After a hectic week, the primary market is about to take a breather as only three IPOs, one in the motherboard segment and three in the SME segment, are scheduled to commence next week.
Nonetheless, the financial landscape will see an increase in listings, with five planned for the motherboard segment. Last week, three IPOs of Rashi Peripherals, Jana SFB and Capital SFB opened and subsequently closed in the primary market.
Also Read: Jana Small Finance Bank IPO: GMP, how to check status as focus shifts to allotment date
“The surge in domestic capital inflows, robust growth in entrepreneurial efforts in India, advancements in governance standards and active engagement by diligent institutional investors combine to contribute to the continued momentum expected in the IPO market in 2024 .”
This week, starting February 22, four mainboard IPOs, Appejay Surrendra Park Hotels, Rashi Peripherals, Jana Small Finance Bank and Capital Small Finance, were completed to raise a total amount of ₹2,613 Crores,” said Mahavir Lunawat, Managing Director, Pantomath Capital Advisors Pvt. Ltd. – A leading medium-sized investment bank.
Here is a list of IPOs that will be available for subscription next week:
Vibhor Steel Tubes IPO
Vibhor Steel Tubes IPO is open for subscription on February 13, 2024 and closes on February 15, 2024. It is a book edition of ₹72.17 crores and is a completely new edition.
The IPO price range for Vibhor Steel Tubes is at ₹141 to ₹151 per share. Khambatta Securities Limited is the book-running lead manager while Kfin Technologies Limited is the registrar for the issue.
Also Read: Vibhor Steel Tubes Limited IPO announces price range ₹141-151 each; Review issue details, important dates, and more
Wise Travel India (IPO of WTI Cabs)
The WTI Cabs IPO is open for subscription on February 12, 2024 and closes on February 14, 2024. The SME IPO is a book edition of ₹94.68 crores and is entirely a fresh issue of 64.41 lakh shares.
The price range for the IPO of WTI Cabs is at ₹140 tonnes ₹147 per share. Share India Capital Services Private Limited is the underwriter while Beetal Financial & Computer Services (P) Limited is the registrar for the issue.
Thai Casting IPO
The Thaai Casting IPO is open for subscription on February 15, 2024 and closes on February 19, 2024. The SME IPO is a book-built issue of 61.3 lakh shares and is a completely new issue.
The price range for the SME IPO is yet to be announced. GYR Capital Advisors Private Limited is the underwriter while Purva Sharegistry India Pvt Ltd is the registrar for the issue.
Kalahridhan Trendz IPO
The IPO of Kalahridhaan Trendz is open for subscription on February 15, 2024 and closes on February 20, 2024. It is a fixed price issue of ₹22.49 crores and is a pure fresh issue of 49.98 lakh shares.
Kalahridhan Trendz IPO price is ₹45 per share. Interactive Financial Services Ltd is the book-running lead manager while Bigshare Services Pvt Ltd is the registrar for the issue.
Entero Healthcare Solutions IPO
The offering for the IPO of Entero Healthcare Solutions opened for subscription on February 9, 2024 and closes on February 13, 2024. The IPO is a book edition of ₹1,600 crores. The issue is a combination of fresh issues of equity shares totaling ₹0.79 crore ₹1,000 crores and offer for sale of shares aggregating to `0.48 crore ₹600 crores.
The price range for the IPO of Entero Healthcare Solutions is at ₹1195 to ₹1258 per share. ICICI Securities Limited, Dam Capital Advisors Ltd (formerly Idfc Securities Ltd), Jefferies India Private Limited, Jm Financial Limited and SBI Capital Markets Limited are the underwriters while Link Intime India Private Ltd is the registrar for the issue.
Also Read: Entero Healthcare IPO: The issue receives lukewarm response from investors on the first day; Check GMP and Entero IPO subscription status
IPO of Alpex Solar Limited
Alpex Solar's IPO opened for subscription on February 8, 2024 and closes on February 12, 2024. SME's IPO is a book edition of ₹74 crores. The issue is entirely a fresh issue of 64.8 lakh shares.
The price range for Alpex Solar's IPO is: ₹109 to ₹115 per share. Corporate Capitalventures Pvt Ltd is the book running lead manager of the Alpex Solar IPO while Skyline Financial Services Private Ltd is the registrar for the issue.
Also Read: Alpex Solar IPO: Check GMP and Subscription Status on Day 2; other important details
Rudra Gas Enterprise IPO
The IPO offer of Rudra Gas Enterprise opened for subscription on February 8, 2024 and closes on February 12, 2024. It is a fixed price issue of ₹14.16 Crores and is a pure fresh issue of 22.48 lakh shares.
The IPO price of Rudra Gas Enterprise is ₹63 per share. Beeline Capital Advisors Pvt Ltd is the book-running lead manager while Link Intime India Private Ltd is the registrar for the issue.
Also Read: Rudra Gas Enterprise IPO: Issue oversubscribed on second day led by retail investors; GMP is rising
IPO of Polysil Irrigation Systems
The offer for the IPO of Polysil Irrigation Systems was opened for subscription on February 8, 2024 and closes on February 13, 2024. The SME IPO is a fixed price issue of ₹17.44 Crores and is a combination of fresh issues of 14.44 Lakh shares with a total value of 17.44 Crores ₹7.80 Crores and offer for sale of shares totaling 17.85 Lakh ₹9.64 crores.
The IPO price of Polysil Irrigation Systems is ₹54 per share. Fedex Securities Pvt Ltd is the book-running lead manager while Bigshare Services Pvt Ltd is the registrar for the issue.
New entries –
- Apeejay Surrendra Park IPO: Allotment for the IPO was completed on Thursday, February 8, 2024. Apeejay Surrendra Park IPO will be listed on BSE, NSE on February 12, 2024.
- Rashi Peripherals IPO: Allotment for the IPO is expected to close on Monday, February 12, 2024. The Rashi Peripherals IPO will be listed on the BSE and NSE. The provisional trading date is Wednesday, February 14, 2024.
- Jana Small Finance Bank IPO: Allotment for the IPO is expected to close on Monday, February 12, 2024. Jana SFB IPO will be listed on the BSE and NSE with the tentative listing date set at Wednesday, February 14, 2024.
- Capital Small Finance Bank IPO: Allotment for the IPO is expected to close on Monday, February 12, 2024. Capital SFB's IPO will be listed on the BSE and NSE. The provisional trading date is Wednesday, February 14, 2024.
- Italian Edibles IPO: Allotment for the IPO was finalized on Thursday, February 8, 2024. The Italian Edibles IPO will be listed on the NSE SME on February 12, 2024
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