Upcoming IPOs: Five SME issues and two new listings scheduled for next week; check full list here
IPO rush sets up India’s equity market for another record year“The surge in IPO activity is fuelled by soaring Indian stocks, robust economic growth, and corporate earnings consistently outpacing expectations, inspiring more companies to go public. As a result, IPO market has seen a significant boost, with large corporate houses and new –age businesses like Tata Capital, Hexaware, Ola Electric, and Swiggy gearing up for their public market debuts in 2024-25," said Mahavir Lunawat, Managing Director, Pantomath Capital Advisors Pvt. Ltd.Vilas Transcore IPO opens for subscription on May 27, 2024, and closes on May 29, 2024.
The SME IPO is a book-built issue of ₹95.26 crores and is entirely a fresh issue of 64.8 lakh shares.The SME IPO price band is set at ₹139 to ₹147 per share. Hem Securities Limited is the book-running lead manager of the Vilas Transcore IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. Beacon Trusteeship IPO opens for subscription on May 28, 2024, and closes on May 30, 2024.
It is a book-built issue of ₹32.52 crores. The issue consists of a fresh issue of 38.72 lakh shares aggregating ₹23.23 crores and an offer for sale of 15.48 lakh shares aggregating ₹9.29 crores.The price band of the upcoming SME IPO is set at ₹57 to ₹60 per share. Beeline Capital Advisors Pvt Ltd is the book running lead manager of the Beacon Trusteeship IPO, while Kfin Technologies Limited is the registrar for the issue.
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