The upcoming week in the primary market is poised for a moment of respite, as no new initial public offerings (IPOs) are slated to debut in the mainboard segment. Instead, investors will witness the launch of only three new public issues available for subscription, following a notably hectic period.
In the previous week, attention was drawn to the opening of two mainboard IPOs: Popular Vehicles & Services and Krystal Integrated Services, with the collective aim of raising ₹901 crores. Concurrently, investors saw the listing of three companies – R K SWAMY, JG Chemical, and Gopal Snacks – adding to the market’s activity.
Key IPOs to watch this week
Enser Communications
Enser Communications IPO commenced its subscription period on March 15, 2024, and is scheduled to conclude on March 19, 2024. This SME IPO offers a fixed price issue amounting to Rs 16.17 crores, encompassing entirely fresh shares totaling 23.1 lakh. The IPO has been priced at Rs 70 per share.
Fast Track Finsec Pvt Ltd takes the helm as the book running lead manager of the Enser Communications IPO, while Skyline Financial Services Private Ltd assumes the role of registrar for the issue. B.N. Rathi Securities has been appointed as the market maker for this offering.
KP Green Engineering IPO
The subscription window for the KP Green Engineering IPO opened on March 15, 2024, and is slated to close on March 19, 2024. This IPO constitutes a book built issue valued at Rs 189.50 crores, comprising entirely fresh shares totaling 131.6 lakh.
The price band for the KP Green Engineering IPO has been set at Rs 137 to Rs 144 per share. Managing the offering as the book running lead manager is Beeline Capital Advisors Pvt Ltd, while Bigshare Services Pvt Ltd has been appointed as the registrar. Spread X Securities has been designated as the market maker for the KP Green Engineering IPO.
Enfuse Solutions IPO
The Enfuse Solutions IPO commenced its subscription period on March 15, 2024, and is scheduled to close on March 19, 2024. This IPO represents a book built issue valued at Rs 22.44 crores, comprising entirely fresh shares totaling 23.38 lakh.
Priced in the range of Rs 91 to Rs 96 per share, the Enfuse Solutions IPO offers investors a diverse pricing band. Hem Securities Limited leads the offering as the book running lead manager, with Bigshare Services Pvt Ltd serving as the registrar. Hem Finlease has been appointed as the market maker for this IPO.
Chatha Foods IPO
The subscription for the Chatha Foods IPO commences on March 19, 2024, and concludes on March 21, 2024. This SME IPO represents a book built issue valued at Rs 34 crores, with the entire offering comprising 59.62 lakh fresh shares.
With a price band set between Rs 53 to Rs 56 per share, the Chatha Foods IPO provides investors with a range of options to consider. Indorient Financial Services Ltd takes charge as the book running lead manager, while Skyline Financial Services Private Ltd is designated as the registrar for the issue. Alacrity Securities has been appointed as the market maker for the Chatha Foods IPO.
Omfurn India FPO
The Omfurn India FPO subscription period commences on March 20, 2024, and concludes on March 22, 2024. This SME IPO constitutes a book built issue valued at Rs 27 crores, with the entire offering consisting of 36 lakh fresh shares.
With a price band set at Rs 71 to Rs 75 per share, investors have a defined range to consider for the Omfurn India FPO. Gretex Corporate Services Limited assumes the role of the book running lead manager, while Bigshare Services Pvt Ltd is appointed as the registrar for the issue. Gretex Share Broking has been designated as the market maker for the Omfurn India FPO.
Vishwas Agri Seeds IPO
The Vishwas Agri Seeds IPO subscription period commences on March 21, 2024, and concludes on March 26, 2024. This fixed price issue amounts to Rs 25.80 crores, comprising entirely fresh shares totaling 30 lakh.
Priced at Rs 86 per share, the Vishwas Agri Seeds IPO offers investors a specific price point within the defined price band. Managing the offering as the book running lead manager is Isk Advisors Pvt Ltd, while Bigshare Services Pvt Ltd serves as the registrar for the issue. Sunflower Broking has been appointed as the market maker for the Vishwas Agri Seeds IPO.
New Listings this week –
Pratham EPC Projects IPO
The allotment process for Pratham EPC Projects IPO was finalized on Thursday, March 14, 2024. Investors can expect its listing on the NSE SME platform on March 18, 2024.
Royal Sense IPO
Following the allotment finalization on Friday, March 15, 2024, the Royal Sense IPO is scheduled to be listed on the BSE SME platform on Tuesday, March 19, 2024.
Popular Vehicles & Services IPO
With its allotment concluded on March 15, 2024, the Popular Vehicles & Services IPO is slated for listing on both the BSE and NSE platforms on Tuesday, March 19, 2024.
Signoria Creation IPO
Investors can anticipate the listing of Signoria Creation IPO on the NSE SME platform on Tuesday, March 19, 2024, following the allotment finalization on March 15, 2024.
AVP Infracon IPO
The allotment for AVP Infracon IPO is expected to be finalized on Monday, March 18, 2024. Subsequently, the IPO is set to be listed on the NSE SME platform on Wednesday, March 20, 2024.
Krystal Integrated Services IPO
Allotment is anticipated to be completed by Tuesday, March 19, 2024. The IPO is slated to be listed on both BSE and NSE, with a tentative listing date set for Thursday, March 21, 2024.
Enser Communications IPO
Allotment is projected to be finalized by Wednesday, March 20, 2024. The IPO is scheduled to be listed on NSE SME, with a tentative listing date set for Friday, March 22, 2024.
Enfuse Solutions IPO
Allotment is expected to be concluded by Wednesday, March 20, 2024. The IPO is set to be listed on NSE SME, with a tentative listing date fixed for Friday, March 22, 2024.
KP Green Engineering IPO
Allotment is estimated to be completed by Wednesday, March 20, 2024. The IPO is intended to be listed on BSE SME, with a tentative listing date set for Friday, March 22, 2024.