Global Surfaces, 4 other IPOs to watch out for this week
- Global Surfaces, Labelkraft Technologies, Bright Outdoor Media and others are IPOs for next week.
The year 2023 so far has been a bit muted when it comes to initial public offerings. In fact, there have been only 2 BSE Main board IPOs so far this year. Most of the offerings launched this year so far have been in the SME IPO category. The coming week would see five companies launching their IPOs.
Global Surfaces IPO
The initial public issue (IPO) of Global Surfaces is set to open on 13 March, 2023. The offer would close on 15 March, 2023 . The company has fixed price band of the IPO at ₹133 to ₹140 per share. The company aims to raise ₹154.98 crore from its public offer.
A bidder will be able to apply in lots and one lot of the issue comprises 100 company shares. The public issue is proposed for listing on BSE and NSE.
Labelkraft Technologies IPO
The initial public issue (IPO) of Labelkraft Technologies is also set to open on 13 March, 2023. The offer would close on 15 March, 2023 . The company has fixed the price band for the 8.64 lakh shares on offer at ₹55 per share to mobilize ₹4.75 crore.
The minimum application is to be made for 2000 shares and in multiples thereon. The shares will be listed on BSE SME.
The company is engaged in the business of providing barcode code solutions, catering to many different segments of industries. Hem Securities is the lead manager to the issue, while Bigshare Services is the registrar.
Quality Foils IPO
The initial public issue (IPO) of Quality Foils (India), is also set to open on 13 March, 2023. The offer would close on 16 March, 2023 . The company has fixed the price band for the 7.54 lakh shares on offer at ₹60 per share to mobilize ₹4.52 crore.
The minimum application is to be made for 2,000 shares and in multiples of 2,000. The shares will be listed on NSE SME Emerge.
The company is engaged in manufacturing and is an exporter of cold rolled stainless steel strips or coils and stainless steel flexible pipes. Khambatta Securities is the sole lead manager and the market maker and Bigshare Services is the registrar of the issue.
Bright Outdoor Media Ltd
The initial public issue (IPO) of Bright Outdoor Media is set to open on 14 March, 2023. The offer would close on 17 March, 2023 . The company has fixed the price band for the 38 lakh equity shares of ₹10 each at price of ₹146 per share to mobilize ₹55.48 crore.
The minimum application is to be made for 1000 shares and in multiples thereon, thereafter. The shares will be listed on BSE SME.
The company is engaged in the business of providing advertising services offering advertising media services. Shreni Shares is the sole lead manager and the market maker, and Bigshare Services is the registrar of the issue.
Nirman Agri Genetics IPO
The initial public issue (IPO) of Nirman Agri Genetics is set to open on 15 March, 2023. The offer would close on 20 March, 2023 . The company has fixed the price band for the 20,50,800 equity shares equity shares of ₹10 each at price of ₹99 per share to mobilize ₹20.30 crore.
The minimum application is to be made for 1200 shares and in multiples thereon, thereafter. The shares will be listed on NSE SME Emerge.
The company is engaged in the business of of production, processing and marketing of high-quality hybrid seeds, pesticides and others. First Overseas Capital Ltd is the sole lead manager and Bigshare Services Pvt Ltd is the registrar of the issue.
Currently, VELS Films International Ltd IPO began on March 10 and will conclude on March 14, 2023. The company has fixed the price band for the 3,408,000 equity shares equity shares of ₹10 each at price of ₹99 per share to mobilize ₹33.74 crore.
While, Sudarshan Pharma Industries Private Limited IPO began on March 9, 2023 and will conclude on March 14, 2023. The company has fixed the price band for the 6,862,400 equity shares equity shares of ₹10 each at price of ₹71–73 per share to mobilize ₹50.10 crore.
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