Dalal Street is expected to be busy in the coming week with seven companies preparing to launch their IPOs, as well as eight new IPOs. As the benchmark indices continue to hit new record highs, there is an optimistic mood and the primary market offers numerous investment opportunities for investors.
Of the seven upcoming IPOs, Popular Vehicles and Krystal Integrated are motherboard-themed, while the four SME IPOs include the IPO of Pratham EPC, Signoria Creation, Royal Sense Limited and AVP Infracon Limited.
IPOs next week
Popular IPO for vehicles and services
The IPO of Popular Vehicles and Services, a Kerala-based car retailer, is scheduled to begin subscription on March 12. The company has set a price range of Rs 280 to Rs 295 per share.
The IPO consists of a primary issue of Rs 250 crore and an offer for sale (OFS) of 11.92 million shares by private equity fund BanyanTree Growth Capital II LLC.
The anchor bidding begins on March 11th and the issue ends on March 14th. The basis for the allocation will be determined by March 15th.
Krystal Integrated Services IPO
Krystal Integrated Services, a company specializing in facility management services, will release its public edition for subscription on March 14th. This is the second public edition after Popular Vehicles & Services to launch on Dalal Street next week.
The anchor book, which will be allocated to qualified institutional buyers, will open for a single day on March 13, shortly before the issue open.
The IPO consists of an initial public offering of shares worth Rs 175 crore and an offer for sale (OFS) of 17.5 lakh shares by promoter Krystal Family Holdings.
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IPO of KP Green Engineering
Subscription for the issue will commence on March 15, 2024 and close on March 19, 2024. The price range for the issue is Rs 137 to Rs 144 per share, with the minimum lot size for an application being 1,000 shares.
IPO of AVP Infracon
AVP Infracon, an infrastructure construction company, is expected to begin its initial public offering (IPO) on March 13. The SME IPO, which closes on March 16, has set a price range for the issue between Rs 71 and Rs 75 per share. The company aims to raise Rs 52.34 crore at the upper end of the price range through an all-new issue of 69.79 lakh shares.
Pratham EPC Projects IPO
Pratham EPC Projects is expected to launch its initial public offering (IPO) on March 11, with the SME IPO closing on March 13. The company has set the price band for the issue at Rs 71-75 per share. At the upper end of this range, the company is looking to raise Rs 36 crore from the offer, which consists entirely of a fresh issue of shares worth Rs 48 lakh.
Lordship Creation IPO
Signoria Creation's IPO begins subscription on March 12th and closes on March 14th. This book-built issue is worth Rs 9.28 Crores and exclusively comprises a fresh issue of 14.28 lakh equity shares. The shares are priced between Rs 61 and Rs 65 per share and are slated for listing on NSE SME.
Royal Sense IPO
The Royal Sense IPO will open for subscription on March 12 and close on March 14, 2024. This fixed price issue is worth Rs 9.86 crore and consists entirely of a fresh issue of 14.5 lakh equity shares priced at Rs 68 each Share. The allotment basis will be determined on March 15, 2024, with the provisional listing date being March 19, 2024.
What is an IPO?
IPO stands for Initial Public Offering. An IPO is the process by which a private company offers its shares to the public for the first time, allowing it to raise capital from public investors.
When a company decides to go public through an IPO, it hires investment banks or underwriters to facilitate the process. These underwriters help the company determine the IPO price, prepare the necessary regulatory documents and manage the offering process.
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