Dalal Street is showering investors with a different treat this Valentine’s Week: a bouquet of IPOs! Get ready as four companies make their grand debut, raising a combined Rs. 237 cr., while nine others eagerly await their turn in the spotlight. Can you feel the excitement?
Whether you’re a seasoned investor or just starting out, this activity presents potential opportunities and critical decisions. So, let’s explore the exciting world of these upcoming IPOs.
4 Upcoming IPOs this week
1. Vibhor Steel Tubes IPO details
| Offer Price | ₹ 141 – ₹151 per share |
|---|---|
| Face Value | ₹10 per share |
| Opening Date | February 13, 2024 |
| Closing Date | February 15, 2024 |
| Total Issue Size (in Shares) | 47,79,444 sharesUndisclosed |
| Total Issue Size (in ₹) | ₹ 72.17 Cr |
Established in 2003, this company manufactures and supplies steel pipes and tubes to various heavy engineering industries in India. Their product range caters to diverse applications, from water transportation to infrastructure and road safety. Notably, their revenue and profit after tax saw significant growth between FY22 and FY23, indicating potential for further expansion.
2. Wise Travel India IPO details
| Offer Price | ₹ 140 – ₹147 per share |
|---|---|
| Face Value | ₹ 10 per share |
| Opening Date | February 12, 2024 |
| Closing Date | February 14, 2024 |
| Total Issue Size (in Shares) | 64,41,000 |
| Total Issue Size (in ₹) | ₹ 94.68 Cr. |
Another upcoming IPO is worth checking out. This car rental and transportation service provider is first out of the gate this week, offering 64.41 lakh equity shares. Primarily focused on B2B clients, Wise Travel operates convenient airport counters and recently expanded operations to Dubai. Their financials showcase impressive revenue and net profit growth over the past three years.
3. Thaai Casting IPO details
| Offer Price | ₹ 73 – ₹77 per share |
|---|---|
| Face Value | ₹ 10 per share |
| Opening Date | February 15, 2024 |
| Closing Date | February 19, 2024 |
| Total Issue Size (in Shares) | 61,29,600 |
| Total Issue Size (in ₹) | ₹ 47.20 Cr. |
This automotive ancillary company specializes in high-pressure die casting, precision machining, and induction heating for ferrous and non-ferrous materials. With three distinct business verticals, Thaai Casting boasts IATF 16949:2016 certification, ensuring quality standards. Their financials also paint a positive picture, with revenue and profit after tax experiencing significant jumps between FY22 and FY23.
4. Kalahridhaan Trendz IPO details
| Offer Price | ₹ 45 per share |
|---|---|
| Face Value | ₹ 10 per share |
| Opening Date | February 15, 2024 |
| Closing Date | February 20, 2024 |
| Total Issue Size (in Shares) | 49,98,000 |
| Total Issue Size (in ₹) | ₹ 22.49 Cr |
Indeed, it is an upcoming IPO that investors are keeping an eye on. Founded in 2016, this company focuses on dyeing and processing textiles. They manufacture and trade fabrics with embroidery, cater to the B2B market, and boast two divisions: embroidery, knitting, dyeing, and printing. While their revenue growth was modest between FY22 and FY23, their profit after tax saw a remarkable increase, hinting at the potential for future profitability.
Keep an eye on these upcoming IPOs and see which ones interest you!
Upcoming IPOs that are listing this week
While these four are just starting, nine more companies are gearing up to list their shares this week. There’s something for every investor’s taste, from hotels and IT distributors to small finance banks and healthcare solutions. Keep your eyes open for:
- Apeejay Surrendra Park Hotels IPO: This Kolkata-based hotel chain had investors swooning with a subscription that was 59.66 times! And the party continues in the grey market, with shares trading at a sweet 23% premium. Talk about a hot property!
- Rashi Peripherals IPO: The IT product distributor scene got hotter with this IPO, subscribed 59.71 times. Get ready for serious tech buzz as shares trade 25% above the issue price in the grey market.
- Jana Small Finance Bank IPO: This new player in the banking space saw a decent 18.5 times subscription. While the grey market premium is a cool 10%, it’s a chance to be part of India’s growing financial story.
- Capital Small Finance Bank IPO: This one might be a slower starter with a 4 times subscription. But hey, a modest 4-5% premium in the grey market suggests potential for steady growth.
- Entero Healthcare Solutions IPO: This healthcare provider might be a wildcard. Its IPO subscription was a bit lower, but the grey market is showing some love with a 9.38% premium. Could it be a hidden gem?
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IPO | Current IPO | Upcoming IPO | Listed IPO
Don’t Forget the SME Stars among the upcoming IPO listings
The excitement doesn’t stop on the main board. The SME platform, dedicated to smaller companies, also has some upcoming IPOs worth paying attention to:
Italian Edibles IPO: This specialty food company took the cake (literally?) with a mind-blowing 154.43 times subscription! Get ready for a delicious debut on the NSE Emerge.
Alpex Solar IPO: This solar energy player is shining bright with a 60.30 times subscription and a whopping Rs 190 premium in the grey market. Keep an eye out for its listing on February 15th.
Polysil Irrigation Systems & Rudra Gas Enterprise IPOs: These two companies are also set to list this week, offering exposure to agriculture and energy sectors, respectively. Do your research and see if they fit your investment goals.
Remember, due diligence is crucial before investing in any IPO. Carefully analyze each company’s financials, market position, and future prospects to make informed decisions. This week’s lineup offers a diverse range of upcoming IPOs, so do your research and see which ones align with your investment goals!
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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.