IPOs Next Week: The primary market is going to be busy during the trading week from February 24 to 28th, with 3 new public offers of Nukleus Office Solutions IPO, Shreenath Paper IPO and Balaji Phosphate IPO. Furthermore, 3 ongoing IPOs such as HP Telecom, Swasth Foodtech, and Beezaasan Explotech will close their public issue in the coming week. Apart from this, 5 IPOs are likely to make their market debut on BSE and NSE.
IPOs Listing Next Week:
Quality Power IPO: The IPO which opened from February 14 to February 18 at a price band of Rs 401 to Rs 425, will be listed on BSE and NSE on February 24. Quality Power had oversubscribed by 1.29x on its last day of the IPO.
Royal Arc Electrodes IPO: This SME IPO opened from February 14 to February 18 at a price band of Rs 114 to Rs 120, and bagged a full subscription of 1.6x on NSE. The IPO will debut on the NSE SME index on February 24.
Tejas Cargo India IPO: Yet another SME IPO that opened from February 14 to February 18 on NSE at a price band of Rs 160 to Rs 168, and was fully subscribed by 1.15x on the last day of bidding. This IPO will debut on NSE SME on February 24.
HP Telecom India IPO: This SME IPO is currently open on NSE, and its tentative listing date on the NSE SME index is on February 28.
Swasth Foodtech IPO: This SME IPO is available for bidding on BSE and will close in the coming week's trading session. Its tentative listing date on the BSE SME index is also on February 28.
Ongoing IPOs:
HP Telecom India IPO:
This IPO is worth Rs 34.23 crore and opened for bidding on February 20th. The IPO will close on February 24. The price band of the IPO is Rs 108 apiece. The bid lot size is 1200 Equity Shares and in multiples thereof. By the end of the second day, HP Telecom IPO fully subscribed by 1.26x on February 21, with strong demand from retail and non-institutional investors whose portion subscribed by 1.06 times and 1.45 times respectively.
Swasth Foodtech India Limited IPO:
This Rs 14.92 crore worth IPO opened on February 20, and will be available for subscription on BSE till February 24. The price band for the IPO is Rs 94 apiece. The IPO has already fully subscribed by 3.92 times on the second day of its issue which was on February 21. Retail and non-institutional investors category subscribed by 6.77 times and 1.08 times respectively.
Beezaasan Explotech IPO:
Also an SME IPO, its size is of Rs 59.93 crore. The IPO opened on February 21 and will close on February 25. The price band is at Rs 165 to Rs 175 per share. On the first day of its issue, the IPO subscribed by 0.43 times its total offer, with demand from all categories of investors.
New IPOs Next Week:
Nukleus Office Solutions IPO:
Nukleus will be an SME IPO on BSE with a size of Rs 31.70 crore. The public offer will open on February 24 and will close on February 27. The price band for the IPO is at Rs 234 per share.
Shreenath Paper IPO:
Yet another fresh issue under the category of SME that will open on February 25. Subscriptions will be available till February 28 and only on BSE. The IPO size is Rs 23.36 crore. Its price band is at Rs 44 per share.
Balaji Phosphate IPO:
Balaji Phosphate IPO is also an SME IPO but will be available for subscription on NSE. The IPO will open on February 28 and will be available till March 4, 2025. The price band of the IPO is yet to be fixed.
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