In the fast-paced world of stock markets, investors are gearing up for the launch of two initial public offerings (IPOs) set to hit Dalal Street in the upcoming week. With a combined target of raising over ₹165 crore, these IPOs are expected to draw significant attention from investors looking to capitalize on new opportunities.
Vibhor Steel Tubes IPO
Subscription Dates: February 13 to February 15
Price Range: ₹141 to ₹151 per share
Vibhor Steel Tubes, with a business legacy spanning over two decades, is all set to launch its IPO, constituting a fresh equity issue of ₹72 crore. Specializing in the production and export of mild steel ERW black and galvanized pipes, hollow steel pipes, and cold-rolled steel (CR) strips, Vibhor Steel Tubes aims to use the net proceeds for working capital needs and general corporate purposes.
The allocation structure is designed to reserve 50% of the offering for qualified institutional buyers, 35% for retail investors, and the remaining 15% for non-institutional investors.
Wise Travel India Limited IPO
Subscription Dates: February 12 to February 14
Price Range: ₹140 to ₹147 per share
Wise Travel India Limited is gearing up for its public offering, aiming to raise approximately ₹95 crore through a fresh equity sale of 64.41 lakh shares. The IPO will be open for subscription from February 12 to February 14, with Share India Capital acting as the book-running lead manager and Beetal Financial serving as the registrar for the issue.
Other IPOs Listing This Week
In addition to the two upcoming IPOs, investors can also keep an eye on several other listings scheduled for the week:
- Rashi Peripherals (Feb 14)
- Dive into the technology sector with the IPO of Rashi Peripherals, set to be listed on February 14.
- Jana Small Finance Bank (Feb 14)
- Explore the financial services landscape as Jana Small Finance Bank makes its debut on Dalal Street on February 14.
- Capital Small Finance Bank (Feb 14)
- Witness the listing of Capital Small Finance Bank, offering a glimpse into the small finance banking sector.
- Rudra Gas Enterprise (Feb 15)
- Gas up your investment portfolio with the IPO listing of Rudra Gas Enterprise on February 15.
- Alpex Solar (Feb 15)
- Tap into the renewable energy sector with the listing of Alpex Solar, scheduled for February 15.
As the IPO season continues to unfold, investors are presented with a myriad of opportunities to explore and diversify their portfolios. Keep a close watch on the market for the latest developments and investment prospects.
