There's going to be a lot happening in the primary market this week with 13 IPOs opening for subscription. In the mainboard segment, SRM Contractors will open from March 26 to March 28. The price band is set at Rs 200-210 per share, and the company aims to raise Rs 130.2 crore through a fresh issue of 62 lakh shares.
In the small and medium enterprises (SME) segment, the IPOs of Trust Fintech, Vruddhi Engineering Works, Blue Pebble, Aspire & Innovative Advertising, and GConnect Logitech and Supply Chain will open on March 26 and will close on March 28.
Also Read: SRM Contractors IPO: 10 things to know before subscribing to Rs 130 crore issue
Meanwhile, Ashish Kacholia-backed Radiowalla Network and Vijay Kedia-backed TAC Infosec will open on March 27 and close on April 2. Through the IPO, the companies aim to raise Rs 14.25 crore and Rs 29.99 crore, respectively.
If successful, TAC Security will be the first pure-play cyber security company to be listed on Indian stock exchanges. The price band for the issue has been fixed at Rs 100-106 per share. After the IPO, founder Trishneet Arora will hold a 54.02 percent stake in the company, followed by Kedia with 10.95 percent and his son Ankit with 3.65 percent. Charanjit Singh and Subinder Jeet Singh Khurana will hold 2.92 percent and 1.46 percent stakes.
Also Read: Bharti Hexacom to float IPO on Apr 3, Telecommunications Consultants to sell 15% stake
Radiowalla, on the other hand, has fixed the price band at Rs 72-76 per share. As of the filing of RHP, Kacholia holds about a 10.6 percent stake in the company.
Apart from that, Yash Optics & Lens, Jay Kailash Namkeen, K2 Infragen, Aluwind Architectural, and Creative Graphics Solutions India will also go public this week.
Also Read: MC Exclusive: India’s first opto-semiconductor maker Polymatech may launch IPO in April
Separately, Vishwas Agri Seeds and Naman In-Store (India) IPOs will close on March 26 and March 27, respectively. There will be two more companies, Chatha Foods and Omfurn India, that will list on exchanges on March 27 and March 28, respectively.
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