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Upcoming IPOs: One REIT issue next week; more in pipeline — Full list inside
- Written by Shweta Birendra Shukla
Published: Zee Business| Updated: Zee Business
Upcoming IPOs: The week beginning April 6 is expected to be relatively subdued for the primary market, with no traditional mainboard IPO lined up for subscription. That said, action will continue in the broader space, as the SME IPO of Safety Controls & Devices and an InvIT issue from Propshare Celestia are set to open. On the listings front, only one company—electrical panels and automation systems maker Vivid Electromech—is scheduled to debut on the NSE’s SME platform next week. Even as the near-term calendar looks light, the IPO pipeline remains busy for the months ahead. Check the full list here.
1/5
Safety Controls & Devices IPO
1/5Safety Controls & Devices will launch its Rs 48 crore SME IPO from April 6 to April 8, with a price band of Rs 75-80 per share. The issue is entirely a fresh offering of 60 lakh shares, with proceeds to be used for working capital, debt repayment and general corporate purposes. The minimum application is 3,200 shares. The EPC firm specialises in substations, firefighting systems and solar plant construction, and aims to boost visibility through its BSE SME listing.
2/5
Propshare Celestia IPO
2/5Property Share Investment Trust will launch the Rs 244.65 crore IPO of PropShare Celestia from April 10 to 16, with a price band of Rs 10-10.50 lakh per unit. The issue is entirely a fresh offering, with no OFS component. Proceeds will be used to acquire seven floors in Venus Stratum, a Grade A+ commercial building in Ahmedabad. The asset spans 207,838 sq ft and is fully occupied.
3/5
Punjab Carbonic IPO
3/5Punjab Carbonic plans to launch its IPO with 95 lakh equity shares at Rs 10 each, including a fresh issue of 60 lakh shares and an OFS of 35 lakh shares by existing investors. Proceeds will be used to set up two CO2 recovery plants (120 MTPD and 90 MTPD) in Andhra Pradesh, purchase transport tankers, expand ethanol distillery capacity by 35 KLPD via its subsidiary Pancarbo Greenfuels, repay debt and for general corporate purposes. Beeline Capital Advisors is the lead manager, while KFin Technologies is the registrar.
4/5
Sadbhav Futuretech IPO
4/5Sadbhav Futuretech, an EPC player in solar projects, plans to launch an IPO comprising a fresh issue of up to 2.55 crore shares and an OFS worth Rs 235 crore by promoters and other shareholders. Proceeds from the fresh issue will be used for working capital and general corporate purposes. Beeline Capital Advisors is the sole book-running lead manager for the issue.
5/5
Bvishal Oil and Energy IPO
5/5Bvishal Oil and Energy’s IPO includes a fresh issue of 1.8 crore shares and an OFS of 77.09 lakh shares, as per its DRHP. The Gujarat-based company will use proceeds for capex and working capital, including Rs 120.9 crore for machinery and equipment, around Rs 45 crore for working capital and the rest for general corporate purposes. Unistone Capital is the sole book-running lead manager.
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