Upcoming IPOs: A Look at Three SME Initial Public Offers This Week

As the primary market gears up for activity, this week marks the opening of three significant SME (Small and Medium Enterprises) initial public offerings (IPOs). While the mainboard remains quiet, investors can look forward to opportunities with Swasth Foodtech India, HP Telecom India, and Beezaasan Explotech. Each of these companies is set to launch their initial share sales on February 19, 20, and 21, respectively, providing a glimpse into the diverse sectors that are attracting investor interest.

Swasth Foodtech India IPO

Kicking off the week, Swasth Foodtech India will open its IPO on February 19. This offering consists of a fresh issue of 15.88 lakh shares, valued at ₹14.92 crore, with a fixed price set at ₹94 per share. The funds raised through this IPO will be directed towards establishing a packaging line at an existing manufacturing facility, addressing working capital needs, and covering general corporate purposes.

Retail investors looking to participate can apply for a minimum of 1,200 shares, which amounts to an investment of ₹1,12,800. Swasth Foodtech specializes in processing rice bran oil, catering to oil manufacturers and packers, positioning itself as a key player in the food processing industry.

HP Telecom India IPO

Following closely, HP Telecom India will launch its IPO on February 20. This public issue is entirely a fresh issuance of 31.69 lakh shares, aggregating to ₹34.23 crore, with a fixed price of ₹108 per equity share. The proceeds from this IPO will be utilized for working capital requirements and general corporate purposes.

Investors interested in HP Telecom India must apply for a minimum of 1,200 shares, which translates to an investment of ₹1,29,600. Originally focused on distributing mobile phones and accessories, HP Telecom has expanded its portfolio to include exclusive distribution rights for Sony LED TVs and a range of home appliances, including air conditioners and home theatre systems.

Beezaasan Explotech IPO

Rounding out the week, Beezaasan Explotech will open its IPO on February 21. This offering is a fresh issue worth ₹59.93 crore, with a price band set between ₹165 to ₹175 per share. The funds generated from this IPO will be allocated for capital expenditure, purchasing a commercial vehicle, debt repayment, and general corporate purposes.

Investors can bid for a minimum of 800 shares in this offering. Beezaasan Explotech specializes in manufacturing and supplying a wide range of explosives and explosive accessories, making it a notable player in the industrial sector.

IPO Listings This Week

In addition to the upcoming IPOs, several companies will also be making their market debut this week. Notable listings include:

• Maxvolt Energy – February 19
• Voler Car – February 19
• PS Raj Steels – February 19
• Hexaware Technologies – February 19
• Shanmuga Hospital – February 20
• LK Mehta Polymers – February 21
• Quality Power Electrical – February 21
• Royalarc Electrodes – February 21

These listings reflect a vibrant IPO landscape, even as the mainboard remains inactive. Investors keen on exploring new opportunities should keep an eye on these developments.

Conclusion

The upcoming IPOs from Swasth Foodtech India, HP Telecom India, and Beezaasan Explotech present unique investment opportunities in the SME sector. With a diverse range of industries represented, these offerings cater to different investor interests and risk appetites. As the market continues to evolve, staying informed about IPO schedules and listings is crucial for making well-informed investment decisions. For more details on IPOs, including schedules and upcoming offerings, visit our dedicated IPO page.