The upcoming week is poised for market excitement with thirteen initial public offerings (IPOs) set to open for subscription. This includes one in the mainboard segment and twelve in the small and medium enterprise (SME) sector, revitalizing the primary market with new opportunities.
Anticipation is high for continued IPO activity in the next fiscal year, with bigger transactions expected. With general elections approaching, investors show eagerness to invest in the stock market, particularly favoring companies with strong fundamentals and solid business models.
Here’s a list of IPOs which will open for subscription next week
Here’s A List Of Upcoming IPOs Which Will Open For Subscription Next Week
- SRM Contractors IPO
- GConnect Logitech IPO
- Aspire & Innovative IPO
- Blue Pebble IPO
- Vruddhi Engineering Works IPO
- Trust Fintech IPO
- TAC Infosec IPO
- Radiowalla IPO
- Yash Optics & Lens IPO
- K2 Infragen IPO
- Jay Kailash Namkeen IPO
- Creative Graphics Solutions India IPO
- Aluwind Architectural IPO
SRM Contractors IPO
SRM Contractors IPO, open from March 26 to March 28, 2024, offers shares at a face value of ₹10 each, within a price band of ₹200 to ₹210. The issue size totals 6,200,000 shares, amounting to ₹130.20 Cr. It’s a fresh issue of the same number of shares, structured as a Book Built Issue IPO.
GConnect Logitech IPO
The GConnect Logitech IPO, an SME fixed price issue worth ₹5.60 crores, opens from March 26 to March 28, 2024. It’s entirely a fresh issue comprising 14.01 lakh shares, priced at ₹40 each. Fedex Securities Pvt Ltd leads the book running, with Kfin Technologies Limited as the registrar and Aftertrade Share Broking as the market maker.
Aspire & Innovative IPO
The Aspire & Innovative IPO, scheduled for March 26-28, 2024, is a book-built issue aiming to raise ₹21.97 crores. It’s a fresh issue, offering 40.68 lakh shares with a price band of ₹51 to ₹54 per share. Hem Securities Limited manages the book, Bigshare Services Pvt Ltd is the registrar, and Hem Finlease is the market maker.
Blue Pebble IPO
The Blue Pebble IPO, open from March 26 to 28, 2024, is a book-built issue aiming to raise ₹18.14 crores through a fresh issue of 10.8 lakh shares. The price band is set at ₹159 to ₹168 per share. Hem Securities Limited oversees the book running, with Bigshare Services Pvt Ltd as the registrar and Hem Finlease as the market maker.
Vruddhi Engineering Works IPO
The Vruddhi Engineering Works IPO, set to open from March 26 to March 28, 2024, is a book-built issue targeting ₹4.76 crores through a fresh issue of 6.8 lakh shares. The shares are priced between ₹66 to ₹70 each. Fedex Securities Pvt Ltd is managing the book running, with Bigshare Services Pvt Ltd appointed as the registrar.
Trust Fintech IPO
The Trust Fintech IPO, available from March 26 to 28, 2024, is a book-built issue aiming to raise ₹63.45 crores by offering a fresh issue of 62.82 lakh shares. Priced between ₹95 to ₹101 per share, it’s managed by Corporate Capital Ventures Pvt Ltd. Bigshare Services Pvt Ltd serves as the registrar, with Ss Corporate Securities as the market maker.
TAC Infosec IPO
The TAC Infosec IPO, an SME book-built issue, opens on March 27 and closes on April 2, 2024. Aiming to raise ₹29.99 crores, it’s solely a fresh issue of 28.3 lakh shares, with a price range of ₹100 to ₹106 each. Beeline Capital Advisors Pvt Ltd manages the book running, Skyline Financial Services Private Ltd is the registrar, and Spread X Securities acts as the market maker.
Radiowalla IPO
The Radiowalla IPO, scheduled from March 27 to April 2, 2024, is a book-built issue aiming to raise ₹14.25 crores through a fresh issue of 18.75 lakh shares. With a price band of ₹72 to ₹76 per share, Narnolia Financial Services Ltd is leading the book running. Maashitla Securities Private Limited acts as the registrar, and Ss Corporate Securities is the market maker.
Yash Optics & Lens IPO
The Yash Optics & Lens IPO, an SME book-built issue, opens for subscription on March 27 and will close on April 3, 2024. It aims to raise ₹53.15 crores through an entirely fresh issue of 65.62 lakh shares, priced between ₹75 to ₹81 per share. Shreni Shares Limited manages the book running, with Bigshare Services Pvt Ltd as the registrar and Rikhav Securities as the market maker.
K2 Infragen IPO
The K2 Infragen IPO, an SME book-built issue, is scheduled to open for subscription from March 28 to April 3, 2024. It aims to raise ₹40.54 crores through a fresh issue of 34.07 lakh shares, with a price band of ₹111 to ₹119 per share. Expert Global Consultants Private Limited is managing the book running, Kfin Technologies Limited is the registrar, and Rikhav Securities is the market maker.
Jay Kailash Namkeen IPO
The Jay Kailash Namkeen IPO, a book-built issue, opens for subscription on March 28 and closes on April 3, 2024. Seeking to raise ₹11.93 crores, it offers a fresh issue of 16.34 lakh shares, priced between ₹70 to ₹73 per share. Expert Global Consultants Private Limited serves as the book running lead manager, with Skyline Financial Services Private Ltd as the registrar and Rikhav Securities as the market maker.
Creative Graphics Solutions India IPO
The Creative Graphics Solutions India IPO, opening on March 28 and closing on April 4, 2024, is an SME book-built issue aiming to raise ₹54.40 crores. It’s a fresh issue of 64 lakh shares, with a price band of ₹80 to ₹85 per share. Corporate Capital Ventures Pvt Ltd manages the book running, Bigshare Services Pvt Ltd is the registrar, and Ss Corporate Securities is the market maker.
Aluwind Architectural IPO
The Aluwind Architectural IPO, an SME fixed price issue, opens on March 28 and concludes on April 4, 2024. It seeks to raise ₹29.70 crores through a fresh issue of 66 lakh shares, each priced at ₹45. Corpwis Advisors Private Limited is the book running lead manager, with Skyline Financial Services Private Ltd as the registrar and Nnm Securities as the market maker.
