6 april 2024 – Following the blockbuster IPO of Bharti Hexacom that kicked off the fiscal year, the primary market is set for a quieter week ahead with no new mainboard IPOs scheduled. However, the SME segment remains active as three companies prepare to launch their IPOs.
While no new IPOs will debut next week, investors can anticipate the listing of Bharti Hexacom’s public offer, which garnered significant subscription interest, nearly 30 times oversubscribed. Additionally, five other SME companies that recently launched their IPOs will witness their shares being listed on the exchanges.
Market analysts attribute the ongoing optimism in the primary market to efforts aimed at unlocking value, benefitting both promoters and investors. This drive to unlock value bodes well for upcoming listings, fostering anticipation for promising opportunities in the market.
Among the upcoming SME IPOs, Teerth Gopicon’s offering will open for subscription from April 8 to April 10, with a price band set at Rs 111 per share. The company, primarily engaged in engineering construction and development, aims to raise Rs 44 crore through a fresh equity sale.
DCG Cables and Wires is another SME IPO scheduled for subscription from April 8 to April 10, priced at Rs 100 per share. With a fresh equity sale of 39.9 lakh shares, the company seeks to raise approximately Rs 50 crore for manufacturing copper cables and wires.
Greenhitech Ventures will launch its public offer on April 12, aiming to raise around Rs 6.3 crore through a fresh equity issue of 12.6 lakh shares priced at Rs 50 per share. The company specializes in trading petroleum-based products for various industrial sectors.
