Upcoming IPOs: Nukleus Office, Shreenath Paper, and Balaji Phosphates public offers to open this week; 6 listings scheduled; check list

Upcoming IPOs: Three IPOs will hit the primary market in the week starting February 24. The Nukleus Office Solutions IPO will launch on Monday, while the public offers of Shreenath Paper Products and Balaji Phosphates will open on February 25 and February 28, respectively.

Five IPOs, including the mainboard issue of Quality Power, will also be listed this week.

Nukleus Office Solutions IPO

Nukleus Office Solutions IPO is a fresh issue of 13.55 lakh shares aggregating ₹31.70 crore. It is a fixed-price issue at ₹234 per share.

The money raised will be used towards the following objects:

• Capital expenditure and security deposit towards establishment of new centres
• Advertisement expenses for enhancing the visibility of its brand
• Building up technology platform, online client interaction, integration of all centres and mobile application
• General corporate purposes

The minimum lot size is 600 shares, needing an investment of ₹1,40,400.

Nukleus Office Solutions provides co-working and managed office solutions in Delhi-NCR featuring flexible workspaces like private cabins, dedicated desks, startup zones, meeting rooms and virtual offices.

Shreenath Paper Products IPO

The initial share sale of Shreenath Paper Products is exclusively a fresh issuance of 53.10 lakh shares worth ₹23.36 crore. The funds will be used to meet incremental working capital requirements and general corporate purposes.

The IPO price has been set at ₹44 per equity share with a minimum application size of 3,000 shares. A retail investor needs to apply for shares worth at least ₹1,32,000.

Shreenath Paper Products offers supply chain solutions to industries that utilise paper materials like coated, food grade, machine and adhesive papers in manufacturing processes.

It supplies products to industries such as FMCG, textiles, packaging, food and beverages, e-commerce, and textiles.

Balaji Phosphates IPO

The Balaji Phosphates IPO consists of a fresh issuance of 59.40 lakh shares and an offer-for-sale (OFS) of 12.18 lakh shares.

The company has not announced the price band yet.

Balaji Phosphates manufactures and supplies NPK granulated and mixed fertilisers, single super phosphate (SSP), and zinc sulphate.

IPO listings this week