IPOs This Week: 1 big board, 4 SME public issues set to hit Dalal Street
Investors are set to see five new initial public offerings open for registration from January 20. The IPO of the main board of Denta Water and Infra Solutions will enter the market, along with four issues of the SME category—GB Logistics, Rexpro Enterprises, the -CLN Energy, and CapitalNumbers Infotech. Adding to the discussion, Dalal Street is also preparing for up to seven listings, keeping investors informed.
Here’s a look at the IPO activity scheduled for next week.
KING’S IPO:
Denta Water IPO
The only IPO open for bidding on the main board is the Denta Water IPO, which will be available for subscription from January 22, 2025, to January 24, 2025. The offering is expected to be completed on January 27, 2025, with a pending listing. scheduled for January 29, 2025, on both BSE and NSE. The issue price band is set at Rs 279 to Rs 294 per share, with a minimum lot size of 50 shares.
Retail investors will need to make a minimum investment of Rs 14,700, while sNII investors have to invest Rs 2,05,800 for 14 lots (700 shares), and bNII investors have to invest Rs 10,14,300 per lot 69 (3,450 shares). Investors can bid for 50 shares.
SME IPOs:
CapitalNumbers Infotech IPO
CapitalNumbers Infotech IPO is the first SME IPO that opens next week, from January 20, 2025, and is valued at Rs 169.37 crores. The offer includes a fresh issue of 32.20 lakh shares, amounting to Rs 84.69 crores, and an offer for sale of the same number of shares, amounting to Rs 84.69 crores. The IPO will be open for registration from January 20, 2025, to January 22, 2025, and the allotment is expected to be completed on January 23, 2025. The listing is scheduled for January 27, 2025, on BSE SME.
The IPO price band is set between Rs 250 and Rs 263 per share, with a minimum lot size of 400 shares. Retail investors are required to invest a minimum of Rs 1,05,200, while HNI investors have to apply for 2 lots (800 shares), up to Rs 2,10,400. Investors can bid for 400 shares.
Rating of the company Rexpro Enterprises Limited
Rexpro Enterprises IPO is a fixed price issue valued at Rs 53.65 crores. The offer consists of a fresh issue of 32.50 lakh shares, amounting to Rs 47.13 crores, and an offer for sale of 4.50 lakh shares, amounting to Rs 6.53 crores. The IPO will open its bidding window from January 22, 2025, to January 24, 2025, and the allotment is expected to be completed on January 27, 2025. It will be listed on the NSE SME, with a scheduled listing date of January 29, 2025.
The Rexpro Enterprises IPO price is Rs 145 per share, and the minimum application lot size is 1,000 shares. Retail investors need to invest at least Rs 1,45,000, while HNI investors have to apply for 2 lots (2,000 shares), up to Rs 2,90,000. Investors can bid for 1,000 shares.
Power of CLN IPO
The CLN Energy IPO is a book-build issue consisting of a fresh issue worth Rs 72.3 crore.
The IPO will open its bidding window from January 23, 2025, to January 27, 2025, and the offering is expected to be completed on January 28, 2025.
The stock will be provisionally listed on the BSE SME platform on January 30, 2025.
Under the IPO, participants will be able to bid for CLN Energy shares in a price band of Rs 235-250 in multiples of 600 units.
GB Logistics Commerce Limited IPO
The GB Logistics IPO is offering 24.58 lakh shares, all of which are fresh issue shares. The IPO will be available for subscription from January 24, 2025, to January 28, 2025, and the allotment is expected to close on January 29, 2025. The listing has been postponed to January 31, 2025, on the BSE SME. The price band of the IPO has not been announced yet.
GB Logistics Commerce Limited, established in 2019, is a logistics company. They offer qualified drivers, a fleet of vehicles, and a rental network to provide flexibility, responsiveness, and superior transportation.
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