IPOs this week: One mainboard, 12 SME public issues to open for subscription; check full list here
₹901 crores. While, three companies got listed during the week R K SWAMY, JG Chemical and Gopal Snacks. The IPO momentum is anticipated to persist in the coming financial year, with larger deals on the horizon.
Investors are keen to capitalize on the stock market ahead of the general elections, and there's a positive sentiment towards fundamentally good businesses along with robust business models. “A plethora of innovative and exciting IPOs are in the pipeline, supported by India's robust economic growth. The factors expected to sustain the buoyancy of the IPO market in FY2025 include increased domestic capital, improved governance, thriving Indian entrepreneurship, favourable government policies with FDI support, and diligent institutional investors," said Mahavir Lunawat, Managing Director, Pantomath Capital Advisors Pvt.
Ltd. SRM Contractors IPO opens for subscription on March 26, 2024 and closes on March 28, 2024. It is a book built issue of ₹130.20 crores and is entirely a fresh issue of 0.62 crore shares.
Also read: SRM Contractors IPO opens next week. GMP, review, other details about upcoming IPO The price band of the upcoming IPO has been set at ₹200 to ₹210 per share. Interactive Financial Services Ltd is the book running lead manager of the SRM Contractors IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.
GConnect Logitech IPO opens for subscription on March 26, 2024 and closes on March 28, 2024. The SME IPO is a fixed price issue of ₹5.60 crores and is entirely a fresh issue of 14.01 lakh shares. Also read: GConnect Logitech IPO to open for bidding on March 26: Check key dates, IPO price, other details The IPO price band has been fixed at ₹40 per share.
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