Four IPOs to open for subscription, 9 companies to hit Dalal Street next week

Despite volatility and consolidation in the secondary markets, the primary market continues to exhibit strength. Four IPOs are set to hit Dalal Street with a fundraising plan of Rs 237 crore, while nine companies are scheduled to debut on the bourses in the coming week beginning February 12.

In the mainboard segment, there will be one IPO and five companies scheduled for debut, while in the SME segment, three IPOs will open for subscription with four companies making their debut.

Vibhor Steel Tubes IPO:

The Haryana-based steel pipes and tubes manufacturer is set to launch its maiden public issue for subscription on February 13. The Rs 72-crore IPO, closing on February 15, comprises only a fresh issue by the company. The price band for the offer is fixed at Rs 141-151 per share, with proceeds mainly directed towards working capital requirements and general corporate purposes.

Wise Travel India IPO:

The car rentals and transportation services provider will lead the week with a public issue of 64.41 lakh equity shares on February 12. Bidding will close on February 14, aiming to raise Rs 94.68 crore through a fresh issue. The funds will primarily support working capital requirements and general corporate purposes, with the price band set at Rs 140-147 per share.

Thaai Casting IPO:

The automotive ancillary company's maiden public issue for subscription will open between February 15 and February 19. The IPO comprises only a fresh issue of 61.3 lakh equity shares, aiming to raise Rs 47.2 crore at the upper end of the price band of Rs 73-77 per equity share. The funds will be utilized for capital expenditure and general corporate purposes.

Kalahridhaan Trendz IPO:

This IPO will come out on February 15, offering 49.98 lakh equity shares at a fixed price of Rs 45 per share, totaling Rs 22.49 crore. The textile company plans to utilize IPO proceeds for working capital requirements and general corporate purposes.

Additionally, Alpex Solar and Ahmedabad-based Rudra Gas Enterprise are set to close their public issues on February 12, while the last date for Polysil Irrigation Systems IPO will be February 13.

In the mainboard segment, Apeejay Surrendra Park Hotels will debut on February 12, followed by Rashi Peripherals, Jana Small Finance Bank, and Capital Small Finance Bank on February 14. Entero Healthcare Solutions shares will be available for trading from February 16.

In the SME segment, Italian Edibles, Alpex Solar, and Polysil Irrigation Systems are set to list shares on February 12, February 15, and February 16, respectively. Rudra Gas Enterprise will commence trading on the BSE SME on February 15.

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