IPOs this week: JNK India, 3 SME issues to open for subscription; check list
Upstox
2 min read • Updated: April 22, 2024, 1:10 PM
Summary
Upcoming IPOs: The ₹18,000 crore follow-on public offer (FPO) of Vodafone Idea will close for bidding on Monday. The issue opened for subscription on April 18. The issue is entirely a fresh issue of 1,636 crore equity shares. The price band has been set at ₹10-₹11 per share.
Upcoming IPOs: One mainboard initial public offering (IPO) and three small and medium enterprises (SME) IPOs will open for subscription this week. Meanwhile, Vodafone Idea's follow-on public offer (FPO) will close on April 22.
JNK India IPO
JNK India IPO will open for subscription on April 23 and close on April 25. The Maharashtra-based company plans to raise ₹649.47 crore through fresh issuance of equity shares worth ₹300 crore and an offer-for-sale (OFS) of up to 8.42 million shares by existing shareholders and promoters.
The price band has been fixed at ₹393 to ₹415 per equity share. The company specialises in heating equipment such as reformers, process-fired heaters and cracking furnaces.
Varyaa Creations IPO
The SME IPO, which is open for subscription from April 22 to April 25, has a fixed issue price of ₹150 per share. The jewellery company plans to raise ₹20.10 crore through a fresh issue of shares.
Emmforce Autotech IPO
The Emmforce Autotech IPO will go live on April 23. The issue will conclude on April 25. The company, which plans to raise ₹53.9 crore, has a fixed price band of ₹93 to ₹98 per equity share.
The company is involved in the manufacturing of automotive components in India.
Also read: Kronox Lab Sciences gets SEBI’s approval to launch IPO; check details
Shivam Chemicals IPO
In the SMC segment, Shivam Chemicals IPO will be open for subscription from April 22 to April 25. The offer is a fixed price issue valued at ₹20.18 crore. The IPO price has been set at ₹44 per share.
The company is a leading manufacturer of Hydrated Lime (Calcium hydroxide) and a distributor of various chemical products.
The funds generated will be used for general corporate purposes, investment in subsidiary Shivam Chemicals & Minerals Pvt Ltd, and to meet working capital requirements.
Vodafone Idea FPO
The ₹18,000 crore follow-on public offer (FPO) of Vodafone Idea will close for bidding on Monday. The issue opened for subscription on April 18.
Also read: Vodafone Idea shares in focus as FPO subscription closes today, stock drops 5%
To know more about IPOs listing, schedule and upcoming IPOs, click here.