Upcoming IPOs: Amkay Products, Storage Technologies & Automation, and More IPOs to hit D-Street.
This week, the primary market is poised for activity with the announcement of several public offerings, signaling an active period for investors. Specifically, three initial public offerings (IPOs) are set to debut on Dalal Street, targeting the small and medium enterprises (SMEs) segment. These IPOs present an opportunity for investors to engage with emerging businesses and potentially capitalize on their growth prospects.
Upcoming IPOs:
Issue Details: Book-built issue of Rs 12.61 crore.
Type of Issue: The entirely fresh issue of 22.92 lakh shares.
Price Band: Rs 52 to Rs 55 per share.
Lot Size: The minimum lot size for an application is 2000 shares.
Lead Manager: Hem Securities Limited.
Registrar: Bigshare Services.
Open Date: Tuesday, April 30.
Close Date: Friday, May 3.
Allotment Date: Monday, May 6.
Listing Date: Wednesday, May 8 (BSE SME).
Business Description: Amkay Products, incorporated in 2007, produces and sells healthcare products including medical devices, disposables, and other essential items.
Issue Details: Book-built issue of Rs 29.95 crore.
Type of Issue: The entirely fresh issue of 38.4 lakh shares.
Price Band: Rs 73 to Rs 78 per share.
Lot Size: The minimum lot size for an application is 1600 shares.
Lead Manager: Oneview Corporate Advisors Private Limited.
Registrar: Integrated Registry Management Services Private Limited.
Open Date: Tuesday, April 30.
Close Date: Friday, May 3.
Allotment Date: Monday, May 6.
Listing Date: Wednesday, May 8.
Business Description: Founded in 2010, Storage Technologies and Automation Limited manufactures and installs metal storage racks, automated warehouses, and other storage solutions.
Issue Details: Fixed price issue of Rs 15.00 crore.
Type of Issue: The entirely fresh issue of 25 lakh shares.
Price: Rs 60 per share.
Lot Size: The minimum lot size for an application is 2000 shares.
Lead Manager: Swastika Investment.
Registrar: Bigshare Services.
Open Date: Tuesday, April 30.
Close Date: Friday, May 3.
Basis of Allotment: Monday, May 6.
Listing Date: Wednesday, May 8.
Business Description: Incorporated in 2022, Sai Swami Metals and Alloys trades in a variety of stainless steel products including kitchenware such as Dinner Sets, S.S. Casseroles, S.S. Multi Kadai, S.S. Water Bottles, Stainless Steel Sheets, Stainless Steel Circles, and various utensils.
These IPOs present exciting investment opportunities in diverse sectors, from healthcare products to storage solutions and stainless steel products. Investors keen on exploring emerging companies in the SME segment should mark their calendars for the opening and closing dates of these IPOs and stay tuned for further developments. With the primary market set to witness these new entrants, investors have a chance to diversify their portfolios and potentially capitalize on the growth prospects of these promising ventures.
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