Upcoming IPOs Next Week: 4 New Listings & 3 Current Offers You Should Know

The Indian stock market is set for another exciting week with four upcoming IPOs and three current offerings. Investors looking for fresh opportunities should take note of these companies hitting the primary market from March 24th to March 29th Here's a detailed look at the upcoming and ongoing IPOs you can consider.

Upcoming IPOs Next Week

1. Identixweb Limited IPO

The Identixweb Limited IPO, an SME issue worth Rs 16.63 crore, is set to open on March 26, 2024, and close on March 28, 2024. The IPO comprises a fresh issue of 30.80 lakh shares, with a price band of ₹51 to ₹54 per share. Identixweb Limited is a technology-driven company specializing in e-commerce solutions, particularly Shopify app development, catering to the growing digital commerce industry. With the rapid expansion of online retail, this IPO presents a promising opportunity for investors looking to tap into the booming IT and software solutions sector.

2. ATC Energies System Limited IPO

ATC Energies System Limited's SME IPO is set to open on March 25, 2024, and close on March 27, 2024, with a price band of ₹112 to ₹118 per share. The IPO comprises a book-built issue of ₹63.76 crores, including a fresh issue of 43.24 lakh shares and an offer for sale of 10.80 lakh shares. Operating in the sustainable energy sector, ATC Energies focuses on power systems and energy management solutions, making it an attractive investment for those looking to tap into the growing demand for renewable energy solutions.

3. Shri Ahimsa Naturals Limited IPO

Shri Ahimsa Naturals Limited's SME IPO will open on March 25, 2024, and close on March 27, 2024, with a price band of ₹113 to ₹119 per share. The IPO is a book-built issue worth Rs. 73.81 crores, comprising a fresh issue and an offer for sale. Established in 1990, the company specializes in organic and plant-based consumer products, catering to the rising demand for natural and eco-friendly solutions.

4. Desco Infratech Limited IPO

Desco Infratech Limited's SME IPO is set to open on March 24, 2024, and close on March 26, 2024, with a price band of ₹147 to ₹150 per share. This book-built issue is a fresh issue of ₹30.75 crores, making it a key opportunity in the infrastructure and construction sector. Established in January 2011, Desco Infratech specializes in engineering, planning, and construction, with a strong presence in the city gas distribution, renewable energy, water, and power sectors.

Current IPOs Still Open for Subscription

1. Active Infrastructures Limited IPO

The subscription for Active Infrastructures Limited opened on March 21st and will close on March 25th with a price band of Rs.178 to Rs.181 per share. This book-built issue is valued at Rs. 77.83 crores, offering investors an opportunity in the construction and infrastructure sector. Established in 2007, Active Infrastructures Limited is a civil construction company specializing in infrastructure development and commercial project construction.

2. Rapid Fleet Management Services Limited IPO

Rapid Fleet Management Services Limited's SME IPO began its subscription on March 21st at a price band of Rs. 183 to Rs. 192 per share. The IPO will close on March 25th. This book-built issue is valued at Rs.43.87 crores and consists entirely of a fresh issue of 22.85 lakh shares. With a market capitalization of Rs. 142.75 crores, the company operates in the logistics and transportation sector.

3. Grand Continent Hotels Limited IPO

This hospitality sector IPO opened for subscription on March 20th and is expected to close on March 24th. Grand Continent Hotels Limited's SME IPO is a book-built issue valued at Rs. 74.46 with a price band of Rs. 107 to Rs. 113 per share. The IPO comprises both a fresh issue and an offer for sale of 3.29 lakh shares amounting to Rs. 3.72 crores. Established in 2011, Grand Continent Hotels is a mid-market hotel chain in India.