India’s IPO market thrives with seven new offerings next week, driven by positive investor outlook, strong economic conditions, and expectations of lower inflation and rate cuts in 2024.
Next week promises to be eventful for the Indian stock market with the launch of seven initial public offerings (IPOs) on Dalal Street. The lineup features notable names such as Popular Vehicles and Krystal Integrated, Pratham EPC, Signoria Creations, Royal Sense, AVP Infracon, and KP Green Engineering.
Below is the overview of the IPOs scheduled for this week:
Popular Vehicles
Popular Vehicles and Services is gearing up to open its IPO on Tuesday, March 12, with the subscription window closing on March 14. The set price band for the IPO is between ₹280-295. Through this offering, the company aims to raise ₹605 crore, comprising a ₹250 crore fresh issue and the remaining amount through an offer for sale.
Krystal Integrated
Krystal Integrated Services announces its first mainboard IPO for March 14-18, aiming to raise ₹175 crore through a fresh issue, alongside an offer for sale of up to 1.75 million ₹10 face value shares. This marks an important financial milestone for the company.
Pratham EPC
Pratham EPC is all set to launch its Initial Public Offering (IPO) from March 11, 2024, to March 13, 2024. The offering is priced with a face value of ₹10 per share, and the price band is set between ₹71 and ₹75 per share. Investors interested in this IPO can bid for a minimum of 1600 shares. The total issue size is fixed at 4,800,000 shares, all of which are part of a fresh issue.
AVP Infracon
AVP Infracon is poised to launch its Initial Public Offering (IPO) from March 13, 2024, to March 15, 2024. Each share in this IPO holds a face value of ₹10, with the price band ranging from ₹71 to ₹75 per share. For investors looking to participate, the minimum bid size is set at 1600 shares. The total size of the IPO is an ambitious 6,979,200 shares, all of which are being offered as a fresh issue. This presents a significant opportunity for investors to contribute to AVP Infracon’s growth trajectory in the market.
Royal Sense
Royal Sense is slated to launch its Initial Public Offering (IPO) on March 12, 2024, with the offering concluding on March 14, 2024. The IPO is set with a face value of ₹10 per share, and the company has priced its shares at ₹68 each. For those looking to invest, the lot size is 2000 shares. The total size of this offering is 1,450,000 shares, all categorised as a fresh issue.
Signoria Creation
Signoria Creation is set to make its entry into the stock market with an Initial Public Offering (IPO) scheduled from March 12, 2024, to March 14, 2024. The shares are offered with a face value of ₹10 each, within a price band of ₹61 to ₹65 per share. Investors interested in this IPO can bid for lots of 2000 shares. The total issue comprises 1,428,000 shares, all under the category of a fresh issue.
KP Green Engineering
KP Green Engineering is poised to launch Dalal Street’s largest SME IPO on March 15. This significant offering, which includes 1,31,60,000 equity shares, is set to close on March 19, following an anchor book opening on March 14. With a goal to raise Rs 189.5 crore at the upper price band, the IPO consists solely of a fresh issue, omitting any offer-for-sale component, and is priced between Rs 137-144 per share.
