This week is going to be packed for those interested in the primary market, as there are eight new initial public offerings (IPOs) set to launch, including two on the mainboard. Plus, nine new shares are gearing up to debut on Dalal Street.
Last week, we saw JG Chemicals Ltd, RK Swamy Ltd, Mukka Proteins, Sona Machinery, and VR Infraspace IPOs open for bids.
In the upcoming week, investors will get a chance to subscribe to two mainboard IPOs – Popular Vehicles and Krystal Integrated. There will also be six SME IPOs available for subscription, which include Pratham EPC and Signoria Creation.
Upcoming IPOs This Week
This week, there will be several new Initial Public Offerings (IPOs) available for subscription.
Popular Vehicles and Services IPO
The Popular Vehicles & Services IPO will be available for subscription from March 12 to March 14, 2024. This IPO aims to raise ₹601.55 crores through a combination of fresh issue of 0.85 crore shares worth ₹250.00 crores and an offer for sale of 1.19 crore shares valued at ₹351.55 crores.
Investors can purchase shares within the price band of ₹280 to ₹295 per share. ICICI Securities Limited, Nuvama Wealth Management Limited, and Centrum Capital Limited are managing the IPO process, while Link Intime India Private Ltd is handling the registration.
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Pratham EPC Projects IPO
The Pratham EPC Projects IPO is available for subscription from March 11 to March 13, 2024. This IPO offers 48 lakh shares, raising ₹36 crores. Each share is priced between ₹71 to ₹75. Beeline Capital Advisors Pvt Ltd is managing the IPO, and Link Intime India Private Ltd is handling registrations. Spread X Securities serves as the market maker for this IPO.
Signoria Creation IPO
Signoria Creation is gearing up for its IPO subscription phase starting March 12, 2024, until March 14, 2024. This SME is issuing fresh shares worth ₹9.28 crores, totaling 14.28 lakh shares. The IPO’s price range is set between ₹61 to ₹65 per share.
Holani Consultants Private Limited serves as the lead manager, and Bigshare Services Pvt Ltd handles the registration. Holani Consultants is also the market maker for this IPO.
Enfuse Solutions IPO
Enfuse Solutions is launching its Initial Public Offering (IPO) on March 15, 2024, which will run until March 19, 2024. This IPO consists of 23.38 lakh shares, all of which are new. The price range for the IPO has not been disclosed yet. Hem Securities Limited is the main manager for handling the IPO process, while Bigshare Services Pvt Ltd will serve as the registrar.
Krystal Integrated Services IPO
Krystal Integrated Services is offering its IPO for subscription from March 14 to March 18, 2024. The IPO includes a fresh issue of ₹175 crore and an offer for sale of 0.18 crore shares. The price range for the IPO hasn’t been revealed yet. Inga Ventures Pvt Ltd is managing the IPO, with Link Intime India Private Ltd serving as the registrar.
Royal Sense IPO
The Royal Sense IPO is set to launch on March 12, 2024, and will accept subscriptions until March 14, 2024. It’s a small and medium-sized enterprise (SME) IPO with a fixed price of ₹9.86 crores, offering 14.5 lakh shares for the first time.
Each share of the Royal Sense IPO is priced at ₹68. The Expert Global Consultants Private Limited is overseeing the process as the book running lead manager, with Bigshare Services Pvt Ltd acting as the registrar.
AVP Infracon IPO
AVP Infracon’s IPO will be available for subscription from March 13 to March 15, 2024. The company aims to raise ₹52.34 crores through the issuance of 69.79 lakh new shares.
The price range for AVP Infracon’s IPO is between ₹71 to ₹75 per share. Share India Capital Services Private Limited will manage the book running, and Purva Sharegistry India Pvt Ltd will handle the registrar duties. Share India Securities is the market maker for this IPO.
KP Green Engineering IPO
The KP Green Engineering IPO will be available for subscription from March 15 to March 19, 2024. This IPO is for a total of ₹189.50 crores, and it consists of 131.6 lakh new shares. The price range for each share is between ₹137 to ₹144.
Beeline Capital Advisors Pvt Ltd is overseeing the IPO process, while Bigshare Services Pvt Ltd is managing the registration. Spread X Securities will serve as the market maker for this IPO.
New Listings This Week
The following are the new listing IPOs this week:
- Gopal Snacks IPO: The Gopal Namkeen IPO allotment will be decided on Tuesday, March 12, 2024, and it will be listed on both BSE and NSE with a tentative listing date set for Thursday, March 14, 2024.
- JG Chemicals IPO: The allotment for JG Chemicals IPO is expected to be finalized on Monday, March 11, 2024, and it will list on both BSE and NSE with a tentative listing date of Wednesday, March 13, 2024.
- R K SWAMY IPO: The allotment for R K SWAMY IPO was confirmed on Thursday, March 7, 2024. It will list on both BSE and NSE with a tentative listing date set for Tuesday, March 12, 2024.
- Pune E-Stock Broking IPO: The allotment for Pune E-Stock Broking IPO is expected to be finalized on Wednesday, March 13, 2024. It will list on BSE SME with a tentative listing date set for Friday, March 15, 2024.
- Shree Karni Fabcom IPO: The allotment for Shree Karni Fabcom IPO is expected to be finalized on Tuesday, March 12, 2024, and it will list on NSE SME with a tentative listing date set for Thursday, March 14, 2024.
- Koura Fine Diamond Jewelry IPO: The allotment for Koura Fine Diamond Jewelry IPO is expected to be finalized on Tuesday, March 12, 2024. It will list on BSE SME with a tentative listing date set for Thursday, March 14, 2024.
- Sona Machinery IPO: The allotment for Sona Machinery IPO is expected to be finalized on Monday, March 11, 2024, and it will list on NSE SME with a tentative listing date set for Wednesday, March 13, 2024.
- V R Infraspace IPO: The allotment for V R Infraspace IPO was confirmed on Thursday, March 7, 2024. It will list on NSE SME with a tentative listing date set for Tuesday, March 12, 2024.
- Bharat Highways InvIT: The allotment for Bharat Highways InvIT was confirmed on Wednesday, March 6, 2024. It will list on both BSE and NSE with a tentative listing date set for Tuesday, March 12, 2024.
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Upcoming IPOs FAQs
Q.1. What IPOs are launching this week?
Ans. This week, IPOs like Popular Vehicles, Pratham EPC, and Signoria Creation are available for subscription.
Q.2. What is the price range for Popular Vehicles IPO?
Ans. The price band for Popular Vehicles IPO is between ₹280 to ₹295 per share.
Q.3. When does the subscription for Pratham EPC Projects IPO start and end?
Ans. Pratham EPC Projects IPO subscription starts on March 11 and ends on March 13, 2024.
Q.4. Who are the managing entities for the Krystal Integrated Services IPO?
Ans. Inga Ventures Pvt Ltd is managing the Krystal Integrated Services IPO, with Link Intime India Private Ltd serving as the registrar.
Q.5. When will AVP Infracon IPO subscription open?
Ans. AVP Infracon IPO subscription will open from March 13 to March 15, 2024.
