New Delhi, March 23 (HS): Due to global pressures, the decline seen in the stock market is expected to have a direct impact on the primary market next week as well. During the trading week starting from Monday, a total of four new public issues, which are from the SME segment, will be launched. In addition, there will also be an opportunity to bid for three IPOs that opened for subscription on March 24 and 25 last week. Talking about the companies that will begin trading through listing in the stock market this week, shares of 5 companies are set to be listed.
On the first trading day of the week, March 24, Desco Infratech’s IPO of ₹30.75 crore will open for subscription. Bidding for this IPO will be available until March 26. The price band for bidding in the IPO has been set at ₹147 to ₹150 per share, while the lot size is 1,000 shares. The company’s shares will be listed on the BSE SME platform on April 1.
Similarly, on the second trading day of the week, March 25, ATC Energies’ IPO of ₹63.76 crore will open for subscription. Bidding for this IPO will be available until March 27. The price band for bidding in the IPO has been set at ₹112 to ₹118 per share, while the lot size is 1,200 shares. The company’s shares will be listed on the NSE SME platform on April 2. On the same day, March 25, Shri Ahimsa Naturals Limited’s IPO of ₹73.81 crore will also open for subscription. Bidding for this IPO will also be available until March 27. The price band for bidding in the IPO has been set at ₹113 to ₹119 per share, while the lot size is 1,200 shares. The company’s shares will be listed on the NSE SME platform on April 2.
Additionally, on Wednesday, March 26, Identicswave Limited’s IPO of ₹16.63 crore will open for subscription. Bidding for this IPO will be available until March 28. The price band for bidding in the IPO has been set at ₹51 to ₹54 per share, while the lot size is 2,000 shares. The company’s shares will be listed on the BSE SME platform on April 3.
In addition to the new IPO, bids can be placed for three public issues that opened for subscription on March 20 and 21, until March 24 and 25 this week. Among these, bids for the ₹74.46 crore IPO of Grand Continental Hotels can be placed until tomorrow, i.e., March 24. The price band for bidding under the IPO has been set at ₹107 to ₹113 per share, while the lot size is 1,200 shares. The company’s shares have so far been 45 percent subscribed. Their listing will take place on March 27 on the NSE’s SME platform.
Similarly, for the ₹43.87 crore IPO of Rapid Fleet Limited, which opened for subscription on March 21, bids can be placed until March 25. The price band for bidding under the IPO has been set at ₹183 to ₹192 per share, while the lot size is 600 shares. The company’s shares have only been 7 percent subscribed so far. Their listing will take place on March 28 on the NSE’s SME platform.
Additionally, bids for the ₹77.83 crore IPO of Active Infrastructures Limited, which also opened for subscription on March 21, can be placed until March 25. The price band for bidding under the IPO has been set at ₹178 to ₹181 per share, while the lot size is 600 shares. The company’s shares have only been 2 percent subscribed so far. Their listing will take place on March 28 on the NSE’s SME platform.
During the trading week from March 24 to 28, a total of 5 companies will begin trading through listing on the stock market. On the first day of the week, March 24, the shares of Paradip Transport will list on the BSE’s SME platform. On the same day, shares of Divine Heera Jewelers will list on the NSE’s SME platform. Following this, on Thursday, March 27, shares of Grand Continental Hotels will list on the NSE’s SME platform. On the last day of the week, March 28, shares of Rapid Fleet Limited and Active Infrastructures Limited will list on the NSE’s SME platform.
Hindusthan Samachar / Jun Sarkar
