For investors eagerly waiting for a big ticket mainboard IPO, the dry spell continues. It’s been over a month since we last saw a mainboard company hit the bourses, and this week too, the segment remains inactive. But while the mainboard market stays quiet, the SME space is brimming with action.
Between March 24 and March 28, four new SME initial public offerings (IPOs) will open for subscription. Not just that, five companies are also scheduled to make their market debut on the SME exchanges, making it a packed week for SME looking to raise capital.
Here is a look at the four public issue that are set to open this week:
Desco Infratec IPO
One of the first IPOs to hit the market this week is Desco Infratech, which will open for subscription on Monday, March 24. With a total issue size of Rs 30.75 crore, the IPO will remain open till Wednesday, March 26, before heading for allotment.
The price band has been set at Rs 147 to Rs 150 per share, with investors required to bid for a minimum of 1,000 shares. Those looking to get a piece of this construction and infrastructure company will need to invest at least Rs 1.5 lakh. If all goes as per schedule, Desco Infratech is likely to make its debut on the BSE SME platform on April 1.
Shri Ahimsa Naturals IPO
Another SME issue, Shri Ahimsa Naturals will open for bidding on Tuesday, March 25, and stay open till Thursday, March 27. This IPO, valued at Rs 73.81 crore, consists of both a fresh issue and an offer for sale.
The price range of this SME issue has been set between Rs 113 to Rs 119 per share. Investors must bid in multiples of 1,200 shares, meaning a minimum investment of Rs 1,42,800 is required. If the IPO gets a good response, the stock is expected to list on the NSE SME exchange on April 2.
ATC Energies System IPO
Another company entering the IPO space this week is ATC Energies System, which will also open for bidding on March 25. The Rs 63.76 crore offering comprises both a fresh issue and an offer for sale, with a price band of Rs 112 to Rs 118 per share.
The allotment process will conclude by March 28, and the stock is expected to be listed on April 2.
Identixweb IPO
Rounding off the IPO action for the week is Identixweb, which will open for subscription on March 24 and close on March 26. The web solutions company is looking to raise Rs 16.63 crore, with shares priced between Rs 51 to 54 apiece. The minimum bid lot for this IPO is 2,000 shares, meaning retail investors must invest at least Rs 1,08,000 to participate. Identixweb is set to list on BSE SME on April 3.
Beyond the IPOs: 5 SME listings lined up
While new IPOs will dominate the headlines, five SME companies are gearing up to list on the stock exchanges this week.
Among them, Divine Hira Jewellers and Paradeep Parivahan will be the first to make their market debut on March 24.
Following them, Grand Continent Hotels is expected to list on March 27, while Active Infrastructures and Rapid Fleet will go live on March 28.