Next week, the main market will see a lot of activity beginning on March 4, when eight initial public offers (IPOs) are slated to open for subscription and seven businesses are scheduled to list on the bourses.
The eight firms that are scheduled to go public will raise a total of Rs 1,483.2 crore. The following companies, as reported by Moneycontrol will be made public for subscription next week.
RK Swamy IPO
With an IPO of Rs 423.56 crore on March 4, RK Swamy, the data-driven integrated marketing services provider, is scheduled to be the first mainboard company to arrive on Dalal Street the following week. There will be an offer-for-sale (OFS) of 87 lakh shares valued at Rs 250.56 crore at the top price band in addition to the Rs 173 crore IPO. The price range for each share is set at Rs 270–288.
JG Chemicals IPO
Manufacturer of zinc oxide JG Chemicals will accept subscriptions for its Rs 251.2-crore public offering on March 5 at a price range of Rs 210–221 per share. The IPO will end on March 7 and consists of a new issue of shares valued at Rs 165 crore and an OFS of 39 lakh shares valued at Rs 86.19 crore.
Gopal Snacks IPO
The maker of ethnic and western snacks in Rajkot, Gopal Snacks, will launch its first public offering on March 6 and offer subscriptions till March 11. The offering will be priced between Rs 381-401 per share. The company’s IPO, which would solely include an OFS from current shareholders, aims to raise Rs 650 crore.
V R Infraspace IPO
Next week, on March 4, V R Infraspace will become the first initial public offering (IPO) from the SME market. The public issue has a closing date of March 6 and a fixed price of Rs 85 per share. With this offering, the real estate developer from Gujarat hopes to raise Rs 20.4 crore.
Sona Machinery IPO
The agricultural machinery manufacturing company, situated in Uttar Pradesh, is to launch its first public offering on March 5th, offering shares at a price range of Rs 136-143. March 7 will be the last day to place a bid. With the IPO, which will solely include a new issuance, Sona Machinery hopes to raise Rs 51.82 crore.
Shree Karni Fabcom IPO
The producer of bespoke knitted and woven fabrics, situated in Gujarat, is scheduled to commence its public offering of Rs 42.5 crore on March 6. The deadline for placing bids is March 11. The IPO’s price range has been set at Rs 220–227 per share, with solely a new issuance included.
Koura Fine Diamond Jewelry IPO
The subscription period for the Rs 5.5-crore initial public offering (IPO) of the wholesaler of gold and diamond jewelry situated in Ahmedabad will run from March 6 to 11. A price of Rs 55 per share has been decided upon.
Pune E-Stock Broking IPO
Next week, the Pune E-Stock Broking IPO, which opens on March 7 and closes on March 12, will be the last one from the SME sector. The book constructed issuance has a price range of Rs 78–83 per share. The broking business intends to raise Rs 38.23 crore by issuing 46.06 lakh equity shares to the market. Additionally, on March 4, the Rs 224-crore public offering of fish protein products manufacturer Mukka Proteins and the Rs 66-crore IPO of sugar producer MVK Agro Food Product will also conclude.
Upcoming Listings
Producers of stabilisers Platinum Industries and electric car charging solutions provider Exicom Tele-Systems, who raised an initial public offering (IPO) of Rs 235.32 crore and Rs 429 crore, respectively, will list their equity shares on the bourses on March 5. They were subscribed 99.03 and 129.54 times, respectively.
In addition, Mukka Proteins shares will list on March 7, while Bharat Highways Infrastructure Investment Trust will list its units on March 6 following the funding of Rs 2,500 crore through its public offering, which was subscribed 8.01 times last week.
Owais Metal and Mineral Processing, Purv Flexipack, and MVK Agro Food Product are the SMEs that will list their equity shares on the NSE Emerge on March 4, March 5, and March 7, respectively.
