As the new week begins today, are you also interested in the list of upcoming IPOs?
The Indian stock market will witness five IPOs this week, with two listings scheduled. The SME segment will be busy with an IPO launch every day.
Sounds interesting, isn’t it?
You must consider exploring these opportunities for potential growth.
Let’s look at the details of this week’s upcoming IPOs and listings!
Key Insights| Upcoming SME IPOs and New Listings
- Five IPOs will open on Dalal Street next week, with the SME segment seeing an IPO launch each day, starting from May 27th.
- Awfis Space Solutions will close its Rs 599-crore IPO on May 27 and debut on May 30; grey market shows a 25-30% premium.
- Vilas Transcore’s Rs 95.26-crore IPO opens on May 27, aimed at strategic investments and factory construction.
- Beacon Trusteeship’s Rs 32.52-crore IPO starts on May 28, with proceeds for tech infrastructure and new office premises.
- Ztech India’s Rs 37.30-crore IPO begins on May 29, funding working capital and corporate purposes.
- Aimtron Electronics and TBI Corn’s IPOs will open on May 30 and 31, respectively, focusing on expansions and capital requirements.
Upcoming IPOs and Listings
Here is a brief overview of the upcoming SME IPOs in the Indian Stock Market:
SME IPO Segment
| Company | IPO Opening Date | IPO Closing Date | Price Band (Rs) |
| Vilas Transcore | May 27, 2024 | May 29, 2024 | 139-147 |
| Beacon Trusteeship | May 28, 2024 | May 30, 2024 | 57-60 |
| Ztech India | May 29, 2024 | May 31, 2024 | 104-110 |
| Aimtron Electronics | May 30, 2024 | June 3, 2024 | 153-161 |
| TBI Corn | May 31, 2024 | June 4, 2024 | 90-94 |
Upcoming IPO Listings
This week, the market will see two IPO listings:
Mainboard IPO
| Company | IPO Opening Date | IPO Closing Date | Listing Date |
| Awfis Space Solutions | May 22, 2024 | May 27, 2024 | May 30, 2024 |
SME IPO
| Company | IPO Opening Date | IPO Closing Date | Listing Date |
| GSM Foils | May 24, 2024 | May 28, 2024 | May 31, 2024 |
SME IPOs This Week
Here are the details of the five SME IPOs launching this week:
Vilas Transcore IPO
Vilas Transcore will open its Rs 95.26-crore IPO on May 27, with a price band of Rs 139-147 per share. The IPO, closing on May 29, comprises only a fresh issue of 64.8 lakh shares.
The company will use the proceeds for strategic investments, factory construction, machinery acquisition, etc.
Established in 2006, Vilas Transcore Limited specialises in manufacturing and supplying power distribution and transmission components globally.
It offers a range of electrical lamination products, including CRGO cores and coils used in power and distribution transformers.
Beacon Trusteeship IPO
Beacon Trusteeship will launch its Rs 32.52-crore IPO on May 28. The price band is Rs 57-60 per share, and it will close on May 30. The IPO includes a fresh issue of 38.72 lakh shares worth Rs 23.23 crore and an OFS of 15.48 lakh shares worth Rs 9.29 crore.
Beacon will use the funds for technology infrastructure, Beacon RTA Services acquisition, new office premises, and corporate purposes.
Established in 2015, Beacon Trusteeship Limited offers trustee services in various areas:
- Debenture Trustee Services
- Security Trustee Services
- Trustee to Alternate Investment Fund (AIF).
It assists companies in issuing debentures and acts as a security trustee for loans.
Ztech India IPO
Ztech India’s Rs 37.30-crore IPO will open on May 29, with a price band of Rs 104-110 per share, closing on May 31. The IPO includes a fresh issue of 33.91 lakh shares. The company will use the proceeds for working capital, corporate purposes, and IPO expenses.
Incorporated in November 1994, Ztech India Limited specializes in designing civil engineering products. It also offers state-of-the-art specialty Geo-Technical Solutions for infrastructure and civil construction projects in India.
Aimtron Electronics IPO
Aimtron Electronics will launch its Rs 87.02-crore IPO on May 30, with a price band of Rs 153-161 per share. The IPO includes a fresh issue of 54.04 lakh shares, closing on June 3.
Aimtron Electronics IPO aims to use funds to repay borrowings, install machinery, etc.
Founded in April 2011, Aimtron Electronics Limited specialises in providing products and solutions for electronics system design and manufacturing (ESDM) services.
It offers services domestically and globally, spanning regions like India, the USA, Hong Kong, the UK, Spain, and Mexico.
TBI Corn IPO
TBI Corn will open its Rs 44.94-crore IPO on May 31, with a price band of Rs 90-94 per share, closing on June 4. The IPO includes a fresh issue of 47.8 lakh shares.
The company will use the proceeds for unit expansion, working capital, and corporate purposes.
Details of the IPO Listings This Week
This week, there will be only two listings, one each from the mainboard and SME segments.
Mainboard Segment
Awfis Space Solutions will close its Rs 599-crore IPO on May 27. The IPO was subscribed 11.4 times in three days starting May 22, with participation from all investor categories.
Awfis will debut on the bourses on May 30. In the grey market, its IPO shares trade at a 25-30 percent premium over the upper price band of Rs 383 per share.
SME Listing
GSM Foils will close its Rs 11.01-crore IPO on May 28, which opened on May 24 and received 16.63 times subscription on the first day. Its shares will start trading on the NSE Emerge from May 31, being the only listing from the SME segment.
Conclusion
The wave of upcoming IPOs shows promising opportunities for investors, especially in the SME sector. As these companies enter the market for the first time, there’s a chance to broaden investment portfolios and engage with new business ventures.
However, it’s crucial to conduct thorough research before investing in any of these IPOs.
Source– moneycontrol.com
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Disclaimer: Investments in the securities market are subject to market risks; read all the related documents carefully before investing.