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Next week promises excitement for stock market investors with two IPO launches and eight IPO listings. Awfis Space Solutions Ltd will open its ₹598.93-crore IPO on May 22, offering workspace solutions. GSM Foils Limited's ₹11.01 crore IPO opens on May 24, specializing in pharmaceutical packaging. Meanwhile, eight IPOs are scheduled to make trading debut, including Go Digit General Insurance. It will be another exciting week for investors in the stock markets, with two initial public offerings (IPOs) set to be launched. The lineup features one mainboard and one small and medium enterprise (SME) IPO, intending to raise more than ₹609 crore from the market. Additionally, another eight IPOs are scheduled to make trading debut with the shares expected to get listed on the stock exchanges between May 21 and May 24. The companies expected to make their trading debut next week include Virat Kohli-backed Go Digit General Insurance Limited.
Here's a list of IPOs set to enter the primary market in the upcoming week: Awfis Space Solutions Ltd will launch its ₹598.93-crore IPO on May 22. The public offer includes a fresh issue of over 3.3 crore shares worth ₹128 crore and an offer-for-sale portion of more than 1.22 crore shares. The IPO price band has been set in the range of ₹364 to ₹383 at a face value of ₹10 per equity share. Investors can submit their bids in the IPO till May 27. Awfis Space Solutions Ltd offers workspace solutions tailored to the needs of individuals, start-ups, SMEs, and large corporations.
Shares in Awfis Space Solutions Ltd IPO are scheduled to be listed on the NSE and BSE on May 30. The ₹11.01 crore IPO of GSM Foils Limited is scheduled to open for subscription on May 24. The IPO consists entirely of a fresh issue of 34.4 lakh shares. GSM Foils Limited IPO price band has been at ₹32 per share. The bidding process for GSM Foils IPO will end on May 28. The company is primarily engaged in the manufacturing of strip foils, which are used for packaging medicines and other pharmaceutical products. Shares of GSM Foils Limited are tentatively scheduled to be listed on the SME platform of NSE on May 31. Go Digit IPO The public offer of Go Digit General Insurance Limited was oversubscribed nearly 10 times during the bidding period from May 15 to May 17. The Virak Kohli-backed company intends to raise ₹2,614.65 crore through the IPO. Shares of Go Digit General Insurance Ltd are likely to get listed on the NSE and BSE on May 23. Veritaas Advertising IPO The ₹8.48-crore public issue of Veritaas Advertising was subscribed over 622 times at the end of subscription phase on May 15. The Veritaas Advertising IPO price band was fixed at ₹109 to ₹114 per share with a minimum lot size for an application at 1,200 shares. Veritaas Advertising Ltd shares are expected to get listed on the NSE Emerge platform on May 21. Mandeep Auto Industries IPO Mandeep Auto Industries IPO was subscribed more than 76 times on the final day of bidding on Wednesday, May 15. The IPO, a fixed price issue, comprised a fresh issue of 37.68 lakh shares to raise a total of ₹25.25 crore. Mandeep Auto Industries IPO listing date has been tentatively scheduled as May 21. Quest Laboratories IPO Quest Laboratories IPO closed with 85 times subscription at the end of bidding on Friday, May 17. Offered at the price band of ₹93 to ₹97, the issue consisted of a fresh issue of 44.5 lakh shares, aggregating to ₹43.16 crores. The listing date for Quest Laboratories IPO has been tentatively fixed as May 23. Indian Emulsifier IPO Indian Emulsifier IPO price band was fixed in the range of ₹125-₹132 per share. The speciality chemicals maker plans to raise ₹42.39 crore through the initial public offer. The NSE SME public offer, comprising a fresh issue of 32.11 lakh shares, was open for subscription from May 13-16. The IPO listing date has been tentatively scheduled as May 22. HOAC Foods India The subscription window for HOAC Foods India IPO is open until May 21. The price for the ₹5.54-crore NSE SME IPO has been fixed at ₹48 per share. HOAC Foods India is engaged in the production of flour, herbs and spices, grains, and unpolished pulses. Shares of HOAC Foods India Ltd are likely to be listed on the NSE Emerge platform on May 24. Rulka Electricals IPO The bidding window for ₹26.4-crore initial public offering of Rulka Electricals Ltd will end on May 21. The public issue of this electrical and fire-fighting firm consists of a mix of fresh issuance of 8.42 lakh shares and OFS of 2.8 lakh. The IPO price band has been set in the range of ₹223-₹235 per share. Shares of Rulka Electricals are scheduled to make trading debut on May 24. ABS Marine Services Ltd ABS Marine Services Ltd intends to raise ₹96.29 crore from investors through a fresh issue of 65.5 lakh shares. The company is primarily engaged in the business of owning and managing offshore vessels. The IPO subscription was open from May 13-15 while the listing is tentatively scheduled on May 21.Summary
Awfis Space Solutions Ltd IPO
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GSM Foils Limited IPO
IPO listings next week
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To know more and apply for Rulka Electricals IPO, click here
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