In the SME segment, Aimtron Electronics, Beacon Trusteeship, Vilas Transcore, Ztech India, and TBI Corn will debut this week. Meanwhile, the mainboard IPO, Awfis Space Solutions will list on the exchanges this week.
SME IPOs
Aimtron Electronics
The initial public offer (IPO) of Aimtron Electronics will open for subscription on May 30 and close on June 3. The IPO, which is priced at Rs 153-161 per share, is completely a fresh equity issue worth Rs 87.02 crore.
Hem Securities is the book-running lead manager of the Aimtron Electronics IPO, while Link Intime India is the registrar for the issue.
Beacon Trusteeship
Leading debenture trustee Beacon Trusteeship IPO is a book-built issue of Rs 32.52 crores and the issue is a combination of a fresh issue of 38.72 lakh shares aggregating to Rs 23.23 crores and offer for sale of 15.48 lakh shares aggregating to Rs 9.29 crore. The IPO of Beacon Trusteeship will open for subscription on May 28 and close on May 30.
The company has fixed a price band of Rs 57-60 per share for the issue, with a lot size of 2,000 equity shares.
Those selling shares in the OFS are Prasana Analytics Private Limited and Kaustubh Kiran Kulkarni.
From the IPO proceeds, the Mumbai-headquartered company plans to allocate Rs 7 crore to build up technology infrastructure for its existing business, Rs 6.99 crore to invest in its subsidiary, Beacon Investor Holdings, to commence services as a depository participant, registrar, and share transfer agent, and Rs 3.25 crore to purchase new office premises in Borivali, Mumbai. Additionally, a portion of the proceeds will be used for general corporate expenses.
Vilas Transcore
Vilas Transcore IPO will open for subscription on May 27, 2024, and close on May 29, 2024. The SME IPO is a book-built issue of Rs 95.26 crores and is entirely a fresh issue of 64.8 lakh shares.
The SME IPO price band is set at Rs 139-147 per share. Hem Securities is the book-running lead manager of the IPO, while Bigshare Services is the registrar for the issue.
The minimum lot size for an application is 1000 Shares. The minimum amount of investment required by retail investors is Rs147,000.
Ztech India
Ztech India IPO will open for subscription on May 29, 2024, and close on May 31, 2024. The SME IPO is a book-built issue of Rs 37.3 crore, comprising an entirely fresh issue of 33.91 lakh shares.
The price band has been fixed at Rs 104-110 per share. Narnolia Financial Services is the book-running lead manager for the IPO, while Maashitla Securities is the registrar for the issue.
TBI Corn
TBI Corn IPO will open for subscription on May 31, 2024, and close on June 4, 2024. The book-built issue is valued at Rs 44.94 crore and comprises an entirely fresh issue of 47.81 lakh shares.
The SME IPO price band is set at Rs 90-94 per share. Swastika Investmart and Ekadrisht Capital are the book-running lead managers for the IPO, while Kfin Technologies is the registrar for the issue.
Mainboard IPO
Awfis Space Solutions
Awfis Space Solutions IPO bidding opened for subscription on May 22, 2024, and will close on May 27, 2024. The IPO is a book-built issue valued at Rs 598.93 crores. It includes a fresh issue of 0.33 crore shares totaling Rs 128 crore, alongside an offer for the sale of 1.23 crore shares amounting to Rs 470.93 crores.
As of day three, the initial public offering of Awfis Space Solutions has been subscribed 11.41 times, driven by strong demand from retail and non-institutional investors.
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