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Feb 2024 IPO Wave: Apeejay, Capital & Jana Banks, Rashi, Alpex Solar Hit Market

Upcoming IPOs in February 2024 include significant mainline offerings from Apeejay Surrendra Park, Capital Small Finance Bank, Jana Small Finance Bank, and Rashi Peripherals, as well as the SME IPO of Alpex Solar, marking a bustling period for the primary market.
Feb 2024 IPO Wave: Apeejay, Capital & Jana Banks, Rashi, Alpex Solar Hit Market

IPOs this week in February 2024 are drawing significant attention in the primary market, featuring prominent mainline offerings from Apeejay Surrendra Park, Capital Small Finance Bank, Jana Small Finance Bank, and Rashi Peripherals, in addition to the SME IPO from Alpex Solar.

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Apply Now: Feb IPOs 2024

Capital Small Finance Bank IPO

Capital Small Finance Bank is opening its IPO for subscription from February 7 to February 9, 2024, with a price range of Rs 445 to Rs 468 per share. It aims to garner Rs 523.07 crore through this offering. The IPO includes a fresh issue of approximately 0.96 crore shares totaling Rs 450 crore and an offer for sale (OFS) of about 0.16 crore shares amounting to Rs 73.07 crore. The subscription requires a minimum of 32 shares per bid, making it the smallest investment for retail investors at Rs 14,976. Share allotment is anticipated on February 12, with demat account crediting on February 13 and stock market debut on February 14, 2024.

Apeejay Surrendra Park IPO

Apeejay Surrendra Park Hotels is set to open its IPO on February 5, closing on February 7, 2024, with a share price range of Rs 147 to Rs 155. The company plans to raise Rs 920 crore, consisting of a fresh issue worth Rs 600 crore and an OFS of Rs 320 crore by the promoters. Before the public issue, it secured Rs 409.50 crore from anchor investors. The minimum bid is for 96 shares, equating to a retail investment of Rs 14,880. The shares are expected to be allotted by February 8, credited by February 9, and listed on the stock exchange by February 12, 2024.

Read More: Apeejay Surrendra Park IPO

Jana Small Finance Bank IPO

Jana Small Finance Bank’s IPO is scheduled from February 7 to February 9, 2024, with a price band of Rs 393 to Rs 414 per share. The offering comprises a fresh issue of around 13.77 million shares to raise Rs 570 crore and an OFS of about 11.16 million shares for Rs 462 crore. Minimum bids start at 36 shares, with the least retail investment pegged at Rs 14,904. Share allotment is expected on February 12, with demat account crediting on February 13 and listing on the stock exchange on February 14, 2024.

Rashi Peripherals IPO

Rashi Peripherals is launching its IPO from February 7 to February 9, 2024, with a price range of Rs 295 to Rs 311 per share. The IPO is a fresh issue of around 19.29 million shares, aiming to raise Rs 600 crore. Investors must bid for at least 48 shares, translating into a minimum retail investment of Rs 14,928. The shares are slated for allotment on February 12, with the Demat account crediting on February 13 and a market debut on February 14, 2024.

Read More: Rashi Peripherals IPO

Alpex Solar IPO

Alpex Solar, an SME IPO, is open for subscription from February 8 to February 12, 2024, with a share price band of Rs 109 to Rs 115. The offering is a fresh issue of 6.48 million shares, seeking to raise Rs 74.52 crore. The minimum bid is set at 1,200 shares, making the smallest investment for retail investors Rs 1,38,000. Shares are expected to be allotted on February 13, credited to demat accounts on February 14, and listed on the NSE SME on February 15, 2024.

Read More: Alpex Solar IPO

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ग्रीन एनर्जी स्टॉक ने SECI नीलामी में 500 MW सोलर प्रोजेक्ट जीता, स्वच्छ ऊर्जा लक्ष्यों को समर्थन दिया।

ग्रीन एनर्जी स्टॉक में 5% की बढ़त, सोलर पावर प्रोजेक्ट्स और एनर्जी स्टोरेज सिस्टम्स के लिए ऑर्डर मिलने के बाद।

ग्रीन एनर्जी स्टॉक ने SECI की नीलामी में 500 MW सोलर प्रोजेक्ट जीता, जिससे नवीकरणीय ऊर्जा विस्तार को बल मिला