Following the recent debut of JNK India IPO, the mainboard segment of the primary market is poised for a pause, with investor attention shifting towards upcoming small and medium enterprise (SME) offerings and listings.
Despite a somewhat subdued start to the new financial year FY25 in the IPO market, optimism persists regarding the potential of forthcoming public issues, according to Mahavir Lunawat, Managing Director of Pantomath Capital Advisors Pvt. Ltd.
Here’s a rundown of the IPOs slated for subscription in the upcoming week:
1. **Storage Technologies & Automation IPO**: Scheduled to open for subscription from April 30, 2024, to May 3, 2024, this SME IPO involves a book-built issue of ₹29.95 crore, comprising entirely fresh issuance of 38.4 lakh shares. The price band for Storage Technologies & Automation IPO is set at ₹73 to ₹78 per share. Oneview Corporate Advisors Private Limited serves as the book running lead manager, while Integrated Registry Management Services Private Limited is the registrar for the issue.
2. **Amkay Products IPO**: Also commencing subscription on April 30, 2024, and closing on May 3, 2024, this SME IPO entails a book-built issue of ₹12.61 crores, entirely through fresh issuance of 22.92 lakh shares. The price band for Amkay Products IPO is fixed at ₹52 to ₹55 per share. Hem Securities Limited is the appointed book running lead manager, with Bigshare Services Pvt Ltd serving as the registrar for the issue.
3. **Sai Swami Metals & Alloys IPO**: Opening for subscription on April 30, 2024, and closing on May 3, 2024, this SME IPO involves a fixed-price issue of ₹15 crores, comprising entirely fresh issuance of 25 lakh shares. The price per share for Sai Swami Metals & Alloys IPO is set at ₹60. Swastika Investmart Ltd is the designated book running lead manager, while Bigshare Services Pvt Ltd acts as the registrar for the issue.
4. **Slone Infosystems IPO**: Scheduled for subscription from May 3, 2024, to May 7, 2024, this SME IPO is a fixed-price issue of ₹11.06 crores, comprising entirely fresh issuance of 14 lakh shares. The price per share for Slone Infosystems IPO is set at ₹79. Jawa Capital Services Private Limited is the appointed book running lead manager, with Kfin Technologies Limited serving as the registrar for the issue.
Additionally, there are four new listings:
– JNK India IPO: Allotment finalized on April 26, 2024, with a listing on BSE and NSE scheduled for April 30, 2024.
– Varyaa Creations IPO: Allotment finalized on April 26, 2024, with listing on BSE SME slated for April 30, 2024.
– Shivam Chemicals IPO: Allotment finalized on April 26, 2024, with listing on BSE SME set for April 30, 2024.
– Emmforce Autotech IPO: Allotment finalized on April 26, 2024, with listing on BSE SME scheduled for April 30, 2024.
