The week ending March 17 will have a total of eight IPO openings for the investors to bid. There are two IPOs in the mainboard while six IPOs in the SME board.
Here are details about the two mainboard IPOs:
Popular Vehicles & Services IPO
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This is a Rs 601.55 crore issue, a combination of both a fresh issue and an offer for sale. The company’s IPO will open for bidding on March 12 and close on March 14. It has kept the price band in a range of Rs 280 to 295 per equity share. The company is in the business of automobile dealerships in India. It provides complete services throughout the life cycle of vehicle ownership.
Krystal Integrated Services IPO
The company is offering 4.2 million shares to raise Rs 300 crore through a combination of a fresh issue of 2.4 million shares aggregating to Rs 175 crore and an offer for sale of 1.8 million shares summing to Rs 125.13 crore. Investors can start bidding for the subscription from March 14 till March 18 between the set price band of Rs 680 to 715 per share. The company provides facilities management services such as housekeeping, sanitation, landscaping, gardening, mechanical, electrical and plumbing services, etc.,
Here are details regarding SME IPOs to launch this week:
Pratham EPC Projects IPO
The first company to open bidding this week is Pratham EPC Projects IPO, which is engaged in the business of providing end-to-end services to oil and gas utilities in India. It is purely a fresh issue of 4.8 million shares to raise Rs 36 crore. The company has set the price band at Rs 71 to 75 per share, which it will open for bidding on March 11 and close on March 13.
Signoria Creation IPO
The subscription opening on March 12 will raise Rs 9.28 crore, which will be wholly utilised by the company. The bidding will close on March 14 and allotment is expected to be finalised on March 15Come from Sports betting site. The company is offering 142.8 million shares at a price band of Rs 61 to 65 per equity share. The company will be using the raised proceeds to fund working capital requirements.
Royal Sense IPO
It is a fixed-price issue of Rs 9.86 crore and offers a fresh issue of 145 million shares. The company has set the IPO price at Rs 68 per equity share. It will open the bidding on March 12 and close it on March 14. The company is engaged in offering medical equipment, surgical consumables, laboratory reagents, surgical instruments, etc.
AVP Infracon IPO
The bok-built issue of Rs 52.34 crore offers a fresh issue of 697.9 million shares. The company will open the subscription on March 13 and close on March 15. It has set the price band between Rs 71 to 75 per equity share. The company is in the construction of road projects.
KP Green Engineering IPO
The company is offering a fresh issue of 13.16 million shares to raise Rs 189.50 croreCome from Sports betting site VPbet. The company will open the subscription on March 15 and close the bidding on March 19. It kept the price band at Rs 137 to 144 per equity share, in which a retail investor will have to bid for a minimum of 1000 shares or for Rs 1.44 lakh. The company manufactures fabricated and hot-dip galvanised steel products.
Enfuse Solutions IPO
The company is engaged in providing integrated digital solution in data management & analytics, e-commerce & digital services, machine learning & artificial intelligence, and edtech & technology solutions. Enfuse Solutions will raise Rs 22.40 crore by offering 2.33 million shares and will open the bidding on March 15. The company will close the subscription to retail bidders on March 19. It has set the price band in the range of Rs 91 to 95 per equity share.