With five fresh initial public offerings (IPOs) scheduled to launch on Dalal Street this coming week, including two mainboard and three small and medium business (SME) issues that will go up for subscription, the primary market is expected to remain active.
The leading mid-market investment bank Pantomath Capital Advisors Pvt. Ltd.’s managing director, Mahavir Lunawat, predicted that the Indian IPO market would continue to be strong in CY2024.“Rise of the domestic capital, flourishing Indian entrepreneurship, improving governance, diligent institutional investors are among reasons likely to keep the IPO market ticking in 2024,” Lunawat stated.
Investors can anticipate mainboard initial public offerings (IPOs) from Juniper Hotels and GPT Healthcare next week, with a combined goal of raising around ₹2,000 crore. In addition, SME companies Dream Roll Tech and Zenith Drugs are getting ready to release their own products, which is adding to the market’s lively activity.
Juniper Hotels Limited IPO
The Juniper Hotels initial public offering (IPO) will go live on February 21, 2024, and end on February 23, 2024. The mainboard IPO is a fully new offering of 5 crore shares and is a book constructed issue of ₹1,800 crores. The pricing range for Juniper Hotels’ IPO is ₹342 to ₹360 per share.
GPT Healthcare Limited IPO
The subscription period for the GPT Healthcare IPO begins on February 22, 2024, and it ends on February 26, 2024. This book-built issue consists of a 40 crore share fresh issue and a 2.61 crore share offer for sale.
Zenith Drugs Limited IPO
The subscription period for the Zenith Drugs IPO begins on February 19, 2024, and ends on February 22, 2024. The SME IPO consists of a 51.49 lakh share and ₹40.68 crore book built issue. The price range for a share is ₹75 to ₹79.
Deem Roll Tech Limited IPO
The subscription period for the Deem Roll Tech IPO begins on February 20, 2024, and ends on February 22, 2024. The SME IPO is a fully new offering of 22.68 lakh shares at a fixed price of ₹29.26 crores. The IPO price per share is ₹129.
Sadhav Shipping Limited IPO
The subscription period for the Sadhav Shipping IPO begins on February 23, 2024, and ends on February 27. The IPO consists of a new issue of 40.19 lakh shares and a fixed price issue of ₹38.18 crores. The IPO price per share is ₹95
Esconet Technologies Limited IPO
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The subscription period for the Esconet Technologies IPO auction began on February 16, 2024, and it will end on February 20, 2024. The SME IPO is a fully new issue of 33.6 lakh shares and is a book built issue of ₹28.22 crores. The price range for Esconet Technologies’ IPO is ₹80 to ₹84 per share.
Kalahridhaan Trendz Limited IPO
The subscription period for the Kalahridhaan Trendz IPO auction began on February 15, 2024, and it will expire on February 20, 2024. The SME IPO is a fully new offering of 49.98 lakh shares at a fixed price of ₹22.49 crores. The IPO price of Kalahridhaan Trendz is ₹45 per share.
Thaai Casting Ltd IPO
The subscription period for the Thaai Casting IPO auction began on February 15, 2024, and it will end on February 20, 2024. It is a fully new issuance of 61.3 lakh shares and a book constructed issue of ₹47.20 crores. The pricing range for the Thaai Casting IPO is ₹73 to ₹77 per share.
Atmastco Limited IPO
The subscription period for the Atmastco IPO auction began on February 15, 2024, and it will end on February 20, 2024. A fixed price issue of ₹56.25 crores is the SME IPO. The issue consists of an offer to sell 18.26 lakh shares, valued at ₹14.06 crores, and a new issue of 54.8 lakh shares, totaling ₹42.20 crores. The IPO price of Atmastco is ₹77 per share.
Interiors and More Limited IPO
The subscription period for the Interiors and More IPO auction began on February 15, 2024, and it will end on February 20, 2024. It is a ₹42 crore book constructed issue. This is a completely new 18.5 lakh share offering. The price range for Interiors and More’s IPO is ₹216 to ₹227 per share.
Fresh Listings channelized for the forthcoming week
Vibhor Steel Tubes Limited IPO: Vibhor Steel Tubes IPO’s allotment was completed on Friday, February 16, 2024. The IPO is scheduled to go public on the BSE and NSE, with a provisional listing date of Tuesday, February 20, 2024.
Wise Travel India Limited IPO: The WTI Cabs IPO allotment was completed on Thursday, February 15, 2024. The NSE SME will list the IPO on February 19, 2024.
Esconet Technologies Limited IPO: On Wednesday, February 21, 2024, the allocation for the Esconet Technologies IPO is anticipated to be completed. The IPO is scheduled to go live on NSE SME, with a provisional listing date of Friday, February 23, 2024.
Kalahridhaan Trendz Limited IPO: On Wednesday, February 21, 2024, the allocation for the Kalahridhaan Trendz IPO is anticipated to be completed. The tentative listing date for the SME IPO is Friday, February 23, 2024, and it will take place on NSE SME.
Thaai Casting Ltd IPO: On Wednesday, February 21, 2024, the allotment for the Thaai Casting IPO is anticipated to be completed. The tentative listing date for the SME IPO is Friday, February 23, 2024, and it will take place on NSE SME.
Atmastco Limited IPO: It is anticipated that allotment for the Atmastco IPO will be on Wednesday, February 21, 2024. The IPO is scheduled to go live on NSE SME, with a provisional listing date of Friday, February 23, 2024.
Interiors and More Limited IPO: On Wednesday, February 21, 2024, the allocation for the Interiors and More IPO is anticipated to be completed. The tentative listing date for the SME IPO is Friday, February 23, 2024, and it will take place on NSE SME.
