The IPO market appears to be taking a breather of sorts as the markets enter the last month of the financial year, with only one fresh issue lined up for subscription this week.
Investors, however, will watch out for some marquee IPOs that are lined up to hit the primary market later this year including Reliance Jio, Snapdeal, Ather, Tata Capital, JSW Cement, GO Airlins and many othes. While new issuances may be slowing down, the week is not without action. On the listing front, four IPOs are set to make their stock market debut, keeping the primary market abuzz. Let’s take a look at the upcoming IPOs, ongoing bids and listings scheduled this week.
Upcoming IPO this week NAPS Global India IPO
The NAPS Global India IPO will be open for subscription from March 4 to March 6, with a price band set at Rs 90 per share. This is a fixed price issue with a total size of Rs 11.88 crore, consisting entirely of a fresh issue of 13.20 lakh shares.
Investors looking to participate must apply for a minimum lot size of 1,600 shares, requiring a retail investment of Rs 1,44,000. High Net-worth Individuals (HNI) need to apply for at least two lots, amounting to Rs 2,88,000.
The IPO is set to list on the BSE SME exchange, with a tentative listing date of March 11. Aryaman Financial Services is the lead manager, while Cameo Corporate Services is handling the registrar duties. Aryaman Capital Markets is the designated market maker for the issue.
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The Balaji Phosphates IPO, which opened for bidding on February 28, will close on March 4. This book-built issue is worth Rs 50.11 crore, comprising a fresh issue of Rs 41.58 crore and an offer for sale of Rs 8.53 crore.
The price band for the IPO has been set between Rs 66 to Rs 70 per share. Balaji Phosphates IPO is set to list on the NSE SME exchange on March 7.
The issue is managed by Arihant Capital Markets,
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