Upcoming IPOs Calendar FULL LIST: As many as four companies are set to launch their initial public offerings next week to collectively raise a whopping Rs 750 crore. Of these, one will be a mainboard IPO while the SME segment will see three issues opening next week for subscription.
Analysts are hopeful about the public issues scheduled for the remainder of the year. In a note, Mahavir Lunawat, Managing Director, Pantomath Capital said, “Despite a slow start at the beginning of the new financial year, we are exceedingly optimistic about the initial public offerings scheduled for the remainder of the year.”
This optimism is fueled by a confluence of factors, including the surge in domestic capital, enhanced governance practices, the vibrant spirit of Indian entrepreneurship, and favorable government policies bolstered by FDI support.
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Upcoming IPOs Calendar FULL LIST
IPO of JNK India will open in next week to raise 649 crores. This will be a mainboard issue while the Street will also see 3 SME IPOs opening in the coming week. In addition to these, the bourses will also the listings of Greenhitech Ventures, Grill Splendour Services, Ramdevbaba Solvent and Faalcon Concepts.
JNK India IPO
Heating equipment company JNK India is set to launch its public offer on Tuesday, April 23, which will remain open till Thursday, April 25. For its Rs 649 crore issue, the company has fixed a price band of Rs 395-415 per share. The lot size is of 36 shares, for which investors can bid in the 3-day period.
JNK India’s IPO comprises fresh equity of up to Rs 300 crore and an offer for sale (OFS) of up to Rs 84.2 lakh worth of shares. Under the OFS, Goutam Rampelli, Dipak Kacharulal, JNK Heaters, Mascot Capital and Marketing, and Milind Doshi will offload shares. Economic Times reported that the company’s market cap post the IPO will be around Rs 2,308 crore at the upper price band.
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SME IPOs This Week
Apart from the mainboard issue, IPOs of three SME companies are also set to open for subscription in the coming week. These include Varyaa Creations, Shivam Chemicals and Emmoforce Autotech.
The public issue of Varyaa Creation will open for bidding on Monday, April 22, while that of Emmforce and Shivam Chemicals will open on Tuesday, April 23. Emmforce Autotech is the biggest SME IPO of the week as the company aims to mop up around Rs 54 crore.
Shivam Chemicals and Varyaa Creations, on the other hand, are looking to raise Rs 20 crore each.
