A Week of Opportunities: Tracking SME IPOs and Market Movements
As the financial landscape continues to evolve, investors are presented with a plethora of opportunities this week, marked by two new SME IPOs opening for subscription, five ongoing public issues, and a series of allotments and listings on the horizon. Whether you are a seasoned investor seeking fresh avenues or a newcomer awaiting allotment results, this week promises to be eventful.
Upcoming IPOs
This week, two notable IPOs are set to capture the attention of investors: HP Telecom India and Beezaasan Explotech. Below is a detailed overview of these upcoming public issues.
1. HP Telecom India
HP Telecom India is gearing up for its IPO, which opens for bidding on February 20 and closes on February 24. The price band for this offering is set at Rs 108 per share. The IPO is being managed by Interactive Financial Service, with Bigshare Services serving as the registrar. Aftertrade Broking has been appointed as the market maker for this issue.
The allotment of shares is expected to be finalized on February 25, with a tentative listing date on the NSE SME exchange set for February 28. Founded in March 2011, HP Telecom initially focused on distributing mobile phones and accessories but has since expanded its portfolio to include home appliances such as LCD/LED home theatres and air conditioners.
2. Beezaasan Explotech
Following closely, Beezaasan Explotech will open for subscription on February 21 and close on February 25. This IPO features a book-built issue worth Rs 59.93 crore, offering 34.25 lakh fresh shares at a price band ranging from Rs 165 to Rs 175 per share. The offering 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 can expect the allotment results to be finalized by February 27, with the company set to debut on the BSE SME exchange on March 3. Established in August 2013, Beezaasan Explotech specializes in manufacturing and supplying a diverse range of explosives and accessories, catering to industries such as cement, mining, and defense.
Ongoing IPOs
In addition to the upcoming IPOs, several public issues that opened last week are still accepting bids. Shanmuga Hospital (BSE SME) will remain open for subscription until February 17. Other IPOs, including L.K. Mehta Polymers (BSE SME), Quality Power IPO, Royalarc Electrodes (NSE SME), and Tejas Cargo (NSE SME), will continue their bidding process until February 18.
Allotments and Listings to Watch
This week is also significant for investors awaiting allotment results and market debuts. A total of nine IPOs are set for allotment, with PS Raj Steels (NSE SME), Hexaware Technologies IPO, Voler Car (NSE SME), and Maxvolt Energy (NSE SME) finalizing their allotments on February 17. Following this, Shanmuga Hospital (BSE SME) and L.K. Mehta Polymers (BSE SME) will have their allotments finalized on February 18. Investors can expect updates on allotments for Quality Power IPO, Royalarc Electrodes (NSE SME), and Tejas Cargo (NSE SME) on February 19.
In terms of market debuts, Chandan Healthcare (NSE SME) and Ajax Engineering IPO are scheduled to list on February 17. On February 19, shares of PS Raj Steels, Hexaware Technologies IPO, Voler Car (NSE SME), and Maxvolt Energy (NSE SME) will hit the exchanges. Further listings include Shanmuga Hospital (BSE SME) and Quality Power IPO on February 20, followed by L.K. Mehta Polymers (BSE SME) on February 21.
Conclusion
With a dynamic week ahead, investors have a multitude of opportunities to explore in the SME IPO space. From new entrants to ongoing bidding and anticipated allotments and listings, the market is buzzing with activity. Whether you are looking to invest in promising companies or tracking the performance of your existing investments, staying informed will be key to navigating this vibrant financial landscape.