The mainboard segment is expected to remain quiet as no new initial public offerings (IPOs) are scheduled to open, likely due to the ongoing general elections. However, activity will continue in the small and medium enterprise (SME) segment, with five public issues slated to open for subscription.
Among the ongoing issues, the Awfis Space Solutions IPO will conclude its bidding process on May 27 in the mainboard segment. Additionally, shares of the Awfis IPO are anticipated to be listed on Indian bourses on May 30.
Here Are The IPOs To Watch This Week:
Awfis Space Solutions IPO
The bidding for the Awfis Space Solutions IPO opened for subscription on May 22, 2024, and will close on May 27, 2024. This book-built issue is valued at Rs 598.93 crores. It comprises a fresh issue of 0.33 crore shares amounting to Rs 128.00 crore, as well as an offer for sale of 1.23 crore shares totaling Rs 470.93 crores.
Indian Army leadership charts path to Vision@2047 in strategic Delhi meet “This maybe the last opportunity to get hostages home,” says Blinken as he pushes for ceasefire in Gaza Meet the daughter of Hyderabad’s richest man, who helps run her family’s Rs 8,049 crore company and recently purchased two lavish properties for Rs 80 crore Neeraj Chopra: A look at his three-storey bungalow in Haryana, Rs 2 crore Range Rover Sport, and Rs 37 crore net worth
The price band for the IPO is set at Rs 364 to Rs 383 per share. ICICI Securities Limited, Axis Capital Limited, IIFL Securities Ltd, and Emkay Global Financial Services Ltd are the book-running lead managers for the Awfis Space Solutions IPO, with Bigshare Services Pvt Ltd serving as the registrar for the issue.
Also Read
The Grey Market Premium (GMP) for the Awfis Space Solutions IPO stands at Rs 113. With the IPO’s price band set at ₹383.00, analysts estimate the IPO’s listing price to be around Rs 496. This suggests an expected percentage gain per share of 29.50%.
Vilas Transcore IPO
The Vilas Transcore IPO opens for subscription on May 27, 2024, and closes on May 29, 2024. This SME IPO is a book-built issue valued at Rs 95.26 crores, comprising entirely of a fresh issue of 64.8 lakh shares.
The SME IPO price band is established at Rs 139 to Rs 147 per share. Hem Securities Limited serves as the book-running lead manager for the Vilas Transcore IPO, with Bigshare Services Pvt Ltd appointed as the registrar for the issue.
The Grey Market Premium (GMP) for the Vilas Transcore SME IPO stands at Rs 85. With the IPO’s price band set at Rs 147.00, analysts estimate the IPO’s listing price to be around Rs 232. This suggests an expected percentage gain per share of 57.82%.
Beacon Trusteeship IPO
The Beacon Trusteeship IPO opens for subscription on May 28, 2024, and closes on May 30, 2024. It constitutes a book-built issue valued at Rs 32.52 crores. The IPO comprises a fresh issue of 38.72 lakh shares amounting to Rs 23.23 crores and an offer for sale of 15.48 lakh shares totaling Rs 9.29 crores.
The price band for this upcoming SME IPO is set at Rs 57 to Rs 60 per share. Beeline Capital Advisors Pvt Ltd is designated as the book running lead manager for the Beacon Trusteeship IPO, while Kfin Technologies Limited serves as the registrar for the issue.
The Grey Market Premium (GMP) for the Beacon Trusteeship SME IPO stands at Rs 65. With the IPO’s price band set at Rs 60.00, analysts estimate the IPO’s listing price to be around Rs 215. This suggests an expected percentage gain per share of 108.33%.
Ztech India IPO
The Ztech India IPO opens for subscription on May 29, 2024, and closes on May 31, 2024. This SME IPO is a book-built issue valued at Rs 37.30 crore, comprising entirely of a fresh issue of 33.91 lakh shares.
The price band for the IPO has been set at Rs 104 to Rs 110 per share. Narnolia Financial Services Ltd is the appointed book running lead manager for the Ztech India IPO, while Maashitla Securities Private Limited is serving as the registrar for the issue.
The Grey Market Premium (GMP) for the Ztech India SME IPO stands at Rs 65. With the IPO’s price band set at Rs 110.00, analysts estimate the IPO’s listing price to be around Rs 175. This suggests an expected percentage gain per share of 59.09%.
Aimtron Electronics IPO
The Aimtron Electronics IPO opens for subscription on May 30, 2024, and closes on June 3, 2024. This SME IPO constitutes a book-built issue valued at Rs 87.02 crore, entirely comprising a fresh issue of 54.05 lakh shares.
The price band for the Aimtron Electronics IPO has been set at Rs 153 to Rs 161 per share. Hem Securities Limited is appointed as the book running lead manager for the IPO, while Link Intime India Private Ltd is designated as the registrar for the issue.
The Grey Market Premium (GMP) for the Aimtron Electronics SME IPOstands at Rs 40. With the IPO’s price band set at Rs 161.00, analysts estimate the IPO’s listing price to be around Rs 201. This suggests an expected percentage gain per share of 24.84%.
TBI Corn IPO
The TBI Corn IPO opens for subscription on May 31, 2024, and closes on June 4, 2024. This book-built issue is valued at Rs 44.94 crore and consists entirely of a fresh issue of 47.81 lakh shares.
Also Read
The price band for this SME IPO is set at Rs 90 to Rs 94 per share. Swastika Investmart Ltd and Ekadrisht Capital Private Limited are the appointed book running lead managers of the TBI Corn IPO, while Kfin Technologies Limited is designated as the registrar for the issue.
New Listings next week –
GSM Foils IPO
The allotment for the GSM Foils IPO is anticipated to be finalized on Wednesday, May 29, 2024. The IPO is slated to list on NSE SME, with a tentative listing date set for Friday, May 31, 2024.
The Grey Market Premium (GMP) for the GSM Foils SME IPO stands at Rs 8. With the IPO’s price band set at Rs 32.00, analysts estimate the IPO’s listing price to be around Rs 40. This suggests an expected percentage gain per share of 25%.
Awfis Space Solutions IPO
The allotment for the Awfis Space Solutions IPO is anticipated to be finalized on Tuesday, May 28, 2024. The IPO is scheduled to list on both BSE and NSE, with a tentative listing date set for Thursday, May 30, 2024.
The Grey Market Premium (GMP) for the Awfis Space Solutions IPO stands at Rs 113. With the IPO’s price band set at Rs 383.00, analysts estimate the IPO’s listing price to be around Rs 496. This suggests an expected percentage gain per share of 29.50%.
