Upcoming IPOs in April 2024: The subscription for two initial public offerings (IPOs) will begin on Monday i.e. April 8. According to the National Stock Exchange (NSE), the subscription window for both these IPOs will be closed for the bidders on April 10. An IPO is an important step in the growth of a business. It provides a company access to funds through the public capital market.
Read More: Teerth Gopicon IPO To Open on April 8; Fixes Price at Rs 111/share
Upcoming IPOs on April 8, 2024: Full List
As per the NSE, two IPOs will be opened for the subscription of the bidders. These are – DCG Cables and Wires Limited and Teerth Gopicon Limited.
DCG Cables and Wires Limited IPO
The DCG Cables and Wires Limited is an SME company and has planned to raise Rs 49,99,200 through the public issue. The company is engaged in the manufacturing of copper wires and cables. Established in 2007, the company’s products include Enamelled Copper Wires / Magnet Wires, Enamelled Copper Strips, Paper Covered Copper Strips And Wires Bare Annealed Copper Wires And Strips, and Copper Tape among others.
The share of DCG Cables and Wires Limited is commanding a strong GMP or grey market premium in the unlisted market. According to multiple websites, that track grey market activities, DCG Cables and Wires Limited share ranges between Rs 10 to Rs 18. This translates into a GMP of 10 to 18 per cent.
The issue price of the DCG Cables and Wires Limited IPO is Rs 100 per equity share while the face value is Rs 10 per equity share.
The investors can bid for a minimum of 1200 equity shares and in multiples thereof. The maximum subscription amount for retail investors is Rs 2 lakh.
Interactive Financial Services Limited is the book-running lead manager while ICICI Bank Limited is the Sponsor Bank. Bigshare Services Private Limited is the registrar for the DCG Cables and Wires Limited IPO.
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Teerth Gopicon Limited IPO
The Teerth Gopicon Limited is also a small- and medium-sized enterprise (SME). It has planned to raise Rs 39,99,600 through the public issue. Teerth Gopicon Limited is engaged in engineering construction and development, mainly focusing on roads, sewerage and water distribution projects in Madhya Pradesh and expanding its geographical footprint to other states.
The share of Teerth Gopicon Limited is also commanding a strong GMP or grey market premium in the unlisted market. According to multiple websites, that track grey market activities, Teerth Gopicon Limited share ranges between Rs 10 to Rs 18. This translates into a GMP of 9 to 16 per cent.
The issue price of the Teerth Gopicon Limited IPO is Rs 111 per equity share while the face value is Rs 10 per equity share.
The investors can bid for a minimum of 1200 equity shares and in multiples thereof. The maximum subscription amount for retail investors is Rs 2 lakh.
Interactive Financial Services Limited is the book-running lead manager while ICICI Bank Limited is the Sponsor Bank. Bigshare Services Private Limited is the registrar for the Teerth Gopicon Limited IPO.
Read More: BSE Introduces New Limit Price Protection Mechanism: Here’s What It Brings
Upcoming IPOs on April 12: List
Greenhitech Ventures Limited will be opened for the subscription of the bidders on April 12.
Greenhitech Ventures Limited IPO
Greenhitech Ventures Limited is an SME company and has a fixed price issue of Rs 6.30 crore. The subscription for bidders will close on April 16. The allotment will be finalised on April 18 and the refunds will be initiated on April 19. The company will be listed on the exchange on April 22. According to multiple websites, that track grey market activities, the shares of Greenhitech Ventures Limited is 0 per cent.
