Three IPOs, SME segment, set to debut on Dalal Street next week

Next week, the primary market is anticipated to experience a lull, particularly in the mainboard segment, while the SME section remains active. The spotlight will be on three IPOs set to debut on Dalal Street, all within the SME segment.

One notable IPO is from DCG Wires and Cables, a copper cables and wires manufacturer based in Ahmedabad. The company aims to raise Rs 49.99 crore through its maiden public issue, with subscription opening on April 8 and closing on April 10. Priced at Rs 100 per share, the issue comprises solely of fresh equity shares totaling 49.99 lakh. The funds raised will be allocated towards various purposes including building construction, working capital requirements, and general corporate needs.

Another IPO to watch out for is from Teerth Gopicon, a construction company, which will also commence its initial share sale from April 8 to April 10. Priced at Rs 111 per share, the company seeks to raise Rs 44.4 crore through a fixed-price issue of 39.99 lakh equity shares. The proceeds will primarily be utilized for meeting working capital requirements and general corporate purposes, alongside covering IPO expenses.

Lastly, Uttar Pradesh-based Greenhitech Ventures will launch its IPO on April 12, closing on April 16. With a price of Rs 50 per share, the company aims to mobilize Rs 6.3 crore. The funds raised will be directed towards working capital needs, general corporate purposes, and IPO expenses.

In contrast, there will be no new public issues in the mainboard segment during the upcoming week. However, on April 12, Bharti Hexacom, a subsidiary of Bharti Airtel, is scheduled to list on the mainboard segment. The company, offering mobile, fixed-line telephone, and broadband services in specific regions of India, recently concluded its Rs 4,275-crore public issue with significant subscription figures. Market observers anticipate positive listing prices due to favorable market conditions and strong parentage support.

Additionally, the SME segment will witness five listings next week, with Yash Optics & Lens, K2 Infragen, and Jay Kailash Namkeen making their debut on April 8, followed by Creative Graphics Solutions India, and Aluwind Architectural commencing trading on April 9.

Overall, while the mainboard segment remains quiet, the SME segment is poised for considerable activity with multiple IPOs and listings.

Disclaimer: Investors are advised to exercise caution and consult certified experts before making any investment decisions.