IPO Calendar: Primary market to breathe easy with only 2 IPOs scheduled next week
Agencies
Synopsis
The Street will see a flurry of listings, four of them in the mainboard segment. Three IPOs of Rashi Peripherals, Jana SFB and Capital SFB opened last week and closed for subscription. The listings of these three public offers are scheduled for next week.
By Akash Podishetti, ETMarkets.com
After a hectic week, the primary market will breathe a little easy with only two IPOs — one in the mainboard and one in the SME segment — opening in the upcoming week.
Meanwhile, the issue of Entero Healthcare, which opened on Friday, will close on February 13. Entero's listing is also scheduled for next week.
Analysts said the surge in domestic capital influx, robust growth of Indian entrepreneurial endeavours, advancements in governance standards, and the active engagement of conscientious institutional investors will collectively contribute to the sustained momentum expected in the IPO market throughout 2024.
Here's what’s on the table for next week:
The initial public offering (IPO) of Vibhor Steel will open for subscription on February 13 and close on February 15. The IPO, which is priced at Rs 141-151 per share, is completely a fresh equity issue worth Rs 72 crore.
About 50% of the offer is reserved for qualified institutional buyers, 35% for retail investors and the rest 15% for non-institutional investors.
Vibhor Steel Tubes is a manufacturer and exporter of mild steel ERW black and galvanized pipes, hollow steel pipes, and cold-rolled steel (CR) strips. The company has been in business for over 2 decades.
Net proceeds from the public offer are proposed to be utilised for funding of working capital requirements and general corporate purposes.
Khambatta Securities is acting as the book-running lead manager and Kfin Technologies is the registrar for the IPO.
SME segment
The public offering for WTI Cabs will open for subscription on February 12 and close on February 14. The issue, which is priced in the range of Rs 140-147, comprises a fresh equity sale of 64.41 lakh shares.
Through the IPO, the company plans to raise about Rs 95 crore.
Share India Capital is acting as the book-running lead manager, while Beetal Financial is the registrar for the issue.
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However, the Street will see a flurry of listings, four of them in the mainboard segment. Three IPOs of Rashi Peripherals, Jana SFB and Capital SFB opened last week and closed for subscription. The listings of these three public offers are scheduled for next week.Meanwhile, the issue of Entero Healthcare, which opened on Friday, will close on February 13. Entero's listing is also scheduled for next week.
Analysts said the surge in domestic capital influx, robust growth of Indian entrepreneurial endeavours, advancements in governance standards, and the active engagement of conscientious institutional investors will collectively contribute to the sustained momentum expected in the IPO market throughout 2024.
Here's what’s on the table for next week:
The initial public offering (IPO) of Vibhor Steel will open for subscription on February 13 and close on February 15. The IPO, which is priced at Rs 141-151 per share, is completely a fresh equity issue worth Rs 72 crore.
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About 50% of the offer is reserved for qualified institutional buyers, 35% for retail investors and the rest 15% for non-institutional investors.
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Vibhor Steel Tubes is a manufacturer and exporter of mild steel ERW black and galvanized pipes, hollow steel pipes, and cold-rolled steel (CR) strips. The company has been in business for over 2 decades.
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Net proceeds from the public offer are proposed to be utilised for funding of working capital requirements and general corporate purposes.
Khambatta Securities is acting as the book-running lead manager and Kfin Technologies is the registrar for the IPO.
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SME segment
The public offering for WTI Cabs will open for subscription on February 12 and close on February 14. The issue, which is priced in the range of Rs 140-147, comprises a fresh equity sale of 64.41 lakh shares.Through the IPO, the company plans to raise about Rs 95 crore.
Share India Capital is acting as the book-running lead manager, while Beetal Financial is the registrar for the issue.
(You can now subscribe to our ETMarkets WhatsApp channel)
