Week Ahead: Primary Market Braces for Surge with 8 IPOs and 7 New Listings
Introduction
The primary market, often considered the lifeblood of the financial ecosystem, is poised for a dynamic week ahead with the impending arrival of 8 initial public offerings (IPOs) and 7 new listings. This influx of new opportunities not only underscores the resilience of the market but also reflects a broader trend of companies seeking to tap into public capital to fuel growth and innovation. As investors eagerly await the unveiling of these new offerings, anticipation runs high for the potential winners and the opportunities they may present in a landscape shaped by evolving market dynamics and investor sentiment.
During the previous week, the primary market witnessed the initiation of bidding for IPOs from JG Chemicals Ltd, RK Swamy Ltd, Mukka Proteins, Sona Machinery, and VR Infraspace.
Upcoming IPOs: Subscription Opening Next Week
The IPO for Popular Vehicles & Services is scheduled to open for subscription on March 12, 2024, and will conclude on March 14, 2024. What does this book-built issue amount to? 601.55 crores and comprises a fresh issue of 0.85 crore shares, totalling? 250.00 crores, alongside an offer for sale of 1.19 crore shares, aggregating to? 351.55 crores.
The price band for the Popular Vehicles & Services IPO has been established at? 280 to? 295 per share. ICICI Securities Limited, Nuvama Wealth Management Limited, and Centrum Capital Limited have been appointed as the book-running lead managers for the IPO, while Link Intime India Private Ltd will serve as the registrar for the issue.
The subscription for the Krystal Integrated Services IPO commences on March 14, 2024, and concludes on March 18, 2024. The IPO is a book-built issue and comprises of fresh issue of? 175 crore and an offer for sale of 0.18 crore per share.
The price band for the Krystal Integrated Services IPO is yet to be announced. Inga Ventures Pvt Ltd has been appointed as the book-running lead manager for the IPO, with Link Intime India Private Ltd serving as the registrar for the issue.
Pratham EPC Projects IPO is scheduled to open for subscription from March 11, 2024, to March 13, 2024. What does this book-built issue amount to? 36 crores and consists entirely of a fresh issue of 48 lakh shares, offering investors an opportunity to participate in the company's growth prospects.
The IPO price band for Pratham EPC Projects has been set at? 71 to? 75 per share. Beeline Capital Advisors Pvt Ltd has been appointed as the book-running lead manager for the IPO, while Link Intime India Private Ltd will serve as the registrar for the issue. Additionally, Spread X Securities has been designated as the market maker for the Pratham EPC Projects IPO, adding further depth to the trading dynamics of the offering.
The Royal Sense IPO subscription period begins on March 12, 2024, and ends on March 14, 2024. This SME IPO, valued at 9.86 crores, is a fixed price issue consisting entirely of a fresh issue of 14.5 lakh shares.
The price per share for the Royal Sense IPO has been set at? 68. This offering is overseen by Expert Global Consultants Private Limited as the book-running lead manager, with Bigshare Services Pvt Ltd serving as the registrar for the issue.
As investors consider participation in the Royal Sense IPO, they will closely monitor its progress under the management of Expert Global Consultants Private Limited and the registrarship handled by Bigshare Services Pvt Ltd.
The Signoria Creation IPO is scheduled to open for subscription on March 12, 2024, and will close on March 14, 2024. This SME IPO is structured as a book-built issue, with a total value of? 9.28 crores and consisting entirely of a fresh issue of 14.28 lakh shares. Investors will have the opportunity to participate in this offering during the subscription period, evaluating its potential for growth and returns in the market.
The price band for the Signoria Creation IPO has been established at? 61 to? 65 per share. Holani Consultants Private Limited has been appointed as the book-running lead manager for the IPO, with Bigshare Services Pvt Ltd serving as the registrar for the issue. Additionally, Holani Consultants will act as the market maker for the Signoria Creation IPO, facilitating liquidity and market efficiency for investors.
The AVP Infracon IPO is slated to open for subscription from March 13, 2024, until March 15, 2024. This IPO, structured as a book-built issue, amounts to? 52.34 crores and comprises solely a fresh issue of 69.79 lakh shares. Investors will have the opportunity to participate in this offering during the subscription window, assessing its potential for growth and value in the market.
The AVP Infracon IPO has set its price band at? 71 to? 75 per share. Share India Capital Services Private Limited has been appointed as the book-running lead manager for the IPO, with Purva Sharegistry India Pvt Ltd acting as the registrar for the issue. Additionally, Share India Securities will serve as the market maker for the AVP Infracon IPO, contributing to liquidity and market efficiency for investors.
The Enfuse Solutions IPO is set to open for subscription on March 15, 2024, and will remain open until March 19, 2024. This offering, structured as a book-built issue, consists entirely of a fresh issue of 23.38 lakh shares, providing investors with the opportunity to subscribe to new shares during the specified timeframe.
The price band for the Enfuse Solutions IPO has yet to be announced. Hem Securities Limited has been designated as the book-running lead manager for the Enfuse Solutions IPO, while Bigshare Services Pvt Ltd has been appointed as the registrar for the issue. Investors await further details regarding the price band as they consider participation in this upcoming offering.
The subscription for the KP Green Engineering IPO begins on March 15, 2024, and concludes on March 19, 2024. The SME IPO is a book-built issue of ? 189.50 crores. The issue is entirely a fresh issue of 131.6 lakh shares.
The KP Green Engineering IPO has established its price band at? 137 to? 144 per share. Beeline Capital Advisors Pvt Ltd has been designated as the book-running lead manager for the IPO, with Bigshare Services Pvt Ltd appointed as the registrar for the issue. Additionally, Spread X Securities will serve as the market maker for the KP Green Engineering IPO, enhancing liquidity and market efficiency for investors.
Upcoming New Listings Set to Debut Next Week
Conclusion
In conclusion, the primary market is poised for a surge in activity this week, with 8 IPOs and 9 new listings set to energize trading activity. As investors and market participants gear up for the influx of new offerings, they must exercise caution and diligence in their investment decisions, mindful of the opportunities and risks that accompany market expansion. With careful navigation and prudent risk management, investors can capitalize on the myriad opportunities presented by the vibrant primary market landscape.
Disclaimer: The views and recommendations above are those of individual analysts, experts and broking companies, not of White Code Legal International. Investors are advised to consult certified experts before making any investment decisions.
