Upcoming IPOs Calendar This Week: Following a busy week that saw JNK India’s IPO receive a robust subscription exceeding 28 times subscription, the primary market’s mainboard segment will take a short break. However, investor activity is expected to remain steady with four upcoming SME (small and medium enterprise) IPOs opening for subscription this week, alongside the listing of four previously offered issues.
Focus on SME Public Issues – List of four upcoming IPOs this week
While the mainboard awaits its next offering, the spotlight shifts to SME IPOs. Here’s a breakdown of the four companies entering the primary market this week:
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1. Amkay Products IPO
Amkay Products IPO will open for public subscription on April 30 and will close on May 3. The company targets to raise Rs 12.61 crore through a fresh issue of 22.92 lakh shares. The price band has been fixed at a price of Rs 52 to Rs 55 per share and investors can bid for 2000 shares in one lots Around 50% of the offer is reserved for qualified institutional buyers category while 35% for retail investors and 15% for non-institutional investors. Hem Securities and Bigshare Services will act as the book running lead manager and registrar, respectively.
The company makes, assembles and markets a comprehensive portfolio of medical devices, disposables and other healthcare products like face mask, alcohol swabs, lancet needles, nebulizer, pulse oximeter, surgeon cap used by healthcare centers, hospitals/clinics, nursing homes etc, as per Economic Times report.
2. Storage Technologies and Automation IPO
Another book build issue, Storage Technologies and Automation Limited, opens for subscription on April 30 and closes on May 3. Entirely a fresh issue of 38.4 lakh shares, the company seeks to raise Rs 29.95 crore. The price band is set at Rs 73 to Rs 78 per share and and investors can bid for 1600 shares in one lot. About 50% of the offer is reserved for qualified institutional buyers, 35% for retail investors, 15% for non-institutional investors. Oneview Corporate Advisors and Integrated Registry Management Services will handle book running and registrar duties, respectively. The company specialises in design, manufacturing, installation services of metal storage racks, automated warehouses and other storage solutions.
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3. Sai Swami Metals and Alloys IPO
The initial public offering (IPO) of Sai Swami Metals and Alloys Limited, will open for subscription on April 30 and close on May 3. The company plans to raise about Rs 15 crore through the public issue. The IPO is priced at Rs 60, where investors can bid for 2000 shares in 1 lot. About 50% of the offer is reserved for retail investors and 50% for other investors. Swastika Investmart and Bigshare Services will manage the book running and registrar functions for this IPO. The company is actively involved in the trading and marketing of a comprehensive array of stainless steel products, addressing the diverse needs of our discerning customers. The product line is specifically designed to encompass a wide range of kitchenware, including dinner sets, SS Casseroles, SS Multi Kadai, SS Water Bottles, Stainless Steel Sheets, Stainless Steel Circles, and various types of utensils.
4. Slone Infosystems IPO
Slone Infosystems will launch its fixed-price IPO on May 3, with the subscription window closing on May 7. Slone Infosystems IPO price is Rs 99 per share and the minimum lot size for an application is 1600 shares. The company seeks to raise Rs 11.06 crore by issuing 14 lakh fresh shares. Jawa Capital Services and Kfin Technologies will act as the book running lead manager and registrar, respectively, for this offering.
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Upcoming Listings This Week
Investors eagerly awaiting allotment results can expect to see four companies make their exchange debuts this week:
1. JNK India IPO: JNK India IPO listing is tentatively scheduled for Tuesday, April 30, on both BSE and NSE. The allotment for this IPO was finalized on April 26.
2. Varyaa Creations IPO: Varyaa Creations SME IPO will also list on BSE SME on Tuesday, April 30. Allotment finalization took place on April 26.
3. Shivam Chemicals IPO: Similar to Varyaa Creations, Shivam Chemicals will list on BSE SME on April 30. The allotment process was completed on April 26.
4. Emmforce Autotech IPO: The final listing of the week is Emmforce Autotech, also on BSE SME and scheduled for Tuesday, April 30. Allotment for this SME IPO was finalized on April 26.
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money related decisions.)
