The IPO market is back in action. After a relatively quiet spell, the primary market is heating up again with four new public issues set to open for subscription this week. Investors can look forward to one mainboard IPO and three SME IPOs hitting the Street, while two recently concluded issues will make their market debut.
Mainboard IPO Arisinfra Solutions IPO
Arisinfra Solutions is the only mainboard IPO this week. The subscription window is likely to open on March 20 and closes on March 25. The issue comprises a fresh issue of 2.86 crore shares, and while the price band is yet to be announced.
Arisinfra, a technology-driven platform in the construction material procurement space, has already raised Rs 80 crore in a pre-IPO round. The IPOs book-leading managers are Jm Financial, Iifl Securities, Nuvama Wealth Management. On the other hand, Link Intime is the sole registrar for the issue.
Furthermore, the company plans to use the IPO proceeds for debt repayment, working capital, and investments.
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Scheduled to open on March 17 and close on March 19, Paradeep Parivahan’s IPO comprises a fresh issue of 45.78 lakh shares, amounting to Rs 44.86 crore. The price band is set at Rs 93 to 98 per share.
Divine Hira Jewellers IPO
Divine Hira Jewellers, a jewellery retailer, will open its IPO for subscription from March 17 to March 19. The issue size stands at Rs 31.84 crore with a fixed price of Rs 90 per share. The company is offering a total of 35.38 lakh fresh shares.
Grand Continent Hotels IPO
Grand Continent Hotels IPO will be available for subscription from March 20 to March 24. The company is raising Rs 74.46 crore through a mix of a fresh issue (Rs 70.74 crore) and an offer for sale (Rs 3.72 crore). The price band is set between Rs 107 to Rs 113 per share.
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Apart from new IPOs, two companies are set to debut on the stock exchange:
PDP Shipping IPO
The allotment was finalised on March 13,
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