The primary market is showing signs of renewed activity after a brief pause, creating excitement for investors. Although there are no major mainboard IPOs launching this week from May 5 to May 9, the landscape is far from dull. Investors can anticipate two new SME IPOs and several listings, including a noteworthy mainboard debut. As the buzz returns to Dalal Street, this week is packed with opportunities for those keeping an eye on new entries.
Upcoming SME IPOs This Week
Manoj Jewellers IPO
Manoj Jewellers is gearing up for its public offering scheduled from May 5 to May 7. The IPO is priced at ₹54 per share, aiming to raise ₹16.2 crore through the issuance of 30 lakh shares. The IPO is being managed by Jawa Capital Services, with Skyline Financial Services acting as the registrar, and Shreni Shares serving as the market maker. After the subscription period concludes, share allotment will be finalized on May 8, with listings anticipated on the BSE SME platform on May 12.
Srigee DLM IPO
Another exciting opportunity arises with Srigee DLM, which will open its IPO from May 5 to May 7. This offering aims to generate ₹16.98 crore and has set its price band between ₹94 and ₹99 per share. The lead manager for this IPO is GYR Capital Advisors, while Bigshare Services Pvt Ltd manages the registrar duties and Globalworth Securities is the market maker. Similar to Manoj Jewellers, share allotments are expected to be finalized on May 8, with listings set for May 12.
Ongoing SME IPOs Ending This Week
Wagons Learning IPO (Closes May 6)
Wagons Learning, focusing on learning and development, is in the midst of its IPO, which includes both fresh shares and an offer for sale (OFS). The company aims to raise ₹38.38 crore with a price band of ₹78 to ₹82 per share. Minimum retail investment starts at ₹1,24,800. The IPO opened on May 2 and is set to close on May 6, with a listing on the BSE SME platform scheduled for May 9. Khandwala Securities is leading this IPO, supported by Cameo Corporate Services as the registrar and Rikhav Securities as the market maker.
Kenrik Industries IPO (Closes May 6)
The Kenrik Industries IPO, which kicked off on April 29, is also set to close on May 6. This offering is priced at ₹25 per share, with a goal of raising ₹8.75 crore through almost 35 lakh shares. The lead manager for this IPO is Turnaround Corporate Advisors, while Skyline Financial Services oversees the registration, and MNM Stock Broking acts as the market maker. Retail investors must invest a minimum of ₹1,50,000 for a lot size of 6,000 shares. Allotment will be finalized shortly after the closing, with shares credited to successful applicants’ demat accounts ahead of the listing.
Key Listings to Watch This Week
Ather Energy (Mainboard Listing)
Ather Energy, a significant player in the electric vehicle sector, is slated to make its debut on the stock exchange on May 6. Share allotments are expected to be finalized by May 5.
Upcoming SME Listings
- Iware Supplychain Services: Listing on the NSE SME platform scheduled for May 6.
- Arunaya Organics: Expected to list on the NSE SME platform on May 7.
- Wagons Learning: Anticipated BSE SME listing on May 9.
- Kenrik Industries: Also set for a BSE SME listing on May 9.
With such a range of IPOs and listings on the horizon, investors have much to consider this week on Dalal Street. Whether you’re exploring SME offerings or keeping an eye on mainboard listings, there’s a wealth of opportunities to seize.
