Do you want to know about the latest and upcoming IPOs this week? This week, two companies will open their initial public offerings (IPOs) on Dalal Street. This is followed by three major listings. With benchmark indices hitting new highs and an optimistic sentiment prevailing, investors can explore numerous investment opportunities in the primary market.
Let us explore the details of upcoming IPOs this week!
Upcoming IPOs and Listings: Key Highlights
- This week, two mainline IPOs are set to launch on Dalal Street.
- Popular Vehicles & Services IPO presents investors with a chance to engage with a leading automobile dealership in India.
- Krystal Integrated Services IPO introduces investors to a prominent provider of facility management services.
- New listings this week include R K Swamy, Gopal Snacks, and JG Chemicals.
- R K Swamy Limited, founded in 1973, focuses on integrated marketing communications and customer data analysis.
- Gopal Snacks Limited, established in 1999, specialises in ethnic and Western snacks.
- JG Chemicals Limited, founded in 1975, is a specialist in zinc oxide manufacturing.
Popular Vehicles and Services IPO
Popular Vehicles & Services is a top automobile dealership in India. They handle everything from selling new vehicles to servicing, distributing spare parts, and selling preowned vehicles. Their business operates across three segments: passenger vehicles, commercial vehicles, and electric two-wheeler and three-wheeler vehicles.
- Popular Vehicles & Services IPO details reveal a book-built issue of Rs 601.55 crores, combining a fresh issue and an offer for sale.
- The Popular Vehicles & Services IPO price band is set at ₹280 to ₹295 per share.
- Popular Vehicles & Services IPO lot size is fixed at 50 shares.
Popular Vehicles and Services IPO Details
| Event | Date |
| IPO Book Building Period | March 12-14, 2024 |
| Allotment Finalization | March 15, 2024 |
| Listing Date | March 19, 2024 |
| Issue Size | Rs 601.55 crores |
| Fresh Issue Size | 0.85 crore shares (Rs 250.00 crores) |
| Offer for Sale Size | 1.19 crore shares (Rs 351.55 crores) |
| Price Band | ₹280 to ₹295 per share |
| Minimum Lot Size | 50 Shares |
| Minimum Investment for Retail Investors | ₹14,750 |
| Minimum Lot Size Investment for sNII | 14 lots (700 shares), ₹206,500 |
| Minimum Lot Size Investment for bNII | 68 lots (3,400 shares), ₹1,003,000 |
| Book Running Lead Managers | ICICI Securities Limited, Nuvama Wealth Management Limited, Centrum Capital Limited |
Krystal Integrated Services IPO
Krystal Integrated stands out as a top provider of facility management services in India. They specialise in healthcare, education, public administration, airports, railways, metro infrastructure, and retail sectors.
Krystal Integrated Services’ IPO will open on March 14, with a fresh issuance of equity shares worth Rs 175 crore and an offer-for-sale (OFS) of 17.5 lakh equity shares by the promoter Krystal Family Holdings.
- Krystal Integrated Services IPO opening date is March 14, 2024.
- Krystal Integrated Services IPO details include a book built issue of Rs 300.13 crores, comprising a fresh issue and offer for sale.
- The Krystal Integrated Services IPO price band is set at ₹680 to ₹715 per share, offering investors flexibility in their investment decisions.
- Krystal Integrated Services IPO lot size is 20 shares,
Krystal Integrated Services IPO Details
| Details | Date |
| IPO Book Building Period | March 14-18, 2024 |
| Allotment Finalization | March 19, 2024 |
| Listing Date | March 21, 2024 |
| Issue Size | Rs 300.13 crores |
| Fresh Issue Size | 0.24 crore shares (Rs 175.00 crores) |
| Offer for Sale Size | 0.18 crore shares (Rs 125.13 crores) |
| Price Band | ₹680 to ₹715 per share |
| Minimum Lot Size | 20 Shares |
| Minimum Investment for Retail Investors | ₹14,300 |
Upcoming Listings This Week
Indian stock market will have 3 mainboard listings this week:
1. R K Swamy Limited, founded in 1973, engages in integrated marketing communications, customer data analysis, full-service market research, and syndicated studies. It aims at digital initiatives across its operations.
The company will list on the bourses on March 12.
2. Gopal Snacks Limited, established in 1999, operates as an FMCG company specialising in ethnic and Western snacks, domestically and internationally. It offers namkeen, gathiya, wafers, extruded snacks, snack pellets, papad, spices, gram flour, noodles, rusk, and soan papdi.
Gopal Snacks’ listing occurs on March 14.
3. JG Chemicals Limited, founded in 1975, specialises in zinc oxide manufacturing using the French process. It offers over 80 grades of zinc oxide for industrial applications, including ceramics, paints, pharmaceuticals, cosmetics, electronics, etc.
The company will list on March 13.
Conclusion
The upcoming IPOs this week belong to different sectors and industries and have different strengths and challenges. Investing in IPOs can be rewarding. However, it also requires careful analysis and research.
Source- moneycontrol.com, ipowatch.in
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Disclaimer: Investments in the securities market are subject to market risks; read all the related documents carefully before investing.