Following an active week in the primary market, the current week is expected to provide a moment of relief, with attention focused on the initiation of eight IPOs – one on the mainboard and seven in the SME segment.
Despite the apparent lull, the financial landscape is poised for a surge in listings, as five IPOs are slated for the mainboard segment. Notably, the preceding week witnessed the opening and subsequent closure of three IPOs by Rashi Peripherals, Jana SFB, and Capital SFB.
“The IPO market has been in a frenzy. Many listings have made bumper gains. The market now appears to be in a consolidation phase, and investors should be cautious. This time, it is crucial to calculate the risk-reward before applying for an IPO,” said Atul Parakh, CEO of Bigul
Neeraj Chopra bags second position in Lausanne Diamond League, says “feeling wasn’t great at first” Bilasipara – Guwahati Road, Bihta airport’s new civil enclave among infra projects evaluated under PM GatiShakti – Details inside Is the world preparing for a voice search surge? Hiring activity up 11% in July on positive momentum: Report
Parakh, also added, that the context of the Vibhor Steel Tubes IPO and looking at current market environment, companies from sectors like infrastructure, construction, oil & gas could be intriguing. It can potentially offer a good investment opportunity.
Here’s a list of key IPOs which will be available for subscription this week –
Vibhor Steel Tubes IPO
Vibhor Steel Tubes’ IPO is scheduled to open for subscription on February 13, 2024, and will close on February 15, 2024. It represents a book-built issue of Rs 72.17 crores, entirely comprising a fresh issue.
Also Read
The IPO’s price band is set at Rs 141 to Rs 151 per share. The book running lead manager is Khambatta Securities Limited, with Kfin Technologies Limited serving as the registrar.
Rudra Gas Enterprise IPO
Rudra Gas Enterprise’s IPO opened for subscription on February 8, 2024, and is set to conclude on February 12, 2024. This fixed-price issue amounts to Rs 14.16 crores and consists entirely of a fresh issue of 22.48 lakh shares, priced at Rs 63 per share. Beeline Capital Advisors Pvt Ltd is the book running lead manager, and the registrar for the issue is Link Intime India Private Ltd.
Wise Travel India (WTI Cabs IPO)
Wise Travel India’s IPO, operating under the banner of WTI Cabs, is scheduled to open for subscription on February 12, 2024, and will close on February 14, 2024. Classified as an SME IPO, it is a book-built issue of Rs 94.68 crores, entirely constituting a fresh issue of 64.41 lakh shares.
The price band for WTI Cabs IPO is set between Rs 140 to Rs 147 per share. Share India Capital Services Private Limited serves as the book running lead manager, and Beetal Financial & Computer Services (P) Limited is the registrar.
Thaai Casting IPO
Thaai Casting’s IPO is set to open for subscription on February 15, 2024, and will conclude on February 19, 2024. Classified as an SME IPO, it constitutes a book-built issue of 61.3 lakh shares, entirely comprising a fresh issue. The price band for this IPO is yet to be announced. GYR Capital Advisors Private Limited is the book running lead manager, and Purva Sharegistry India Pvt Ltd is the registrar.
Polysil Irrigation Systems IPO
Polysil Irrigation Systems’ IPO, open for subscription from February 8, 2024, to February 13, 2024, is a fixed-price issue of Rs 17.44 crores. It is a combination of a fresh issue of 14.44 lakh shares amounting to Rs 7.80 crores and an offer for sale of 17.85 lakh shares aggregating to Rs 9.64 crores. The IPO price is set at Rs 54 per share. Fedex Securities Pvt Ltd is the book running lead manager, and the registrar is Bigshare Services Pvt Ltd.
Kalahridhaan Trendz IPO
Kalahridhaan Trendz IPO is scheduled to open for subscription on February 15, 2024, and will close on February 20, 2024. This fixed-price issue amounts to Rs 22.49 crores, constituting an entirely fresh issue of 49.98 lakh shares, each priced at Rs 45. The book running lead manager is Interactive Financial Services Ltd, and Bigshare Services Pvt Ltd serves as the registrar.
Entero Healthcare Solutions IPO
Entero Healthcare Solutions’ IPO opened for subscription on February 9, 2024, and will close on February 13, 2024. Representing a book-built issue of Rs 1,600 crores, it comprises a combination of a fresh issue of 0.79 crore shares aggregating to Rs 1,000 crores and an offer for sale of 0.48 crore shares aggregating to Rs 600 crores.
Also Read
The price band for this IPO is set at Rs 1195 to Rs 1258 per share. The book running lead managers include ICICI Securities Limited, Dam Capital Advisors Ltd, Jefferies India Private Limited, Jm Financial Limited, and SBI Capital Markets Limited, with Link Intime India Private Ltd serving as the registrar.
Alpex Solar Limited IPO
Alpex Solar Limited’s IPO, which opened for subscription on February 8, 2024, will close on February 12, 2024. Classified as an SME IPO, it is a book-built issue of Rs 74 crores, constituting an entirely fresh issue of 64.8 lakh shares.
The price band for this IPO is set at Rs 109 to Rs 115 per share. The book running lead manager is Corporate Capitalventures Pvt Ltd, and the registrar is Skyline Financial Services Private Ltd.
