IPO Rush: Three New SME Issues, Five Listings To Hit Street
Investors will see one main board listing, as Quality Power Electrical Equipments Ltd. will debut on Feb. 24.
The upcoming week will witness muted activity in the primary markets with no offerings on the mainboard space. Investors will see one main board listing, as Quality Power Electrical Equipments Ltd. debuts on Feb. 24.
Balaji Phosphates Ltd., Nukleus Office Solutions Ltd. and Shreenath Paper Ltd. are the fresh offerings that are set to open this week. All three will be in the small and medium enterprises segment.
Nukleus Office Solutions' Rs 31.70 crore IPO, a fresh issue of 13.55 lakh shares, opens for subscription from Feb. 24 to Feb. 27. Allotment is expected on Feb. 28, with a tentative BSE SME listing on March 4, 2025.
Shreenath Paper's Rs 23.36 crore IPO, a fresh issue of 53.10 lakh shares, opens for subscription on Feb 25. and will end on Feb. 28 at Rs 44 per share. The minimum lot size is 3,000 shares.
Balaji Phosphates' public offering of 71.58 lakh shares includes a fresh issue of 59.40 lakh and an offer for sale of 12.18 lakh shares. Subscription runs from Feb. 28 to March 4, 2025, with allotment expected on Mar 5, 2025.
The week will see five listings with one in the mainboard segment. Shares of Swasth Foodtech India Ltd. and HP Telecom India Ltd. will debut in the SME segment on Feb. 20 while Tejas Cargo India Ltd. and Royalarc Electrodes Ltd. will list on Feb. 24.
Shares of Quality Power Electrical Equipments Ltd. will be listed on the National Stock Exchange and the BSE on Feb. 24. Quality Power's Rs 859-crore initial public offering has been subscribed 1.29 times on its final day. The portion reserved for non-institutional and retail investors has been fully subscribed.
The IPO consisted of a fresh issue of shares worth up to Rs 225 crore and an offer-for-sale of 1.5 crore shares (Rs 634 crore at the upper price band), totalling Rs 859 crore.
