There will be a single initial public offering (IPO) in the mainboard segment, with five companies scheduled to make their debut on the stock exchanges. On the other hand, the SME segment will witness three IPOs available for subscription, along with four corporations making their first appearance.
Despite the volatility and consolidation in the secondary markets, the primary market continues to exhibit a strong mood. This is evident as four IPOs are poised to enter Dalal Street with a fundraising plan of Rs 237 crore. Additionally, nine companies are scheduled to make their debut on the bourses in the upcoming week starting from February 12.
Within the mainboard segment, there will be only one IPO, along with five companies scheduled to make their debut on the bourses. On the other hand, the SME segment will witness three IPOs opening for subscription, accompanied by four corporates making their debut.
Thaai Casting IPO
The Chennai-based corporation is set to launch its inaugural public offering for subscription from February 15 to February 19. The initial public offering consists solely of a new issue of 61.3 million equity shares. With the aim of raising Rs 47.2 crore, the company plans to utilize the funds for capital expenditure and general corporate purposes.
Kalahridhaan Trendz IPO
The upcoming IPO next week will mark the end of the IPO season, as a textile company plans to release 49.98 lakh equity shares to the public on February 15. Interested investors have until February 20 to place their bids. This IPO is valued at Rs 22.49 crore, with each share priced at Rs 45. The textile company intends to utilize the funds raised from the IPO for working capital requirements and general corporate purposes.
In addition, Alpex Solar, a solar panels maker, and Rudra Gas Enterprise, based in Ahmedabad and involved in pipeline projects for city gas distribution, will be concluding their public issues on February 12. The last date for Polysil Irrigation Systems IPO will be February 13.
Moving on to the mainboard segment, Entero Healthcare Solutions, a healthcare products distribution company, will be closing its initial public offering worth Rs 1,600 crore on February 13.
Wise Travel India IPOs
The car rental and transportation services provider is set to be the inaugural company among four to launch a public offering of 64.41 lakh equity shares on February 12th. Bidding for the shares will conclude on February 14th.
The transport company plans to generate Rs 94.68 crore through its initial public offering, which solely comprises of a new issue. The funds raised from the IPO will primarily be utilized for meeting working capital needs, in addition to general corporate objectives and expenses related to the offering.
The offer price range is set at Rs 140-147 per share.
Listings
Apeejay Surrendra Park Hotels, a hotel chain based in Kolkata, will become the first company from the mainboard segment to make its debut on the stock exchanges on February 12. The company’s initial public offering (IPO) worth Rs 920 crore was oversubscribed 59.66 times during the period of February 5-7.
On February 14, Rashi Peripherals, a distributor of information and communication technology products, along with Jana Small Finance Bank and Capital Small Finance Bank, will list their equity shares on both the BSE and NSE. Additionally, Entero Healthcare Solutions shares will be available for trading on the exchanges starting from February 16.
During the period of February 7-9, the IPO of Rashi Peripherals was oversubscribed 59.71 times, while the IPOs of Jana Small Finance Bank and Capital Small Finance Bank were oversubscribed 18.5 times and 4 times respectively.
In the grey market, shares of Park Hotels were traded at a premium of approximately 23 percent over the issue price of Rs 155 per share. Similarly, Rashi Peripherals and Jana Small Finance Bank shares were available at premiums of around 25 percent and 10 percent respectively, based on their upper price bands of Rs 311 and Rs 414 per share. However, the IPO of Capital Small Finance Bank saw a more modest premium of 4-5 percent, according to market observers.