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IPO schedule next week: India’s primary markets have seen remarkable growth this year, with a notable increase in initial public offerings (IPOs). According to data from the Bombay Stock Exchange (BSE), a total of 118 companies have gone public so far in 2024. This includes 62 major companies that have made their debut on the stock market since the beginning of the year, offering providing investors with a diversified range. of opportunities.
This week alone, three major IPOs were successfully floated, namely KRN Heat Exchanger, Diffusion Engineers and Manba Finance, on both the National Stock Exchange (NSE) and the BSE. Additionally, seven companies in the small and medium enterprise (SME) segment are listed on SME platforms.
Looking ahead, the coming week looks just as promising for investors. Garuda Construction and Engineering’s core segment IPO is expected to open for subscription on Tuesday, October 8. Simultaneously, Khyati Global Ventures from the SME segment will also begin its public subscription process on the same day.
Garuda Construction IPO
Garuda Construction is seeking to raise Rs 264.10 crore through public issue by proposing a fresh issue of 18,300,000 shares and an offer for sale of 9,500,000 shares, of face value of Rs 5 each. Investors can bid a minimum of 157 shares and multiples thereof. The minimum amount required by a retail investor to bid for the public issue is Rs 14,915.
With a price range of Rs 92-95 and a lot of 157 shares, the Garuda Construction IPO will remain open for public subscription from Tuesday October 8, 2024 to Thursday October 10, 2024. Following the closure of the trading window subscription, the basis for allotment of shares is expected to be finalized on Friday, October 11, 2024 and the shares of the company will be credited to the demat accounts on Monday, October 14, 2024.
Shares of Garuda Construction are tentatively scheduled to make their market debut on Tuesday, October 15, 2024, by being listed on the BSE and NSE.
Shiv Texchem IPO
The Rs 101.35 crore SME IPO of Shiv Texchem will also remain open for public subscription from Tuesday, October 8, 2024 to Thursday, October 10, 2024. The issue will be available at a price band of Rs 158-166 per share with a lot size of 800 shares. The allotment is expected to be finalized on Friday, October 11, 2024, with listing on BSE SME on Tuesday, October 15, 2024.
The SME space will also see the listing of 5 companies including Khyati Global Ventures, Neopolitan Pizza and Foods, Subam Papers, Paramount Dye Tec, HVAX Technologies and Saj Hotels.
Notably, Hyundai Motor India’s much-awaited IPO is expected to open for public subscription on Monday, October 14, as revealed by reports.
First publication: October 4, 2024 | 2:15 p.m. STI