IPOs Update: 3 IPOs Come In Market and Many Listing This week

Indian stock market to see 3 SME new IPOs this week, with no mainboard IPOs, and nine companies list their IPOs this week in the market.

This week, there are no new IPOs in the mainboard IPO calendar. However, the SME segment is seeing a surge of activity with three companies preparing to launch their IPOs. These companies are collectively aiming to raise a total of Rs 86.8 crore, highlighting the growing interest in the small and medium enterprise sectors.

IPOs Update

The SME segment often serves as a breeding ground for promising businesses looking to tap into the capital markets for growth opportunities. These companies typically offer niche products or services and demonstrate potential for expansion and innovation.

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SME IPOs List This Week

  1. Chatha Foods: On March 19, Chatha Foods will mark the first IPO from the SME segment to debut on Dalal Street. With a price band set between Rs 53 to 56 per share, the frozen food processor aims to raise Rs 34 crore through its offering. Investors are informed that the bidding period for shares will end on March 21.
  2. Omfurn India: Following closely, Omfurn India will launch its FPO on March 20, with a price band of Rs 71 to 75 per share. Closing on March 22, the furniture manufacturer seeks to raise Rs 27 crore through its secondary offering.
  3. Vishwas Agri Seeds: March 21 will witness the maiden public issue of Vishwas Agri Seeds, priced at Rs 86 per share. The company, specialising in processing and supplying seeds to farmers, aims to raise Rs 25.8 crore, with the IPO concluding on March 26.

Upcoming Listings This Week:

  1. Popular Vehicles (Mainstream):
    • Listing Date: March 19
    • Fundraising: Raised Rs 601 crore through its public offering
    • Subscription: 1.23 times subscribed
    • Grey Market: No premium attracted
  2. Krystal Integrated Services (Mainstream):
    • Expected Listing Date: March 21
    • Grey Market: Trading at a premium of 8.53 per cent over its upper band of IPO price of Rs 715
  3. SME Segment:
    • Pratham EPC Projects (NSE SME): Listing on March 18
    • Signoria Creation (NSE SME): Listing on March 19
    • Royal Sense (BSE SME): Listing on March 19
    • AVP Infracon (NSE SME): Listing on March 20
    • Enser Communications (NSE SME): Listing on March 22
    • Enfuse Solutions (NSE SME): Listing on March 22
    • KP Green Engineering (BSE SME): Listing on March 22

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