IPO Frenzy Next Week: 3 SME Public Issues To Go Live; 6 New Listings On The Table; What Are The Names?

As the dust settles from the whirlwind subscription of Bharti Hexacom's mega IPO, the primary market is set for a breather in the upcoming week, with no new mainboard IPOs in sight. However, the small and medium enterprises (SMEs) segment continues to buzz with activity, as three new public issues gear up to hit the primary market.

Last week, Bharti Hexacom's IPO opened to raise Rs 4,275 crore, drawing subscription interest over 30 times. The subsidiary of Bharti Airtel made waves as investors eagerly sought a piece of the telecom giant's expansion plans.

Alongside Bharti Hexacom, five other SME IPOs opened for subscription, promising fresh avenues for investment. These SMEs are now poised for listing on the exchanges, bringing forth exciting prospects for investors in the coming week.

New Entrants in the Primary Market
Teerth Gopicon IPO: With its subscription opening on April 8 and closing on April 10, 2024, Teerth Gopicon's IPO aims to raise Rs 44.40 crore through a fixed price issue of 40 lakh shares. Priced at Rs 111 per share, this SME IPO offers investors an opportunity to participate in the company's growth trajectory. Interactive Financial Services Ltd leads the offering, with Bigshare Services Pvt Ltd serving as the registrar.

DCG Cables & Wires IPO: Opening for subscription on the same dates as Teerth Gopicon, DCG Cables & Wires seeks to raise Rs 49.99 crore through a fixed price issue of 49.99 lakh shares. Priced at Rs 100 per share, the SME IPO presents an attractive proposition for investors eyeing the cables and wires sector. Interactive Financial Services Ltd leads the offering, with Nikunj Stock Brokers as the market maker.

Greenhitech Ventures IPO: Set to open for subscription from April 12 to April 16, 2024, Greenhitech Ventures aims to raise Rs 6.30 crore through a fixed price issue of 12.6 lakh shares priced at Rs 50 each. Beeline Capital Advisors Pvt Ltd spearheads the offering, with Skyline Financial Services Private Ltd as the registrar and Spread X Securities as the market maker.

New Listings in the Coming Week
In addition to the fresh IPOs, several listings are scheduled for the upcoming week, offering investors a diverse array of opportunities:

Bharti Hexacom IPO: The much-awaited listing of Bharti Hexacom is expected to finalize its allotment on Monday, April 8, 2024, with a tentative listing date set for Friday, April 12, 2024. The IPO will list on both BSE and NSE, offering investors a chance to capitalize on the telecom sector's growth prospects.

Aluwind Architectural IPO: Following the finalization of its allotment on April 5, 2024, Aluwind Architectural is set to list on NSE SME on Tuesday, April 9, 2024. This listing offers investors exposure to the architectural solutions sector.

Creative Graphics Solutions India IPO: Similarly, Creative Graphics Solutions India is scheduled to list on NSE SME on April 9, 2024, following its allotment finalization on April 5, 2024. The listing presents an opportunity for investors interested in the graphics solutions industry.

Jay Kailash Namkeen IPO, K2 Infragen IPO, and Yash Optics & Lens IPO: These three SME IPOs, with allotment finalizations on April 4, 2024, are slated for listing on BSE SME and NSE SME on April 8, 2024, offering investors diverse avenues for investment.

With the primary market showing signs of resilience despite economic uncertainties, investors are keeping a close watch on these developments. As companies seek to capitalize on market momentum through IPOs and listings, stakeholders remain optimistic about the future trajectory of the primary market.

Disclaimer: The opinions and suggestions provided above represent the views of individual analysts and do not reflect those of GoodReturns or the author. We recommend investors consult with certified experts before making any investment decisions.