Mainboard segment to be quiet next week with no new IPO launch, while all action seen in SME section

IPOs Next Week

The final week of the February is going to be quite period for the mainboard segment as there will be no new IPO launch in the coming holiday-shortened week starting from February 24, while the all action will be seen in the SME section with three IPOs slated for opening along with four listings.

The negative sentiment and ongoing volatility in the secondary markets with weak earnings growth, consistent FII outflow, fear of US tariffs, and pause in Fed funds rate cut may be impacting the mainboard segment, according to experts. They believe more than Rs 1.5 lakh crore worth of IPOs are likely to hit Dalal Street in the current year and the momentum is expected to pick up once the dust gets settled down in the coming weeks.

Nukleus Office Solutions IPO

The first IPO next week will be from the co-working and managed office space provider, which will open for public subscription on February 24. The New Delhi-based company intends to raise Rs 31.7 crore via public issue of 13.54 lakh shares at a price of Rs 234 per share. The offer will close on February 27.

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Shreenath Paper Products IPO

The paper products supplier is set to launch its Rs 23.36-crore initial share sale on February 25 and close on February 28. The IPO comprises of solely fresh issue of 53.1 lakh equity shares and the issue price has been fixed at Rs 44 per share.

Balaji Phosphates IPO

The last IPO of the current month would be Balaji Phosphates, opening on February 28 and closing March 4. The initial public offering of the phosphate fertilisers manufacturer comprises of fresh issue of 59.4 lakh equity shares and an offer-for-sale of 12.18 lakh shares by promoters Alok Gupta and Mr. Mohit Airen. The price band will be announced in the incoming couple of sessions.

IPOs Closing Next Week

Mobile phones & accessories distributer HP Telecom India, and rice bran oil processing company Swasth Foodtech India will close their IPOs next week on February 24. Both have been fully subscribed at 1.24 times, and 4 times, respectively.

Explosives and explosive accessories manufacturer Beezaasan Explotech will close its IPO on February 25, which so far booked 42 percent.

Listings Next Week

Royal Arc Electrodes and Tejas Cargo India will debut on the NSE Emerge effective February 24, while the trading in HP Telecom India, and Swasth Foodtech India will commence on the NSE Emerge and BSE SME, respectively on February 28.

Quality Power Electrical Equipments is the only company from the mainboard segment, scheduled for listing on the bourses effective February 24. Apart from which, the mainboard segment will remain muted next week.