As the secondary market continues its positive momentum with the Nifty 50 reaching record levels last week, the primary market is poised for significant activity. Six IPOs, collectively valued at over Rs 3,300 crore, are scheduled to debut on Dalal Street, alongside five companies slated for listing on the bourses.
Platinum Industries IPO:
Leading the charge is stabilizers producer Platinum Industries, set to launch its IPO on February 27 and close on February 29, with a price band of Rs 162-171 per share. The company aims to raise Rs 235.32 crore through a fresh issue.
Exicom Tele-Systems IPO:
Electric vehicle charging solutions provider Exicom Tele-Systems will also debut its Rs 429-crore IPO during the same period, with a price range of Rs 135-142 per share. This marks the first IPO from the EV charging segment.
Highways Infrastructure Investment Trust IPO:
Additionally, the infrastructure investment trust, owning a portfolio of seven roads, will commence its IPO on February 28, with a price band of Rs 98-100 per unit, aiming to raise Rs 2,500 crore.
Owais Metal and Mineral Processing IPO:
In the SME segment, metals and minerals production & processing company Owais Metal and Mineral Processing will launch its IPO on February 26, closing on February 28, priced at Rs 83-87 per share.
Purv Flexipack IPO:
Packaging solutions provider Purv Flexipack will enter the market with a Rs 40.2-crore IPO on February 27, closing on February 29, with a price band of Rs 70-71 per share.
MVK Agro Food Product IPO:
Lastly, sugar company MVK Agro Food Product will debut its IPO, valued at Rs 65.88 crore, from February 29 to March 4, with a fixed price of Rs 120 per share.
Listings:
Juniper Hotels, owned by Saraf Hotels and Hyatt Hotels Corporation, is set to debut on February 28, while GPT Healthcare will commence trading from February 29. Juniper Hotels’ IPO was subscribed 2.08 times, while GPT Healthcare’s IPO shares were available at an 8 percent premium over the upper price band.
In the SME segment, Zenith Drugs, Deem Roll Tech, and Sadhav Shipping will make their respective debuts on February 27, February 27, and March 1.
