 "IPOs This Week: Check Details Of Upcoming Public Offerings")
File Photo New Delhi: The primary market's mainboard segment is expected to remain quiet for the second consecutive week, with no new initial public offerings (IPOs) on the horizon. However, the SME segment will witness the debut of 2 new public offerings this week.
On the other hand, telecom giant Vodafone Idea, facing significant debt, is gearing up to launch its Follow-on Public Offering (FPO) worth Rs 18,000 crore next week. The FPO is scheduled to open for subscription on April 18, 2024, and will close on April 22, 2024.
In the small and medium enterprise (SME) sector, two companies, Ramdevbaba Solvent and Grill Splendour Services, are set to launch their IPOs for subscription.
Grill Splendour Services IPO (Birdy's IPO) opens for subscription on April 15, 2024, and closes on April 18, 2024.
The allotment date is not fixed yet. However, if everything goes as per schedule, it is expected to be finalised on April 19, 2024.
The listing is expected on April 23, 2024.
It is a fixed price issue of Rs 16.47 crores.
The public offering will debut on the market with a price of Rs 120 per share.
To apply for shares, you need to buy at least 1200 shares at once.
Retail investors need to invest a minimum of Rs 144,000.
Ramdevbaba Solvent IPO opens for subscription on April 15, 2024, and closes on April 18, 2024.
The SME IPO is a book-built issue of Rs 50.27 crores.
Ramdevbaba Solvent IPO is set to make its debut with a price band of Rs 80 to Rs 85 per share.
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