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Ever feel like the IPO market moves at a snail’s pace? Well, this week is definitely not one of those! Get ready for a whirlwind of activity, with new companies entering the IPO market, existing offerings closing their subscriptions, and multiple listings on Dalal Street. Here’s the breakdown:
Fresh Faces on the Block: 3 New IPOs Open for Bidding
The SME segment is the show’s star this week regarding new listings. Three companies are opening their IPOs, aiming to raise ₹86.8 crore.
Chatha Foods
Calling all foodies! This frozen food processor caters to big names like Dominos and Subway’s India franchise, offering a chance to invest in the booming food service industry. They aim to raise ₹34 crore through their IPO opening on March 19th.
Chatha Foods IPO Details
| Offer Price | ₹53 – ₹56 per share |
| Face Value | ₹10 per share |
| Opening Date | 19 March 2024 |
| Closing Date | 21 March 2024 |
| Total Issue Size (in Shares) | 5,962,000 |
| Total Issue Size (in ₹) | ₹34 Cr |
| Issue Type | Book Built Issue IPO |
| Lot Size | 2,000 Shares |
Omfurm India FPO
Omfurn India FPO: This established manufacturer might interest you if you’re into furniture and design. Omfurn India specializes in pre-finished wooden doors and modular furniture and is seeking ₹27 crore through a follow-on public offering.
Omfurm India FPO Details
| Offer Price | ₹71 – ₹75 per share |
| Face Value | ₹10 per share |
| Opening Date | 20 March 2024 |
| Closing Date | 22 March 2024 |
| Total Issue Size (in Shares) | 3,600,000 |
| Total Issue Size (in ₹) | ₹27 Cr |
| Issue Type | Book Built Issue FPO |
| Lot Size | 2,400 Shares |
Vishwas Agri Seeds
This Gujarat-based company is a key player in the seed industry, supplying farmers with over 75 crop varieties. Looking to raise ₹25.8 crore, they could be a good option for investors interested in the agricultural sector.
Vishwas Agri Seeds Limited Details
| Offer Price | ₹86 per share |
| Face Value | ₹10 per share |
| Opening Date | 21 March 2024 |
| Closing Date | 26 March 2024 |
| Total Issue Size (in Shares) | 3,000,000 |
| Total Issue Size (in ₹) | ₹25.80 Cr |
| Issue Type | Fixed Price Issue IPO |
| Lot Size | 1600 Shares |
Closing the Deal: 4 Existing IPOs Wrap Up Subscriptions
For those already tracking some ongoing IPOs, keep an eye on the closing dates:
Facilities management company Krystal Integrated Services Ltd. closes its issue on March 18th. KP Green Engineering’s SME IPO closes on March 19th, alongside Enfuse Solutions and Enser Communications.
| Company | Issue Size | Subscription Closing Date |
| Krystal Integrated Services Ltd. | ₹300.13 Cr. | 18 March 2024 |
| KP Green Engineering | ₹189.50 Cr. | 19 March 2024 |
| Enfuse Solutions’ | ₹22.44 Cr. | 19 March 2024 |
| Enser Communications’ | ₹16.17 Cr. | 19 March 2024 |
The Big Stage: 9 Companies Gear Up for Listing
Nine companies are prepped for listing this week; some are finalized, and others are expected soon. Here’s a quick rundown (tentative listing dates mentioned):
| Company | Exchange | Listing Date |
| Pratham EPC Projects | NSE SME | 18 March 2024 |
| Signoria Creation | NSE SME | 19 March 2024 |
| Royal Sense | BSE SME | 19 March 2024 |
| Popular Vehicles & Services Ltd. | BSE & NSE | 19 March 2024 |
| AVP Infracon | NSE SME | 20 March 2024 |
| Krystal Integrated Services Ltd. | BSE & NSE | 21 March 2024 |
| Enser Communications | NSE SME | 22 March 2024 |
| Enfuse Solutions | NSE SME | 22 March 2024 |
| KP Green Engineering | BSE SME | 22 March 2024 |
Stay Informed, Make Smart Decisions
This week promises to be a dynamic one in the IPO market. With new companies entering the fray and existing offerings reaching their conclusion, there’s much to keep track of. Remember, thorough research is vital before making any investment decisions. So, do your homework, analyze these companies, and see if any align with your financial goals!
*Disclaimer Note: The securities quoted, if any, are for illustration only and are not recommendatory. This article is for education purposes only and shall not be considered as recommendation or investment advice by Research & Ranking. We will not be liable for any losses that may occur. Investment in securities market are subject to market risks. Read all the related documents carefully before investing. Registration granted by SEBI, membership of BASL, and certification from NISM in no way guarantee the performance of the intermediary or provide any assurance of returns to investors.
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IPOs | Current IPOs | Upcoming IPOs| Listed IPOs
I’m Archana R. Chettiar, an experienced content creator with
an affinity for writing on personal finance and other financial content. I
love to write on equity investing, retirement, managing money, and more.
