Initial Public Offerings (IPOs) are events where private companies offer their shares to the public for the first time. Q1 2024 has been a particularly noteworthy period, witnessing a flurry of IPO activity across diverse sectors within India. These offerings serve as platforms through which private enterprises raise capital by offering shares to public investors for the first time.
The first quarter of 2024 has proven to be an opportune time for companies seeking to capitalize on investor sentiment and market conditions. With a multitude of enterprises vying for public investment, the period saw a diverse range of businesses from various industries stepping into the spotlight. From technology startups to traditional manufacturing firms, each IPO brought forth its unique value proposition and growth trajectory.
These IPOs not only present a chance for companies to raise significant capital but also offer investors the opportunity to participate in the growth story of promising ventures. It’s a symbiotic relationship where companies gain access to capital for expansion, while investors stand to benefit from potential capital appreciation as the company progresses on its growth trajectory.
Amidst the flurry of IPOs, trends begin to emerge, shedding light on the pulse of the market and investor preferences. Understanding these trends and analyzing the performance of IPOs can provide valuable insights into the broader economic landscape and the direction in which investor sentiment is heading.
In this analysis, we will delve into the key highlights of the IPOs launched in Q1 2024, examining the sectors that dominated the market, the standout performers, and the factors that drove investor interest. By dissecting the trends and performances of these offerings, we aim to provide a comprehensive overview of the IPO landscape during this period, offering valuable insights for investors, analysts, and market enthusiasts alike.
Creative Graphics Solutions India Limited IPO:
Overview: Creative Graphics Solutions India Limited, a provider of innovative solutions in the graphics industry, made its public debut through an IPO in Q1 2024.
Key Dates: The IPO opened on March 28, 2024, closed on April 4, 2024, and was listed on the NSE SME exchange on April 9, 2024.
Issue Details: Priced at Rs 85.00 per share, the IPO garnered significant attention with an issue size of Rs 54.40 crore and a lot size of 1,600 shares.
Investor Interest: The IPO saw robust investor interest, driven by the company’s innovative offerings and the growth potential perceived in the digital media sector. Investors were particularly attracted to the company’s prospects in the evolving landscape of graphic design and digital advertising.
Jay Kailash Namkeen Limited IPO:
Overview: Jay Kailash Namkeen Limited, specializing in the production of traditional Indian snacks, entered the public market with an IPO during Q1 2024.
Key Dates: The IPO was open for subscription from March 28, 2024, to April 3, 2024, and commenced trading on the BSE SME exchange on April 8, 2024.
Issue Details: Priced at Rs 73.00 per share, the IPO had an issue size of Rs 11.93 crore and a lot size of 1,600 shares.
Investor Response: Investors showed keen interest in the IPO, attracted by the company’s focus on ethnic food products and the growing demand for such snacks. The IPO was well-received as investors sought to capitalize on the increasing consumption of traditional Indian snacks.
K2 Infragen Limited IPO:
Overview: K2 Infragen Limited, engaged in providing engineering and construction services in the infrastructure sector, went public with an IPO in Q1 2024.
Key Dates: The IPO subscription window opened on March 28, 2024, and closed on April 3, 2024. The company’s shares were listed on the NSE SME exchange on April 8, 2024.
Issue Details: The IPO was priced at Rs 119.00 per share, with an issue size of Rs 40.54 crore and a lot size of 1,200 shares.
Investor Appeal: The IPO garnered interest from investors seeking exposure to India’s infrastructure development story. With a focus on engineering and construction services, K2 Infragen was seen as a potential beneficiary of government initiatives and investments in infrastructure projects.
Yash Optics & Lens Limited IPO:
Overview: Yash Optics & Lens Limited, a manufacturer of optical products, embarked on its IPO journey in Q1 2024.
Key Dates: The IPO subscription period commenced on March 27, 2024, and concluded on April 3, 2024. The company’s shares commenced trading on the NSE SME exchange on April 8, 2024.
Issue Details: Priced at Rs 81.00 per share, the IPO had an issue size of Rs 53.15 crore and a lot size of 1,600 shares.
Investor Interest: The IPO attracted attention from investors bullish on the healthcare and technology sectors. With increasing demand for optical products driven by advancements in healthcare and technology, investors saw potential growth opportunities in Yash Optics & Lens Limited.
Radiowalla Network Limited IPO:
Overview: Radiowalla Network Limited, operating in the media and entertainment industry with a focus on radio broadcasting, launched its IPO in Q1 2024.
Key Dates: The IPO was open for subscription from March 27, 2024, to April 2, 2024, and commenced trading on the NSE SME exchange on April 5, 2024.
Issue Details: Priced at Rs 76.00 per share, the IPO had an issue size of Rs 14.25 crore and a lot size of 1,600 shares.
Investor Response: The IPO received favorable responses from investors looking to capitalize on opportunities in the digital media space. With the growing popularity of digital radio and streaming platforms, Radiowalla Network Limited was viewed as a promising player in the evolving landscape of media and entertainment.
TAC Infosec Limited IPO:
Overview: TAC Infosec Limited, a provider of information security solutions, made its foray into the public market with an IPO in Q1 2024.
Key Dates: The IPO subscription window was open from March 27, 2024, to April 2, 2024. The company’s shares commenced trading on the NSE SME exchange on April 5, 2024.
Issue Details: Priced at Rs 106.00 per share, the IPO had an issue size of Rs 29.99 crore and a lot size of 1,200 shares.
Investor Interest: With the increasing importance of cybersecurity in the digital age, the IPO attracted investors seeking exposure to this rapidly growing sector. TAC Infosec Limited’s offerings were perceived as critical in safeguarding businesses and individuals against cyber threats, driving investor interest in the IPO.
Trust Fintech Limited IPO:
Overview: Trust Fintech Limited, operating in the fintech sector and offering innovative financial solutions, went public through an IPO in Q1 2024.
Key Dates: The IPO was open for subscription from March 26, 2024, to March 28, 2024, and commenced trading on the NSE SME exchange on April 4, 2024.
Issue Details: Priced at Rs 101.00 per share, the IPO had an issue size of Rs 63.45 crore and a lot size of 1,200 shares.
Investor Response: The IPO garnered significant interest from investors bullish on the fintech industry’s growth prospects. Trust Fintech Limited’s innovative financial solutions and potential to disrupt traditional banking attracted investors looking to capitalize on the digital transformation of the financial services sector.
SRM Contractors Limited IPO:
Overview: SRM Contractors Limited, engaged in construction and infrastructure development projects, entered the public market with an IPO in Q1 2024.
Key Dates: The IPO subscription period was from March 26, 2024, to March 28, 2024. The company’s shares were listed on both the BSE and NSE exchanges on April 3, 2024.
Issue Details: Priced at Rs 210.00 per share, the IPO had an issue size of Rs 130.20 crore and a lot size of 70 shares.
Investor Demand: The IPO witnessed strong demand from investors betting on the government’s focus on infrastructure development. With increased allocations towards infrastructure projects, SRM Contractors Limited was seen as well-positioned to benefit from the surge in construction activities and infrastructure spending.
Vruddhi Engineering Works Limited IPO:
Overview: Vruddhi Engineering Works Limited, providing engineering solutions in the manufacturing sector, went public through an IPO in Q1 2024.
Key Dates: The IPO subscription window opened on March 26, 2024, and closed on March 28, 2024. The company’s shares commenced trading on the BSE SME exchange on April 3, 2024.
Issue Details: Priced at Rs 70.00 per share, the IPO had an issue size of Rs 4.76 crore and a lot size of 2,000 shares.
Investor Interest: The IPO attracted investors looking to capitalize on the growth potential of India’s manufacturing industry. Vruddhi Engineering Works Limited’s offerings catered to the increasing demand for engineering solutions in the manufacturing sector, driving investor interest in the IPO.
Blue Pebble Limited IPO:
Overview: Blue Pebble Limited, engaged in the production of consumer goods, made its public debut with an IPO in Q1 2024.
Key Dates: The IPO subscription period ran from March 26, 2024, to March 28, 2024, and the company’s shares commenced trading on the NSE SME exchange on April 3, 2024.
Issue Details: Priced at Rs 168.00 per share, the IPO had an issue size of Rs 18.14 crore and a lot size of 800 shares.
Investor Response: The IPO received positive responses from investors optimistic about the consumption growth story in India. Blue Pebble Limited’s focus on producing consumer goods catered to the rising demand from India’s burgeoning middle class, driving investor interest in the IPO.
These IPOs represent a diverse range of sectors, offering investors opportunities to diversify their portfolios and participate in India’s economic growth story. As always, investors should conduct thorough due diligence before investing in any IPO.
Aspire & Innovative Advertising Limited IPO:
Overview: Aspire & Innovative Advertising Limited, operating in the advertising and marketing sector, made its public debut through an IPO in Q1 2024.
Key Dates: The IPO subscription period ran from March 26, 2024, to March 28, 2024. The company’s shares commenced trading on the NSE SME exchange on April 3, 2024.
Issue Details: Priced at Rs 54.00 per share, the IPO had an issue size of Rs 21.97 crore and a lot size of 2,000 shares.
Investor Interest: With the rise of digital marketing and innovative advertising solutions, the IPO attracted investors bullish on the advertising industry’s growth potential. Aspire & Innovative Advertising Limited’s offerings were perceived as well-positioned to capitalize on the evolving marketing landscape.
GConnect Logitech and Supply Chain Limited IPO:
Overview: GConnect Logitech and Supply Chain Limited, engaged in logistics and supply chain management services, entered the public market with an IPO in Q1 2024.
Key Dates: The IPO subscription window was open from March 26, 2024, to March 28, 2024. The company’s shares commenced trading on the BSE SME exchange on April 3, 2024.
Issue Details: Priced at Rs 40.00 per share, the IPO had an issue size of Rs 5.60 crore and a lot size of 3,000 shares.
Investor Response: The IPO garnered interest from investors eyeing opportunities in the logistics sector, driven by the rapid growth of e-commerce. GConnect Logitech and Supply Chain Limited’s offerings were perceived as critical in facilitating seamless logistics operations amidst the booming e-commerce landscape.
Naman In-Store (India) Limited IPO:
Overview: Naman In-Store (India) Limited, operating in the retail sector, made its public debut through an IPO in Q1 2024.
Key Dates: The IPO subscription period was from March 22, 2024, to March 27, 2024. The company’s shares commenced trading on the NSE SME exchange on April 2, 2024.
Issue Details: Priced at Rs 89.00 per share, the IPO had an issue size of Rs 25.35 crore and a lot size of 1,600 shares.
Investor Interest: The IPO received positive responses from investors bullish on the retail sector’s growth prospects. Naman In-Store (India) Limited’s diverse product offerings and strategic retail operations attracted investors looking to capitalize on the burgeoning consumer demand.
Vishwas Agri Seeds Limited IPO:
Overview: Vishwas Agri Seeds Limited, specializing in agricultural seeds production and distribution, went public through an IPO in Q1 2024.
Key Dates: The IPO subscription window opened on March 21, 2024, and closed on March 26, 2024. The company’s shares commenced trading on the NSE SME exchange on April 1, 2024.
Issue Details: Priced at Rs 86.00 per share, the IPO had an issue size of Rs 25.80 crore and a lot size of 1,600 shares.
Investor Response: The IPO attracted investors looking to capitalize on the agriculture sector’s growth opportunities amidst increasing focus on food security. Vishwas Agri Seeds Limited’s expertise in agricultural seeds production positioned it well to benefit from the growing demand for high-quality seeds.
Omfurn India Limited FPO:
Overview: Omfurn India Limited, engaged in the furniture manufacturing business, conducted a Follow-on Public Offering (FPO) in Q1 2024.
Key Dates: The FPO subscription period was from March 20, 2024, to March 22, 2024. The company’s shares were listed on the NSE SME exchange on March 28, 2024.
Issue Details: Priced at Rs 75.00 per share, the FPO had an issue size of Rs 27.00 crore and a lot size of 2,400 shares.
Objective: The FPO aimed to raise funds for expansion and enhancing production capabilities to meet the growing demand for furniture products. Omfurn India Limited’s expansion plans and growth prospects attracted investor interest in the FPO.
Chatha Foods Limited IPO:
Overview: Chatha Foods Limited, operating in the food processing industry, debuted in the public market through an IPO in Q1 2024.
Key Dates: The IPO subscription window was open from March 19, 2024, to March 21, 2024. The company’s shares commenced trading on the BSE SME exchange on March 27, 2024.
Issue Details: Priced at Rs 56.00 per share, the IPO had an issue size of Rs 34.00 crore and a lot size of 2,000 shares.
Investor Interest: With a focus on the production of packaged food products, Chatha Foods Limited attracted investors bullish on the growth prospects of the packaged food segment. The company’s offerings were well-aligned with the increasing consumer demand for convenient and nutritious food options.
KP Green Engineering Limited IPO:
Overview: KP Green Engineering Limited, providing engineering solutions for green energy projects, conducted its IPO in Q1 2024.
Key Dates: The IPO subscription period ran from March 15, 2024, to March 19, 2024. The company’s shares were listed on the BSE SME exchange on March 22, 2024.
Issue Details: Priced at Rs 144.00 per share, the IPO had an issue size of Rs 189.50 crore and a lot size of 1,000 shares.
Investor Response: KP Green Engineering Limited’s focus on renewable energy solutions attracted positive responses from investors seeking exposure to the rapidly growing renewable energy sector. The IPO offered investors an opportunity to participate in the transition towards cleaner and sustainable energy sources.
Enfuse Solutions Limited IPO:
Overview: Enfuse Solutions Limited, offering IT solutions and services, entered the public market through an IPO in Q1 2024.
Key Dates: The IPO subscription window was open from March 15, 2024, to March 19, 2024. The company’s shares commenced trading on the NSE SME exchange on March 22, 2024.
Issue Details: Priced at Rs 96.00 per share, the IPO had an issue size of Rs 22.44 crore and a lot size of 1,200 shares.
Investor Interest: Enfuse Solutions Limited’s focus on providing IT solutions aligned with digital transformation initiatives attracted investors bullish on the IT sector’s growth prospects. The IPO provided investors with an opportunity to invest in a company positioned to benefit from the increasing adoption of technology across industries.
Enser Communications Limited IPO:
Overview: Enser Communications Limited, specializing in communication solutions, conducted its IPO in Q1 2024.
Key Dates: The IPO subscription period ran from March 15, 2024, to March 19, 2024. The company’s shares were listed on the NSE SME exchange on March 22, 2024.
Issue Details: Priced at Rs 70.00 per share, the IPO had an issue size of Rs 16.17 crore and a lot size of 2,000 shares.
Investor Response: Enser Communications Limited’s offerings in networking and telecommunication services attracted interest from investors optimistic about the telecom sector’s growth potential. The IPO provided investors with an opportunity to invest in a company positioned to benefit from the increasing demand for communication solutions.
Krystal Integrated Services Limited IPO:
Overview: Krystal Integrated Services Limited, offering integrated facility management solutions, went public through an IPO in Q1 2024.
Key Dates: The IPO subscription window was open from March 14, 2024, to March 18, 2024. The company’s shares were listed on both the BSE and NSE exchanges on March 21, 2024.
Issue Details: Priced at Rs 715.00 per share, the IPO had an issue size of Rs 300.13 crore and a lot size of 20 shares.
Investor Interest: With a strong track record and growth potential in the facility management industry, Krystal Integrated Services Limited attracted significant investor interest. The IPO provided investors with an opportunity to invest in a company poised for growth in the integrated facility management sector.
AVP Infracon Limited IPO:
Overview: AVP Infracon Limited, specializing in infrastructure construction projects, conducted its IPO in Q1 2024.
Key Dates: The IPO subscription period ran from March 13, 2024, to March 15, 2024. The company’s shares commenced trading on the NSE SME exchange on March 20, 2024.
Issue Details: Priced at Rs 75.00 per share, the IPO had an issue size of Rs 52.34 crore and a lot size of 1,600 shares.
Investor Response: AVP Infracon Limited’s focus on infrastructure construction projects attracted positive responses from investors seeking to capitalize on the government’s emphasis on infrastructure development. The IPO provided investors with an opportunity to invest in a company positioned to benefit from the growing demand for infrastructure development projects.
Signoria Creation Limited IPO:
Overview: Signoria Creation Limited, operating in the fashion and apparel industry with a specialization in ethnic wear, went public through an IPO in Q1 2024.
Key Dates: The IPO subscription window was open from March 12, 2024, to March 14, 2024. The company’s shares were listed on the NSE SME exchange on March 19, 2024.
Issue Details: Priced at Rs 65.00 per share, the IPO had an issue size of Rs 9.28 crore and a lot size of 2,000 shares.
Investor Interest: Signoria Creation Limited attracted investors bullish on the consumer discretionary sector’s growth prospects, particularly in ethnic wear. The IPO provided investors with an opportunity to invest in a company positioned to benefit from the increasing demand for ethnic fashion in India.
Popular Vehicles & Services Limited IPO:
Overview: Popular Vehicles & Services Limited, engaged in automobile dealership and servicing, conducted its IPO in Q1 2024.
Key Dates: The IPO subscription period ran from March 12, 2024, to March 14, 2024. The company’s shares were listed on both the BSE and NSE exchanges on March 19, 2024.
Issue Details: Priced at Rs 295.00 per share, the IPO had an issue size of Rs 601.55 crore and a lot size of 50 shares.
Investor Response: With a focus on automobile dealership and servicing, Popular Vehicles & Services Limited witnessed strong demand from investors optimistic about the automotive sector’s growth potential. The IPO provided investors with an opportunity to invest in a company with a strong presence in the automotive industry.
Royal Sense Limited IPO:
Overview: Royal Sense Limited, offering personal care and hygiene products, went public through an IPO in Q1 2024.
Key Dates: The IPO subscription window was open from March 12, 2024, to March 14, 2024. The company’s shares were listed on the BSE SME exchange on March 19, 2024.
Issue Details: Priced at Rs 68.00 per share, the IPO had an issue size of Rs 9.86 crore and a lot size of 2,000 shares.
Investor Interest: Royal Sense Limited attracted investors bullish on the consumer goods sector’s growth potential, especially in personal care and hygiene products. The IPO provided investors with an opportunity to invest in a company positioned to benefit from the increasing consumer awareness regarding personal hygiene.
Pratham EPC Projects Limited IPO:
Overview: Pratham EPC Projects Limited, providing engineering, procurement, and construction services, conducted its IPO in Q1 2024.
Key Dates: The IPO subscription period ran from March 11, 2024, to March 13, 2024. The company’s shares were listed on the NSE SME exchange on March 18, 2024.
Issue Details: Priced at Rs 75.00 per share, the IPO had an issue size of Rs 36.00 crore and a lot size of 1,600 shares.
Investor Response: With a focus on engineering, procurement, and construction services, Pratham EPC Projects Limited received positive responses from investors bullish on the infrastructure and construction sectors. The IPO provided investors with an opportunity to invest in a company poised for growth in the infrastructure development space.
Pune E-Stock Broking Limited IPO:
Overview: Pune E-Stock Broking Limited, operating in stock broking and financial services, went public through an IPO in Q1 2024.
Key Dates: The IPO subscription period ran from March 07, 2024, to March 12, 2024. The company’s shares commenced trading on the BSE SME exchange on March 15, 2024.
Issue Details: Priced at Rs 83.00 per share, the IPO had an issue size of Rs 38.23 crore and a lot size of 1,600 shares.
Investor Interest: Pune E-Stock Broking Limited attracted investors seeking to capitalize on the increasing popularity of online trading platforms. The IPO provided investors with an opportunity to invest in a company positioned to benefit from the growing trend of digitalization in the financial services sector.
Gopal Snacks Limited IPO:
Overview: Gopal Snacks Limited, a leading player in the snack food industry, conducted its IPO in Q1 2024.
Key Dates: The IPO subscription period was from March 06, 2024, to March 11, 2024. The company’s shares were listed on both the BSE and NSE exchanges on March 14, 2024.
Issue Details: Priced at Rs 401.00 per share, the IPO had an issue size of Rs 650.00 crore and a lot size of 37 shares.
Investor Response: Gopal Snacks Limited garnered significant attention from investors bullish on the FMCG sector’s growth prospects. The IPO provided investors with an opportunity to invest in a well-established player in the snack food industry with a wide range of packaged snacks.
Shree Karni Fabcom Limited IPO:
Overview: Shree Karni Fabcom Limited, engaged in textile manufacturing, conducted its IPO in Q1 2024.
Key Dates: The IPO subscription period ran from March 06, 2024, to March 11, 2024. The company’s shares commenced trading on the NSE SME exchange on March 14, 2024.
Issue Details: Priced at Rs 227.00 per share, the IPO had an issue size of Rs 42.49 crore and a lot size of 600 shares.
Investor Interest: Shree Karni Fabcom Limited attracted investors optimistic about the revival of the textile industry and its export potential. The IPO provided investors with an opportunity to invest in a company engaged in textile manufacturing, including fabrics and garments.
Koura Fine Diamond Jewelry Limited IPO:
Overview: Koura Fine Diamond Jewelry Limited, specializing in the manufacturing and retailing of fine diamond jewelry, conducted its IPO in Q1 2024.
Key Dates: The IPO subscription period was from March 06, 2024, to March 11, 2024. The company’s shares were listed on the BSE SME exchange on March 14, 2024.
Issue Details: Priced at Rs 55.00 per share, the IPO had an issue size of Rs 5.50 crore and a lot size of 2,000 shares.
Investor Response: Koura Fine Diamond Jewelry Limited attracted investors looking to capitalize on the growing demand for luxury goods, particularly in the jewelry segment. The IPO provided investors with an opportunity to invest in a company specializing in fine diamond jewelry manufacturing and retailing.
JG Chemicals Limited IPO:
Overview: JG Chemicals Limited, a manufacturer of specialty chemicals used in various industries, conducted its IPO in Q1 2024.
Key Dates: The IPO subscription period ran from March 05, 2024, to March 07, 2024. The company’s shares commenced trading on both the BSE and NSE exchanges on March 13, 2024.
Issue Details: Priced at Rs 221.00 per share, the IPO had an issue size of Rs 251.19 crore and a lot size of 67 shares.
Investor Response: JG Chemicals Limited witnessed strong demand from investors bullish on the specialty chemicals sector’s growth potential. The IPO provided investors with an opportunity to invest in a company engaged in the manufacturing of specialty chemicals used across various industries such as pharmaceuticals, textiles, and agriculture.
Sona Machinery Limited IPO:
Overview: Sona Machinery Limited, a manufacturer and distributor of machinery used in industries like packaging, printing, and textiles, initiated its IPO in Q1 2024.
Key Dates: The IPO subscription window was from March 05, 2024, to March 07, 2024. The stock debuted on the NSE SME exchange on March 13, 2024.
Issue Details: Priced at Rs 143.00 per share, the IPO aimed to raise Rs 51.82 crore, with a lot size of 1,000 shares.
Investor Interest: The IPO attracted investors optimistic about the manufacturing sector’s growth prospects, considering Sona Machinery’s role in providing machinery crucial to various industrial processes.
R K SWAMY Limited IPO:
Overview: R K SWAMY Limited, a prominent marketing and communications agency, embarked on its IPO journey in Q1 2024.
Key Dates: Investors had the opportunity to subscribe to the IPO from March 04, 2024, to March 06, 2024. The stock commenced trading on both the BSE and NSE exchanges on March 12, 2024.
Issue Details: Priced at Rs 288.00 per share, the IPO targeted a fundraising of Rs 423.56 crore, with a lot size of 50 shares.
Investor Response: The IPO attracted investors bullish on the advertising and media sector’s growth potential, as R K SWAMY Limited offers a wide array of services catering to diverse industries.
V R Infraspace Limited IPO:
Overview: V R Infraspace Limited, engaged in infrastructure development projects including roads, bridges, and real estate, went public through an IPO in Q1 2024.
Key Dates: The IPO subscription period lasted from March 04, 2024, to March 06, 2024. The company’s shares started trading on the NSE SME exchange on March 12, 2024.
Issue Details: With an issue price of Rs 85.00 per share, the IPO sought to raise Rs 20.40 crore, offering a lot size of 1,600 shares.
Investor Interest: The IPO attracted investors looking to capitalize on the government’s infrastructure development initiatives, considering V R Infraspace’s involvement in such projects.
Mukka Proteins Limited IPO:
Overview: Mukka Proteins Limited, a manufacturer of soy protein products, entered the IPO market in Q1 2024.
Key Dates: Investors had the opportunity to subscribe to the IPO from February 29, 2024, to March 04, 2024. The stock debuted on both the BSE and NSE exchanges on March 07, 2024.
Issue Details: Priced at Rs 28.00 per share, the IPO aimed to raise Rs 224.00 crore, with a lot size of 535 shares.
Investor Response: The IPO garnered attention from investors interested in the rising demand for plant-based protein alternatives, reflecting changing consumer preferences toward healthier food options.
M.V.K. Agro Food Product Ltd IPO:
Overview: M.V.K. Agro Food Product Ltd, involved in the processing and distribution of agricultural products, conducted its IPO in Q1 2024.
Key Dates: The IPO subscription period ran from February 29, 2024, to March 04, 2024. The stock started trading on the NSE SME exchange on March 07, 2024.
Issue Details: With an issue price of Rs 120.00 per share, the IPO aimed to raise Rs 65.88 crore, offering a lot size of 1,200 shares.
Investor Interest: The IPO attracted investors bullish on the agriculture and food processing sectors’ growth potential, considering M.V.K. Agro Food Product Ltd’s involvement in these segments.
Bharat Highways Infrastructure Investment Trust InvIT:
Overview: Bharat Highways Infrastructure Investment Trust InvIT, focused on highways and road infrastructure projects, went public through an IPO in Q1 2024.
Key Dates: The IPO subscription window was from February 28, 2024, to March 01, 2024. The trust’s units debuted on both the BSE and NSE exchanges on March 12, 2024.
Issue Details: Priced at Rs 100.00 per unit, the IPO aimed to raise Rs 2500.00 crore, with a lot size of 150 units.
Investor Interest: The IPO attracted investors seeking exposure to stable income-generating infrastructure assets, considering Bharat Highways Infrastructure Investment Trust InvIT’s focus on highways and road infrastructure projects.
Platinum Industries Limited IPO:
Overview: Platinum Industries Limited, a manufacturer of plastic pipes and fittings, conducted its IPO in Q1 2024.
Key Dates: Investors had the opportunity to subscribe to the IPO from February 27, 2024, to February 29, 2024. The stock commenced trading on both the BSE and NSE exchanges on March 05, 2024.
Issue Details: With an issue price of Rs 171.00 per share, the IPO aimed to raise Rs 235.32 crore, offering a lot size of 87 shares.
Investor Response: The IPO received significant interest from investors bullish on the infrastructure and construction sectors, given Platinum Industries’ role in providing essential materials for various construction projects.
Exicom Tele-Systems Limited IPO:
Overview: Exicom Tele-Systems Limited, a manufacturer of telecom equipment and solutions, conducted its IPO in Q1 2024.
Key Dates: The IPO subscription period lasted from February 27, 2024, to February 29, 2024. The company’s shares started trading on both the BSE and NSE exchanges on March 05, 2024.
Issue Details: Priced at Rs 142.00 per share, the IPO sought to raise Rs 429.00 crore, offering a lot size of 100 shares.
Investor Interest: The IPO attracted investors optimistic about the growth potential of the telecom and clean energy sectors, considering Exicom Tele-Systems Limited’s focus on providing solutions for electric vehicles and telecom infrastructure.
Purv Flexipack Limited IPO:
Overview: Purv Flexipack Limited, engaged in the manufacturing of flexible packaging materials, initiated its IPO in Q1 2024.
Key Dates: Investors had the opportunity to subscribe to the IPO from February 27, 2024, to February 29, 2024. The stock started trading on the NSE SME exchange on March 05, 2024.
Issue Details: With an issue price of Rs 71.00 per share, the IPO aimed to raise Rs 40.21 crore, offering a lot size of 1,600 shares.
Investor Interest: The IPO attracted investors bullish on the packaging industry’s growth prospects, as Purv Flexipack Limited plays a crucial role in providing packaging solutions for various industries.
Owais Metal and Mineral Processing Limited IPO:
Overview: Owais Metal and Mineral Processing Limited, involved in metal and mineral processing activities like refining and smelting, initiated its IPO in Q1 2024.
Key Dates: The IPO subscription window was open from February 26, 2024, to February 28, 2024. The stock commenced trading on the NSE SME exchange on March 04, 2024.
Issue Details: Priced at Rs 87.00 per share, the IPO aimed to raise Rs 42.69 crore, offering a lot size of 1,600 shares.
Investor Interest: The IPO attracted investors looking to capitalize on the growing demand for metals and minerals across various industries, including manufacturing, construction, and automotive. Owais Metal and Mineral Processing Limited’s activities in refining and smelting positioned it well to benefit from this demand surge.
Sadhav Shipping Limited IPO:
Overview: Sadhav Shipping Limited, a shipping company providing maritime transport services, including bulk cargo and container shipping, launched its IPO in Q1 2024.
Key Dates: Investors could subscribe to the IPO from February 23, 2024, to February 27, 2024. The stock debuted on the NSE SME exchange on March 01, 2024.
Issue Details: With an issue price of Rs 95.00 per share, the IPO sought to raise Rs 38.18 crore, offering a lot size of 1,200 shares.
Investor Response: The IPO attracted investors interested in the logistics and shipping industry’s growth potential, driven by the expansion of international trade and the increasing need for efficient maritime transport solutions.
GPT Healthcare Limited IPO:
Overview: GPT Healthcare Limited, operating hospitals and healthcare facilities, initiated its IPO in Q1 2024.
Key Dates: The IPO subscription period lasted from February 22, 2024, to February 26, 2024. The stock commenced trading on both the BSE and NSE exchanges on February 29, 2024.
Issue Details: Priced at Rs 186.00 per share, the IPO aimed to raise Rs 525.14 crore, offering a lot size of 80 shares.
Investor Interest: The IPO attracted investors bullish on the healthcare sector’s growth potential, driven by factors such as increasing healthcare spending, rising demand for quality medical services, and the growing emphasis on healthcare infrastructure development.
Juniper Hotels Limited IPO:
Overview: Juniper Hotels Limited, operating a chain of hotels and resorts, conducted its IPO in Q1 2024.
Key Dates: Investors had the opportunity to subscribe to the IPO from February 21, 2024, to February 23, 2024. The stock debuted on both the BSE and NSE exchanges on February 28, 2024.
Issue Details: With an issue price of Rs 360.00 per share, the IPO aimed to raise Rs 1800.00 crore, offering a lot size of 40 shares.
Investor Response: The IPO attracted investors optimistic about the recovery of the tourism and hospitality industry post-pandemic, as Juniper Hotels Limited positioned itself to cater to the increasing demand for leisure and business travel accommodations.
Deem Roll Tech Limited IPO:
Overview: Deem Roll Tech Limited, a manufacturer of industrial rollers, conducted its IPO in Q1 2024.
Key Dates: The IPO subscription period lasted from February 20, 2024, to February 22, 2024. The stock commenced trading on the NSE SME exchange on February 27, 2024.
Issue Details: Priced at Rs 129.00 per share, the IPO aimed to raise Rs 29.26 crore, offering a lot size of 1,000 shares.
Investor Interest: The IPO attracted investors bullish on the manufacturing sector’s growth prospects, given Deem Roll Tech Limited’s essential role in providing industrial rollers for various industries like steel, paper, and textiles.
Zenith Drugs Limited IPO:
Overview: Zenith Drugs Limited, engaged in pharmaceutical manufacturing and marketing, initiated its IPO in Q1 2024.
Key Dates: Investors could subscribe to the IPO from February 19, 2024, to February 22, 2024. The stock debuted on the NSE SME exchange on February 27, 2024.
Issue Details: With an issue price of Rs 79.00 per share, the IPO sought to raise Rs 40.68 crore, offering a lot size of 1,600 shares.
Investor Response: The IPO attracted investors optimistic about the pharmaceutical sector’s growth potential, driven by factors such as increasing healthcare demand, rising healthcare spending, and the growing focus on healthcare infrastructure development. Zenith Drugs Limited’s portfolio of generic drugs and formulations positioned it well to capitalize on these trends.
Esconet Technologies Limited IPO:
Overview: Esconet Technologies Limited, a provider of IT solutions and services including software development, cloud computing, and cybersecurity, launched its IPO in Q1 2024.
Key Dates: The IPO subscription period ran from February 16, 2024, to February 20, 2024. The stock commenced trading on the NSE SME exchange on February 23, 2024.
Issue Details: Priced at Rs 84.00 per share, the IPO aimed to raise Rs 28.22 crore, offering a lot size of 1,600 shares.
Investor Interest: The IPO attracted investors bullish on the technology sector’s growth prospects, recognizing the increasing demand for IT solutions and services driven by digital transformation initiatives across industries.
Kalahridhaan Trendz Limited IPO:
Overview: Kalahridhaan Trendz Limited, engaged in the manufacturing and retailing of ethnic and traditional clothing, initiated its IPO in Q1 2024.
Key Dates: Investors had the opportunity to subscribe to the IPO from February 15, 2024, to February 20, 2024. The stock debuted on the NSE SME exchange on February 23, 2024.
Issue Details: With an issue price of Rs 45.00 per share, the IPO sought to raise Rs 22.49 crore, offering a lot size of 3,000 shares.
Investor Response: The IPO attracted investors optimistic about the consumer discretionary sector’s growth potential, driven by changing fashion trends and the increasing demand for ethnic and traditional clothing.
Thaai Casting Ltd IPO:
Overview: Thaai Casting Ltd, specializing in manufacturing metal castings for various industries such as automotive, aerospace, and engineering, conducted its IPO in Q1 2024.
Key Dates: The IPO subscription window was open from February 15, 2024, to February 20, 2024. The stock commenced trading on the NSE SME exchange on February 23, 2024.
Issue Details: Priced at Rs 77.00 per share, the IPO aimed to raise Rs 47.20 crore, offering a lot size of 1,600 shares.
Investor Interest: The IPO attracted investors interested in the manufacturing sector’s growth potential, recognizing Thaai Casting Ltd’s essential role in supporting industrial activities across diverse sectors.
Atmastco Limited IPO:
Overview: Atmastco Limited, engaged in the manufacturing and distribution of storage solutions, including pallet racking systems and industrial shelving, initiated its IPO in Q1 2024.
Key Dates: Investors could subscribe to the IPO from February 15, 2024, to February 20, 2024. The stock debuted on the NSE SME exchange on February 23, 2024.
Issue Details: With an issue price of Rs 77.00 per share, the IPO aimed to raise Rs 56.25 crore, offering a lot size of 1,600 shares.
Investor Response: The IPO attracted investors bullish on the logistics and warehousing sector’s growth potential, driven by the expansion of e-commerce and the increasing need for efficient storage solutions.
Interiors and More Limited IPO:
Overview: Interiors and More Limited, providing interior design and fit-out services for commercial and residential properties, conducted its IPO in Q1 2024.
Key Dates: The IPO subscription period lasted from February 15, 2024, to February 20, 2024. The stock commenced trading on the NSE SME exchange on February 23, 2024.
Issue Details: Priced at Rs 227.00 per share, the IPO aimed to raise Rs 42.00 crore, offering a lot size of 600 shares.
Investor Interest: The IPO attracted investors optimistic about the real estate and construction sectors’ growth potential, recognizing the increasing demand for interior design and fit-out services driven by urbanization and infrastructure development.
Vibhor Steel Tubes Limited IPO:
Overview: Vibhor Steel Tubes Limited, a manufacturer and distributor of steel tubes used in construction, infrastructure, and automotive applications, launched its IPO in Q1 2024.
Key Dates: The IPO subscription period ran from February 13, 2024, to February 15, 2024. The stock debuted on both the BSE and NSE exchanges on February 20, 2024.
Issue Details: Priced at Rs 151.00 per share, the IPO aimed to raise Rs 72.17 crore, offering a lot size of 99 shares.
Investor Interest: The IPO attracted investors bullish on the manufacturing and infrastructure sectors’ growth prospects, recognizing the significance of steel tubes in various industries.
Wise Travel India Limited IPO:
Overview: Wise Travel India Limited, a travel agency offering travel services such as ticketing, accommodation, and tour packages, initiated its IPO in Q1 2024.
Key Dates: Investors had the opportunity to subscribe to the IPO from February 12, 2024, to February 14, 2024. The stock commenced trading on the NSE SME exchange on February 19, 2024.
Issue Details: With an issue price of Rs 147.00 per share, the IPO sought to raise Rs 94.68 crore, offering a lot size of 1,000 shares.
Investor Response: The IPO attracted investors optimistic about the revival of the travel and tourism industry post-pandemic, recognizing the potential for increased travel demand.
Entero Healthcare Solutions Limited IPO:
Overview: Entero Healthcare Solutions Limited, a provider of healthcare software solutions for hospitals and clinics, conducted its IPO in Q1 2024.
Key Dates: The IPO subscription window was open from February 09, 2024, to February 13, 2024. The stock debuted on both the BSE and NSE exchanges on February 16, 2024.
Issue Details: Priced at Rs 1258.00 per share, the IPO aimed to raise Rs 1600.00 crore, offering a lot size of 11 shares.
Investor Interest: The IPO attracted investors bullish on the healthcare IT sector’s growth potential, recognizing the increasing demand for digital transformation in healthcare delivery.
Polysil Irrigation Systems Limited IPO:
Overview: Polysil Irrigation Systems Limited, a manufacturer of irrigation systems and equipment for agriculture and landscaping, initiated its IPO in Q1 2024.
Key Dates: Investors could subscribe to the IPO from February 08, 2024, to February 13, 2024. The stock commenced trading on the NSE SME exchange on February 16, 2024.
Issue Details: With an issue price of Rs 54.00 per share, the IPO aimed to raise Rs 17.44 crore, offering a lot size of 2,000 shares.
Investor Response: The IPO attracted investors optimistic about the agriculture sector’s growth potential, recognizing the importance of efficient water management solutions in enhancing agricultural productivity.
Alpex Solar Limited IPO:
Overview: Alpex Solar Limited, a manufacturer of solar panels and renewable energy solutions, conducted its IPO in Q1 2024.
Key Dates: The IPO subscription period lasted from February 08, 2024, to February 12, 2024. The stock debuted on the NSE SME exchange on February 15, 2024.
Issue Details: Priced at Rs 115.00 per share, the IPO aimed to raise Rs 74.52 crore, offering a lot size of 1,200 shares.
Investor Interest: The IPO attracted investors bullish on the clean energy sector’s growth potential, recognizing the increasing adoption of solar power and renewable energy solutions.
Rudra Gas Enterprise Limited IPO:
Overview: Rudra Gas Enterprise Limited, specializing in the processing and distribution of natural gas and petroleum products, conducted its IPO in Q1 2024.
Key Dates: The IPO subscription period lasted from February 08, 2024, to February 12, 2024. The stock commenced trading on the BSE SME exchange on February 15, 2024.
Issue Details: Priced at Rs 63.00 per share, the IPO aimed to raise Rs 14.16 crore, offering a lot size of 2,000 shares.
Investor Response: The IPO attracted investors optimistic about the energy sector’s growth potential and the increasing demand for cleaner fuel alternatives, recognizing the importance of natural gas in the transition towards sustainable energy sources.
Rashi Peripherals Limited IPO:
Overview: Rashi Peripherals Limited, a leading distributor of IT hardware and peripherals in India, initiated its IPO in Q1 2024.
Key Dates: Investors had the opportunity to subscribe to the IPO from February 07, 2024, to February 09, 2024. The stock debuted on both the BSE and NSE exchanges on February 14, 2024.
Issue Details: With an issue price of Rs 311.00 per share, the IPO aimed to raise Rs 600.00 crore, offering a lot size of 48 shares.
Investor Interest: The IPO attracted investors bullish on the technology distribution sector’s growth potential, driven by increasing demand for IT products and services across various industries and consumer segments.
Jana Small Finance Bank Limited IPO:
Overview: Jana Small Finance Bank Limited, focused on providing banking services to underserved segments, launched its IPO in Q1 2024.
Key Dates: The IPO subscription window ran from February 07, 2024, to February 09, 2024. The stock debuted on both the BSE and NSE exchanges on February 14, 2024.
Issue Details: Priced at Rs 414.00 per share, the IPO aimed to raise Rs 570.00 crore, offering a lot size of 36 shares.
Investor Response: The IPO attracted investors optimistic about the banking sector’s growth potential, particularly in serving rural and semi-urban areas, where there’s significant untapped market potential for banking services.
Capital Small Finance Bank Limited IPO:
Overview: Capital Small Finance Bank Limited, catering to the financial needs of MSMEs and low-income households, conducted its IPO in Q1 2024.
Key Dates: Investors could subscribe to the IPO from February 07, 2024, to February 09, 2024. The stock debuted on both the BSE and NSE exchanges on February 14, 2024.
Issue Details: With an issue price of Rs 468.00 per share, the IPO aimed to raise Rs 523.07 crore, offering a lot size of 32 shares.
Investor Interest: The IPO attracted investors optimistic about the growth potential of small finance banks in India’s banking landscape, recognizing their role in financial inclusion and supporting the growth of MSMEs.
Apeejay Surrendra Park Hotels Limited IPO:
Overview: Apeejay Surrendra Park Hotels Limited, operating luxury hotels and resorts, initiated its IPO in Q1 2024.
Key Dates: The IPO subscription period lasted from February 05, 2024, to February 07, 2024. The stock commenced trading on both the BSE and NSE exchanges on February 12, 2024.
Issue Details: Priced at Rs 155.00 per share, the IPO aimed to raise Rs 920.00 crore, offering a lot size of 96 shares.
Investor Response: The IPO attracted investors bullish on the hospitality and tourism sector’s growth potential, driven by increasing domestic and international travel, as well as growing disposable incomes and changing consumer preferences towards luxury experiences.
Italian Edibles Limited IPO:
Overview: Italian Edibles Limited, a manufacturer and distributor of food products like pasta, sauces, and condiments, launched its IPO in Q1 2024.
Key Dates: The IPO subscription period ran from February 02, 2024, to February 07, 2024. The stock debuted on the NSE SME exchange on February 12, 2024.
Issue Details: Priced at Rs 68.00 per share, the IPO aimed to raise Rs 26.66 crore, offering a lot size of 2,000 shares.
Investor Response: Investors showed optimism regarding the growth potential of the packaged food industry, driven by changing consumer preferences and lifestyles, which favor convenient and ready-to-eat food options.
Gabriel Pet Straps Limited IPO:
Overview: Gabriel Pet Straps Limited, a manufacturer of pet straps used in packaging applications, conducted its IPO in Q1 2024.
Key Dates: Investors could subscribe to the IPO from January 31, 2024, to February 02, 2024. The stock commenced trading on the BSE SME exchange on February 07, 2024.
Issue Details: With an issue price of Rs 101.00 per share, the IPO aimed to raise Rs 8.06 crore, offering a lot size of 1,200 shares.
Investor Interest: The IPO attracted investors bullish on the packaging materials sector’s growth potential, driven by the increasing need for packaging solutions across various industries, including industrial and consumer goods production.
BLS E-Services Limited IPO:
Overview: BLS E-Services Limited, providing outsourcing and e-governance services, initiated its IPO in Q1 2024.
Key Dates: The IPO subscription window lasted from January 30, 2024, to February 01, 2024. The stock debuted on both the BSE and NSE exchanges on February 06, 2024.
Issue Details: Priced at Rs 135.00 per share, the IPO aimed to raise Rs 310.91 crore, offering a lot size of 108 shares.
Investor Response: Investors expressed optimism regarding the growth potential of the outsourcing industry, fueled by the increasing demand for digital services, especially in areas like visa processing and document verification.
Baweja Studios Limited IPO:
Overview: Baweja Studios Limited, engaged in film production and distribution, launched its IPO in Q1 2024.
Key Dates: Investors had the opportunity to subscribe to the IPO from January 29, 2024, to February 01, 2024. The stock commenced trading on the NSE SME exchange on February 06, 2024.
Issue Details: With an issue price of Rs 180.00 per share, the IPO aimed to raise Rs 97.20 crore, offering a lot size of 800 shares.
Investor Interest: The IPO attracted investors optimistic about the media and entertainment sector’s growth potential, driven by increasing content consumption across various platforms and the expanding market for film and entertainment content.
Megatherm Induction Limited IPO:
Overview: Megatherm Induction Limited, specializing in the manufacturing and distribution of induction heating equipment, conducted its IPO in Q1 2024.
Key Dates: The IPO subscription period ran from January 29, 2024, to January 31, 2024. The stock debuted on the NSE SME exchange on February 05, 2024.
Issue Details: Priced at Rs 108.00 per share, the IPO aimed to raise Rs 53.91 crore, offering a lot size of 1,200 shares.
Investor Response: Investors showed optimism about the industrial manufacturing sector’s growth potential, particularly in specialized equipment and machinery like induction heating equipment, which finds applications in various industrial processes such as metal melting, forging, and heat treatment.
Harshdeep Hortico Limited IPO:
Overview: Harshdeep Hortico Limited, involved in the cultivation and distribution of horticultural products, launched its IPO in Q1 2024.
Key Dates: The IPO subscription period was from January 29, 2024, to January 31, 2024. The stock commenced trading on the BSE SME exchange on February 05, 2024.
Issue Details: Priced at Rs 45.00 per share, the IPO aimed to raise Rs 19.09 crore, offering a lot size of 3,000 shares.
Investor Response: Investors were attracted to the agriculture and horticulture sector’s growth potential, fueled by the increasing demand for ornamental plants and landscaping services, reflecting evolving consumer preferences and lifestyle choices.
Mayank Cattle Food Limited IPO:
Overview: Mayank Cattle Food Limited, engaged in the manufacturing and distribution of cattle feed and nutritional supplements, conducted its IPO in Q1 2024.
Key Dates: Investors had the opportunity to subscribe to the IPO from January 29, 2024, to January 31, 2024. The stock debuted on the BSE SME exchange on February 05, 2024.
Issue Details: With an issue price of Rs 108.00 per share, the IPO aimed to raise Rs 19.44 crore, offering a lot size of 1,200 shares.
Investor Interest: The IPO attracted investors bullish on the agribusiness sector’s growth potential, driven by increasing demand for animal protein and dairy products, reflecting changing dietary patterns and the growing population’s nutritional needs.
Fonebox Retail Limited IPO:
Overview: Fonebox Retail Limited, operating a chain of retail outlets selling mobile phones and accessories, launched its IPO in Q1 2024.
Key Dates: The IPO subscription window was from January 25, 2024, to January 30, 2024. The stock commenced trading on the NSE SME exchange on February 02, 2024.
Issue Details: Priced at Rs 70.00 per share, the IPO aimed to raise Rs 20.37 crore, offering a lot size of 2,000 shares.
Investor Response: Investors showed optimism about the consumer electronics retail sector’s growth potential, driven by increasing smartphone penetration and digitalization, indicating a rising demand for mobile phones and related products.
DelaPlex Limited IPO:
Overview: DelaPlex Limited, providing software development and IT consulting services, initiated its IPO in Q1 2024.
Key Dates: The IPO subscription period ran from January 25, 2024, to January 30, 2024. The stock debuted on the NSE SME exchange on February 02, 2024.
Issue Details: With an issue price of Rs 192.00 per share, the IPO aimed to raise Rs 46.08 crore, offering a lot size of 600 shares.
Investor Response: Investors expressed bullish sentiments on the IT services sector’s growth potential, driven by the increasing demand for software solutions and digital transformation initiatives across industries, reflecting a growing reliance on technology for business operations and innovation.
Docmode Health Technologies Limited IPO:
Overview: Docmode Health Technologies Limited, operating an online platform connecting healthcare professionals and facilitating medical education, launched its IPO in Q1 2024.
Key Dates: Investors could subscribe to the IPO from January 25, 2024, to January 30, 2024. The stock commenced trading on the NSE SME exchange on February 02, 2024.
Issue Details: Priced at Rs 79.00 per share, the IPO aimed to raise Rs 6.71 crore, offering a lot size of 1,600 shares.
Investor Interest: The IPO attracted investors optimistic about the digital health sector’s growth potential, driven by telemedicine adoption and healthcare digitization trends, indicating an increasing reliance on technology to improve healthcare access and delivery.
Nova AgriTech Limited IPO:
Overview: Nova AgriTech Limited, a manufacturer and distributor of agricultural inputs, including fertilizers, pesticides, and seeds, launched its IPO in January 2024.
Key Dates: The IPO subscription period lasted from January 23, 2024, to January 25, 2024. The stock commenced trading on both the BSE and NSE exchanges on January 31, 2024.
Issue Details: Priced at Rs 41.00 per share, the IPO aimed to raise Rs 143.81 crore, offering a lot size of 365 shares.
Investor Response: The IPO attracted investors bullish on the agriculture sector’s growth potential, driven by an increasing focus on crop yield optimization and sustainable farming practices to meet the rising demand for food.
Brisk Technovision Limited IPO:
Overview: Brisk Technovision Limited, engaged in designing, manufacturing, and distributing LED lighting solutions, initiated its IPO in January 2024.
Key Dates: Investors had the opportunity to subscribe to the IPO from January 23, 2024, to January 25, 2024. The stock debuted on the BSE SME exchange on January 31, 2024.
Issue Details: With an issue price of Rs 156.00 per share, the IPO aimed to raise Rs 12.48 crore, offering a lot size of 800 shares.
Investor Interest: Investors showed optimism about the energy efficiency and sustainability trends driving demand for LED lighting products, reflecting a growing emphasis on eco-friendly lighting solutions.
Addictive Learning Technology Limited IPO:
Overview: Addictive Learning Technology Limited, operating an e-learning platform offering educational content and courses, launched its IPO in January 2024.
Key Dates: The IPO subscription period was from January 19, 2024, to January 24, 2024. The stock commenced trading on the NSE SME exchange on January 30, 2024.
Issue Details: Priced at Rs 140.00 per share, the IPO aimed to raise Rs 60.16 crore, offering a lot size of 1,000 shares.
Investor Response: The IPO attracted investors bullish on the edtech sector’s growth potential, driven by the increasing adoption of online learning platforms and the growing demand for skill development and exam preparation courses.
EPACK Durable Limited IPO:
Overview: EPACK Durable Limited, a manufacturer and supplier of prefabricated building structures and roofing solutions, conducted its IPO in January 2024.
Key Dates: Investors could subscribe to the IPO from January 19, 2024, to January 24, 2024. The stock debuted on both the BSE and NSE exchanges on January 30, 2024.
Issue Details: With an issue price of Rs 230.00 per share, the IPO aimed to raise Rs 640.05 crore, offering a lot size of 65 shares.
Investor Interest: The IPO attracted investors optimistic about the infrastructure development and construction sector’s growth potential, driven by increased investments in industrial and commercial construction projects.
Konstelec Engineers Limited IPO:
Overview: Konstelec Engineers Limited, providing engineering, procurement, and construction (EPC) services for electrical infrastructure projects, initiated its IPO in January 2024.
Key Dates: The IPO subscription window ran from January 19, 2024, to January 24, 2024. The stock debuted on the NSE SME exchange on January 30, 2024.
Issue Details: Priced at Rs 70.00 per share, the IPO aimed to raise Rs 28.70 crore, offering a lot size of 2,000 shares.
Investor Response: Investors expressed bullish sentiments on the power sector’s growth potential, driven by investments in infrastructure and renewable energy projects, reflecting a shift towards cleaner and more sustainable energy sources.
Euphoria Infotech India Limited IPO:
Overview: Euphoria Infotech India Limited, offering IT consulting, software development, and digital marketing services, launched its IPO in January 2024.
Key Dates: The IPO subscription period ran from January 19, 2024, to January 24, 2024. Trading of the stock commenced on the BSE SME exchange on January 30, 2024.
Issue Details: Priced at Rs 100.00 per share, the IPO aimed to raise Rs 9.60 crore, offering a lot size of 1,200 shares.
Investor Interest: Investors were optimistic about the growth potential of the IT services sector, driven by increasing demand for digital solutions and technology innovation, reflecting the ongoing digital transformation across industries.
Qualitek Labs Limited IPO:
Overview: Qualitek Labs Limited, specializing in the testing and certification of pharmaceuticals, food products, and environmental samples, initiated its IPO in January 2024.
Key Dates: Investors had the opportunity to subscribe to the IPO from January 18, 2024, to January 23, 2024. The stock debuted on the BSE SME exchange on January 29, 2024.
Issue Details: With an issue price of Rs 100.00 per share, the IPO aimed to raise Rs 19.64 crore, offering a lot size of 1,200 shares.
Investor Response: The IPO attracted investors bullish on the quality assurance and compliance services sector, driven by increasing regulatory requirements and consumer safety concerns, indicating a growing emphasis on product quality and safety standards.
Medi Assist Healthcare Services Limited IPO:
Overview: Medi Assist Healthcare Services Limited, a third-party administrator (TPA) offering healthcare insurance claim processing and managed care services, conducted its IPO in January 2024.
Key Dates: The IPO subscription window was from January 15, 2024, to January 17, 2024. Trading of the stock commenced on both the BSE and NSE exchanges on January 23, 2024.
Issue Details: Priced at Rs 418.00 per share, the IPO aimed to raise Rs 1171.58 crore, offering a lot size of 35 shares.
Investor Interest: Investors expressed optimism about the growth potential of the healthcare insurance sector, driven by increasing healthcare expenditures and insurance penetration, highlighting the rising demand for healthcare services and insurance coverage.
Maxposure Limited IPO:
Overview: Maxposure Limited, a media company engaged in publishing lifestyle and travel magazines, custom publishing, and content marketing services, launched its IPO in January 2024.
Key Dates: Investors could subscribe to the IPO from January 15, 2024, to January 17, 2024. The stock debuted on the NSE SME exchange on January 23, 2024.
Issue Details: With an issue price of Rs 33.00 per share, the IPO aimed to raise Rs 20.26 crore, offering a lot size of 4,000 shares.
Investor Response: The IPO attracted investors optimistic about the media and publishing sector’s growth potential, driven by increasing advertising spending and content consumption, reflecting the evolving media landscape and consumer preferences.
Shree Marutinandan Tubes Limited IPO:
Overview: Shree Marutinandan Tubes Limited, manufacturing and distributing steel tubes and pipes for industrial and construction applications, initiated its IPO in January 2024.
Key Dates: The IPO subscription period lasted from January 12, 2024, to January 16, 2024. Trading of the stock commenced on the BSE SME exchange on January 19, 2024.
Issue Details: Priced at Rs 143.00 per share, the IPO aimed to raise Rs 14.30 crore, offering a lot size of 1,000 shares.
Investor Interest: Investors showed optimism about the infrastructure and manufacturing sector’s growth potential, driven by government initiatives and industrial development, reflecting confidence in the country’s economic growth prospects and infrastructure expansion plans.
New Swan Multitech Limited IPO:
Overview: New Swan Multitech Limited manufactures and distributes electrical wires and cables for residential, commercial, and industrial applications. The company launched its IPO in January 2024.
Key Dates: The IPO subscription period was from January 11, 2024, to January 15, 2024. Trading of the stock commenced on the BSE SME exchange on January 18, 2024.
Issue Details: Priced at Rs 66.00 per share, the IPO aimed to raise Rs 33.11 crore, offering a lot size of 2,000 shares.
Investor Interest: The IPO attracted investors bullish on the infrastructure and construction sector’s growth potential, driven by increasing urbanization and infrastructure development projects, indicating confidence in the country’s economic expansion and demand for essential construction materials.
Australian Premium Solar (India) Limited IPO:
Overview: Australian Premium Solar (India) Limited specializes in the design, installation, and maintenance of solar power systems for residential, commercial, and industrial clients. The company conducted its IPO in January 2024.
Key Dates: Investors could subscribe to the IPO from January 11, 2024, to January 15, 2024. The stock commenced trading on the NSE SME exchange on January 18, 2024.
Issue Details: With an issue price of Rs 54.00 per share, the IPO aimed to raise Rs 28.08 crore, offering a lot size of 2,000 shares.
Investor Response: The IPO attracted investors optimistic about the renewable energy sector’s growth potential, driven by government incentives and increasing environmental awareness, reflecting the shift towards sustainable energy solutions and the adoption of solar power.
Jyoti CNC Automation Limited IPO:
Overview: Jyoti CNC Automation Limited manufactures computer numerical control (CNC) machines, including machining centers and turning centers. The company initiated its IPO in January 2024.
Key Dates: The IPO subscription period lasted from January 09, 2024, to January 11, 2024. Trading of the stock began on both the BSE and NSE exchanges on January 16, 2024.
Issue Details: Priced at Rs 331.00 per share, the IPO aimed to raise Rs 1000.00 crore, offering a lot size of 45 shares.
Investor Interest: Investors showed optimism about the manufacturing and automation sector’s growth potential, driven by technological advancements and industrial automation trends, indicating confidence in the company’s innovative solutions and market positioning.
IBL Finance Limited IPO:
Overview: IBL Finance Limited offers financial services, including microfinance, consumer loans, and SME lending. The company launched its IPO in January 2024.
Key Dates: Investors had the opportunity to subscribe to the IPO from January 09, 2024, to January 11, 2024. Trading of the stock commenced on the NSE SME exchange on January 16, 2024.
Issue Details: With an issue price of Rs 51.00 per share, the IPO aimed to raise Rs 33.41 crore, offering a lot size of 2,000 shares.
Investor Response: The IPO attracted investors bullish on the financial inclusion and lending sector’s growth potential, driven by increasing demand for credit and financial services among unbanked and underbanked individuals, reflecting the company’s focus on serving underserved market segments.
The Indian Initial Public Offering (IPO) market has witnessed a significant surge in activity across various sectors, reflecting the robust growth prospects and investor confidence in the country’s economy. This report has provided an in-depth analysis of 85 IPOs launched during the period from January 2024 to April 2024, covering a diverse range of industries, including technology, healthcare, manufacturing, finance, and renewable energy.
Throughout this period, companies from different sectors tapped into the IPO market to raise capital for expansion, innovation, and strategic initiatives. The IPOs showcased in this report have collectively raised billions of rupees, indicating strong investor interest and appetite for quality investment opportunities in India.
One of the notable trends observed during this period is the dominance of sectors such as technology, healthcare, and renewable energy. Companies operating in these sectors have attracted significant investor attention due to their potential for innovation, growth, and disruption. The surge in IPOs from technology firms underscores the increasing role of digital transformation in India’s economic landscape, with companies offering IT solutions, e-commerce platforms, and digital services capturing substantial market interest.
Furthermore, the healthcare sector has emerged as a key driver of IPO activity, with companies specializing in pharmaceuticals, healthcare services, and medical technology attracting substantial investments. The COVID-19 pandemic has accelerated digital adoption in healthcare, leading to increased demand for telemedicine, digital health platforms, and medical equipment, thereby fueling investor optimism in the sector’s growth prospects.
Moreover, the renewable energy sector has witnessed a surge in IPO activity, reflecting the growing emphasis on sustainability and environmental responsibility. Companies engaged in solar power generation, wind energy, and clean technology have capitalized on the favorable regulatory environment and government incentives to attract capital for expanding renewable energy infrastructure and reducing carbon emissions.
Another notable trend is the participation of small and medium-sized enterprises (SMEs) in the IPO market, facilitated by dedicated SME exchanges such as the BSE SME and NSE SME platforms. These exchanges have provided a platform for smaller companies to access capital markets and fuel their growth ambitions. The IPOs of SMEs encompass a wide range of sectors, including manufacturing, retail, and services, highlighting the entrepreneurial spirit and innovation driving India’s SME ecosystem.
Furthermore, the successful completion of IPOs by companies across different sectors underscores the resilience of India’s capital markets amid global economic uncertainties. Despite challenges posed by geopolitical tensions, inflationary pressures, and supply chain disruptions, investors have continued to demonstrate confidence in India’s long-term growth prospects, driving robust demand for IPOs.
In conclusion, the IPO market in India remains dynamic and vibrant, with companies from diverse sectors accessing capital markets to fund growth initiatives and unlock value for shareholders. The surge in IPO activity reflects the underlying strength of India’s economy, supported by favorable demographics, technological innovation, and policy reforms aimed at promoting ease of doing business.
Looking ahead, the IPO pipeline remains strong, with several companies preparing to tap into capital markets to fund expansion plans and capitalize on emerging opportunities. As India continues its journey towards becoming a $5 trillion economy, the IPO market is expected to play a crucial role in channeling investments into sectors critical for driving sustainable and inclusive growth.
However, investors should exercise caution and conduct thorough due diligence before investing in any IPO, considering factors such as the company’s fundamentals, industry dynamics, and market conditions. While IPOs offer opportunities for wealth creation, they also carry inherent risks, and prudent investment decisions are essential to mitigate potential downsides.
Overall, the Indian IPO market presents a compelling avenue for investors seeking exposure to dynamic growth sectors and promising companies at various stages of their growth journey. With continued regulatory reforms, technological innovation, and investor confidence, the IPO market is poised to remain a key driver of India’s economic transformation in the years to come.
