The primary market has witnessed significant activity in both the main board and small- and medium-sized enterprise (SME) segments in the last week of September. As we step into the first week of October, there is continued enthusiasm in the market with several initial public offering (IPO) issues reaching their subscription deadlines and new companies poised to enter the stock market.
Let’s explore the companies that are wrapping up their subscription phase this week and those scheduled to make their stock market debut:
1. Valiant Laboratories IPO: Valiant Laboratories initiated its subscription period on Wednesday, September 27, and is scheduled to close on Tuesday, October 3. The company has set a price band of ₹133 to ₹140 per equity share for the proposed initial public offering. This mainboard IPO, led by the paracetamol manufacturer, has garnered a subscription rate of 2.19 times on its third day.
2. Plaza Wires IPO: Plaza Wires IPO opened for subscription on Friday, September 29, and is set to close on Wednesday, October 4. The company has fixed a price band of ₹51 to ₹54 per equity share for the proposed IPO. On the first day of its issue, this mainboard IPO by the wire manufacturer witnessed a subscription rate of 4.73 times.
In addition to these mainboard IPOs, there are 13 SME IPOs closing in the upcoming week ending October 6. Let’s have a quick look at them:
3. Goyal Salt IPO is scheduled to conclude on October 3. It began its subscription phase on September 26.
4. Sunita Tools IPO will also close on October 3, with the subscription period commencing on September 26.
5. E Factor Experiences IPO is set to conclude on October 3. The event management firm opened for subscription on September 27.
6. Kontor Space IPO is closing on October 3. The space leasing company’s subscription period began on September 27.
7. Vinyas Innovative Technologies IPO will wrap up on October 3. The electronic product manufacturer initiated its subscription phase on September 27.
8. Oneclick Logistics India IPO is set to conclude on October 3. The logistics services provider began its subscription phase on September 27.
9. Canarys Automations IPO is slated to close on October 3. This IT solutions provider commenced its subscription on September 27.
10. Viva Tradecom IPO will conclude on October 4. The clothes and garment manufacturer’s subscription period began on September 27.
11. Akanksha Power & Infrastructure IPO is set to close on October 4. This SME IPO opened for subscription on September 29.
12. Vishnasurya Projects & Infra IPO will close on October 5. The mining company’s subscription period started on September 29.
13. Plada Infotech Services IPO will wrap up on October 5. It’s a business process outsourcing (BPO) company that started its subscription on September 29.
14. Sharp Chucks & Machines IPO will conclude on October 5. It’s a tool manufacturer, and its subscription period began on September 29.
15. Karnika Industries IPO is scheduled to close on October 5. It’s a kids’ wear manufacturer, and its subscription period also commenced on September 29.
Additionally, here are the new listings for the upcoming week:
1. Vaibhav Jewellers: Shares of the mainboard IPO are set to be listed on stock exchanges BSE and NSE on October 3.
2. JSW Infrastructure: Shares of the JSW Group company will also get listed on stock exchanges BSE and NSE on October 3.
3. Mangalam Alloys: Shares of the SME IPO will be listed on NSE SME on October 5. Refunds will be initiated on October 3, and shares will be credited to demat accounts on October 4.
4. Organic Recycling Systems: Shares of the SME IPO will get listed on BSE SME on October 5. Refunds will be initiated on October 3, and shares will be credited to demat accounts on October 4.
5. Digikore Studios: Shares of the SME IPO will be listed on NSE SME on October 4. Refunds will be initiated on October 3, and shares will be credited to demat accounts on October 3.
6. Saakshi Medtech and Panels: The tentative date for share allocation is October 3, 2023. The issue is proposed for listing on NSE SME Emerge platform, with the tentative date for share listing set as October 6.
7. Inspire Films: Shares of the SME IPO will be listed on NSE SME on October 6. The allotment will be finalized on October 3, and refunds will be initiated on October 4, with shares credited to demat accounts on October 5.