4 IPOs on the verge of subscription, 9 companies to debut coming week

There will be one initial public offering (IPO) and five firms set to make their market debut in the mainboard section, while three IPOs will open for subscription and four corporates will make their debut in the SME segment.

Nine firms are slated to make their bourse debut this coming week starting on February 12, and four initial public offerings (IPOs) are expected to hit Dalal Street with a fundraising target of Rs 237 crore. Despite the volatility and consolidation in the secondary markets, the mood at the main market remained positive.

There will be one initial public offering (IPO) and five firms set to make their market debut in the mainboard section, while three IPOs will open for subscription and four corporates will make their debut in the SME segment.

Dalal Street: Dalal Street rally cheers PEs looking to exit - The Economic  Times

Vibhor Steel Tubes

On February 13, the manufacturer of steel pipes and tubes, located in Haryana, is scheduled to open subscriptions for its first public offering. The company’s sole new offering is included in the Rs 72-crore initial public offering (IPO), which closes on February 15. The offer’s price range is set at between Rs 141 and Rs 151 per share.

Wise Travel India

The company that offers transportation and car rentals will be the first of four to list on the stock exchange the following week when they publicly issue 64.41 lakh equity shares on February 12. The deadline for placing an offer is February 14. The transportation company’s initial public offering, which will solely include a new issue, is intended to raise Rs 94.68 crore. The offer’s price range is between Rs 140 and Rs 147 per share.

Thaai Casting 

From February 15 to February 19, the automotive ancillary firm will be accepting subscriptions for its first public offering. Only a new issue of 61.3 lakh equity shares is included in the IPO. The Chennai-based company intends to use the money it plans to raise for general corporate objectives and capital expenditures. It is aiming to raise Rs 47.2 crore through its offer at the upper end of the pricing range of Rs 73-77 per equity share.

Kalahridhaan Trendz 

Next week, the last initial public offering (IPO) will take place, with a public offering of 49.98 lakh equity shares on February 15. The deadline for placing an order is February 20. The issue has a fixed price of Rs 22.49 crore, with a share price of Rs 45.

The deadline for the Polysil Irrigation Systems initial public offering (IPO) is February 13. In the meantime, solar panel manufacturer Alphax Solar and Ahmedabad-based Rudra Gas Enterprise, who are involved in pipeline projects for city gas distribution, will close their public issues on February 12.

On February 13, Entero Healthcare Solutions, a mainboard firm that distributes medical supplies, will conclude its Rs 1,600-crore IPO.

Weekly Listings

Apeejay Surrendra Park Hotels plans to double the number of properties by  2025 - The Economic Times

During the period of February 5-7, Apeejay Surrendra Park’s Rs 920-crore initial public offering (IPO) received 59.66 subscriptions.

On February 14, equity shares of Rashi Peripherals, Jana Small Finance Bank, and Capital Small Finance Bank will be listed on the BSE and NSE. On February 16, shares of Entero Healthcare Solutions will be made available.

Between February 7 and 9, the Rashies IPO received 59.71 subscriptions, while Jana Small Finance Bank and Capital Small Finance Bank’s IPOs were booked 18.5 and 4 times, respectively.

Park Hotels shares were trading on the black market at a premium of about 23 percent over the issue price of Rs 155 per share, while shares of Rashi Peripherals and Jana Small Finance Bank were available for about 25 and 10 percent respectively.

On February 12, Italian Edibles is scheduled to launch shares on the NSE Emerge. On February 15, Alpex Solar and Polysil Irrigation Systems will also make their platform debuts; on February 16, Rudra Gas Enterprise trading will start on the BSE SME.