The upcoming week promises to be incredibly busy for primary market enthusiasts, with eight initial public offerings (IPOs) slated to open for subscription, featuring two mainboard issues. Moreover, Dalal Street is bracing for the highly anticipated debuts of nine new shares.
In the previous week, JG Chemicals Ltd, RK Swamy Ltd, Mukka Proteins, Sona Machinery, and VR Infraspace IPOs were all open for bidding, adding to the flurry of activity in the primary market.
In the upcoming week, investors will have the chance to subscribe to two mainboard IPOs, namely Popular Vehicles and Krystal Integrated. Furthermore, six SME IPOs will also be open for subscription, including Pratham EPC and Signoria Creation. This diverse lineup offers investors a range of options to consider in the primary market.
Popular Vehicles & Services IPO is scheduled to open for subscription on March 12, 2024, and will close on March 14, 2024. This IPO is structured as a book built issue with a total size of ₹601.55 crores. It comprises a fresh issue of 0.85 crore shares amounting to ₹250.00 crores and an offer for sale of 1.19 crore shares amounting to ₹351.55 crores. Investors will have the opportunity to participate in this offering during the specified subscription period.
The price band for the Popular Vehicles & Services IPO has been set at ₹280 to ₹295 per share. ICICI Securities Limited, Nuvama Wealth Management Limited, and Centrum Capital Limited are serving as the book running lead managers for this IPO, while Link Intime India Private Ltd has been appointed as the registrar for the issue. Investors can subscribe to the IPO within the specified price range through these authorized channels during the subscription period.
Krystal Integrated Services IPO is scheduled to open for subscription from March 14, 2024, to March 18, 2024. This IPO is structured as a book built issue and consists of a fresh issue of ₹175 crore along with an offer for sale of 0.18 crore shares.
As of now, the price band for the Krystal Integrated Services IPO is yet to be announced. Inga Ventures Pvt Ltd has been appointed as the book running lead manager for the IPO, while Link Intime India Private Ltd will act as the registrar for the issue. Investors are advised to stay tuned for further updates regarding the price band and subscription details of this IPO.
Pratham EPC Projects IPO is scheduled to open for subscription from March 11, 2024, to March 13, 2024. This IPO is structured as a book built issue with a total size of ₹36 crores, comprising entirely of a fresh issue of 48 lakh shares.
The price band for the Pratham EPC Projects IPO has been set at ₹71 to ₹75 per share. Beeline Capital Advisors Pvt Ltd has been appointed as the book running lead manager for the IPO, while Link Intime India Private Ltd will serve as the registrar for the issue. Additionally, Spread X Securities has been designated as the market maker for the Pratham EPC Projects IPO.
The Royal Sense IPO, a SME IPO, is set to open for subscription from March 12, 2024, to March 14, 2024. This IPO is a fixed price issue with a total size of ₹9.86 crores, comprising entirely of a fresh issue of 14.5 lakh shares.
Priced at ₹68 per share, the Royal Sense IPO offers investors the opportunity to subscribe at a predetermined price. Expert Global Consultants Private Limited has been appointed as the book running lead manager for the IPO, while Bigshare Services Pvt Ltd will serve as the registrar for the issue.
The Signoria Creation IPO, categorized as a SME IPO, will be available for subscription from March 12, 2024, until March 14, 2024. This IPO is structured as a book built issue with a total size of ₹9.28 crores, comprising entirely of a fresh issue of 14.28 lakh shares.
With a price band set at ₹61 to ₹65 per share, investors have the flexibility to subscribe to the Signoria Creation IPO within the specified range. Holani Consultants Private Limited has been appointed as the book running lead manager for the IPO, while Bigshare Services Pvt Ltd will act as the registrar for the issue.
Additionally, Holani Consultants has been designated as the market maker for the Signoria Creation IPO, facilitating liquidity in the secondary market once the shares are listed.
The AVP Infracon IPO, which is a book built issue, is scheduled to open for subscription from March 13, 2024, to March 15, 2024. The IPO comprises a total fresh issue of ₹52.34 crores, representing 69.79 lakh shares.
With a price band set at ₹71 to ₹75 per share, investors have the opportunity to subscribe to the AVP Infracon IPO within the specified range. Share India Capital Services Private Limited has been appointed as the book running lead manager for the IPO, overseeing the subscription process. Purva Sharegistry India Pvt Ltd will act as the registrar for the issue, facilitating the IPO process.
Furthermore, Share India Securities has been designated as the market maker for the AVP Infracon IPO, ensuring liquidity in the secondary market once the shares are listed.
The Enfuse Solutions IPO is set to open for subscription from March 15, 2024, until March 19, 2024. This IPO is structured as a book built issue with a total size of 23.38 lakh shares, comprising entirely of a fresh issue of 23.38 lakh shares.
As of now, the price band for the Enfuse Solutions IPO has not been announced. However, investors can expect further details regarding the price band to be disclosed closer to the opening date of the subscription. Hem Securities Limited has been appointed as the book running lead manager for the Enfuse Solutions IPO, overseeing the subscription process.
Bigshare Services Pvt Ltd will act as the registrar for the issue, managing the IPO-related documentation and processes.
The KP Green Engineering IPO, a SME IPO, is scheduled to open for subscription from March 15, 2024, until March 19, 2024. This IPO is structured as a book built issue with a total size of ₹189.50 crores, comprising entirely of a fresh issue of 131.6 lakh shares.
Investors will have the opportunity to subscribe to the KP Green Engineering IPO during the specified subscription period. As it is a book built issue, the pricing and other details such as the price band are yet to be announced.
During the subscription period, investors can access the IPO through authorized channels to participate in the fresh issue of shares. This IPO presents an opportunity for investors to support KP Green Engineering’s growth plans and potential.
The much-anticipated KP Green Engineering IPO is poised to open for subscription from March 15, 2024, to March 19, 2024, with a price band fixed at ₹137 to ₹144 per share. Beeline Capital Advisors Pvt Ltd will take charge as the book running lead manager, overseeing the IPO process, while Bigshare Services Pvt Ltd has been entrusted with the registrar responsibilities. Additionally, Spread X Securities has been appointed as the market maker for the KP Green Engineering IPO, ensuring liquidity in the secondary market post-listing.
Next week, the stock market is gearing up for several new listings:
- Gopal Snacks IPO: The allotment for the Gopal Namkeen IPO is anticipated to be finalized on Tuesday, March 12, 2024. This IPO is set to list on both BSE and NSE, with a tentative listing date scheduled for Thursday, March 14, 2024.
- JG Chemicals IPO: Allotment for the JG Chemicals IPO is expected to be concluded on Monday, March 11, 2024. The IPO is slated to list on both BSE and NSE, with a tentative listing date set for Wednesday, March 13, 2024.
- R K SWAMY IPO: The allotment process for the R K SWAMY IPO was completed on Thursday, March 7, 2024. This IPO is set to list on both BSE and NSE, with a tentative listing date scheduled for Tuesday, March 12, 2024.
- Pune E-Stock Broking IPO: Allotment for the Pune E-Stock Broking IPO is expected to be finalized on Wednesday, March 13, 2024. The IPO will list on BSE SME, with a tentative listing date set for Friday, March 15, 2024.
- Shree Karni Fabcom IPO: Allotment for the Shree Karni Fabcom IPO is anticipated to be finalized on Tuesday, March 12, 2024. This IPO is set to list on NSE SME, with a tentative listing date scheduled for Thursday, March 14, 2024.
- Koura Fine Diamond Jewelry IPO: Allotment for the Koura Fine Diamond Jewelry IPO is expected to be finalized on Tuesday, March 12, 2024. The IPO will list on BSE SME, with a tentative listing date set for Thursday, March 14, 2024.
- Sona Machinery IPO: Allotment for the Sona Machinery IPO is expected to be concluded on Monday, March 11, 2024. This IPO is set to list on NSE SME, with a tentative listing date scheduled for Wednesday, March 13, 2024.
- V R Infraspace IPO: Allotment for the V R Infraspace IPO was finalized on Thursday, March 7, 2024. This IPO will list on NSE SME, with a tentative listing date set for Tuesday, March 12, 2024.
- Bharat Highways InvIT: Allotment for the Bharat Highways InvIT was finalized on Wednesday, March 6, 2024. This IPO is set to list on both BSE and NSE, with a tentative listing date scheduled for Tuesday, March 12, 2024.