IPO Calendar April 2024: Upcoming IPOs On NSE, BSE for April 15 - April 19

Numerous firms have had their initial public offerings (IPOs) in April 2024, making it a busy month for IPOs. For retail investors, the week of April 15-19 looks to be very exciting as many companies are getting ready to launch their initial public offerings. Let's examine closely at a few of the most important IPOs that are planned for this time frame.

Vodafone Idea FPO:

Vodafone Idea, India's third-largest telecom service provider, has announced its plans to raise Rs 18,000 crore via a Follow-On Public Offer (FPO). The FPO opens for public subscription on Thursday, April 18, 2024, and closes on Monday, April 22, 2024. With a face value of Rs 10, the 16,363,636,363 equity shares that make up the FPO are offered between Rs 10 and Rs 11 per share. The lot size for the FPO is fixed at 1298 shares, with a minimum investment amount of Rs 14,278. The basis of allotment is scheduled for Wednesday, April 24, 2024, and the shares will be listed on BSE and NSE on Thursday, April 25, 2024.

Ramdevbaba Solvent IPO:

Ramdevbaba Solvent's IPO opens for subscription on Monday, April 15, 2024, and closes on Thursday, April 18, 2024. The price band for the IPO is set at Rs 80-85. The public issue comprises a fresh issue of 5,913,600 equity shares aggregating up to Rs 50.27 crore. Investors can bid for a minimum of 1600 shares and in multiples thereof, with a minimum investment amount of Rs 136,000. On Tuesday, April 23, 2024, Ramdevbaba Solvent shares are expected to have their BSE SME debut.

Grill Splendour Services Limited IPO (Birdy's IPO)

Grill Splendour Services Limited's IPO opens for subscription on Monday, April 15, 2024, and closes on Thursday, April 18, 2024. The price band for the IPO is set at Rs 120 apiece. The public issue comprises a fresh issue of 1,372,800 equity shares aggregating up to Rs 16.47 crore. Investors can bid for a minimum of 1200 shares and in multiples thereof, with a minimum investment amount of Rs 1,44,000.

IPOs Review

The upcoming week in April 2024 is poised to be an exciting one for IPO investors, with Vodafone Idea, Ramdevbaba Solvent, and Grill Splendour Services Limited all set to launch their public offerings. These IPOs present opportunities for investors to participate in the growth stories of these companies and could potentially offer attractive returns in the future. Investors are advised to carefully consider their investment objectives and risks before participating in these IPOs.