As we move further into January 2025, the IPO market is heating up. With investors and analysts focused on the Q3 earnings of several major companies, there is also another important development, the opening of multiple IPOs. This upcoming week, from January 19 to January 25, will be packed with action, featuring one mainboard IPO, three SME IPOs, and several others continuing their subscription periods.
Let’s take a look at what to expect, as well as key details on each of these offerings.
IPO to watch in the coming week Mainboard IPO Denta Water IPO
The mainboard IPO, Denta Water IPO, is set to open on January 22, and close on January 24. The company was established in 2016, and specialises in water management infrastructure, including groundwater recharge projects. The issue size is Rs 220.50 crores, with the issue price fixed at Rs 294 per share.
The Denta Water IPO will be listed on BSE and NSE with the tentative listing date scheduled for January 29. The IPO is being managed by SMC Capitals and the registrar is Integrated Registry Management Services.
GMP: As per the latest trend, the GMP for Denta Water IPO is Rs 45, suggesting a potential listing price of Rs 339 per share.
Also Read: HDFC Life Q3 profit rises 15% to Rs 415 crore
SME IPO CapitalNumbers Infotech IPO
Opening on January 20 and closing on January 22, the CapitalNumbers Infotech IPO offers a fresh issue of shares totaling Rs 84.69 crores, with an equal amount coming from an offer for sale. The price band for the issue is set between Rs 250 to Rs 263 per share. This issue is valued at Rs 169.37 crores, consisting of both fresh issues and an offer for sale, with price band set between Rs 250 to Rs 263 per share.
CapitalNumbers Infotech is a growing player in the IT and software services industry, providing web development and digital marketing solutions.
GMP: The shares are trading at a premium of Rs 90 in the grey market, indicating a potential listing price of Rs 353 per share, as per the current update.
Rexpro Enterprises IPO
Rexpro Enterprises IPO opens for subscription on January 22, and closes on January 24.
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