After a bustling week, the primary market is gearing up for a break. Just two new initial public offerings (IPOs) will be available for subscription next week, coinciding with ongoing general elections.
Apart from these new offerings, D-Street will see up to eight listings, including Go Digit General Insurance, which recently opened for subscription and received considerable investor interest, suggesting a generally positive market sentiment.
In the upcoming week, Awfis Space Solutions, a top provider of shared workspaces in India, is set to launch its IPO, aiming to raise approximately ₹599 crore.
Upcoming IPOs
Next week, several Initial Public Offerings (IPOs) will be open for subscription. Here’s a rundown of the upcoming IPOs:
Awfis Space Solutions IPO
The Awfis Space Solutions IPO will be available for subscription from May 22 to May 27, 2024. This IPO aims to raise ₹598.93 crores through a combination of new shares worth ₹128.00 crores and existing shares worth ₹470.93 crores. Each share is priced between ₹364 to ₹383.
ICICI Securities Limited, Axis Capital Limited, IIFL Securities Ltd, and Emkay Global Financial Services Ltd are managing the IPOs, while Bigshare Services Pvt Ltd is handling the registration process.
Rulka Electricals IPO
Rulka Electricals is offering shares to the public for the first time through an IPO, starting from May 16, 2024, and ending on May 21, 2024. The company aims to raise ₹26.40 crores through this process. They plan to issue 8.42 lakh new shares, worth ₹19.80 crores, and sell 2.81 lakh existing shares, valued at ₹6.60 crores.
The price range for the IPOs shares is between ₹223 to ₹235 each. Beeline Capital Advisors Pvt Ltd is managing the IPO process, while Bigshare Services Pvt Ltd is handling the paperwork. Sunflower Broking will act as the market maker for Rulka Electricals’ IPO.
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Hariom Atta & Spices IPO
The IPO for Hariom Atta & Spices is now available for subscription from May 16 to May 21, 2024. This IPO, specifically designed for small and medium-sized businesses, offers 11.55 lakh new shares at a fixed price of ₹48 per share, totaling ₹5.54 crores.
GYR Capital Advisors Private Limited is managing the process, with Kfin Technologies Limited overseeing registrations. Giriraj Stock Broking is acting as the market maker for this IPO.
GSM Foils IPO
The GSM Foils IPO will be available for subscription from May 24 to May 28, 2024. This IPOs, aimed at small and medium enterprises (SMEs), offers 34.4 lakh shares at a fixed price of ₹32 per share, totaling ₹11.01 crores. Shreni Shares Limited is managing the book-running process, with Bigshare Services Pvt Ltd handling the registration. Shreni Shares also acts as the market maker for this IPO.
New Listings
Go Digit IPO: Keep an eye out for the Go Digit IPOs allotment, expected to wrap up on May 21, 2024. You can catch its listing on both the BSE and NSE by May 23, 2024.
ABS Marine Services IPO: The ABS Marine Services IPO allotment was done on May 16, 2024. Get set for its listing on the NSE SME on May 21, 2024.
Veritaas Advertising IPO: Veritaas Advertising’s IPO allotment concluded on May 16, 2024. It’s heading to the NSE SME, listing on May 21, 2024.
Mandeep Auto Industries IPO: Mandeep Auto Industries’ IPO allotment was finalised on May 16, 2024. Look out for its listing on the NSE SME on May 21, 2024.
Indian Emulsifier IPO: The Indian Emulsifier IPO allotment was decided on May 17, 2024. You can catch its listing on the NSE SME around May 22, 2024.
Quest Laboratories IPO: Anticipate the Quest Laboratories IPO allotment by May 21, 2024. It’s aiming for a listing on the NSE SME by May 23, 2024.
Hariom Atta & Spices IPO: Watch out for the Hariom Atta & Spices IPO’s allotment by May 22, 2024. It’s expected to hit the NSE SME by May 24, 2024.
Rulka Electricals IPO: Expect the Rulka Electricals IPO share allocation by May 22, 2024. Its listing on the NSE SME is slated for May 24, 2024.
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Upcoming IPOs FAQs
Q.1. When is the subscription period for Awfis Space Solutions IPO?
Ans. Subscription for Awfis Space Solutions IPO runs from May 22 to May 27, 2024.
Q.2. What is the price range for Rulka Electricals IPO shares?
Ans. Rulka Electricals IPO shares are priced between ₹223 to ₹235 each.
Q.3. Who is managing the GSM Foils IPO process?
Ans. Shreni Shares Limited is managing the GSM Foils IPO book-running process.
Q.4. When will Go Digit IPO be listed?
Ans. Go Digit IPO is expected to be listed on both BSE and NSE by May 23, 2024.
Q.5. What is the total amount targeted by Hariom Atta & Spices IPO?
Ans. Hariom Atta & Spices IPO aims to raise ₹5.54 crores through 11.55 lakh new shares priced at ₹48 each.
