IPO this week: Vodafone Idea FPO, 2 SME issues and 2 new listings scheduled for this week; check full list here

livemint.com:

Vodafone Idea, which is currently heavily indebted, will also be kickstarting its ₹18,000 crore FPO next week. In the small and medium enterprise (SME) sector, Ramdevbaba Solvent and Grill Splendour Services are set to launch their IPOs for subscription. Alongside these new offerings, Dalal Street will witness the listing of Teerth Gopicon and DGC Cables and Wires.

Also read: Vodafone Idea to launch ₹18,000 crore FPO at ₹10-11 price band “India's impressive economic growth, surpassing 7% annually, has captured investor attention. Moreover, a wave of optimism has swept across the nation, drawing retail investors to invest, who are keen to be part of the country's growth narrative. Additionally, leading international investment banks such as Goldman Sachs and Morgan Stanley have hailed India as a premier investment destination for the next decade.

Despite the approaching general elections, the pipeline remains robust," said Mahavir Lunawat, Managing Director, Pantomath Capital Advisors Pvt. Ltd. - A Leading Mid-Market Investment Bank.

VI FPO opens for subscription on April 18, 2024 and closes on April 22, 2024. It is a five-day follow-on public offer of ₹18,000 crore. VI FPO price band is set at ₹10 to ₹11 per share.

Axis Capital Limited, Jefferies India Private Limited and SBI Capital Markets Limited are the book running lead managers of the VI FPO, while Link Intime India Private Ltd is the registrar for the issue. Birdy's IPO opens for subscription on April 15, 2024 and closes on April 18, 2024. It is a fixed price issue of ₹16.47 crores.