IPO fever at its peak: 2 mainboard, 6 SME IPOs to hit markets this week

Last week, domestic markets saw upbeat IPO stock listings, as each of the three companies listed at a premium, delivering double-digit returns to investors. Mukka Proteins (+50.9%), Platinum Industries (+29.1%), Exicom Tele-Systems (+58.9%) all gave significant returns to primary market investors on listing day, which has reawakened investors interest in the IPO market.

This week will also be a busy one for primary market investors, with as many as eight IPOs opening for subscription, comprising two mainboard IPOs and six SME IPOs. Meanwhile, three mainboard IPOs are lined up to debut in the stock market. Let’s take a closer look.

Mainboard IPOs to open for subscription this week

Popular Vehicles & Services

Popular Vehicles & Services, which operates automobile dealerships across India will be open for subscription between 12 to 14 March 2024. The IPO will be an offer for sale as well as a fresh issue. Popular Vehicles & Services price band is ₹280 – ₹295 per share. Lot size for this IPO is 50 equity shares, investors can bid in multiples of 50 shares.

To know more and pre-apply for this IPO, click here

Krystal Integrated Services

Next up is Krystal Integrated Services IPO, which provides facilities management services like housekeeping, sanitation, gardening, waste management, etc. Krystal Integrated Services IPO will be open for subscription from 14 to 18 March 2024. The price band for the Krystal Integrated Services IPO is yet to be announced.

SME IPOs scheduled to open this week

Pratham EPC Projects

Pratham EPC Projects IPO will open for subscription between 11 and 13 March 2024. Pratham EPC Projects price band is ₹71 to ₹75 per share, with a lot size of 1600 shares. The company offers end-to-end integrated engineering, procurement, and construction services.

Signoria Creation

Signoria Creation IPO will be open for subscription between 12 and 14 March 2024. Signoria Creation price band is ₹61 to ₹65 per share, with a lot size of 2000 shares. Signoria Creation manufactures and sells women's clothing such as kurtis, pants, tops, co-ord sets, dupattas and gowns.

Royal Sense

Royal Sense IPO will be open for subscription from 12 to 14 March 2024. Royal Sense IPO price is ₹68 per share, and the lot size is 2,000 shares. Royal Sense offers medical equipment, surgical instruments and diagnostic kits.

AVP Infracon

Another SME infrastructure company, AVP Infracon IPO will be open for subscription between 13 and 15 March 2024. AVP Infracon IPO price band is ₹71 to ₹75 per share. The minimum lot size for an application is 1,600 shares.

KP Green Engineering

KP Green Engineering IPO will be open for subscription between 15 and 19 March. The company is engaged in the manufacturing of fabricated and hot-dip galvanised steel products. KP Green Engineering IPO price band is set at ₹137 to ₹144 per share. The minimum lot size for an application is 1,000 shares.

Enfuse Solutions

Enfuse Solutions IPO opens for subscription from 15 to 19 March 2024. The IPO price band is yet to be announced.

IPO stock listing this week

As many as three mainboard IPOs will make their market debut next week, including integrated marketing company RK Swamy, which is expected to list its shares on 12 March 2024. RK Swamy IPO received an overall subscription of 25.7 times.

Next is chemical firm JG Chemicals, whose shares will be tentatively listed on 13 March 2024. The company’s IPO received a strong response, with an overall subscription of 28.52 times. Similarly, Gopal Snacks shares are expected to be listed on 14 March 2024. The IPO of the FMCG firm was subscribed 1.48 times.

Under the SME segment, six SME IPO stocks are tentatively expected to list on the exchanges next week. This includes Pune E-Stock Broking, Shree Karni Fabcom, Koura Fine Diamond Jewelry, Sona Machinery, VR Infraspace and Bharat Highways InvIT.

To know more about IPOs listing, schedule and upcoming IPOs, click here