The upcoming holiday-shortened week is set to see fresh action in the primary market, with two SME IPOs opening for subscription. Meanwhile, one company is gearing up for its much-anticipated listing on the BSE SME platform.
Here’s a look at what’s in store for investors this week:
IPOs opening this week-
PDP Shipping & Projects IPO
Kicking off the week, PDP Shipping & Projects will open its IPO on Monday, March 10 and will close its bidding window on March 12. The company, which specialises in end-to-end logistics solutions, including freight transportation and customs clearance. The price band of the issue is set at Rs 135 per share.
The company aims to raise Rs 12.65 crore through a fresh issue of 9.37 lakh shares at a fixed price of Rs 135 per share.
For those looking to invest, a single lot comprises 1,000 shares, requiring a minimum investment of Rs 1,35,000. After the bidding process, the allotment of the shares is scheduled on March 13 and the listing of the company on the BSE SME platform is set of March 18.
Furthermore, the proceeds will be directed towards working capital needs and general corporate purposes. Sun Capital Advisory Services is managing the issue, with Kfin Technologies serving as the registrar.
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Super Iron Foundry IPO
Another IPO on the radar this week is Super Iron Foundry, which will open for subscription on Tuesday, March 11. The issue will close it subscription window on March 13.
This Kolkata-based company, a key player in the casting and foundry business, has a fresh issue of 60.01 lakh shares, aiming to raise Rs 68.05 crore. The price band of this BSE SME issue is set at Rs 108 per share.
With a focus on catering to infrastructure, agriculture, automotive, and railway sectors, the company plans to utilise the IPO funds for debt repayment, working capital, and corporate growth. The allotment of shares of the issue after the subscription process is likely to be on March 17 and the listing is scheduled on March 19.
Horizon Management is overseeing the issue, while Link Intime is the registrar.
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