Continuing the strong primary market trend, eight initial public offerings (IPOs) valued at over Rs 148 billion are scheduled to open for public subscription and seven companies are scheduled to be listed on stock exchanges starting March 4. IPO activity will continue this week.
RK Swami IPO
The initial public offering of RK Swamy, a data-driven integrated marketing services provider, was opened for public subscription on March 4. The price band for the Rs 423.56-crore IPO has been fixed at Rs 270-288 respectively.
The RK Swamy IPO allotment will take place on March 12 and the listing will take place on March 12, 2024 on both NSE and BSE.
JG Chemical IPO
The initial public offering of zinc oxide manufacturer JG Chemicals opened for public subscription on March 5. The price band for the Rs 251.19-crore IPO has been fixed at Rs 210-221 respectively. The IPO closes on March 7.
JG Chemical's initial public offering (IPO) allocation is scheduled to take place on March 5, and listing is scheduled to take place on both NSE and BSE on March 7, 2024.
Gopal Snack IPO
The initial public offering of Gopal Snacks, which deals in ethnic and western snacks and other products in India and internationally, was opened for public subscription on March 6. The price band for the Rs 650-crore IPO has been fixed at Rs 381. -401 pcs. The IPO closes on March 11.
Gopal Snacks IPO allotment will take place on March 6 and listing will take place on March 11, 2024 on both NSE and BSE.
VR Infrastructure IPO
The initial public offering of real estate development company VR Infraspace opened for public subscription on March 4. The price band for the Rs 20.40-crore IPO has been fixed at Rs 85. The IPO closes on March 6.
VR Infrastructure Space IPO allocation will be held on March 7, and listing is scheduled to take place on NSE SME on March 12, 2024.
Sona Machinery IPO
The initial public offering of agricultural machinery manufacturer Sona Machinery Ltd was opened for public subscription on March 5. The price range for the Rs 51.82-crore IPO has been fixed at Rs 136-143 each. The IPO closes on March 7.
Sona Machinery IPO allocation will be carried out on March 5, and listing is scheduled to take place on NSE SME on March 7, 2024.
Shree Karni Fabcom IPO
The initial public offering of Shree Karni Fabcom Ltd, a manufacturer of custom knitted and woven fabrics, was launched for public subscription on March 6. The price range for the Rs 42.49-crore IPO has been fixed at Rs 220-227 respectively. The IPO closes on March 11.
Shree Karni Fabcom IPO allotment will take place on March 12 and listing is scheduled to take place on NSE SME on March 14, 2024.
Cowra Fine Diamond Jewelry IPO
The initial public offering of Koura Fine Diamond Jewelery Ltd, a wholesaler of gold and diamond jewellery, was opened for public subscription on March 6. The price band for the Rs 5.5 billion IPO has been fixed at Rs 55 each. The IPO closes on March 11.
Koura Fine Diamond Jewelery IPO allotment will take place on March 12 and listing is scheduled to take place on BSE SME on March 14, 2024.
Pune Electronic Stock Brokerage IPO
The initial public offering of corporate broking firm Pune E-Stock Broking Ltd was opened for public subscription on March 7. The price range for the Rs 38.23-crore IPO has been fixed at Rs 78-83 each. The IPO closes on March 12.
Pune E-Stock Broking IPO allotment will take place on March 12 and listing is scheduled to take place on BSE SME on March 15, 2024.
IPO listing this week
The IPOs scheduled for listing are as follows: stabilizers producer Platinum Industries and electric vehicle charging solutions provider Exicom Tele-Systems (March 5) Bharat Highway Infrastructure Investment Trust (March 6); Mukka protein (March 7).
In the SME segment, Owais Metal and Mineral Process will list its shares on NSE Emerge on March 4, Purv Flexipack on March 5 and MVK Agro Food Product on March 7.