The primary market is poised for a lull with no fresh initial public offerings (IPOs) anticipated to debut, likely due to the ongoing general elections. However, the small and medium enterprise (SME) sector remains active, with five public issues scheduled to open for subscription.
Key IPOs This Week:
Awfis Space Solutions IPO
The Awfis Space Solutions IPO, a book-built issue valued at ₹598.93 crores, commenced its subscription phase on May 22, 2024, and will conclude on May 27, 2024. This issue includes a fresh issuance of 0.33 crore shares amounting to ₹128.00 crores and an offer for sale of 1.23 crore shares totaling ₹470.93 crores. The price band for this IPO is set between ₹364 to ₹383 per share. The book-running lead managers are ICICI Securities Limited, Axis Capital Limited, IIFL Securities Ltd, and Emkay Global Financial Services Ltd, with Bigshare Services Pvt Ltd as the registrar. The Grey Market Premium (GMP) is ₹113, forecasting a listing price around ₹496, suggesting a potential gain of 29.50%.
Vilas Transcore IPO
Opening for subscription on May 27, 2024, and closing on May 29, 2024, the Vilas Transcore IPO is a ₹95.26 crores book-built issue, entirely fresh with 64.8 lakh shares. The price band is set between ₹139 to ₹147 per share. Hem Securities Limited is the lead manager, and Bigshare Services Pvt Ltd is the registrar. The GMP is ₹85, with an estimated listing price of ₹232, indicating a 57.82% gain.
Beacon Trusteeship IPO
The Beacon Trusteeship IPO opens on May 28, 2024, and closes on May 30, 2024, with a book-built issue valued at ₹32.52 crores. It includes a fresh issue of 38.72 lakh shares amounting to ₹23.23 crores and an offer for sale of 15.48 lakh shares totaling ₹9.29 crores. The price band is set between ₹57 to ₹60 per share. Beeline Capital Advisors Pvt Ltd is the lead manager, and Kfin Technologies Limited is the registrar. The GMP is ₹65, estimating a listing price around ₹215, suggesting a 108.33% gain.
Ztech India IPO
Scheduled for subscription from May 29, 2024, to May 31, 2024, the Ztech India IPO is a ₹37.30 crore book-built issue, entirely fresh with 33.91 lakh shares. The price band is set between ₹104 to ₹110 per share. Narnolia Financial Services Ltd is the lead manager, and Maashitla Securities Private Limited is the registrar. The GMP is ₹65, estimating a listing price around ₹175, suggesting a 59.09% gain.
Aimtron Electronics IPO
The Aimtron Electronics IPO opens on May 30, 2024, and closes on June 3, 2024. This book-built issue, valued at ₹87.02 crores, comprises a fresh issue of 54.05 lakh shares. The price band is set between ₹153 to ₹161 per share. Hem Securities Limited is the lead manager, and Link Intime India Private Ltd is the registrar. The GMP is ₹40, estimating a listing price around ₹201, suggesting a 24.84% gain.
TBI Corn IPO
Opening for subscription on May 31, 2024, and closing on June 4, 2024, the TBI Corn IPO is a ₹44.94 crore book-built issue, entirely fresh with 47.81 lakh shares. The price band is set between ₹90 to ₹94 per share. Swastika Investmart Ltd and Ekadrisht Capital Private Limited are the lead managers, and Kfin Technologies Limited is the registrar.
Upcoming Listings:
GSM Foils IPO
The allotment for the GSM Foils IPO is expected to be finalized on May 29, 2024, with a tentative listing date on May 31, 2024, on NSE SME. The GMP is ₹8, forecasting a listing price around ₹40, suggesting a 25% gain.
Awfis Space Solutions IPO
The Awfis Space Solutions IPO allotment is expected to be finalized on May 28, 2024, with a tentative listing date on May 30, 2024, on both BSE and NSE. The GMP is ₹113, forecasting a listing price around ₹496, suggesting a 29.50% gain.
Stay informed and vigilant as these opportunities unfold on D-Street.
