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    IPOs to watch out for this week

    This Week's IPOs to Keep an Eye On: Blue Pebble, SRM Contractors, and more


    Finance Outlook India Team | Monday, 25 March 2024

    The Radiowalla Network, supported by Ashish Kacholia, and TAC Infosec, funded by Vijay Kedia, will open on March 27 and close on April 2. The primary market this week will see nearly 13 IPOs queueing up for subscription. Some of the names include SRM Contractors, Trust Fintech, Blue Pebble, TAC and Vruddhi Engineering Works.

    From mainboard, SRM Contractors opens from March 26 to March 28. The price band has been set at Rs 200-210 a share. The firm plans to raise Rs 130.2 crore via a fresh issue of 62 lakh shares. In the SME segment, Blue Pebble, Aspire & Innovative Advertising, Trust Fintech, Vruddhi Engineering Works, and GConnect Logitech and Supply Chain will open on March 26 and close on March 28

    There are over 13 initial public offerings (IPOs) in queue to subscribe on the main market this week. SRM Contractors, Trust Fintech, Blue Pebble, TAC, and Vruddhi Engineering Works are a few of the names. SRM Contractors is open from March 26 to March 28 from the mainboard. The price range for a share is fixed at Rs 200–210. The company intends to offer an additional 62 lakh shares in order to raise Rs 130.2 crore. The following SME businesses will open and close on March 26 and 28: Blue Pebble, Aspire & Innovative Advertising, Trust Fintech, Vruddhi Engineering Works, and GConnect Logitech and Supply Chain.

    The Radiowalla Network, supported by Ashish Kacholia, and TAC Infosec, funded by Vijay Kedia, will open on March 27 and close on April 2. Bidding for TAC Infosec's IPO will begin on Wednesday, March 27. Subscriptions for the SME edition are accepted until Tuesday, April 2, 2024. The company has set its pricing range between Rs 100 and Rs 106 per share, with lots of 1,200 equity shares and their multiples after that.

    Through its initial public offering (IPO), Radiowalla hopes to raise Rs 14.25 crore on the higher price range. The company's shares will be listed on the NSE Emerge platform. Up to 18,75,200 equity shares at a face value of Rs 10 apiece are being issued.

    This week, keep an eye out for the following names: Creative Graphics Solutions India, Jay Kailash Namkeen, K2 Infragen, Aluwind Architectural, and Yash Optics & Lens. The initial public offerings of Naman In-Store (India) and Vishwas Agri Seeds will end on March 27 and 26, respectively. On March 27 and 28, two other businesses, Chatha Foods and Omfurn India, will list on exchanges.

    The first pure-play cyber security business to debut on an Indian stock market is TAC Security.



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