Are you looking for some exciting investment opportunities this week? Do you want to know which companies are going public and how to participate in their IPOs? The list of the upcoming IPOs this week includes three mainboard companies that aim to collectively raise around Rs 1325Cr.Â
Here’s a sneak peek into what’s coming up:
New IPOs This Week: Key Highlights
- RK Swamy is set to launch an IPO worth Rs 423.56 crore with a mix of fresh shares and OFS, priced between Rs 270 and Rs 288 per share.
- JG Chemicals initiates IPO worth Rs 251.2 crore, offering shares at Rs 210-221 per share. The subscription ends on March 7.
- Gopal Snacks aims to raise Rs 650 crore through an IPO priced at Rs 381-401 per share, and subscription closes on March 11.
- Platinum Industries and Exicom Tele-Systems to list equity shares on March 5, with strong subscription rates anticipated for their debut.
RK Swamy IPO
Leading the pack is RK Swamy, a data-driven integrated marketing services provider, with its IPO worth Rs 423.56 crore. The offering includes fresh shares worth Rs 173 crore and an offer-for-sale (OFS) of 87 lakh shares, valued at Rs 250.56 crore at the upper price band. Investors can subscribe to this IPO until March 6, with shares priced between Rs 270 and Rs 288 each.
- Subscription Details
- Opens: March 4, 2024
- Closes: March 6, 2024
- Allotment: Expected by March 7, 2024
- Listing: Tentatively scheduled for March 12, 2024 on BSE and NSE
- RK Swamy IPO Price Band
- ₹270 to ₹288 per share
- Minimum Lot Size: 50 Shares
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JG Chemicals IPO
Next up is JG Chemicals, a zinc oxide manufacturer, launching its IPO worth Rs 251.2 crore on March 5. With a price band of Rs 210-221 per share, the IPO consists of fresh shares worth Rs 165 crore and an OFS of 39 lakh shares, valued at Rs 86.19 crore. The subscription period ends on March 7.
- Subscription Details
- Opens: March 5, 2024
- Closes: March 7, 2024
- Allotment: Expected by March 11, 2024
- Listing: Tentatively scheduled for March 13, 2024 on BSE and NSE
- JG Chemicals IPO Price Band
- ₹210 to ₹221 per share
- Minimum Lot Size: 67 Shares
- Retail Investor Minimum Investment: ₹14,807
- sNII (Non-Institutional Investors) Minimum Investment: 14 lots (938 shares), ₹207,298
- bNII (Qualified Institutional Buyers) Minimum Investment: 68 lots (4,556 shares), ₹1,006,876
- Lead Managers and Registrar
- Lead Managers: Centrum Capital Limited, Emkay Global Financial Services Ltd, Keynote Financial Services Ltd
- Registrar: Kfin Technologies Limited
Gopal Snacks IPO
Rajkot-based Gopal Snacks, known for its ethnic and Western snacks, will kick off its IPO on March 6, aiming to raise Rs 650 crore. The IPO, which runs until March 11, offers shares through an OFS by existing shareholders, priced between Rs 381 and Rs 401 per share.
- Subscription Details
- Opens: March 6, 2024
- Closes: March 11, 2024
- Allotment: Expected by March 12, 2024
- Listing: Tentatively scheduled for March 14, 2024 on BSE and NSE
- Gopal Snacks IPO Price Band
- ₹381 to ₹401 per share
- Minimum Lot Size: 37 Shares
- Retail Investor Minimum Investment: ₹14,837
- sNII (Non-Institutional Investors) Minimum Investment: 14 lots (518 shares), ₹207,718
- bNII (Qualified Institutional Buyers) Minimum Investment: 68 lots (2,516 shares), ₹1,008,916
- Lead Managers and Registrar
- Lead Managers: Intensive Fiscal Services Private Limited, Axis Capital Limited, JM Financial Limited
- Registrar: Link Intime India Private Ltd
IPO Listings This Week
In addition to the IPO frenzy, two companies, Platinum Industries and Exicom Tele-Systems, will list their equity shares on March 5, having raised Rs 235.32 crore and Rs 429 crore, respectively.
Market watchers anticipate a strong debut for both, given their robust subscription rates.
On March 6, Bharat Highways Infrastructure Investment Trust units will hit the market following their Rs 2,500 crore public issue.
Mukka Proteins shares are set to debut on March 7, likely attracting healthy interest.
Conclusion
These upcoming IPOs and IPO listings could offer lucrative opportunities for investors. However, before investing in any new IPO this week, you should do your own research, analysis, and due diligence.
Stay tuned for more updates!
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.