The buzz is electric on D-Street this week as 9 companies prepare to get listed. It’s a diverse mix of sectors, including Snack Giants – Gopal Snacks, advertising big shot R K Swamy, JG Chemicals, Koura Fine Diamond Jewelry, and Pune Estock Broking. But with so many IPOs happening simultaneously, it can be tough to decide.
Whether you’re a seasoned investor or just starting out, this might be a good time to look into the details and see which companies might interest you. Here’s a breakdown of what you need to know about these upcoming listings.
| Company | Listing Date | Exchange | Issue Price |
| V R Infraspace Limited | March 12, 2024 | NSE SME | ₹85 |
| R K SWAMY Limited | March 12, 2024 | NSE & BSE | ₹288 |
| Bharat Highways InvIT | March 12, 2024 | NSE & BSE | ₹100 |
| Sona Machinery Limited | March 13, 2024 | NSE SME | ₹143 |
| JG Chemicals Limited | March 13, 2024 | NSE & BSE | ₹221 |
| Koura Fine Diamond Jewelry Limited | March 14, 2024 | BSE SME | ₹55 |
| Gopal Snacks Private Limited | March 14, 2024 | NSE & BSE | ₹401 |
| Shree Karni Fabcom Limited | March 14, 2024 | NSE SME | ₹227 |
| Pune Estock Broking Limited | March 15, 2024 | BSE SME | ₹83 |
Bharat Highways InvIT
Bharat Highways Infrastructure Investment Trust is an infrastructure investment trust set up in India (August 2022) to focus on buying, managing, and investing in infrastructure assets. It operates following SEBI’s InvIT regulations. Currently, their portfolio consists of seven operational roads located across various states in India (Punjab, Gujarat, Andhra Pradesh, Maharashtra, and Uttar Pradesh). These roads are built under a HAM (Hybrid Annuity Model) with concessions granted by the National Highways Authority of India (NHAI).
They are owned and maintained by separate project companies (Project SPVs) currently fully controlled by Gujarat Road Infrastructure Limited (GRIL). Their IPO is looking to raise a substantial ₹2,500 crore.
Listing Date: March 12, 2024
To be Listed on: BSE & NSE
GMP: Today’s GMP for Bharat Highways InvIT IPO is Rs 2 per share, equivalent to a 2% increase over its issue price of ₹100.
V R Infraspace Limited
Established in December 2015, this company builds residential and commercial properties in Vadodara, Gujarat. They offer various housing options, from luxury to affordable, with different apartment sizes and layouts. Security is a focus, with all buildings having security systems. Additional amenities include sports facilities, play areas, and backup power for outages. The company operates under the brand name “VR.” Their IPO is expected to raise around ₹20.40 crore.
Listing Date: March 12, 2024
To be Listed: NSE SME
GMP: The GMP is Rs 115 per share, a 35.29% increase over the IPO price of ₹85.
R K SWAMY Limited
This is a well-established name in the advertising and communications industry. They’ve been around for over 70 years and have a strong presence in India and other countries. They are engaged in the business of integrated marketing communications, customer data analysis, full-service market research, and syndicated studies. In FY2023, the company published more than 818 creative campaigns on behalf of its clients across various media. Their IPO is looking to raise ₹423.56 crore.
Listing Date: March 12, 2024
To be Listed on: BSE & NSE
GMP: RK Swamy IPO GMP is zero, implying that the grey market expects the initial public offering’s listing price to be at par with the upper price band of ₹288.
Sona Machinery Limited
Sona Machinery Limited (established in 2019) builds machinery to process grains like rice, pulses, wheat, and spices. They don’t stop at making the machines – they also provide engineering, installation, and training to get everything up and running smoothly. This one-stop-shop approach covers the entire milling process, from unloading the grain to the finished product, whether milled rice for human consumption or pre-crushed grain for ethanol production. Their IPO is looking to raise ₹51.82 crore.
Listing Date: March 13, 2024
To be Listed: NSE SME
GMP: Sona Machinery IPO is trading at a ₹110 premium in the grey market, indicating a potential listing price of ₹253. This represents a significant 76.92% increase from its IPO price of ₹143.
JG Chemicals Limited:
Established in 1975, the company manufactures zinc oxide using the French process. Their product line includes over 80 different grades of zinc oxide. Zinc oxide has applications in various industries, including ceramics, paints and coatings, pharmaceuticals and cosmetics, electronics and batteries, and more. The company has three manufacturing facilities located in Jangalpur and Belur in West Bengal and Naidupeta in Andhra Pradesh and is launching IPOs that aim to raise ₹251.19 crore.
Listing Date: March 13, 2024
To be Listed on: BSE & NSE
GMP: JG Chemicals’ GMP dropped to ₹22 on Friday, down ₹8 from the previous day. This marks a two-day decline, with the GMP falling from ₹60 to ₹22.
Gopal Snacks Private Limited
It is a name you might recognize if you’re a fan of snacks! They’re a popular manufacturer of potato chips and other savory snacks in India. The company offers a variety of snack products, including ethnic snacks like nankeen and gathiya, and Western snacks such as wafers, extruded snacks, and snack pellets. They also provide fast-moving consumer goods such as papads, spices, gram flour or besan, noodles, rusk, and soan papdi. The company has been growing rapidly in recent years, and its IPO is expected to raise ₹650 crore.
Listing Date: March 14, 2024
To be Listed on: BSE & NSE
GMP: In the grey market, the company’s shares are trading at a ₹41 premium.
Koura Fine Diamond Jewelry Limited
Founded in March 2022, Koura Fine Diamond Jewelry Limited is a gold and diamond jewelry wholesaler. It offers 22-karat gold and 18-karat diamond pieces. The company currently focuses on Gujarat and Odisha in western and eastern India. Its IPO aims to raise ₹5.5 crore.
Listing Date: March 14, 2024
To be Listed: BSE SME
GMP: The current GMP sits at ₹70, which translates to a 127.27% increase over the IPO price of ₹55.
Shree Karni Fabcom Limited
Established in March 2018, Shree Karni Fancom Limited manufactures custom-knitted and woven fabrics for various industries. These industries include luggage, medical arch support, furniture (chairs), footwear (shoes), and clothing (apparel). They specialize in producing four types of fabrics: woven, knitted, coated, and 100% polyester. Their IPO is looking to raise ₹42.49 crore.
Listing Date: March 14, 2024
To be Listed: NSE SME
GMP: The GMP is ₹325 premium, suggesting a potential listing price of ₹552, reflecting a significant 143.7% increase over the ₹227 issue price.
Pune Estock Broking Limited:
Established in 2007, Pune E-Stock Broking Limited (PESB) operates as a corporate broking house. Their services include client brokerage, access to a depository for holding securities electronically, mutual funds, corporate deposits, and currency trading. PESB offers these services through its web-based trading platform, Aero, and a mobile trading app. Their IPO is looking to raise ₹38.23 crore.
Listing Date: March 15, 2024
To be Listed: BSE SME
GMP: The grey market premium suggests a potential listing price of ₹178 for Pune E-Stock Broking shares. This is ₹95 higher than the IPO price of ₹83, reflecting a significant increase of 114.46%.
So, that’s a quick rundown of the nine IPOs listing on the stock exchange this week. The companies are from different sectors, so there could be an opportunity for investors with various interests. Remember, doing your own research is important before investing in any IPO. But this information gives you a good starting point for your research!
*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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I’m Archana R. Chettiar, an experienced content creator with
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