The primary market is set to witness heightened activity this week, with the introduction of six new initial public offerings (IPOs) on Dalal Street during the final week of February.
Among these six IPOs, three are SMEs and the other three will be mainboard listings. Here is a compiled list of public offerings that will be open for subscription this week-
1. Platinum Industries IPO
Platinum Industries, a leading producer of PVC & CPVC additives in India, will be introducing its IPO valued at Rs 235.32 crores. The issue is solely a fresh issue of 1.38 crore shares. The subscription for the Platinum Industries IPO commences on February 27 and concludes on February 29. The price range is set at Rs 162 to Rs 171 per share. Investors can apply for a minimum lot size of 87 shares.
2. Exicom Tele-Systems IPO
The Exicom Tele-Systems IPO is valued at Rs 429.00 crores. The critical power and EV charging service provider will be issuing a combination of a fresh issue of 2.32 crore shares totaling Rs 329 crores and an offer for sale of 0.7 crore shares totaling Rs 100 crores. Subscriptions will open on February 27 and close on February 29. The price band for the IPO is set at Rs 135 to Rs 142 per share, with a minimum lot size of 100 shares.
3. Owais Metal and Mineral Processing IPO
The IPO for the metal and mineral mining (and processing) company will be open for subscription from February 26 to February 28. It is a book-built issue worth Rs 42.69 crores, comprising a fresh issue of 49.07 lakh shares. The price band for Owais Metal and Mineral Processing IPO is set at Rs 83 to Rs 87 per share, with a minimum lot size requirement of 1600 shares.
4. Purv Flexipack IPO
The subscription period for the Purv Flexipack IPO begins on February 27 and ends on February 29. This SME IPO constitutes a book-built issue valued at Rs 40.21 crores, featuring an exclusive fresh issue of 56.64 lakh shares. The price band for the Purv Flexipack IPO ranges from Rs 70 to Rs 71 per share.
5. Bharat Highways InvIT IPO
Bharat Highways InvIT IPO is a book-built issue of Rs 2,500 crores. The issue comprises only a fresh issue of 25 crore shares. Established as an infrastructure investment trust, it aims to acquire, manage, and invest in a portfolio of infrastructure assets. The subscription for Bharat Highways InvIT commences on February 28 and concludes on March 1. The price band for the IPO is fixed at Rs 98 to Rs 100 per share, with a minimum lot size of 150 shares.
6. M.V.K Agro Food IPO
The subscription window for the M.V.K. Agro Food IPO begins on February 29 and ends on March 4. The SME IPO is a fixed price issue amounting to Rs 65.88 crores. It will be an entirely fresh issue worth 54.9 lakh shares. The price per share for the M.V.K. Agro Food IPO stands at Rs 120, with a minimum lot size requirement of 1200 shares.
