With two SME IPOs set to open, five public issues continuing their bidding, and multiple allotments and listings lined up, this week investors have a lot to track.
Whether looking for fresh opportunities or waiting for allotment results, the coming week has plenty of action in store.
Let’s take a look at the upcoming IPOs, allotments, and listings scheduled this week:
Upcoming IPO
The two fresh entrants in this week include- HP Telecom India and Beezaasan Explotech, opening for subscription. Here is a detailed breakdown of these two upcoming public issues.
1. HP Telecom India
The HP Telecom India SME IPO will open its window for bidding on February 20, and is set to close its subscription on February 24, with a price band set at Rs 108 per share.
The IPO is being managed by Interactive Financial Service as the lead manager, with Bigshare Services handling the registrar duties. Aftertrade Broking has been appointed as the market maker for the issue.
The allotment of shares is expected to be finalised on February 25 and is set to debut on the NSE SME exchange, with a tentative listing date of February 28.
Founded in March 2011, the company initially focused on distributing mobile phones and accessories before expanding into home appliances such as LCD/LED home theatres and air conditioners.
ALSO READHexaware Tech IPO GMP muted: Experts raise valuation concerns 2. Beezaasan Explotech
Beezaasan Explotech is opening for subscription on February 21, and closing on February 25. With a Rs 59.93 crore book-built issue, the company is offering 34.25 lakh fresh shares at a price band of Rs 165 to Rs 175 per share.
The IPO is backed by Smart Horizon Capital Advisors as the lead manager, with Kfin Technologies handling registrar duties and Rikhav Securities as the market maker.
Investors awaiting allotment results can expect finalisation by February 27, while the company is set to make its stock market debut on the BSE SME exchange on March 3.
Founded in August 2013, Beezaasan Explotech specialises in manufacturing and supplying a wide range of explosives and accessories. The company produces cartridge explosives, including slurry, emulsion, and detonating explosives, catering to industries such as cement,
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