Busy Week Ahead for IPOs As Several Companies Gear Up To Hit The Market
As the year winds down, the Indian stock market is gearing up for a flurry of Initial Public Offerings (IPOs) and new listings, offering investors an array of opportunities. Here is a roundup of the companies set to make waves in the coming week:
Akanksha Power and Infrastructure IPO
Akanksha Power and Infrastructure's IPO is scheduled to open for subscription on Wednesday, 27 December, and will close on Friday, 29 December. The company aims to raise Rs 27.49 crore through a fresh issue of 49.98 lakh shares at a price band of Rs 52–55 per share. The minimum and maximum lot for retail investors is set at 01, equivalent to 2000 shares, requiring a payment of Rs 1,10,000 at the upper band price.
Shri Balaji Valve Components IPO
Shri Balaji Valve Components is set to hit the market with an IPO opening on 27 December, aiming to raise Rs 21.60 crore through the issuance of fresh equity shares. The price band for the offer is set at Rs 95–100 per equity share, and the retail investor quota is fixed at 35 per cent of the net offer. Retail investors can participate with a lot size of 01, equivalent to 1200 shares, and a payment of Rs 1,20,000 at the upper band price.
Manoj Ceramic IPO
Manoj Ceramic's IPO is scheduled to open for subscription on 27 December, aiming to raise Rs 14.47 crore through the issuance of fresh equity shares. The price band for the offer is set at Rs 62 per equity share, with a face value of Rs 10 each. Retail investors can participate with a lot size of 01, equivalent to 2000 shares, and a minimum payment of Rs 1,24,000.
HRH Next Services IPO
HRH Next Services is also set to launch its IPO on the same dates, aiming to raise Rs 9.57 crore through the issuance of fresh equity shares. The price band for the offer is fixed at Rs 36 per equity share, with a face value of Rs 10 each. Retail investors can participate with a lot size of 1, equivalent to 3000 shares, requiring a minimum payment of Rs 1,08,000.
Kay Cee Energy & Infra IPO
Kay Cee Energy & Infra IPO is scheduled to open for subscription on 28 December and will remain open until 2 January. The company aims to raise Rs 15.93 crore through the issuance of fresh equity shares at a price band of Rs 51–54 per equity share. Retail investors can participate with a lot size of 1, equivalent to 2000 shares, and a payment of Rs 1,08,000 at the upper band price.
New Listings This Week
This week, the stock exchanges will witness the debut of 10 companies, including Sahara Maritime, Suraj Estate Developers, Motisons Jewellers, Muthoot Microfin, Electro Force (India), Credo Brands Marketing, RBZ Jewellers, Happy Forgings, Shanti Spintex, and Azad Engineering. Analysts anticipate a robust opening for some of these companies, driven by the substantial interest they garnered during the subscription phase.
Investors and market enthusiasts are advised to stay tuned for the latest developments and market trends as they navigate these new opportunities in the last leg of 2023.
