Market Frenzy: Five IPOs To Hit Dalal Street This Week With Rs 2700 Crore, Six Listings On Cards

The primary market is set to witness a flurry of activity next week with four mainboard and one small and medium enterprise (SME) initial public offerings (IPOs) aiming to raise a collective Rs 2,700 crores. This surge in IPO activity is part of a larger trend, with 25 draft offer documents currently in progress and nearly 30 companies securing regulatory approval to raise funds exceeding Rs 30,000 crores.

Here's a detailed look at the five IPOs opening for subscription next week:

Apeejay Surrendra Park Hotels Limited IPO

Scheduled to open on February 5, 2024, and close on February 7, 2024, Apeejay Surrendra Park Hotels Limited is eyeing a fund infusion of Rs 920 crores. The issue, a book-built one, comprises a fresh issue of Rs 600 crores and an offer for sale of Rs 320 crores. The price band for the IPO is set at Rs 147 to Rs 155 per share. Leading the IPO are book-running lead managers JM Financial Limited, ICICI Securities Limited, and Axis Capital Limited, with Link Intime India Private Ltd serving as the registrar.

Rashi Peripherals Limited IPO

Rashi Peripherals Limited is set to open its IPO for subscription from February 7, 2024, to February 9, 2024. The company aims to raise Rs 600 crores through a book-built issue of 1.93 crore fresh shares. The IPO's price band is established at Rs 295 to Rs 311 per share. Jm Financial Limited and ICICI Securities Limited are the book-running lead managers, and Link Intime India Private Ltd is the registrar overseeing the process.

Jana Small Finance Bank Limited IPO

Launching its IPO on February 7, 2024, and closing on February 9, 2024, Jana Small Finance Bank Limited is targeting Rs 570 crores. The book-built issue comprises a fresh issue of 1.12 crore shares (Rs 462 crores) and an offer for sale of 0.26 crore shares (Rs 108 crores). The IPO price band is set at Rs 393 to Rs 414 per share. Axis Capital Limited, ICICI Securities Limited, and SBI Capital Markets Limited are the book-running lead managers, with Kfin Technologies Limited serving as the registrar.

Capital Small Finance Bank Limited IPO

Scheduled to open on February 7, 2024, and conclude on February 9, 2024, Capital Small Finance Bank Limited aims to raise Rs 523 crores through a book-built issue. The IPO consists of a fresh issue of 0.96 crore shares (Rs 450 crores) and an offer for sale of 0.16 crore shares (Rs 73 crores). The price band is fixed at Rs 445 to Rs 468 per share. Nuvama Wealth Management Limited, Dam Capital Advisors Ltd, and Equirus Capital Private Limited are the book running lead managers, and Link Intime India Private Ltd is the registrar.

Alpex Solar Limited IPO

Targeting a more modest Rs 74 crore, Alpex Solar Limited is set to open its SME IPO from February 8, 2024, to February 12, 2024. The book-built issue involves an entirely fresh issue of 64.8 lakh shares with a price band of Rs 109 to Rs 115 per share. Corporate Capitalventures Pvt Ltd takes the lead as the book running lead manager, with Skyline Financial Services Private Ltd acting as the registrar. Ss Corporate Securities will serve as the market maker for Alpex Solar IPO.

Several companies are set to make their debut on the stock exchanges:

BLS E-Services Limited IPO: The allotment was finalized on Friday, February 2, 2024, and is scheduled to be listed on BSE, NSE on Tuesday, February 6, 2024.

Megatherm Induction Limited IPO: Allotment finalized on Thursday, February 1, 2024, and the SME IPO will be listed on NSE SME on February 5, 2024.

Harshdeep Hortico Limited IPO: Allotment finalized on Thursday, February 1, 2024, and the SME IPO will be listed on BSE SME on February 5, 2024.

Mayank Cattle Food Limited IPO: Allotment finalized on Thursday, February 1, 2024, and the SME IPO will be listed on BSE SME on February 5, 2024.

Baweja Studios Limited IPO: Allotment finalized on Friday, February 2, 2024, and the SME IPO is set to list on NSE SME on Tuesday, February 6, 2024.

Gabriel Pet Straps Limited IPO: The allotment is expected to be finalized on Monday, February 5, 2024, with the SME IPO set to list on BSE SME on Wednesday, February 7, 2024.

Investors are gearing up to participate in these IPOs, contributing to the ever-evolving landscape of the Indian stock market. The successful listings of recent IPOs add an extra layer of confidence, further enticing market participants to explore new investment opportunities.