Next week, Dalal Street is gearing up for IPO action with six companies collectively eyeing a substantial amount exceeding Rs 3,300 crore. The lineup includes a mix of mainboard and SME segment entrants, each bringing unique offerings to the IPO landscape.
Platinum Industries: The stabilizer manufacturer, Platinum Industries, is all set to open its IPO on February 27, closing on February 29. Priced in the range of Rs 162-171 per share, the firm aims to raise Rs 235.32 crore through a fresh issue, devoid of any offer-for-sale component.
Exicom Tele-Systems: Breaking ground in the EV charging segment, Exicom Tele-Systems is launching its Rs 429-crore IPO from February 27 to 29. Priced at Rs 135-142 per share, the IPO combines a fresh issuance of shares worth Rs 329 crore by the company and an offer-for-sale of Rs 100 crore by promoter NextWave Communications.
Highways Infrastructure Investment Trust: Scheduled for February 28, this mainboard firm, specializing in roads, is aiming to raise Rs 2,500 crore through its IPO with a fixed price band of Rs 98-100 per unit. The subscription window closes on March 1.
Owais Metal and Mineral Processing: In the SME segment, Owais Metal and Mineral Processing, focusing on metals and minerals production & processing, is set to open its IPO on February 26, closing on February 28. Priced between Rs 83-87 per share, the book-built issue consists solely of a fresh issue with no offer-for-sale component.
Purv Flexipack: Exclusively offering a fresh issue, packaging firm Purv Flexipack is launching its Rs 40.2-crore IPO from February 27 to 29. The price band is fixed at Rs 70-71 per share.
MVK Agro Food Product: In the SME segment, sugar firm MVK Agro Food Product is gearing up for its Rs 65.88-crore IPO, open for subscription from February 29 to March 4. The issue is priced at Rs 120 per share.
Meanwhile, GPT Healthcare’s maiden public issue, closing on February 26, and Sadhav Shipping’s SME IPO closing on February 27, mark the imminent listings. Additionally, Juniper Hotels debuts on February 28, following a subscription of 2.08 times for its Rs 1,800-crore public issue. Zenith Drugs, Deem Roll Tech, and Sadhav Shipping are set to make their SME segment debuts on February 27 and March 1.
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