IPO News: More Than 5 Companies Will Go Public This Week; Check The List Here

There will be a lot of activity on Dalal Street this week as six small and medium enterprises (SMEs) companies will go public while shares of 10 companies will make their stock market debut after the Indian stock market resumes trading after a prolonged weekend due to Christmas celebration. The year 2023 has seen several companies making their way to Dalal Street in order to secure funds.

The third quarter of 2023 witnessed a staggering 21 IPOs in the Indian main market.

Public Issues To Hit Dalal Street This Week:

AIK Pipes and Polymers IPO

The initial public offering (IPO) of AIK Pipes and Polymers will open for subscription on December 26 (Tuesday). The public issue will conclude on Thursday (December 28). The company is looking to raise Rs 15 crore through the issuance of fresh equity shares.
The price band of AIK Pipes and Polymers IPO has been fixed at Rs 89 per equity share with a face value of Rs 10 each. 50% of the net offer has been reserved for retail investors.

Akanksha Power and Infrastructure IPO

The IPO of Akanksha Power and Infrastructure will remain open for subscription from Wednesday (December 27) to Friday (December 29). The company is looking to raise Rs 27.49 crore. The public issue is completely a fresh issue of 49.98 lakh shares.
The price band of the IPO has been fixed set at Rs 52-55 apiece. Taking the IPO upper band price of the IPO at Rs 55, investors need to make a payment of Rs 1,10,000 to participate in the IPO.

HRH Next Services IPO

HRH Next Services IPO will open for subscription on Wednesday (December 27), and conclude on Friday (December 29). The price band for the public issue has been fixed at Rs 36 per equity share with a face value of Rs 10 each.
The company intends to raise Rs 9.57 crore through the issuance of fresh equity shares.

Manoj Ceramic IPO

The IPO of Manoj Ceramic will open for subscription from December 27 (Wednesday) to Friday (December 29). Via this IPO, the company aims to raise Rs 14.47 crore through the issuance of fresh equity shares.
The price band for the public issue has been fixed at Rs 62 per equity share with a face value of Rs 10 each.
The allotment for the MCPL IPO is likely to be finalized on January 1, 2024. MCPL IPO will be listed on BSE SME with a tentative listing date fixed on January 3, 2024.

The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is Rs 124,000. The minimum lot size investment for HNI is 2 lots (4,000 shares) amounting to Rs 248,000.

Shri Balaji Valve Components

The initial public offering (IPO) of Shri Balaji Valve Components will open for subscription from December 27 to December 29. The IPO of Shri Balaji Valve Components is a book-built issue of Rs 21.60 crores. Balaji Valve Components IPO price band has been fixed at Rs 95 to Rs 100 per share.
The minimum lot size for an application is 1200 Shares. The minimum investment amount required by retail investors is Rs 120,000. The allotment for the Balaji Valve Components IPO is expected to be finalized on January 1, 2024.

Kay Cee Energy & Infra IPO

The 15.93 crore IPO of Kay Cee Energy & Infra will open for subscription from December 28 to January 2.
The price band of the public issue has been fixed at Rs 51-54 per equity share with a face value of Rs 10 each. The allotment for the Kay Cee Energy & Infra IPO is likely to be finalized on Wednesday, January 3, 2024. Shares of Kay Cee Energy & Infra IPO are expected to be listed on NSE SME on January 5, 2024.

The quota for retail investors in the Kay Cee Energy & Infra IPO has been fixed at 35% of the net offer. Retail investors can participate with one lot size, equivalent to 2000 shares. At the upper band price of Rs 54, investors need to make a payment of Rs 1,08,000 to participate in the offer.