It will be a buzz-worthy week at the stock market, with as many as six upcoming IPOs and 12 listings starting today (13 May). While thereās Rulka from the electricals industry, thereās also Go Digit from General Insurance, Mandeep from Auto, Veritaas Advertising, HOAC Foods, Quest Laboratories, and Indian Emulsifiers opening their IPOs. These organizations, which include 6 SMEs, plan to raise ā¹2,765.87 crore.
If the array of names and sectors proves challenging, you can check all the details to determine which stocks grab your interest. Here’s a low-down:
IPOS That Will Open This Week
| Company Name | Offer Price | Opening Date | Closing Date | Issue Size |
| Veritaas Advertising Ltd | ā¹114 | 13-05-24 | 15-05-24 | ā¹8.48 Cr |
| Mandeep Auto Industries Ltd | ā¹67 | 13-05-24 | 15-05-24 | ā¹25.25 Cr |
| Indian Emulsifier Ltd | ā¹132 | 13-05-24 | 16-05-24 | ā¹42.39 Cr |
| Go Digit General Insurance | ā¹258 to ā¹272 | 15-05-24 | 17-05-24 | ā¹2614.65 Cr |
| Quest Laboratories Ltd | ā¹93 to ā¹97 | 15-05-24 | 17-05-24 | ā¹43.16 Cr |
| Rulka Electricals Ltd | ā¹223 to ā¹235 | 16-05-24 | 16-05-24 | ā¹26.40 Cr |
Veritaas Advertising Ltd
Veritaas Advertising Limited has 30+ years of experience offering comprehensive advertising solutions, including brand strategy, events, transit media, OOH, radio, TV, and print media. It serves prestigious clients across multiple cities, such as Vi, Ultratech Cement, Yamaha, Mitsubishi Electric, and ITC Limited, ensuring brand presence, engagement, and increased sales. Veritaas plans to raise ā¹8.48 crores through its IPO.
| IPO Date | 13 May 2024 to 15 May 2024 |
| Face Value | ā¹10 per share |
| Price Band | ā¹109 to ā¹114 per share |
| Lot Size | 1200 Shares |
| Total Issue Size | 744,000 shares( fresh issue of ā¹8.48 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE (SME Market) |
Veritaas Ipo Objectives include:
- Funding set-up of new police booths in Maharashtra, West Bengal, Assam, Delhi
- Funding Pole Kiosks to set up traffic signal point displays in Mumbai, Kolkata, and Pune
- General Corporate Purposes
Mandeep Auto Industries Ltd:
Founded in 2000, Mandeep Auto Industries is a top-tier manufacturer of automotive and industrial components. From 2010 to 2015, the company expanded, enhancing capabilities by incorporating Automatic Gear Hobbling & CNC systems. Some of their partners include Hero, JL Autoparts, Murugappa, and Rockman. Their IPO intends to raise ā¹25.25 crores.
| IPO Date | 13 May 2024 to 15 May 2024 |
| Face Value | ā¹10 per share |
| Price | ā¹67 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 3,768,000 shares(fresh issue ā¹25.25 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE (SME Market) |
Mandeep Auto Industries IPO Objectives include:
- Expanding the existing manufacturing facility and constructing a building on the adjacent land
- Purchasing equipment, machinery, etc., for the facility expansion
- Repaying certain debts
- Funding working capital requirements
- General corporate expenses
Also Read: CNC Full Form in Share Market
Indian Emulsifiers Limited
The company manufactures, supplies, and markets specialty chemicals to industries, including Food, Cosmetics, Pharmaceuticals, Home care, Institutional and Industrial Cleaning, Metal Cleaning, Mining, Agriculture, etc. With over 30 years of experience in the chemical industry, it has set up a state-of-the-art manufacturing facility at MIDC LOTE outside Mumbai.
It has a production capacity of 6,000 metric tons per annum and is equipped with computerized process control, an innovative R&D center, Quality Control, and Application Laboratories. The companyās issue size is ā¹42.39 crore. The companyās price band is ā¹132, and its last GMP was ā¹180.
| IPO Date | 13 May 2024 to 16 May 2024 |
| Face Value | ā¹10 per share |
| Price Band | ā¹125 to ā¹132 per share |
| Lot Size | 1000 Shares |
| Total Issue Size | 3,211,000 shares(aggregating up to ā¹42.39 Cr) |
| Fresh Issue | 3,211,000 shares(aggregating up to ā¹42.39 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE (SME) |
Indian Emulsifiers IPO Objectives:
- Capital expenditure requirements for plant and machinery, civil work, and installation cost
- Working capital expenditures for general corporate purposes
Go Digit General Insurance Ltd
The company provides insurance products and services in motor, health, and other insurances such as international travel, shop, home, and life insurance. Since its inception in 2017, 3+ crore customers have opted for its services. The company, backed by Virat Kohli and Anushka Sharma, now opens for subscription on May 15, 2024, with an issue size of ā¹2,614.65 crores. With a price band of ā¹272, Go Digit General Insurance IPOās last GMP was ā¹47.
| IPO Date | May 15, 2024 to May 17, 2024 |
| Face Value | ā¹10 per share |
| Price Band | ā¹258 to ā¹272 per share |
| Lot Size | 55 Shares |
| Total Issue Size | 96,126,686 shares(aggregating up to ā¹2,614.65 Cr) |
| Fresh Issue | 41,360,294 shares(aggregating up to ā¹1,125.00 Cr) |
| Offer for Sale | 54,766,392 shares (aggregating up to ā¹1,489.65 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
Go Digit IPO objectives include:
- Undertaking existing business activities
- Use net proceeds to enhance its visibility and brand image
Quest Laboratories Ltd
Quest Laboratories Limited is a June 1998-incorporated pharmaceutical company that manufactures various medications, including diabetes treatments, antibiotics, antimalarials, respiratory medications, antidepressants, and more.
The company operates in 12 states and 2 union territories, with the manufacturing unit in Dhar, Madhya Pradesh. Quest Laboratories’ IPO price band is set at ā¹93 to ā¹97, but there has been no update on its GMP yet.
| IPO Date | 15 May 2024 to 17 May 2024 |
| Face Value | ā¹10 per share |
| Price Band | ā¹93 to ā¹97 per share |
| Lot Size | 1200 Shares |
| Total Issue Size | 4,449,600 shares(fresh issue of ā¹43.16 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE (SME) |
Quest Laboratories Ltd IPO Objectives:
- Expenditure for purchasing plant and machinery for expanding the existing manufacturing facility
- Companyās working capital requirements
- General corporate purposes
Rulka Electricals Limited
Founded in 2004, Rulka offers Engineering, Installation, and Commissioning services for upcoming and existing plants. It also provides electrical supplies for commercial, industrial, residential complexes, utilities, and telecommunications. The company has grown quickly since its establishment and offers quality products and services, including consultancy, designing, supplying, and installing electricals. Their IPO is looking to raise ā¹26.40 crore. While its price band is ā¹235, Rulkaās GMP as of 14 May was ā¹65.
| IPO Date | 16 May 2024 to 21 May 2024 |
| Face Value | ā¹10 per share |
| Price Band | ā¹223 to ā¹235 per share |
| Lot Size | 600 Shares |
| Total Issue Size | 1,123,200 shares(aggregating up to ā¹26.40 Cr) |
| Fresh Issue | 842,400 shares(aggregating up to ā¹19.80 Cr) |
| Offer for Sale | 280,800 shares (aggregating up to ā¹6.60 Cr) |
| Issue Type | Book Built Issue IPO |
Rulka Electricals Ltd IPO Objectives:
- To meet working capital requirement
- General corporate expenses
- To meet offer expenses
Upcoming Listings This Week
| Company Name | Exchange | Listing Date | Issue Price |
| Indegene | BSE, NSE | May 13, 2024 | ā¹430 to ā¹452 |
| Aadhar Housing Finance | BSE, NSE | May 15, 2024 | ā¹300 to ā¹315 |
| TBO Tek | BSE, NSE | May 15, 2024 | ā¹875 to ā¹920 |
| Refractory Shapes | NSE SME | May 14, 2024 | ā¹27 to ā¹31 |
| Winsol Engineers | NSE SME | May 14, 2024 | ā¹71 to ā¹75 |
| Finelistings Technologies | BSE SME | May 14, 2024 | ā¹123 |
| Silkflex Polymers | NSE SME | May 15, 2024 | ā¹52 |
| TGIF Agribusiness | BSE SME | May 15, 2024 | ā¹93 |
| Energy Mission Machineries | NSE SME | May 16, 2024 | ā¹131 to ā¹138 |
| Piotex Industries | BSE SME | May 17, 2024 | ā¹94 |
| Aztec Fluids & Machinery | BSE SME | May 17, 2024 | ā¹63 to ā¹67 |
| Premier Roadlines | NSE SME | May 17, 2024 | ā¹63 to ā¹67 |
As the week brings a diverse range of companies across various sectors to the market through their IPOs, you must thoroughly research before investing in them.
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IPOs | Current IPOs | Upcoming IPOs| Listed IPO
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Iām Archana R. Chettiar, an experienced content creator with
an affinity for writing on personal finance and other financial content.Ā I
love to write on equity investing, retirement, managing money, and more.