{"id":37187,"date":"2024-05-27T12:51:21","date_gmt":"2024-05-27T07:21:21","guid":{"rendered":"https:\/\/www.equentis.com\/blog\/?p=37187"},"modified":"2025-11-10T13:33:35","modified_gmt":"2025-11-10T08:03:35","slug":"5-upcoming-ipos-and-2-probable-listings","status":"publish","type":"post","link":"https:\/\/www.equentis.com\/blog\/5-upcoming-ipos-and-2-probable-listings\/","title":{"rendered":"Busy Week Ahead: 5 SME Upcoming IPOs and 2 Probable Listings To Watch For"},"content":{"rendered":"<div id=\"bsf_rt_marker\"><\/div>\n<p>The <a href=\"https:\/\/www.equentis.com\/blog\/stock-market-in-india\/\">Indian stock market<\/a> is gearing up for a week buzzing with activity, especially in the small and medium enterprise (SME) segment. While the mainboard takes a breather amid ongoing elections, the SME platform is set to witness a flurry of five new <a href=\"https:\/\/www.equentis.com\/ipos\">IPOs<\/a> opening for subscription \u2013 that&#8217;s one every day of the week!<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Upcoming IPOs This Week <\/h2>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td class=\"has-text-align-center\" data-align=\"center\"><strong>Company Name<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\"><strong>Offer Price<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\"><strong>Opening Date<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\"><strong>Closing Date<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\"><strong>Issue Size<\/strong><\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\"><strong>Vilas Transcore Limited<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\">\u20b9139 \u2013 \u20b9147<\/td><td class=\"has-text-align-center\" data-align=\"center\">27-05-24<\/td><td class=\"has-text-align-center\" data-align=\"center\">29-05-24<\/td><td class=\"has-text-align-center\" data-align=\"center\">\u20b995.26 Cr<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\"><strong>Beacon Trusteeship&nbsp;<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\">\u20b957 &#8211; \u20b960<\/td><td class=\"has-text-align-center\" data-align=\"center\">28-05-24<\/td><td class=\"has-text-align-center\" data-align=\"center\">30-05-24<\/td><td class=\"has-text-align-center\" data-align=\"center\">\u20b932.52 Cr<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\"><strong>Ztech India<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\">\u20b9104 \u2013 \u20b9110<\/td><td class=\"has-text-align-center\" data-align=\"center\">29-05-24<\/td><td class=\"has-text-align-center\" data-align=\"center\">31-05-24<\/td><td class=\"has-text-align-center\" data-align=\"center\">\u20b937.30 Cr<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\"><strong>Aimtron Electronics<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\">\u20b9153 &#8211; \u20b9161<\/td><td class=\"has-text-align-center\" data-align=\"center\">30-05-24<\/td><td class=\"has-text-align-center\" data-align=\"center\">03-06-24<\/td><td class=\"has-text-align-center\" data-align=\"center\">\u20b987.02 Cr<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\"><strong>TBI Corn<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\">\u20b990 to \u20b994<\/td><td class=\"has-text-align-center\" data-align=\"center\">31-05-24<\/td><td class=\"has-text-align-center\" data-align=\"center\">04-06-24<\/td><td class=\"has-text-align-center\" data-align=\"center\">\u20b944.94 Cr<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p>Let&#8217;s examine the details of these upcoming offerings and two potential listings. <\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Upcoming IPOs Spotlight: Five Companies Take Center Stage<\/strong>  <\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>1. Vilas Transcore Limited IPO<\/strong><\/h3>\n\n\n\n<p>Vilas Transcore Limited (VTL), a manufacturer of power distribution and transmission components, is kicking off the <a class=\"wpil_keyword_link\" href=\"https:\/\/www.equentis.com\/ipos\" title=\"IPO\" link=\"linked\" id=\"280\">IPO<\/a> week. Their maiden public offering, valued at \u20b995.26 crore, consists entirely of fresh equity shares, and the company seems to be aiming for strong growth.&nbsp;<\/p>\n\n\n\n<p><strong>Vilas Transcore Limited <a class=\"wpil_keyword_link\" href=\"https:\/\/www.equentis.com\/ipos\" title=\"IPO\" link=\"linked\" id=\"378\">IPO<\/a> <\/strong><strong>Objectives Include:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Strategic <a href=\"https:\/\/www.equentis.com\/blog\/mukul-agrawal-portfolio-shareholdings-investments-all-you-need-to-know\/\">investments<\/a> &amp; acquisitions<\/li>\n\n\n\n<li>Expansion plans<\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-table aligncenter\"><table><tbody><tr><td>Offer Price<\/td><td>\u20b9139 \u2013 \u20b9147 per share<\/td><\/tr><tr><td>Face Value<\/td><td>\u20b910 per share<\/td><\/tr><tr><td>Opening Date<\/td><td>27 May 2024<\/td><\/tr><tr><td>Closing Date<\/td><td>29 May 2024<\/td><\/tr><tr><td>Total Issue Size (in Shares)<\/td><td>6,480,000<\/td><\/tr><tr><td>Total Issue Size (in \u20b9)<\/td><td>\u20b995.26 Cr<\/td><\/tr><tr><td>Issue Type&nbsp;<\/td><td>Book Built Issue <a class=\"wpil_keyword_link\" href=\"https:\/\/www.equentis.com\/ipos\" title=\"IPO\" link=\"linked\" id=\"641\">IPO<\/a><\/td><\/tr><tr><td>Lot Size<\/td><td>1000 Shares<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>2. Beacon Trusteeship IPO<\/strong><\/h3>\n\n\n\n<p>Established in 2015, Beacon Trusteeship is a SEBI-registered debenture trustee offering various services across various sectors. Their <a class=\"wpil_keyword_link\" href=\"https:\/\/www.equentis.com\/ipos\" title=\"IPO\" link=\"linked\" id=\"881\">IPO<\/a>, a mix of fresh issues and offer-for-sale (OFS), aims to raise \u20b932.52 crore. The debenture trustee market plays a crucial role in financial security.<\/p>\n\n\n\n<p><strong>Beacon Trusteeship <a class=\"wpil_keyword_link\" href=\"https:\/\/www.equentis.com\/researchandranking\/ipos\"   title=\"IPO\" data-wpil-keyword-link=\"linked\"  data-wpil-monitor-id=\"1011\">IPO<\/a> Objectives Include:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Technology infrastructure upgrades<\/li>\n\n\n\n<li>Acquisitions<\/li>\n\n\n\n<li>General corporate purposes<\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-table aligncenter\"><table><tbody><tr><td>Offer Price<\/td><td>\u20b957 \u2013 \u20b960 per share<\/td><\/tr><tr><td>Face Value<\/td><td>\u20b910 per share<\/td><\/tr><tr><td>Opening Date<\/td><td>28 May 2024<\/td><\/tr><tr><td>Closing Date<\/td><td>30 May 2024<\/td><\/tr><tr><td>Total Issue Size (in Shares)<\/td><td>5,420,000<\/td><\/tr><tr><td>Total Issue Size (in \u20b9)<\/td><td>\u20b932.52 Cr<\/td><\/tr><tr><td>Issue Type&nbsp;<\/td><td>Book Built Issue IPO<\/td><\/tr><tr><td>Lot Size<\/td><td>2000 Shares<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>3. Ztech India IPO<\/strong><\/h2>\n\n\n\n<p>Ztech India specializes in providing geotechnical solutions for infrastructure and civil construction projects. Their IPO, valued at \u20b937.30 crore, consists solely of fresh equity shares. Ztech operates in a vital sector that supports India&#8217;s infrastructure development.<\/p>\n\n\n\n<p><strong>&nbsp;Ztech India IPO <\/strong><strong>Objectives Include:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Working capital requirements&nbsp;<\/li>\n\n\n\n<li>General corporate purposes&nbsp;<\/li>\n\n\n\n<li>IPO expenses<\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-table aligncenter\"><table><tbody><tr><td>Offer Price<\/td><td>\u20b9104 \u2013 \u20b9110 per share<\/td><\/tr><tr><td>Face Value<\/td><td>\u20b910 per share<\/td><\/tr><tr><td>Opening Date<\/td><td>29 May 2024<\/td><\/tr><tr><td>Closing Date<\/td><td>31 May 2024<\/td><\/tr><tr><td>Total Issue Size (in Shares)<\/td><td>3,391,200&nbsp;<\/td><\/tr><tr><td>Total Issue Size (in \u20b9)<\/td><td>\u20b937.30 Cr<\/td><\/tr><tr><td>Issue Type&nbsp;<\/td><td>Book Built Issue IPO<\/td><\/tr><tr><td>Lot Size<\/td><td>1200 Shares<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>4. Aimtron Electronics IPO<\/strong><\/h3>\n\n\n\n<p>Aimtron Electronics, based in Gujarat, provides products and solutions for Electronic System Design and Manufacturing (ESDM) services. Their book-built IPO is valued at \u20b987.02 crore and comprises fresh equity shares. The ESDM sector is a key driver of India&#8217;s technological advancements.&nbsp;<\/p>\n\n\n\n<p><strong>Aimtron Electronics IPO<\/strong> <strong>Objectives Include:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Debt repayment&nbsp;<\/li>\n\n\n\n<li>Plant expansion&nbsp;<\/li>\n\n\n\n<li>Working capital needs&nbsp;<\/li>\n\n\n\n<li>General corporate purposes<\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-table aligncenter\"><table><tbody><tr><td>Offer Price<\/td><td>\u20b9153 \u2013 \u20b9161 per share<\/td><\/tr><tr><td>Face Value<\/td><td>\u20b910 per share<\/td><\/tr><tr><td>Opening Date<\/td><td>30 May 2024<\/td><\/tr><tr><td>Closing Date<\/td><td>3 June 2024<\/td><\/tr><tr><td>Total Issue Size (in Shares)<\/td><td>5,404,800<\/td><\/tr><tr><td>Total Issue Size (in \u20b9)<\/td><td>\u20b987.02 Cr<\/td><\/tr><tr><td>Issue Type&nbsp;<\/td><td>Book Built Issue IPO<\/td><\/tr><tr><td>Lot Size<\/td><td>800 Shares<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>5. <\/strong><strong>TBI Corn IPO<\/strong><\/h3>\n\n\n\n<p>Rounding out the IPO lineup is TBI Corn, a manufacturer and exporter of corn meal grits. Their book-built IPO, valued at \u20b944.94 crore, consists solely of fresh equity shares. Incorporated in 2000, TBI Corn Limited manufactures and exports Corn Meal Grits to various countries, such as Dubai, Oman, Jordan, South Africa, and Vietnam.&nbsp;<\/p>\n\n\n\n<p><strong>TBI Corn IPO<\/strong> <strong>Objectives Include:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Expansion of existing production unit<\/li>\n\n\n\n<li>Meeting working capital requirements<\/li>\n\n\n\n<li>General corporate purposes<\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-table aligncenter\"><table><tbody><tr><td>Offer Price<\/td><td>\u20b990 \u2013 \u20b994 per share<\/td><\/tr><tr><td>Face Value<\/td><td>\u20b910 per share<\/td><\/tr><tr><td>Opening Date<\/td><td>31 May 2024<\/td><\/tr><tr><td>Closing Date<\/td><td>4 June 2024<\/td><\/tr><tr><td>Total Issue Size (in Shares)<\/td><td>4,780,851<\/td><\/tr><tr><td>Total Issue Size (in \u20b9)<\/td><td>\u20b944.94 Cr<\/td><\/tr><tr><td>Issue Type&nbsp;<\/td><td>Book Built Issue IPO<\/td><\/tr><tr><td>Lot Size<\/td><td>1200 Shares<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Potential Listings<\/strong><\/h2>\n\n\n\n<p>While the IPOs garner most of the initial buzz, two potential listings are also expected this week, adding to the overall market activity. Here&#8217;s a quick look:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>GSM Foils IPO Listing<\/strong>: The allotment for the GSM Foils IPO is expected to be finalized on May 29th, with a tentative listing date on the <a href=\"https:\/\/www.equentis.com\/blog\/national-stock-exchange-of-india-functions-features-and-top-companies\/\">NSE<\/a> SME platform set for May 31st.<\/li>\n\n\n\n<li><strong>Awfis Space Solutions IPO Listing: <\/strong>The allotment for the Awfis Space Solutions IPO is expected to be finalized on May 28th, with a tentative listing date on both <a href=\"https:\/\/www.equentis.com\/blog\/explore-bombay-stock-exchange-what-is-bse-advantages-of-listing-and-investment-methods\/\">BSE<\/a> and NSE set for May 30th.<\/li>\n<\/ul>\n\n\n\n<p class=\"has-ast-global-color-0-color has-secondary-background-color has-text-color has-background has-link-color wp-elements-4dda291f61ac4403c89e96bc74c99ebb\"><strong>Know more about:<br><a href=\"https:\/\/www.equentis.com\/ipos\">IPOs<\/a>&nbsp;|&nbsp;<a href=\"https:\/\/www.equentis.com\/ipos\/current-new-ipos\">Current IPOs<\/a><a href=\"https:\/\/www.equentis.com\/ipos\/current-new-ipos\">&nbsp;<\/a>|&nbsp;<a href=\"https:\/\/www.equentis.com\/ipos\/upcoming-ipos\">Upcoming IPOs <\/a>|&nbsp;<a href=\"https:\/\/www.equentis.com\/ipos\/listed-ipos\">Listed IPO<\/a>s | <a href=\"https:\/\/www.equentis.com\/ipos\/current-new-ipos\">Closed IPOs<\/a> | <a data-wpil=\"url\" href=\"https:\/\/www.equentis.com\/ipos\/ipo-performers\">IPO Performers<\/a><\/strong><\/p>\n\n\n\n<p><strong>Conclusion<\/strong><br>Although this week promises a flurry of activity in the SME segment, thorough research is crucial before making any investment decisions. Carefully analyze the company&#8217;s financials, business model, future prospects, and overall market conditions. Don&#8217;t be swayed by hype\u2014make informed choices based on your investment goals and <a href=\"https:\/\/www.equentis.com\/blog\/are-risk-tolerance-and-risk-appetite-the-same\/\">risk tolerance<\/a>.<\/p>\n\n\n\n<p class=\"has-white-color has-accent-background-color has-text-color has-background has-link-color wp-elements-9d43d62937a08505366c88e7c9775665\">*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&nbsp;Research &amp; 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 <a href=\"https:\/\/www.equentis.com\/blog\/sebi-registered-investment-advisor-meaning-eligibility\/\">SEBI<\/a>, membership of BASL, and certification from NISM in no way guarantee the performance of the intermediary or provide any assurance of returns to investors.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Indian stock market is gearing up for a week buzzing with activity, especially in the small and medium enterprise [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":37188,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[948,553],"tags":[],"class_list":["post-37187","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-stock-market-news","category-investing-ipo"],"_links":{"self":[{"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/posts\/37187","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/comments?post=37187"}],"version-history":[{"count":15,"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/posts\/37187\/revisions"}],"predecessor-version":[{"id":63172,"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/posts\/37187\/revisions\/63172"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/media\/37188"}],"wp:attachment":[{"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/media?parent=37187"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/categories?post=37187"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/tags?post=37187"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}