Delhi, 27 April (H.S.): In April, as the domestic stock market showed signs of recovery, the primary market is witnessing increased activity with the launch of five new IPOs starting the week of April 28. Leading this wave is Ather Energy, an electric two-wheeler manufacturer, marking the first mainboard IPO since February’s Quality Power Electrical Equipment. Ather Energy’s IPO, valued at ₹2,981.06 crore, opens for subscription on April 28 and closes on April 30, with shares priced between ₹304 and ₹321 and a lot size of 46 shares. Allotment is on May 2, and listing on the BSE and NSE follows on May 6.

Simultaneously, Iware Supply Chain Services, with an IPO worth ₹27.13 crore, will also be available for subscription from April 28 to April 30, offering shares at ₹95 with a lot size of 1,200 shares. Its shares will be allotted on May 2 and listed on the NSE’s SME platform on May 6.

On April 29, Arunaya Organics’ IPO, valued at ₹33.99 crore, will open until May 2, with a bidding price band of ₹55 to ₹58 per share and a lot size of 2,000 shares. The shares will be allotted on May 5 and listed on the NSE’s SME platform on May 7.

Also on April 29, Kenric Industries will launch its IPO valued at ₹8.75 crore, available until June 6 at a price of ₹25 per share and a lot size of 6,000 shares, listing on May 9. Finally, Wagons Learning Limited’s IPO of ₹38.38 crore opens on May 2, with shares priced between ₹78 and ₹82, closing June 6. They will be allotted on May 7 and listed on May 9.

—————

Hindusthan Samachar / Jun Sarkar