IPO fever at its peak: 9 new stock listings scheduled this week

As equity markets started the week on a rough note, with the Sensex and the Nifty slipping almost 0.8% each on Monday, primary market investors would now be anxiously waiting for the new stock listings scheduled in the days ahead.

As many as nine new stocks are going to make their stock market debut in the ongoing week – five of them from the mainboard segment and the other four in the SME category.

The listings of these stocks would be keenly watched as it would set the mood and tone for the multiple new initial public offerings (IPOs) that would open for subscription in the coming days.

Let’s take a quick look at these nine new stock listings scheduled for the week ending 16 February, 2024.

1) Apeejay Surrendra Park Hotels

The first of the nine to hit the bourses is hospitality chain Apeejay Surrendra Park Hotels Ltd. Shares of Apeejay Surrendra Park Hotels made an impressive debut on 12 February, Monday, with the stock listing at a premium of nearly 21% on BSE at ₹187 as against the IPO price of ₹155.

However, weak broader markets weighed on the sentiment and the stock closed the day at ₹203.45 apiece, up 8.8%, on BSE. On NSE, the stock ended the session at ₹205, up 10.22%.

2) Capital Small Finance Bank

The listing of Jalandhar-based Capital Small Finance Bank Ltd is scheduled for 14 February, Wednesday. Capital Small Finance Bank is India’s first small finance bank and offers fully secured loans to micro, small and medium enterprises (MSMEs), mortgages and farmers.

The ₹523-crore IPO, which was open for subscription during 7-9 February, was subscribed 4 times. The company had fixed a price band of ₹445-468 per share with a lot size of 32 shares. The IPO consisted of ₹450 crore of fresh issue and an offer-for-sale (OFS) of shares worth ₹73 crore. The bank said that it planned to utilise the proceeds from the fresh issue towards augmenting its tier-I capital base to meet its future capital requirements.

3) Jana Small Finance Bank

Shares of another small finance bank, Jana Small Finance Bank, are also going to make their trading debut on exchanges on 14 February. The Jana Small Finance Bank IPO saw a much stronger response than its counterpart Capital Small Finance Bank, getting oversubscribed by almost 18.5 times.

The ₹570-crore IPO comprises a fresh issue of ₹462 crore and an offer for sale of ₹108 crore. The bank said it would use the money from the fresh issue to augment its core Tier-I capital to meet future capital requirements and to improve its capital adequacy ratio.

4) Rashi Peripherals

Shares of tech products distributor Rashi Peripherals Ltd is also likely to list on 14 February. The ₹600-crore IPO was oversubscribed by a huge 59.71 times. The offer was open for subscription from 7 February to 9 February, with the price band being ₹295-311 per share. Investors could bid for a minimum of 48 shares and in multiples of 48 thereafter.

5) Entero Healthcare Solutions

The listing of shares of healthcare products distributor Entero Healthcare Solutions is expected on 16 February, Friday. The ₹1,600-crore IPO is open for subscription till 13 February. The company has set a price band of ₹1,195-₹1,258 per equity share of face value of ₹10 each. Bids can be made for a minimum of 11 equity shares and in multiples of 11 thereafter. So far, the issue has received a muted response, with the IPO being subscribed just 0.19 times by the end of Day 2 of bidding on 12 February.

IPOs in SME segment: Listing date

6) Italian Edibles

Shares of Italian Edibles Ltd listed on 12 February at a 19% discount on the IPO price of ₹68 on the NSE SME platform. The stock opened the trading session at ₹55 and closed the day at ₹57.75 apiece.

Interestingly, the issue was subscribed 154.43 times. The offer was open for bidding between 2 February and 7 February.

7) Alpex Solar:

Shares of solar panel manufacturing company Alpex Solar are expected to list on the NSE SME platform on 15 February, Thursday. The ₹74.52-crore IPO was subscribed by a whopping 303 times after bidding during 8-12 February subscription period. The price band of the issue was fixed at ₹109 -115 per share.

8) Polysil Irrigation Systems

The listing of shares of Polysil Irrigation Systems is expected on 16 February, Friday, on the NSE SME platform. The issue would be open for subscription from 8 February till 13 February. The price is fixed at ₹54 per share with a lot size of 2,000 shares.

9) Rudra Gas Enterprise

Shares of Rudra Gas Enterprise would list on 15 February, Thursday, on the BSE SME platform. The ₹14.16 crore IPO has recorded a total subscription of 350.75 times. The issue was open for subscription during 8-12 February. The IPO price was set at ₹63 per share, with the lot size of 2,000 shares.

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