The primary markets will be abuzz this week as there are three SME initial public offerings (IPOs) scheduled to open for bidding along with one mainboard IPO and four SME IPOs scheduled for listing.
There are three SME IPOs scheduled to open for bidding this week and total five IPOs set to list, including on mainboard issue
The primary markets will be abuzz this week as there are three SME initial public offerings (IPOs) scheduled to open for bidding along with one mainboard IPO and four SME IPOs scheduled for listing.
Let's take a quick look at the upcoming IPOs and listings this week, from Monday, February 24 to Friday, February 28.
The Rs 858.70-crore IPO of Quality Power Electrical Equipments was available for bidding from February 14 to February 18. Shares were offered at Rs 425 per share and the allotment was finalised on February 19. The company's shares are set to be listed on both the exchanges - NSE and BSE - on February 24. The issue was a combination of fresh issues worth Rs 225 crore and an offer for sale (OFS) component of Rs 633.70 crore.
The company is engaged in the business of energy transition equipment and power technologies. The company provides high-voltage electrical equipment and solutions for grid connectivity and energy transition, specializing in power products across generation, transmission, distribution, and automation sectors.
The Rs 36-crore IPO of Royalarc Electrodes IPO was open for public subscription from February 14 till February 18. Shares were issued at Rs 120 per share and the allotment was finalised on February 19. The issue was a combination of fresh issue worth Rs 21.60 crore and an OFS component of Rs 14.40 crore. The company’s shares are scheduled to debut on the NSE SME platform on February 24.
Royalarc Electrodes is engaged in the business of manufacturing of welding consumables such as, welding electrodes, flux cored wire, MIG/TIG wires.
Bidding for the Rs 105.84-crore IPO of Tejas Cargo was open from February 14 till February 18. Shares were offered at Rs 168 per share and allotment was finalised on February 19. The company's shares are scheduled to be listed on the NSE SME platform on February 24. The issue is entirely a fresh issue.
Tejas Cargo India Limited is a logistics company located in Faridabad, Haryana, that provides supply chain transportation services by road throughout India.
The Rs 34.23-crore IPO of HP Telecom India opened for bidding on February 20 and will be available for bidding till February 24. Shares are being offered at Rs 108 per share. The allotment will be finalised on February 25 and shares will tentatively list on February 28 on the NSE SME platform. The issue is entirely a fresh issue.
HP Telecom is the exclusive distributor of Apple products in Madhya Pradesh, Chhattisgarh, select cities in Uttar Pradesh, and major urban centres in Gujarat. The company offer a range of Apple devices, including the iPhone, iPad, Mac, and Apple Watch, catering to tech-savvy consumers in these regions.
The Rs 14.92-crore IPO of Swasth Foodtech opened for subscription on February 20 and will close on February 24. Shares are being offered at Rs 94 per share. The issue is entirely a fresh issue. The allotment will be finalised on February 25 and shares are scheduled to list on the BSE SME platform on February 28.
The company produces and markets various grades of rice bran oil, rich in Vitamin E and Oryzanol, offering heart-healthy benefits, high smoke point, and versatile, neutral flavor for cooking.
The Rs 59.93-crore Beezaasan Explotech IPO opened for subscription on February 21, and will close on February 25. Allotment is expected on February 27, and the listing of shares on BSE SME scheduled for March 3. Shares are being offered at Rs 165-175 per share. The issue is entirely a fresh issue.
The company is primarily involved in the manufacturing of explosives and explosives accessories used in the cement, mining, and defence industries.
Nukleus Office Solutions IPO opens for subscription on February 24 and closes on February 27. Allotment is expected on February 28, with the listing on BSE SME set for March 4. Shares are being offered at Rs 234 per share and the IPO is comprised of entirely fresh issue.
The company offers various office solutions for startups, SMEs, large enterprises, professionals, and entrepreneurs.
The Rs 23.36-crore Shreenath Paper IPO opens for subscription on February 25 and closes on February 28. Allotment is expected on March 3, and the listing on BSE SME scheduled for March 5. Shares are being offered at Rs 44 per share and is entirely a fresh issue.
Shreenath Paper Products Limited is engaged in offering supply chain solutions to industries that use paper materials such as coated, food-grade, machine-glazed, and adhesive papers in their manufacturing processes.
Balaji Phosphates IPO opens for subscription on February 28 and closes on March 4. Allotment is expected on March 5, and the listing on NSE SME is set for March 7. The issue size and price band are yet to be announced. The issue is a combination of fresh issue and OFS component.
Balaji Phosphates Limited manufactures and supplies Single Super Phosphate, NPK Granulated and Mixed Fertilisers, and Zinc Sulphate, all compliant with India's Fertilizer Control Order standards.