Dalal Street Set For IPO Frenzy This Week: 2 Mainboard And 3 SME Public Offers To Go Live

The Indian market is gearing up for the launch of five new initial public offerings (IPOs) on Dalal Street. This includes two mainboard IPOs and three small and medium enterprises (SME) issues, promising to keep investors on the edge of their seats.

Last week saw the commencement of two mainboard IPOs - Vibhor Steel Tubes and Entero Healthcare Solutions, collectively aiming to raise Rs 1,672 crore. While Entero faced a lacklustre debut, Vibhor Steel Tubes is generating substantial anticipation as it prepares for listing next week. The upcoming week will witness an even more dynamic market as six companies, including SMEs, unveil their shares to the exchanges.

Investors can brace themselves for two mainboard IPOs - Juniper Hotels and GPT Healthcare, with a combined fundraising target exceeding Rs 2,000 crore. The Juniper Hotels IPO opens for subscription on February 21, 2024, and closes on February 23, 2024. Priced at Rs 342 to Rs 360 per share, the Rs 1,800-crore book-built issue consists entirely of fresh shares (5 crore). The leading book-running lead managers are JM Financial Limited, CLSA India Private Limited, and ICICI Securities Limited, with Kfin Technologies Limited as the registrar.

GPT Healthcare's IPO, launching on February 22, 2024, and closing on February 26, 2024, is a book-built issue comprising a fresh issue of Rs 40 crore and an offer for sale of 2.61 crore shares. The price band is yet to be announced, with Jm Financial Limited leading the book running and Link Intime India Private Ltd as the registrar.

The SME segment is set to witness significant activity with Zenith Drugs and Dream Roll Tech gearing up for their IPOs. Zenith Drugs' subscription window is from February 19, 2024, to February 22, 2024, offering Rs 40.68 crores through a book-built issue of 51.49 lakh fresh shares priced at Rs 75 to Rs 79 per share. Gretex Corporate Services Limited leads the book running, while Bigshare Services Pvt Ltd takes the registrar's role.

Dream Roll Tech's SME IPO, open from February 20, 2024, to February 22, 2024, is a fixed-price issue of Rs 29.26 crores, entirely through a fresh issue of 22.68 lakh shares at Rs 129 per share. Fedex Securities Pvt Ltd is the book running lead manager, and Bigshare Services Pvt Ltd is the registrar.

SME IPOs on the Horizon: Sadhav Shipping, Esconet Technologies, Kalahridhaan Trendz, Thaai Casting, Atmastco, and Interiors and More

The SME IPO segment remains vibrant with a slew of offerings. Sadhav Shipping's IPO opens on February 23, 2024, and closes on February 27, 2024, with a fixed price issue of Rs 38.18 crores, offering 40.19 lakh fresh shares at Rs 95 per share. Isk Advisors Pvt Ltd leads the book running, with Maashitla Securities Private Limited as the registrar.

Esconet Technologies, bidding open from February 16, 2024, to February 20, 2024, presents a book-built issue of Rs 28.22 crores through 33.6 lakh fresh shares at Rs 80 to Rs 84 per share. Corporate Capitalventures Pvt Ltd leads the book running, with Skyline Financial Services Private Ltd as the registrar.

Kalahridhaan Trendz, Thaai Casting, Atmastco, and Interiors and More are set to add to the IPO frenzy in the SME segment. Kalahridhaan Trendz, with a fixed price issue of Rs 22.49 crores, Esconet Technologies with a book-built issue of Rs 47.20 crores, Thaai Casting with a book-built issue of Rs 28.22 crores, and Atmastco with a fixed price issue of Rs 56.25 crores are all set to open for subscription on February 15, 2024, closing on February 20, 2024.

New Listings Anticipated Next Week

Vibhor Steel Tubes Limited IPO, with allotment finalized on February 16, 2024, is set to list on BSE and NSE on February 20, 2024. Investors are eagerly awaiting the listing of Wise Travel India Limited's IPO on NSE SME on February 19, 2024. Esconet Technologies Limited IPO, Kalahridhaan Trendz Limited IPO, Thaai Casting Ltd IPO, Atmastco Limited IPO, and Interiors and More Limited IPO are all expected to be finalized on February 21, 2024, with tentative listing dates on NSE SME set for Friday, February 23, 2024.

With the IPO market in full swing, Dalal Street is poised for an exciting and eventful week ahead. Investors, analysts, and market enthusiasts are all eyes on the new offerings, anticipating potential winners in this vibrant IPO landscape.