Upcoming IPOs: Seven New Issues, Six Listings This Week

This week will also see one mainboard and five SME companies debuting on the exchanges.

Several initial public offerings are expected to launch in the second week of the new year (Image Source: Unsplash)

Several initial public offerings are expected to launch in the second week of the new year. There are seven new IPOs hitting the markets, while three offerings will continue.

Capital Infra Trust InvIT will open for subscription on Tuesday. The Rs 1,578-crore IPO consists of a mix of both fresh issue and offer for sale of 10.77 crore shares and 5.01 crore shares respectively.

The IPO of Quadrant Future Tek comprises 1 crore shares, totaling Rs 290 crore. Standard Glass Lining Technology Ltd. will open for subscription on Monday. Its Rs 410.1-crore offering includes both fresh issue of 1.5 crore shares and an offer for sale of 1.42 crore shares.

Avax Apparels and Ornaments Ltd. and Delta Autocorp. Ltd. will also be among those that will launch their IPOs, while Fabtech Technologies Cleanrooms Ltd., Davin Sons Retail Ltd. and Parmeshwar Metal Ltd. will resume their subscription.

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Also Read: Standard Glass Lining IPO GMP Surges Over 60% Ahead Of Jan. 6 Launch; Details Here

New Listings

This week will also see one mainboard and five SME companies debuting on the exchanges.

Indo Farm Equipment Ltd. will be the solo mainboard listing this week, after getting subscribed 229.68 times as bids closed on Thursday. Allotment for the Rs 260-crore IPO was finalised on Friday last week.

The tractor and crane manufactured saw NII lead demand for its IPO, with the portion reserved for them getting oversubscribed 503.83 times. The QIB and retail portions were subscribed 242.40 times and 104.92 times, respectively.

The SME segment will see five stocks getting listed on BSE SME, starting with Technichem Organics Ltd. on Jan. 7.

Leo Dry Fruits and Spices Trading Ltd. has closed its subscription and is set to list on the exchanges on Jan. 8.

Davin Sons Retail Ltd., and Parmeshwar Metal Ltd. opened for subscription on Jan. 2 and closed on Jan. 6. Both the companies will list on the exchanges on Jan. 9.

Davin Sons Retail's IPO consisted of only fresh issue of 15.96 lakh shares, totaling to Rs 8.78 crore, while that of Parmeshwar Metal includes 40.56 lakh shares, aggregating Rs 24.7 crore.

Fabtech Technologies Cleanrooms Ltd. opened for subscription from Friday, offering 32.6 lakh shares, with a total value of Rs 27.74 crore. It will list on the bourses on Jan. 10.

Also Read: Bhavish Aggarwal Among Seven Billionaires Created By India’s IPO Boom In 2024

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WRITTEN BY
Sreshti Srinivasan
Sreshti Srinivasan covers markets and business news at NDTV Profit. She hol... more
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