Upcoming IPOs: HP Telecom India, 2 other issues to open this week; eight listings scheduled; check list

Upcoming IPOs: Three SME initial public offers (IPOs) will open for subscription this week, but there will be no mainboard action in the primary market.

Swasth Foodtech India, HP Telecom India, and Beezaasan Explotech will commence their initial share sales on February 19, 20, and 21, respectively.

Swasth Foodtech India IPO

Swasth Foodtech India IPO is exclusively a fresh issue of 15.88 lakh shares worth ₹14.92 crore. It is a fixed-price issue at ₹94 per share.

The money raised will be used to set up a packaging line at an existing manufacturing facility, fund working capital needs and corporate general purposes.

Retail investors can apply for at least 1,200 shares worth ₹1,12,800.

Swasth Foodtech processes rice bran oil for sale to oil manufacturers and packers.

HP Telecom India IPO

HP Telecom India's public issue is entirely a fresh issuance of 31.69 lakh shares aggregating ₹34.23 crore. It is a fixed-price issue at ₹108 per equity share.

The IPO proceeds will be utilised for working capital requirements and general corporate purposes.

The minimum application size is 1,200 shares valued at ₹1,29,600.

HP Telecom India initially focused on distributing mobile phones and accessories. The firm secured exclusive distribution rights for Sony LED TVs, mobile phones, and other goods in Gujarat. Later, it expanded its product portfolio to include air conditioners, LCD/LED home theatres, and other appliances.

Beezaasan Explotech IPO

Beezaasan Explotech IPO is a fresh issue worth ₹59.93 crore. The company intends to use money generated for capital expenditure, the purchase of a commercial vehicle, debt repayment, and general corporate purposes.

The price band has been set at ₹165 to ₹175 per share. Investors can bid for a minimum of 800 shares.

The company manufactures and supplies a wide range of explosives and explosive accessories.

IPO listings this week