Six IPOs set to debut on Dalal Street next week: Know details
The total value of these IPOs amounts to over Rs 3,300 crore, with five companies also scheduled for listing on the bourses.
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Six initial public offerings (IPOs) are poised to make their debut on Dalal Street next week, reflecting the ongoing momentum in the secondary market, where the Nifty 50 recently reached a historic high. The total value of these IPOs amounts to over Rs 3,300 crore, with five companies also scheduled for listing on the bourses.
Platinum Industries will kick off the IPO spree on February 27, with the offering closing on February 29. Priced at Rs 162-171 per share, the company aims to raise Rs 235.32 crore solely through a fresh issue, without an offer-for-sale component.
Exicom Tele-Systems, a provider of electric vehicle charging solutions, will follow suit with its IPO also running from February 27 to February 29. Priced at Rs 135-142 per share, the IPO includes a mix of fresh issuance of shares worth Rs 329 crore by the company and an offer-for-sale of Rs 100 crore by promoter NextWave Communications.
Highways Infrastructure Investment Trust will be the last IPO from the mainboard segment, opening on February 28 and closing on March 1. With a price band of Rs 98-100 per unit, the trust, which owns a portfolio of seven roads, aims to raise Rs 2,500 crore.
In the SME segment, Owais Metal and Mineral Processing will open its IPO on February 26 and close on February 28, priced at Rs 83-87 per share, with only a fresh issue component.
Purv Flexipack, a packaging solutions provider, will launch its IPO on February 27, closing on February 29, priced at Rs 70-71 per share, also consisting solely of a fresh issue.
MVK Agro Food Product, a sugar company, will conclude the IPO lineup, opening for subscription from February 29 to March 4 at a fixed price of Rs 120 per share.
Additionally, GPT Healthcare's maiden public issue is set to close on February 26, with trading in its equity shares commencing on February 29. Juniper Hotels, owned by Saraf Hotels and Hyatt Hotels Corporation, will make its debut on the bourses on February 28. While the IPO of Juniper Hotels was subscribed just 2.08 times, GPT Healthcare's IPO shares were available at around an 8 percent premium over the upper price band.
In the SME segment, Zenith Drugs, Deem Roll Tech, and Sadhav Shipping are also slated to make their debut on NSE Emerge on February 27, February 27, and March 1, respectively.
It's essential for investors to conduct thorough research or consult certified experts before making any investment decisions.
