In the upcoming week, the primary market is set to experience a momentary pause, with no new mainboard IPOs scheduled after the blockbuster debut of Bharti Hexacom’s mega IPO, which marked the dawn of the new fiscal year. However, amidst this brief hiatus, the small and medium enterprises (SMEs) segment will continue to thrive, as three new public issues are slated to enter the primary market arena.
Last week witnessed the much-anticipated launch of the Bharti Hexacom IPO, with the ambitious goal of raising ₹4,275 crore. The overwhelming response from investors resulted in Bharti Airtel’s subsidiary company being subscribed over 30 times, underscoring the robust market sentiment.
Mahavir Lunawat, Managing Director of Pantomath Capital Advisors Pvt. Ltd., highlighted the role of unlocking value as a major catalyst driving optimism in the primary market and shaping the outlook for upcoming listings. Lunawat emphasized the mutually beneficial nature of this value unlocking initiative for both promoters and investors, setting the stage for a host of exciting opportunities in the near future.
Also read: Bharti Hexacom IPO: GMP and Subscription Status Indicate Investor Interest Ahead of Listing
“The excitement surrounding India’s growth narrative has sparked a keen appetite for premium investments. As incentives and initiatives to boost capital spending gain traction, the markets are poised to continue their impressive performance, radiating positivity across various sectors. With this momentum, the IPO frenzy shows no signs of abating!” he exclaimed.
In addition to the Bharti Hexacom IPO, the forthcoming week will witness the listing of five other SME IPOs that opened for subscription last week. These new listings are set to further invigorate the market, offering investors a diverse range of investment opportunities.
Next week, investors will have the opportunity to subscribe to the Teerth Gopicon IPO, which opens for subscription on April 8, 2024, and concludes on April 10, 2024. This IPO, valued at ₹44.40 crore, offers entirely fresh shares amounting to 40 lakh shares.
The price band for this SME IPO has been set at ₹111 per share. Interactive Financial Services Ltd serves as the book running lead manager for the Teerth Gopicon IPO, while Bigshare Services Pvt Ltd has been appointed as the registrar for the issue. Giriraj Stock Broking has been designated as the market maker for the Teerth Gopicon IPO. Investors keen on participating in this offering can seize the opportunity during the specified subscription window.
Starting from April 8, 2024, investors will have the chance to subscribe to the DCG Cables & Wires IPO until April 10, 2024. This SME IPO constitutes a fixed price issue valued at ₹49.99 crore, offering a total of 49.99 lakh fresh shares.
Priced at ₹100 per share, the DCG Cables & Wires IPO presents a promising investment opportunity. Interactive Financial Services Ltd acts as the book running lead manager for this IPO, while Bigshare Services Pvt Ltd has been appointed as the registrar. Nikunj Stock Brokers assumes the role of market maker for the DCG Cables & Wires IPO, facilitating smooth trading dynamics.
Investors eager to capitalize on this offering can partake in the subscription process during the specified timeframe, taking advantage of this fresh investment avenue in the market.
Also read: IPO Lock-In Expiry: Shares Valued at Rs. 1.47 Lakh Crore Set to Enter Market Between April and July
The Greenhitech Ventures IPO subscription window is set to open on April 12, 2024, and will run until April 16, 2024. This IPO, valued at ₹6.30 crore, comprises an entirely fresh issue of 12.6 lakh shares.
Priced at ₹50 per share, the Greenhitech Ventures IPO offers investors a compelling opportunity to participate in the company’s growth trajectory. Beeline Capital Advisors Pvt Ltd has been appointed as the book running lead manager for this IPO, overseeing the subscription process. Meanwhile, Skyline Financial Services Private Ltd will serve as the registrar for the issue, managing investor inquiries and documentation. Additionally, Spread X Securities has been designated as the market maker for the Greenhitech Ventures IPO, ensuring liquidity and efficient trading.
Investors keen on seizing this investment opportunity can subscribe to the Greenhitech Ventures IPO during the specified subscription period, enabling them to potentially benefit from the company’s future growth prospects.
Here are the upcoming IPO listings slated for next week:
- Bharti Hexacom IPO: Allotment for the Bharti Hexacom IPO is expected to be concluded on Monday, April 8, 2024. The IPO is scheduled to debut on both BSE and NSE with a tentative listing date set for Friday, April 12, 2024.
- Aluwind Architectural IPO: Allotment for the Aluwind Architectural IPO was finalized on Friday, April 5, 2024. Investors can anticipate its listing exclusively on NSE SME, with a tentative listing date confirmed for Tuesday, April 9, 2024.
- Creative Graphics Solutions India IPO: Similarly, the allotment for the Creative Graphics Solutions India IPO was also concluded on Friday, April 5, 2024. This IPO is set to list on NSE SME, with a tentative listing date fixed for Tuesday, April 9, 2024.
- Jay Kailash Namkeen IPO: The allotment process for the Jay Kailash Namkeen IPO was finalized on Thursday, April 4, 2024. Investors can expect its listing on BSE SME on April 8, 2024.
- K2 Infragen IPO: Likewise, allotment for the K2 Infragen IPO was concluded on Thursday, April 4, 2024. This IPO is slated for listing on NSE SME on April 8, 2024.
- Yash Optics & Lens IPO: The allotment process for the Yash Optics & Lens IPO was also completed on Thursday, April 4, 2024. It is scheduled to be listed on NSE SME on April 8, 2024.
Investors can anticipate a flurry of new opportunities as these IPOs hit the market next week, offering diverse avenues for investment.
Sources: livemint.com
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