Upcoming IPOs this week: Desco Infratech, Shri Ahimsa Naturals, 2 other SME issues to open, 5 listings scheduled; check list

Upcoming IPOs: While the action in the mainboard segment is awaited, four SME IPOs will open for public subscription this week. They are Desco Infratech IPO, Shri Ahimsa Naturals IPO, ATC Energies IPO and Identixweb IPO.

Five listings, including those of Paradeep Parivahan, Divine Hira Jewellers, Grand Continental Hotels, Rapid Fleet Management, and Active Infrastructures, will also occur in the week starting March 24.

Desco Infratech IPO

The ₹30.75 crore book-built issue is a fresh issuance of 20.50 lakh equity shares. It will be open from March 24 to March 26. The price band has been fixed at ₹147 to ₹150 per share.

The funds generated will be utilised for capital expenditure requirements, working capital needs, and general corporate purposes.

A one-lot lot consists of 1,000 shares and requires an investment of ₹1,47,000. High-net-worth individuals can apply for two lots worth ₹3,00,000.

Shri Ahimsa Naturals IPO

The ₹73.81 crore initial public offer is a mix of a fresh issue of ₹50.02 crore as well as an offer for sale (OFS) of 19.99 lakh shares.

The net proceeds of the offer will be utilised for investment in a wholly owned subsidiary, Shri Ahimsa Healthcare Pvt Ltd, to establish a manufacturing plant in Jaipur, Rajasthan and for general corporate purposes.

The least a retail investor can invest is ₹1,35,600 for one lot consisting of 1,200 shares. For HNIs, the minimum investment is ₹2,85,600.

ATC Energies System IPO

The ₹63.76 crore issue of ATC Energies, which is a combination of a fresh issue of 43.24 lakh shares and an OFS of 10.80 lakh shares, will open on March 25. It has set a price range of ₹112 to ₹118 per share. The offer will close on March 27.

The money raised will be used for debt repayment, funding capital expenditure requirements, working capital needs and general corporate purposes.

A lot of 1,200 shares will cost a minimum of ₹1,34,400. For HNIs, the investment amount is ₹2,83,200.

The company is in the production and supply of lithium-ion batteries.

Identixweb IPO

The ₹16.63 crore Identixweb IPO is solely a fresh issuance of 30.80 lakh shares. The issue will be open from March 26 to March 28. The price band is ₹51 to ₹54 per share.

The objects of the issue are to invest in marketing and market research, invest in a subsidiary and corporate general purposes.

A single lot will cost ₹1,02,000 for 2,000 shares. HNIs can bid for at least 2 lots valued at ₹2,16,000.

The company offers software as a service (SaaS)-based digital product solutions.