This week promises to be an exciting one for investors as the primary market gears up for some action with two exciting SME IPOs set to open for subscription. Additionally, a highly anticipated listing is on the horizon, bringing fresh opportunities to the stock market. Here’s a detailed look at what investors can expect in the coming days.
Upcoming IPOs to Watch This Week
PDP Shipping & Projects IPO
PDP Shipping & Projects is kicking off the week by launching its IPO on March 10, which will remain open until March 12. This company specializes in comprehensive logistics services, including freight transportation and customs clearance. The issue is priced at Rs 135 per share.
- Total Shares Offered: 9.37 lakh shares
- Funds to be Raised: Rs 12.65 crore
- Minimum Investment: Rs 1,35,000 for 1,000 shares
Investors should note that the allotment of shares will take place on March 13, with the listing expected on the BSE SME platform by March 18. The proceeds from this IPO will primarily support working capital needs and other corporate purposes. Sun Capital Advisory Services is managing the issue, while Kfin Technologies serves as the registrar.
Super Iron Foundry IPO
Another exciting IPO this week is from Super Iron Foundry, which opens for subscription on March 11 and closes on March 13. This Kolkata-based company is a significant player in the casting and foundry sector, offering a fresh issue of 60.01 lakh shares at a price of Rs 108 per share.
- Capital to be Raised: Rs 68.05 crore
- Focus Areas: Infrastructure, agriculture, automotive, and railway sectors
- Use of Funds: Debt repayment and working capital
Investors can expect the share allotment to occur on March 17, leading to a listing on March 19. The IPO is being managed by Horizon Management, with Link Intime acting as the registrar.
Notable Listing This Week
NAPS Global India
NAPS Global India is set to make its debut on the stock market on March 11. This wholesale textile importer, which primarily sources materials from China and Hong Kong, saw strong interest during its IPO, achieving a subscription rate of 1.24 times.
This listing on the BSE SME platform is generating buzz, and investors are eager to see how it performs.
Conclusion: A Moment of Opportunity
The IPO landscape might seem quiet, with a focus on SME offerings this week, but it’s a strategic pause before larger companies enter the market. Numerous significant players are poised to tap into primary markets this year, keeping investors on alert. For now, the SME sector remains vibrant, fueling excitement and opportunities in the IPO space.
Stay tuned for further updates as the week unfolds!
