Active Week Ahead: Vodafone Idea's ₹18K Cr FPO and Two SME IPOs Set to LaunchActive Week Ahead: Vodafone Idea's ₹18K Cr FPO and Two SME IPOs Set to Launch

Next week, while no mainboard IPOs are planned, the primary market stays active with two SME public issues and one FPO set for subscription. This shows a bustling period for the small and medium enterprises segment despite a quieter phase for larger IPOs.

This week, the Indian stock market sees Vodafone Idea launching an ₹18,000 crore FPO to address its debts. Concurrently, SMEs Ramdev Baba Solvent and Grill Splendour Services are preparing to open their IPOs, diversifying the investment opportunities available in the market.

Here’s a list of IPOs which will open for subscription next week:

Vodafone Idea FPO

The Vodafone Idea FPO, aiming to raise ₹18,000 crore, opens April 18 and closes April 22, 2024. Priced at ₹10-11 per share, it’s managed by Axis Capital, Jefferies India, and SBI Capital Markets, with Link Intime India as the registrar.

Grill Splendour Services IPO (Birdy’s IPO)

Birdy’s IPO, managed by Inventure Merchant Banker Services, opens April 15 and closes April 18, 2024. It’s a fixed price offering aiming to raise ₹16.47 crores through 13.73 lakh shares at ₹120 each. Bigshare Services acts as registrar, with Rikhav Securities as market maker.

Ramdevbaba Solvent IPO

The Ramdeobaba Solvent IPO, managed by Choice Capital Advisors, opens on April 15 and concludes on April 18, 2024. This SME book-built issue aims to raise ₹50.27 crores by offering 59.14 lakh shares at a price of ₹80-85 each. Bigshare Services is the registrar, with Choice Equity Broking as the market maker.