The new financial year (FY25) is set to begin on Monday, and will see the debut of a main board public issue i.e. Bharti Hexacom IPO.
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However, seven IPOs from the SME segment are currently open and will close in the next week.
The IPOs of Radiowalla and TAC Infosec are set to close on April 2. Additionally, bids for the Yash Optics & Lens IPO, Jay Kailash Namkeen IPO, and K2 Infragen IPO, all from the SME segment, will close on April 3rd. Lastly, the Aluwind Architectural IPO and Creative Graphics Solutions India IPO, also from the SME segment, are scheduled to end on April 4th.
Bharti Hexacom IPO
Bharti Hexacom IPO subscription opens on April 3, 2024, and ends on April 5, 2024.
The issue aims to raise Rs 4,275 crore through the sale of 7.5 crore shares. The price band of the IPO is set at Rs 542 to Rs 570 per share.
SBI Capital Markets Limited, Axis Capital Limited, Bob Capital Markets Limited, ICICI Securities Limited, and Iifl Securities Ltd are managing the IPO, while Kfin Technologies Limited handles the registrar duties.
Active SME IPOs
Seven IPOs from the SME segment are currently active in the market but will close soon.
Radiowalla IPO – The IPO opened on March 27, 2024, and closes on April 2, 2024. With a price band of Rs 72 to Rs 76 per share, the IPO aims to raise Rs 14.25 crore through a fresh issue of 18.75 lakh shares.
TAC Infosec IPO – It opened on March 27, 2024, and is set to close on April 2, 2024. It targets Rs 29.99 crore through a fresh issue of 28.3 lakh shares, with a price band of Rs 100 to Rs 106 per share.
Yash Optics & Lens IPO – The IPO opened on March 27, 2024, and closes on April 3, 2024. With a price band of Rs 75 to Rs 81 per share, it aims to raise Rs 53.15 crore through a fresh issue of 65.62 lakh shares.
Jay Kailash Namkeen IPO – It opened on March 28, 2024, and closes on April 3, 2024. With a price band of Rs 70 to Rs 73 per share, it targets Rs 11.93 crore through a fresh issue of 16.34 lakh shares.
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K2 Infragen IPO – The IPO opened on March 28, 2024, and closes on April 3, 2024. It aims to raise Rs 40.54 crore through a fresh issue of 34.07 lakh shares, with a price band of Rs 111 to Rs 119 per share.
Aluwind Architectural IPO – Opened on March 28, 2024, and scheduled to close on April 4, 2024. It’s a fixed-price issue targeting Rs 29.70 crore through a fresh issue of 66 lakh shares at Rs 45 per share.
Creative Graphics Solutions India IPO – Also opened on March 28, 2024, and closes on April 4, 2024. With a price band of Rs 80 to Rs 85 per share, it aims to raise Rs 54.40 crore through a fresh issue of 64 lakh shares.
Upcoming IPO listings
The only mainboard IPO of SRM Contractors will list on the Bombay Stock Exchange (BSE), and the National Stock Exchange (NSE) on April 3, 2024.
Vishwas Agri Seeds IPO is set to list on NSE SME on April 1, 2024.
Naman In-Store (India) IPO is set to list on NSE SME on April 2, 2024.
GConnect Logitech IPO will list on BSE SME on April 3, 2024.
Aspire & Innovative IPO is set to list on NSE SME on April 3, 2024.
Blue Pebble IPO is set to list on NSE SME on April 3, 2024.
Vruddhi Engineering Works IPO will list on BSE SME on April 3, 2024.
Trust Fintech IPO is set to list on NSE SME on April 4, 2024.
TAC Infosec IPO and Radiowalla IPO are expected to be listed on NSE SME on April 5, 2024.
