Summary of this article
Two new mainboard issues are scheduled to open for bidding in the upcoming week these include Euro Pratik Sales IPO and VMS TMT IPO.
Shares of Urban Company, Dev X and Shringar House of Mangalsutra are also slated to make their D-street debut this week.
Upcoming IPO Next Week: The upcoming week is likely to be a busy one for the primary market. In the upcoming week, two mainboard issues will be set to open for subscription, and three SME board issues will be set to open for subscription.
On the other hand, shares of 12 companies are set to list on the exchanges in the upcoming week. Here’s a look at some key details of the mainboard and SME issues which are set to open for subscription in the upcoming week:
Euro Pratik Sales IPO
The initial public offer of Euro Pratik Sales will open for subscription on September 16 and close on September 18. Euro Pratik Sales IPO is worth Rs 451.31 crore. The issue consists of an offer-for-sale of 18.3 million shares.
Euro Pratik Sales IPO’s issue price has been fixed at Rs 235 to Rs 247 per share. Retail investors can bid for the service aggregator’s public issue by applying for at least 60 shares, which aggregates to an investment of Rs 14,820. The share allotment status of Euro Pratik Sales IPO will be finalised on September 19. Shares of Euro Pratik Sales IPO will be listed on the NSE and BSE. The tentative IPO listing date is September 23.
Euro Pratik Sales Ltd was incorporated in 2010, the company is engaged in the business of manufacturing decorative wall panels and decorative laminates.
VMS TMT IPO
VMS TMT IPO subscription window will remain open from September 17 to September 19. VMS TMT plans to raise Rs 148.5 crore via its public issue. VMS TMT IPO consists of a fresh issuance of 15 million shares.
VMS TMT IPO price band was fixed at Rs 94 to Rs 99 per share. Retail investors can apply for the public issue by placing bids for a minimum lot size of 150 shares, which aggregates to an investment of Rs 14,850.
The share allotment status of VMS TMT’s public issue is likely to be finalised on September 22. Shares of the Thermo Mechanically Treated (TMT) bar maker will list on the BSE and NSE. The tentative listing date is September 24.
VMS TMT Ltd was incorporated in 2013, the company a maker of Thermo Mechanically Treated Bars (TMT Bars). The company also deals in scrap and binding wires.
3 SME Issues To Open Next Week
The initial public offering of 3 SME companies is set to open for subscription in the week beginning September 15
TechD Cybersecurity IPO
The TechD Cybersecurity Ltd. IPO (TechD Cybersecurity Ltd. IPO) subscription window will remain open from September 15 to September 17. TechD Cybersecurity Ltd. plans to raise Rs 38.99 crore via its public issue, Which consists of a fresh issuance of 2 million shares. The TechD Cybersecurity IPO price was fixed at Rs 183 to Rs 193 per share. Shares of the cybersecurity company will be listed on the NSE SME platform. The tentative listing date for TechD Cybersecurity shares has been fixed as September 22.
Sampat Aluminium Ltd IPO
Sampat Aluminium IPO bidding window will remain open from September 17 to September 19. Sampat Aluminium IPO is worth Rs 30.53 crore. The aluminium rod maker’s public issue comprises a fresh issue of 2.5 million shares amounting to Rs 30.53 crore. Sampat Aluminium IPO price has been fixed at Rs 114 to Rs 120 per share. Shares of Sampat Aluminium Ltd will list on the BSE SME platform. The tentative listing date for Sampat Aluminium Ltd is September 24.
JD Cables IPO
JD Cables IPO bidding window will remain open from September 18 to September 22. JD Cables Ltd aims to raise Rs 95.99 crore via its public issue. The SME issue consists of a completely fresh issue of 5.6 million shares. JD Cables IPO price band has been fixed at Rs 144 to Rs 152 per share. Shares of JD Cables Ltd will be listed on the BSE SME platform with the tentative listing date set as September 25.
D-Street Debuts This Week
Shares of Vashishtha Luxury Fashion Ltd. will list on the BSE SME platform on September 15. On September 16, shares of Krupalu Metals Ltd, Nilachal Carbo Metalicks Ltd and Karbonsteel Engineering Ltd will list on the BSE SME platform. Shares of Taurian MPS Ltd will list on the NSE SME platform.
Shares of Urban Company Ltd, Dev Accelerator Ltd and Shringar House of Mangalsutra Ltd will make their D-street debut on the NSE and BSE on September 17. Shares of Jay Ambe Supermarkets Ltd will list on the BSE SME platform, and Galaxy Medicare shares will list on the NSE SME on September 17.
Shares of Airfloa Rail Technology Ltd will list on the BSE SME platform on September 18, and shares of L.T. Elevator Ltd will list on the BSE SME platform on September 19.
