Dalal Street will have a busy week ahead of it with 7 IPOs. With benchmark indices consistently reaching new highs, the primary market is ready to offer investors several investment options, contributing to the buoyant mood.
The initial public offerings are from AVP Infracon Limited, Krystal Integrated, KP Green Engineering, Popular Vehicles, Pratham EPC Projects, Royal Sense Limited and Signoria Creation.
1. AVP Infracon
On March 13, AVP Infracon, an infrastructure-building company, will begin its initial public offering (IPO). The pricing range for the SME IPO, which ends on March 16, is between Rs 71 and Rs 75 per share.
At the upper end of the price range, the business aims to raise Rs 52.34 crore through the book-built issuance, a completely new offering of 69.79 lakh equity shares. On March 18, 2024, the IPO allotment is set to complete. The NSE Emerge platform will host the equity shares of AVP Infracon, with a provisional listing date of March 20.
2. IPO of Krystal Integrated Services
The IPO consists of an offer-for-sale (OFS) by promoter Krystal Family Holdings of 17.5 lakh equity shares and a new issuance of equity shares valued at Rs. 175 crore. The day before the issue opening, on March 13, the anchor book, which consists of up to 60% of eligible institutional purchasers, will be opened.
3. KP Green Engineering
Subscriptions for the issue will start on March 15, 2024, and end on March 19, 2024. The issue’s price range is between Rs. 137 and Rs. 144 per share. An application has to have a minimum lot size of 1,000 shares.
Through this IPO, the company hopes to raise Rs 189.50 crores. March 20, 2024, is the expected completion date for the KP Green Engineering IPO allotment, with March 22, 2024, as the provisional listing date.
4. Popular Vehicles and Services
The IPO for Popular Vehicles and Services, a car dealer operating in Kerala, will begin accepting subscriptions on March 12. Rs. 280-295 is the price range for each share by the corporation. The anchor bidding starts on March 11, finally concluding on March 14. On March 15, the allocation basis will reach its conclusion.
On March 19, the stock will go live on exchanges. The IPO consists of an offer-for-sale (OFS) of 11.92 million shares by private equity fund BanyanTree Growth Capital II LLC and a fresh issue of Rs 250 crore.
5. Pratham EPC Projects
On March 11, Pratham EPC Projects will start its first public offering (IPO), ending On March 13. The pricing range for the offering is set between Rs. 71 and Rs. 75 per share. The business aims to raise Rs 36 crore via this offer, which is solely a fresh issue of 48 lakh equity shares at the higher end of the price range.
The IPO allotment for Pratham EPC Projects will end on March 14. The company intends to cover working capital needs, buy machinery, and use the proceeds from the new issue for general corporate objectives.
6. Royal Sense
The Royal Sense Initial Public Offering (IPO) will commence on March 12 and end on March 14, 2024. This new issuance of 14.5 lakh shares comprises a fixed price issue of Rs. 9.86 crore. The price per share of the offering is Rs. 68. The basis of allotment will conclude on March 15, 2024, with a preliminary listing date of March 19, 2024.
Royal Sense, established in 2023 provides diagnostic kits, laboratory and medical equipment, medical disposables, and surgical instruments and consumables.
7. Signoria Creation
The subscription window for the Signoria Creation IPO will begin on March 12 and end on March 14. This new offer of 14.28 lakh shares and a book-built issue of Rs. 9.28 crores. The issue price is between Rs 61 and Rs. 65 per share.
Since its inception in 2019, Signoria Creation Limited has been crafting and marketing women’s apparel. These include kurtis, skirts, blouses, sets, dupattas, and dresses. Unit I and Unit II, the company’s two manufacturing facilities, are at Mansarovar and Sanganer, Jaipur, Rajasthan.
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