Upcoming IPOs: 6 new public issues and 12 new listings to keep primary market busy next week; check full list here

Upcoming IPOs: The market will see the launch of six new public issues this week, one on the mainboard and five on the small and medium company (SME) side. Furthermore, around 12 new IPOs will make their market debuts in the following week.

Upcoming IPOs
Upcoming IPOs list Are here

After a busy week, the primary market is ready to launch one of the year’s most anticipated initial public offerings (IPOs), Go Digit General Insurance.

Three mainboard segment IPOs raised approximately ₹6,000 crore last week on Dalal Street, coinciding with the country’s current general elections.

Read More: Go Digit IPO to open next week; Virat Kohli-backed Go Digit may launch IPO next week

“What stands out is the strong domestic inflow, particularly from ordinary investors who are displaying a genuine interest in equities markets. This increase in retail involvement enables issuers to comfortably launch IPOs in May,” said Mahavir Lunawat, Managing Director of Pantomath Capital Advisors Pvt. Ltd.

The market will see the launch of six new public issues this week, one on the mainboard and five on the small and medium company (SME) side. Furthermore, around 12 new IPOs will make their market debuts in the following week.

Here’s a list of IPOs which will remain open in the coming week:

Go Digit IPO

The Go Digit IPO will be up for subscriptions on May 15, 2024, and will conclude on May 17, 2024. The Virat Kohli and Anushka Sharma-backed company’s IPO is a book-built issue of ₹2,614.65 crores, consisting of a fresh issue of 4.14 crore shares worth ₹1,125.00 crores and an offer for sale of 5.48 crore shares for ₹1,489.65 crores.

Read More: Aadhar Housing Finance IPO allotment to be out on May 13. Steps to check application progress according to the most recent GMP.

The IPO price range is ₹258–272 per share. ICICI Securities Limited, Morgan Stanley India Company Pvt Ltd, Axis Capital Limited, IIFL Securities Ltd, HDFC Bank Limited, and Nuvama Wealth Management Limited are the book-running lead managers for the Go Digit IPO, with Link Intime India Private Ltd serving as the registrar.

Veritaas Advertising IPO

Veritas Advertising IPO (initial public offering) begins subscriptions on May 13, 2024, and ends on May 15, 2024. The SME IPO has a book value of ₹8.48 crore and is a fresh issue of 7.44 lakh shares.

The SME IPO price band is established at ₹109 to ₹114 per share. Horizon Management Private Limited is the book-running lead manager for the Veritas Advertising IPO, while Mas Services Limited is the registrar. Horizon Financial Consultants has been named the market maker for the Veritas Advertising IPO.

Read More: Veritaas Advertising IPO to open on May 13; price band set at ₹109-114 apiece.

Mandeep Auto Industries IPO

Mandeep Auto Industries’ initial public offering (IPO) will be available for subscription on May 13, 2024, and will conclude on May 15. The SME IPO has a fixed price of ₹25.25 crores and is a fresh issue of 37.68 lakh shares.

The IPO price band is defined at ₹67 per share. Jawa Capital Services Private Limited is the book running lead manager for the Mandeep Auto Industries IPO, while Cameo Corporate Services Limited has been selected as the registrar. Aftertrade Broking serves as the market maker for the Mandeep Auto Industries IPO.

Read More: Mandeep Auto Industries IPO opens on 13 May next week: Everything you need to know about price bands and crucial dates.

Indian Emulsifier IPO

The Indian Emulsifier IPO will be open for subscription on May 13, 2024 and end on May 16, 2024. This is a book-built issue of ₹42.39 crore. The offering is wholly new, totaling 32.11 lakh shares.

The price range is ₹125-₹132 per share. Ekadrisht Capital Private Limited is the book-running lead manager for the Indian Emulsifier IPO, and Maashitla Securities Private Limited has been selected as the registrar. Ss Corporate Securities has been appointed as the market maker for the Indian Emulsifier IPO.

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Quest Laboratories IPO

Quest Laboratories IPO will begin on May 15, 2024, and end on May 17, 2024. The SME IPO has a book value of ₹43.16 crores and is a fresh issue of 44.5 lakh shares.

The SME IPO price band is set at ₹93 to ₹97 per share. Shreni Shares Limited is the bookrunner and lead manager for the Quest Laboratories IPO, while Bigshare Services Pvt. Ltd. serves as the registrar. Rikhav Securities is handling market-making activities for the Quest Laboratories IPO.

Read More: Mandeep Auto Industries IPO opens on 13 May next week: Everything you need to know about price bands and crucial dates.

Rulka Electricals IPO

Rulka Electricals IPO begins on May 16, 2024, and concludes on May 21, 2024. The issue has a book value of ₹26.40 crore. The offering consists of a fresh issue of 8.42 lakh shares totaling ₹19.80 crore and an offer for sale of 2.81 lakh shares totaling ₹6.60 crore.

Shares are priced between ₹223 and ₹235. Beeline Capital Advisors Pvt Ltd is the book-running lead manager for the Rulka Electricals IPO, while Bigshare Services Pvt Ltd is the registrar. Sunflower Broking has been named the market maker for Rulka Electricals’ initial public offering.

Read More: Veritaas Advertising IPO to open on May 13; price band set at ₹109-114 apiece.

New Listings

Indegene IPO: The allotment for the Indegene IPO was completed on Thursday, May 9, 2024. The IPO will be listed on the BSE and NSE on May 13, 2024.

Aadhar Housing Finance IPO: The allotment for the Aadhar Housing Finance IPO is scheduled to be completed on Monday, May 13, 2024.The IPO will list on the BSE and NSE, with a tentative listing date of Wednesday, May 15, 2024.

TBO Tek IPO: The allotment for the TBO Tek IPO is expected to be finalized on Monday, May 13, 2024. The IPO will list on the BSE and NSE, with a tentative listing date of Wednesday, May 15, 2024.

Refractory Shapes IPO: The allotment for Refractory Shapes IPO was finalized on Friday, May 10, 2024. The IPO will list on NSE SME, with a tentative listing date fixed for Tuesday, May 14, 2024.

Winsol Engineers IPO: The allotment was finalized on Friday, May 10, 2024. The IPO will list on NSE SME, with a tentative listing date of Tuesday, May 14, 2024.

Finelistings Technologies IPO: The allotment for Finelistings Technologies IPO was finalized on Friday, May 10, 2024. The IPO will list on BSE SME, with a tentative listing date fixed for Tuesday, May 14, 2024.

Silkflex Polymers IPO: The allotment for the Silkflex Polymers IPO is expected to be completed on Monday, May 13, 2024. The IPO will list on NSE SME, with a tentative listing date of Wednesday, May 15, 2024.

TGIF Agribusiness IPO: The allotment for the TGIF Agribusiness IPO is expected to be finalized on Monday, May 13, 2024. The IPO will list on BSE SME, with a tentative listing date fixed for Wednesday, May 15, 2024.

Energy Mission Machineries IPO: The allotment for the Energy Mission Machineries IPO is expected to be finalized on Tuesday, May 14, 2024. The IPO will list on NSE SME, with a tentative listing date fixed for Thursday, May 16, 2024.

Piotex Industries IPO: The allotment for Piotex Industries’ IPO is expected to be concluded on Wednesday, May 15, 2024. The IPO will list on BSE SME, with a tentative listing date of Friday, May 17, 2024.

Aztec Fluids & Machinery IPO: The allotment for the Aztec Fluids & Machinery IPO is expected to be finalized on Wednesday, May 15, 2024. The IPO will list on BSE SME, with a tentative listing date fixed for Friday, May 17, 2024.

Premier Roadlines IPO: The allotment for the Premier Roadlines IPO is expected to be finalized on Wednesday, May 15, 2024. The IPO will list on NSE SME, with a tentative listing date fixed for Friday, May 17, 2024.

Hi, My self Saurabh Singh

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