Even though there are no new IPO launches next week, the Street will see the listing of Bharti Hexacom’s public offer, which received a healthy subscription of nearly 30 times.
Apart from Bharti Hexacom, five other SME companies, which launched their issues in the week gone by, will see their shares getting listed on the exchanges.
Analysts said a major catalyst fueling optimism in the primary market and brightening the outlook for upcoming listings is the push to unlock value.
“This drive to unlock value is a win-win for promoters and investors, setting the stage for exciting opportunities ahead,” said Mahavir Lunawat, MD, Pantomath Capital Advisors.
“With incentives and a push for capital spending gaining momentum, the markets are set to keep dazzling with their stellar performance, spreading positivity far and wide across sectors. And with this momentum, the IPO frenzy is showing no signs of slowing down,” Lunawat added.Also Read: Vijay Kedia-backed Tac Infosec debuts at 174% premium over issue price
Teerth Gopicon IPO
The SME IPO of Teerth Gopicon will open for subscription on April 8 and close on April 10. The company has fixed a price band of Rs 111 per share for the Rs 44 crore public offer.
The issue is completely a fresh equity sale of 39.9 lakh shares. In the IPO, about 50% is reserved for retail investors and the rest 50% for other investors.
Teerth Gopicon is an engineering construction and development company engaged primarily in the construction of roads, sewerage work and water distribution work in Madhya Pradesh. It has also worked as a sub-contractor and constructed residential towers in the city of Indore.
DCG Cables and Wires IPO
The SME IPO of DCG Cables and Wires will also open for subscription on April 8 and close on April 10. The IPO is priced at Rs 100 per share.
The issue is completely a fresh equity sale of 39.9 lakh shares, through which the company plans to raise around Rs 50 crore. In the IPO, about 50% is reserved for retail investors and the rest 50% for other investors.
The company is a manufacturer of copper cables and wires. Its primary focus is on manufacturing of different types of copper cables which finds application in transformers.
Greenhitech Ventures IPO
Greenhitech Ventures will launch its public offer on April 12. The issue will be available for the public to bid till April 16. The SME IPO, which is completely a fresh equity issue of 12.6 lakh shares, aims to raise around Rs 6.3 crore.
The company has fixed a price band of Rs 50 per share and investors can bid for 3,000 shares in one lot.
Greenhitech Ventures is engaged in trading of various petroleum-based products for different categories of industries based on their requirements.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
