After the resounding success of Bharti Hexacom’s mega IPO, the primary market gears up for another eventful week.
While there are no new mainboard IPOs in the pipeline, the small and medium enterprises (SMEs) segment promises action with three exciting public issues slated for launch.
Recap of Last Week: Bharti Hexacom Leads the Charge
Bharti Hexacom’s IPO, aiming to raise ₹4,275 crore, garnered overwhelming demand, subscribing over 30 times.
This robust response underscores the investor confidence and sets a positive tone for upcoming listings.
Insights from Market Experts
Mahavir Lunawat, Managing Director at Pantomath Capital Advisors Pvt. Ltd., highlights the optimism prevailing in the primary market, fueled by the drive to unlock value.
With a bullish outlook on India’s growth story, the market anticipates a surge in top-notch investments, keeping the IPO frenzy alive.
Upcoming SME IPOs for Subscription
Teerth Gopicon IPO:
Subscription Dates: April 8, 2024, to April 10, 2024
- Issue Size: ₹44.40 crore (Fresh Issue of 40 lakh shares)
- Price Band: ₹111 per share
- Lead Manager: Interactive Financial Services Ltd
- Registrar: Bigshare Services Pvt Ltd
Market Maker: Giriraj Stock Broking
DCG Cables & Wires IPO:
Subscription Dates: April 8, 2024, to April 10, 2024
- Issue Size: ₹49.99 crore (Fresh Issue of 49.99 lakh shares)
- Price Band: ₹100 per share
- Lead Manager: Interactive Financial Services Ltd
- Registrar: Bigshare Services Pvt Ltd
Market Maker: Nikunj Stock Brokers
Greenhitech Ventures IPO:
Subscription Dates: April 12, 2024, to April 16, 2024
- Issue Size: ₹6.30 crore (Fresh Issue of 12.6 lakh shares)
- Price: ₹50 per share
- Lead Manager: Beeline Capital Advisors Pvt Ltd
- Registrar: Skyline Financial Services Private Ltd
Market Maker: Spread X Securities
New Listings in the Pipeline
Bharti Hexacom IPO: Tentatively listed on BSE and NSE on April 12, 2024.
Aluwind Architectural IPO: Scheduled for listing on NSE SME on April 9, 2024.
Creative Graphics Solutions India IPO: Also set to list on NSE SME on April 9, 2024.
Jay Kailash Namkeen IPO: Listing on BSE SME expected on April 8, 2024.
K2 Infragen IPO: Set for listing on NSE SME on April 8, 2024.
Yash Optics & Lens IPO: Scheduled to be listed on NSE SME on April 8, 2024.
The primary market continues to offer diverse investment avenues, presenting investors with ample opportunities to participate in India’s growth trajectory.
Stay tuned for the latest updates and developments in the IPO space!
