IPOs next week: Two mainboard and three public issues for SMEs to keep the primary market busy

The primary market is expected to remain busy in the coming week. Five new initial public offerings (IPOs) are lined up for subscription on Dalal Street, including two mainboard issues and three small and medium enterprises (SMEs).

Mahavir Lunawat, Managing Director, Pantomath Capital Advisors Pvt. Ltd. – a leading mid-market investment bank said the Indian IPO market will remain robust in fiscal 2024.

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“The rise in domestic capital, thriving Indian entrepreneurship, improving governance and diligent institutional investors are among the reasons that are likely to keep the IPO market afloat in 2024,” Lunawat said.

Last week, two motherboard IPOs namely Vibhor Steel Tubes and Entero Healthcare Solutions began their offerings with an aim to raise a total amount of $1.5 billion ₹1,672 crore.

Entero had a lackluster debut in its IPO on Friday, contrasting with the anticipation surrounding Vibhor Steel Tubes' impending listing next week. Besides Vibhor Steel, six other companies, including SMEs, are ready to list their shares on the stock exchanges.

Also Read: OTT platform Ullu Digital files DRHP with SEBI to raise funds via IPO; for listing on BSE SME

Looking ahead to the coming week, investors can expect mainboard IPOs from Juniper Hotels and GPT Healthcare aimed at raising capital ₹2,000 crore together. At the same time, medium-sized companies Zenith Drugs and Dream Roll Tech are also preparing to launch their respective emissions, thereby contributing to the dynamic activity in the market.

Here is a list of upcoming IPOs that remain open for subscription next week:

Juniper Hotels Limited IPO

The Juniper Hotels IPO is open for subscription on February 21, 2024 and closes on February 23, 2024. The Mainboard IPO is a book edition of ₹1,800 crore and is entirely a fresh issue of 5 crore shares.

The price range for the Juniper Hotels IPO is at ₹342 tons ₹360 per share. Jm Financial Limited, Clsa India Private Limited and ICICI Securities Limited are the underwriters of the Juniper Hotels IPO while Kfin Technologies Limited is the registrar for the issue.

Also Read: Juniper Hotels IPO begins next week. GMP, price, further details about the upcoming IPO

GPT Healthcare Limited IPO

The GPT Healthcare IPO is open for subscription on February 22, 2024 and closes on February 26, 2024. It is a book edition consisting of a new edition of ₹40 crore and offer for sale of 2.61 crore shares.

Pricing ranges for GPT Healthcare's IPO are yet to be announced. Jm Financial Limited is the book running lead manager of the IPO of GPT Healthcare while Link Intime India Private Ltd is the registrar for the issue.

Zenith Drugs Limited IPO

Zenith Drugs IPO is open for subscription on February 19, 2024 and closes on February 22, 2024. SME IPO is a book edition of ₹40.68 crores and is a pure fresh issue of shares worth ₹51.49 lakh.

The price range for Zenith Drugs IPO is at ₹75 tonnes ₹79 per share. Gretex Corporate Services Limited is the book-running lead manager of the IPO of Zenith Drugs while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for the issue is Gretex Share Broking.

Consider Roll Tech Limited IPO

The Deem Roll Tech IPO is open for subscription on February 20, 2024 and closes on February 22, 2024. The SME IPO is a fixed price issue of ₹29.26 crores and is a pure fresh issue of 22.68 lakh shares.

Deem Roll Tech IPO price is ₹129 per share. Fedex Securities Pvt Ltd is the book-running lead manager of the IPO of Deem Roll Tech while Bigshare Services Pvt Ltd is acting as the registrar for the issue. The market maker for the IPO is Ss Corporate Securities.

IPO of Sadhav Shipping Limited

The Sadhav Shipping IPO is open for subscription on February 23, 2024 and closes on February 27, 2024. The IPO is a fixed price issue of ₹38.18 crores and is entirely a fresh issue of 40.19 lakh shares.

The IPO price of Sadhav Shipping is ₹95 per share. Isk Advisors Pvt Ltd is the book running lead manager of the IPO of Sadhav Shipping while Maashitla Securities Private Limited is the registrar for the issue. The market maker for the SME IPO is Sunflower Broking.

IPO of Esconet Technologies Limited

The Esconet Technologies IPO offering opened for subscription on February 16, 2024 and closes on February 20, 2024. The SME IPO is a book edition of ₹28.22 crores and is a pure fresh issue of shares worth 33.6 lakh.

Esconet Technologies' IPO price range is ₹80 tonnes ₹84 per share. Corporate Capitalventures Pvt Ltd is the book running lead manager of the IPO of Esconet Technologies while Skyline Financial Services Private Ltd is the registrar for the issue. The market maker for is Ss Corporate Securities.

Also Read: Esconet Technologies IPO: First Day Issue Subscribed 4.4 Times So Far; Check GMP and other important details of SME IPO

IPO of Kalahridhaan Trendz Limited

The Kalahridhaan Trendz IPO offer opened for subscription on February 15, 2024 and closes on February 20, 2024. The SME IPO 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 of the IPO while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for Kalahridhaan Trendz IPO is Sunflower Broking.

Also Read: Kalahridhaan Trendz IPO: Check GMP, second day subscription status and other important details you should know

Thai Casting Ltd. IPO

The Thaai Casting IPO offering opened for subscription on February 15, 2024 and closes on February 20, 2024. It is a book edition of ₹47.20 crores and is entirely a fresh issue of 61.3 lakh shares.

Thaai Casting's IPO price range is ₹73 to ₹77 per share. GYR Capital Advisors Private Limited is the book running lead manager of the IPO of Thaai Casting while Purva Sharegistry India Pvt Ltd is the registrar for the issue. The market makers for the SME IPO are Giriraj Stock Broking and Commodity Mandi.

Also Read: Thaai Casting IPO: Issue oversubscribed on second day led by retail and NIIs; Check GMP, issue details, verification and more

Atmastco Limited IPO

The Atmastco IPO offering opened for subscription on February 15, 2024 and closes on February 20, 2024. The SME IPO is a fixed price offering of ₹56.25 crores. The issue is a combination of fresh issues totaling 54.8 lakh shares ₹42.20 Crores and offer for sale of 18.26 Lakh shares with a total value of ₹14.06 crores.

Atmastco's IPO price is ₹77 per share. Affinity Global Capital Market Private Limited is the book running lead manager of the Atmastco IPO while Cameo Corporate Services Limited is the registrar for the issue. The market maker for the IPO is Asnani Stock Broker.

Interiors and more limited IPO

The Interiors and More IPO offering opened for subscription on February 15, 2024 and closes on February 20, 2024. It is a book edition of ₹42 crores. The issue is entirely a fresh issue of shares worth ₹18.5 lakh.

The IPO price range for Interiors and More is at ₹216 tons ₹227 per share. Gretex Corporate Services Limited is the book running lead manager of the IPO while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for the Interiors and More IPO is Gretex Share Broking.

Also Read: Interiors and More IPO Day 2: Check Subscription Status, GMP and Other Details

New offers next week –

Vibhor Steel Tubes Limited IPO: The allotment for the IPO of Vibhor Steel Tubes was completed on Friday, February 16, 2024. The IPO will be listed on the BSE and NSE with the tentative listing date set at Tuesday, February 20, 2024.

Wise Travel India Limited IPO: Allotment for WTI Cabs' IPO was completed on Thursday, February 15, 2024. The IPO will be listed on NSE SME on February 19, 2024.

Esconet Technologies Limited IPO: Allotment for Esconet Technologies' IPO is expected to close on Wednesday, February 21, 2024. The IPO will be listed on the NSE SME with the preliminary IPO set for Friday, February 23, 2024.

Kalahridhaan Trendz Limited IPO: The allotment for the IPO of Kalahridhaan Trendz is expected to close on Wednesday, February 21, 2024. The SME IPO will be listed on the NSE SME, with the preliminary IPO set for Friday, February 23, 2024.

Thai Casting Ltd IPO: Allotment for Thaai Casting's IPO is expected to close on Wednesday, February 21, 2024. The SME IPO will be listed on the NSE SME, with the preliminary IPO set for Friday, February 23, 2024.

Atmastco Limited IPO: Allotment for Atmastco's IPO is expected to close on Wednesday, February 21, 2024. The IPO will be listed on the NSE SME with the preliminary IPO set for Friday, February 23, 2024.

Interiors and More Limited IPO: Allotment for Interiors and More's IPO is expected to close on Wednesday, February 21, 2024. The SME IPO will be listed on the NSE SME, with the preliminary IPO set for Friday, February 23, 2024.

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