Upcoming IPOs this week: NAPS Global India IPO to open for subscription, four listings scheduled; check list

Upcoming IPOs: The week starting March 4 will see one SME IPO hit the primary market and four initial public offerings listed on the stock exchanges. The BSE SME Issue of NAPS Global India will open for subscription on Tuesday, March 4.

Beezaasan Explotech, Nukleus Office Solutions, Shreenath Paper Products, and Balaji Phosphates are the IPO listings scheduled for this week.

NAPS Global India IPO

The ₹11.88 crore initial share sale of NAPS Global India is a fresh issue of 13.20 lakh shares. The IPO is open from March 4 to March 6. It has set an issue price of ₹90 per share.

The funds generated will be used for general corporate purposes and working capital requirements.

The minimum investment for retail investors is ₹1,44,000 for 1,600 shares.

The company is a wholesale importer of textiles. It is a key player in the garment manufacturing supply chain in Maharashtra.

IPO listings this week

• Beezaasan Explotech IPO: March 3
• Nukleus Office Solutions IPO: March 4
• Shreenath Paper Products IPO: March 5
• Balaji Phosphates IPO: March 7

Excelsoft Technologies, Meir Commodities file draft IPO papers with SEBI

Excelsoft Technologies, an innovative technology-based solutions provider in the education and training space, has filed draft papers with the capital markets regulator, the Securities and Exchange Board of India (SEBI), to raise ₹700 crore via an IPO.

The proposed IPO will be a mix of a fresh issue worth ₹210 crore and an offer for sale (OFS) by promoters aggregating ₹490 crore.

The company may seek to raise ₹270 crore in a pre-IPO round.

The money raised will be used to buy land and construct a new building, upgrade the external electrical systems of its existing facility in Mysore, upgrade the company's information technology (IT) infrastructure, and for corporate general purposes.

Meir Commodities IPO consists of a fresh issue of 52.94 lakh shares and an OFS of 35.29 lakh shares. The proceeds will be used for working capital needs and general corporate purposes.

Mier Commodities India, incorporated in 2018, is a B2B trader of agricultural commodities, primarily sugar, Desi Khand, and sugar-allied products.