Discover the hottest investment opportunities of the season! Explore our comprehensive guide to the latest IPOs hitting the market, including offering details and subscription dates. Don’t miss out on your chance to capitalize on these exciting opportunities.
New Initial Public Offerings(IPO) Spark Investor Interest
Last month witnessed notable listings in both the main board and small- and medium-sized enterprise (SME) categories of the primary market, prompting investors to show keen interest in subscription and listing. Looking ahead, the first week of March is buzzing with excitement in the market, thanks to a plethora of newly listed companies and subscription-only initial public offerings. Let’s delve into some of the companies opening for subscription this week, along with their offering details.
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RK Swamy IPO
RK Swamy BBDO is an advertising agency based in India. It offers a range of advertising and marketing services, including brand strategy, creative development, media planning, and digital marketing. The company has a strong presence in the Indian advertising industry and has worked with numerous clients across various sectors.
The mainboard issue of RK Swamy IPO opens for subscription on March 4, 2024, and closes on March 6, 2024. This book-built issue amounts to ₹423.56 crore. The issue comprises a fresh issue of 0.6 crore shares, totaling ₹173.00 crores, and an offer for sale of 0.87 crore shares, amounting to ₹250.56 crore. Before the issue, RK Swamy IPO secured ₹187 crore from marquee investors in an anchor round.
JG Chemicals IPO
JG Chemicals Limited was founded in 1975 and is a zinc oxide manufacturer using the French process. The company produces more than 80 grades of zinc oxide. The company operates three manufacturing facilities in Jangalpur and Belur, both in Kolkata, West Bengal, and Naidupeta in Nellore District, Andhra Pradesh.
JG Chemicals IPO, another mainboard issue, opens for subscription on March 5, 2024, and closes on March 7, 2024. This book-built issue amounts to ₹251.19 crore. It comprises a fresh issue of 0.75 crore shares, totaling ₹165.00 crores, and an offer for sale of 0.39 crore shares, amounting to ₹86.19 crore.
Gopal Namkeen IPO
Gopal Namkeen is a popular Indian snack brand known for its wide range of savory snacks, including namkeens, bhujias, and other traditional Indian snacks. The company has a strong market presence in India and caters to consumers across various regions with its diverse product offerings.
The mainboard issue of Gopal Namkeen IPO opens for subscription on March 6, 2024, and closes on March 11, 2024. This book-built issue amounts to ₹650.00 crore and is entirely an offer for the sale of 1.62 crore shares.
V R Infraspace IPO
V R Infraspace has been a credible and recognized name in the real estate market in Vadodara and has been serving the people of Vadodara with its best residential projects and commercial projects.
The SME IPO of V R Infraspace opens for subscription on March 4, 2024, and closes on March 6, 2024. This fixed-price issue amounts to ₹20.40 crore and consists entirely of a fresh issue of 24 lakh shares.
Sona Machinery IPO
Sona Machinery Limited has been at the helm of the industry since the initial stages of mechanization in Agriculture supporting it with its smart technology solutions with a mission to develop & deliver world-class cutting-edge technology products to its customers.
The SME IPO of Sona Machinery opens for subscription on March 5, 2024, and closes on March 7, 2024. This book-built issue amounts to ₹51.82 crore and is entirely a fresh issue of 36.24 lakh shares.
Shree Karni Fabcom IPO
Shree Karni Fabcom is a company involved in the textile industry, possibly engaged in the manufacturing and trading of fabrics, garments, or related products.
The SME IPO of Shree Karni Fabcom opens for subscription on March 6, 2024, and closes on March 11, 2024. This book-built issue amounts to ₹42.49 crore and consists entirely of a fresh issue of 18.72 lakh shares.
Koura Fine Diamond Jewelry IPO
Koura Fine Diamond Jewelry is likely a company specializing in the design, manufacturing, and retailing of diamond jewelry.
The SME IPO of Koura Fine Diamond Jewelry opens for subscription on March 6, 2024, and closes on March 11, 2024. This fixed-price issue amounts to ₹5.50 crore and consists entirely of a fresh issue of 10 lakh shares.
Pune E-Stock Broking IPO
Pune E-Stock Broking is a stock brokerage firm based in Pune, India, providing services related to stock trading, investment advisory, and financial planning.
The SME IPO of Pune E-Stock Broking opens for subscription on March 7, 2024, and closes on March 12, 2024. This book-built issue amounts to ₹38.23 crore and consists entirely of a fresh issue of 46.06 lakh shares.
Bhaarat Bulletin’s Shikha Rai, Bimal Dev, and BSE, NSE, and About Us pages of each of the above companies have contributed to the above report