The upcoming week will see continued activity on India’s main market as nine firms will list their shares on the bourses and three companies will be open for subscription.
This week marks the opening of three IPOs in the SME sector, but there are no mainboard IPOs planned. Together, the three businesses hope to raise Rs 86.8 crore.
Chatha Foods
On March 19, Chatha Foods is scheduled to become the first initial public offering (IPO) in the SME sector on Dalal street. The price range for shares of Chatha Foods is Rs 53 to Rs 56. On March 21, the last day to bid, will take place.Through the offering, the company that processes frozen food aims to raise Rs 34 crore.
Omfurn India FPO
On March 20, Omfurn India will be available for subscription. The price range for each share designated by the FPO is Rs 71-75. March 22 is when the matter will be closed. Through its secondary offering, the furniture manufacturer and supplier hopes to generate Rs 27 crore.
Vishwas Agri Seeds
On March 21, Vishwas Agri Seeds will launch its first public offering. The issuance has a fixed price of Rs 86 per share. The IPO is set to expire on March 26. The company wants to finance Rs 25.8 crore. It processes and supplies seeds to farmers.
Listings
- On March 19, shares of Popular Vehicles, a company based in Kerala, will be listed on exchanges. The company’s initial public offering brought in Rs 601.55 crore. There were 1.23 subscriptions to the issue.
- On March 21, Krystal Integrated Services is anticipated to go public. In the grey market, Krystal’s shares are selling for 8.53 percent more than its upper IPO price range of Rs 715.
- Pratham EPC Projects will list its shares on NSE SME on March 18, while Signoria Creation and Royal Sense will list on NSE SME and BSE SME, respectively, on March 19. On March 20, AVP Infracon is scheduled to list on the NSE SME, while on March 22, Enser Communications, Enfuse Solutions, and KP Green Engineering will be listed thereafter.
