Despite the ongoing general elections and market volatility, the primary market will remain active in the coming week. D-Street is set to witness the launch of three new initial public offerings (IPOs).
With one in the mainboard segment and two in the small and medium enterprise (SME) sector. Additionally, six new listings on the Indian bourses are scheduled for next week.
Here are the IPOs which will remain open for subscription this week-
Associated Coaters IPO
The Associated Coaters IPO opened for subscription on May 30 and will close on June 3. This SME IPO is a fixed-price issue valued at Rs 5.11 crores and consists entirely of a fresh issue of 4.22 lakh shares.
The price band for the SME IPO stands at Rs 121 per share. Gretex Corporate Services Limited acts as the book-running lead manager for the Associated Coaters IPO, with Bigshare Services Pvt Ltd serving as the registrar for the issue. Gretex Share Broking functions as the market maker for the Associated Coaters IPO.
The Grey Market Premium (GMP) for the Associated Coaters IPO stands at Rs 51. With the IPO’s price band set at Rs 121.00, analysts estimate the IPO’s listing price to be around Rs 172. This suggests an expected percentage gain per share of 42.15%.
Aimtron Electronics IPO
The Aimtron Electronics IPO bidding commenced on May 30 and is set to conclude on June 3. This SME IPO constitutes a book-built issue amounting to Rs 87.02 crore, consisting entirely of a fresh issue of 54.05 lakh shares.
The price band for the SME IPO has been set between Rs 153 to Rs 161 per share. Hem Securities Limited is appointed as the book-running lead manager for the Aimtron Electronics IPO, with Link Intime India Private Ltd acting as the registrar for the issue. Hem Finlease has been designated as the market maker for the Aimtron Electronics IPO.
The Grey Market Premium (GMP) for the Aimtron Electronics IPO stands at Rs 75. With the IPO’s price band set at Rs 161.00, analysts estimate the IPO’s listing price to be around Rs 236. This suggests an expected percentage gain per share of 46.58%.
TBI Corn IPO
The TBI Corn IPO bidding commenced on May 31 and is scheduled to conclude on June 4. This SME IPO constitutes a book-built issue valued at Rs 44.94 crore, comprising a fresh issue of 47.81 lakh shares.
The price band for the IPO is set at Rs 90 to Rs 94 per share. Swastika Investmart Ltd and Ekadrisht Capital Private Limited are serving as the book running lead managers for the TBI Corn IPO, with Kfin Technologies Limited acting as the registrar for the issue. Ss Corporate Securities has been designated as the market maker for the TBI Corn IPO.
The Grey Market Premium (GMP) for the TBI Corn IPO stands at Rs 84. With the IPO’s price band set at Rs 94.00, analysts estimate the IPO’s listing price to be around Rs 178. This suggests an expected percentage gain per share of 89.36%.
Kronox Lab Sciences IPO
The Kronox Lab Sciences IPO will be open for subscription from June 3 to June 5. This book-built issue is valued at Rs 130.15 crores and consists entirely of an offer for sale of 0.96 crore shares.
The IPO price band has been established at Rs 129 to Rs 136 per share. Pantomath Capital Advisors Pvt Ltd is the book-running lead manager for the Kronox Lab Sciences IPO, while Kfin Technologies Limited is the registrar for the offering.
The Grey Market Premium (GMP) for the Kronox Lab Sciences IPO stands at Rs 82. With the IPO’s price band set at Rs 136.00, analysts estimate the IPO’s listing price to be around Rs 218. This suggests an expected percentage gain per share of 60.29%.
Magenta Lifecare IPO
The Magenta Lifecare IPO will open for subscription on June 5 and close on June 7. This fixed-price offering amounts to Rs 7 crores and consists entirely of a fresh issuance of 20 lakh shares.
The IPO price has been set at Rs 35 per share. Fedex Securities Pvt Ltd is the book-running lead manager for the Magenta Lifecare IPO, with Cameo Corporate Services Limited acting as the registrar for the issuance. Sunflower Broking is serving as the market maker for the IPO.
Sattrix IPO
The Sattrix IPO will open for subscription on June 5 and close on June 7. This SME IPO is a fixed-price offering valued at Rs 21.78 crores, consisting entirely of a fresh issue of 18 lakh shares.
The SME IPO price has been set at Rs 121 per share. Isk Advisors Pvt Ltd is the book-running lead manager for the Sattrix IPO, with Bigshare Services Pvt Ltd acting as the registrar for the offering. Sunflower Broking is the market maker for the Sattrix IPO.
New Listings next week –
Vilas Transcore IPO
The allotment for the Vilas Transcore IPO was completed on Thursday, May 30. The IPO is scheduled to be listed on the NSE SME on June 3.
The Grey Market Premium (GMP) for the Vilas Transcore IPO stands at Rs 97. With the IPO’s price band set at Rs 147.00, analysts estimate the IPO’s listing price to be around Rs 244. This suggests an expected percentage gain per share of 65.99%.
Beacon Trusteeship IPO
The allotment for the Beacon Trusteeship IPO was finalized on Friday, May 31. The IPO is set to list on the NSE SME, with a tentative listing date of Tuesday, June 4.
The Grey Market Premium (GMP) for the Beacon Trusteeship IPO stands at Rs 75. With the IPO’s price band set at Rs 60 .00, analysts estimate the IPO’s listing price to be around Rs 135. This suggests an expected percentage gain per share of 125%.
Ztech India IPO
The allotment for the Ztech India IPO is expected to be finalized on Monday, June 3. The IPO is scheduled to list on the NSE SME, with a tentative listing date of Tuesday, June 4.
The Grey Market Premium (GMP) for the Ztech India IPO stands at Rs 58. With the IPO’s price band set at Rs 110 .00, analysts estimate the IPO’s listing price to be around Rs 168. This suggests an expected percentage gain per share of 52.73%.
Associated Coaters IPO
The allotment for the Associated Coaters IPO is expected to be finalized on Tuesday, June 4. The IPO is scheduled to list on the BSE SME, with a tentative listing date of Thursday, June 6.
The Grey Market Premium (GMP) for the Associated Coaters IPO stands at Rs 51. With the IPO’s price band set at Rs 121.00, analysts estimate the IPO’s listing price to be around Rs 172. This suggests an expected percentage gain per share of 42.15%.
Aimtron Electronics IPO
The allotment for the Aimtron Electronics IPO is expected to be finalized on Tuesday, June 4. The IPO is set to list on the NSE SME, with a tentative listing date of Thursday, June 6.
The Grey Market Premium (GMP) for the Aimtron Electronics IPO stands at Rs 75. With the IPO’s price band set at Rs 161.00, analysts estimate the IPO’s listing price to be around Rs 236. This suggests an expected percentage gain per share of 46.58%.
TBI Corn IPO
The allotment for the TBI Corn IPO is expected to be finalized on Wednesday, June 5. The IPO is scheduled to list on the NSE SME, with a tentative listing date of Friday, June 7.
The Grey Market Premium (GMP) for the TBI Corn IPO stands at Rs 84. With the IPO’s price band set at Rs 94.00, analysts estimate the IPO’s listing price to be around Rs 178. This suggests an expected percentage gain per share of 89.36%.
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