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The week commencing May 27 will see limited activity in the mainboard segment with no new public issues scheduled. However, the SME segment will be bustling with five IPOs lined up for launch.
Mainboard segment
Awfis Space Solutions will conclude its Rs 599-crore IPO on May 27. Over the initial three days starting May 22, the issue was oversubscribed 11.4 times, drawing strong interest from diverse investor categories. The workspace solutions provider is set to debut on the bourses on May 30. In the grey market, its IPO shares are trading at a 25-30% premium over the upper price band of Rs 383 per share, according to market observers.
SME segment
The SME segment will be active with a new IPO launching each day next week:
Vilas Transcore IPO
Opening Date: May 27
Issue Size: Rs 95.26 crore
Price Band: Rs 139-147 per share
Closing Date: May 29
The Gujarat-based power distribution and transmission components manufacturer plans to use the proceeds for strategic investments, factory construction, acquiring new machinery, and general corporate purposes.
Beacon Trusteeship IPO
Opening Date: May 28
Issue Size: Rs 32.52 crore
Price Band: Rs 57-60 per share
Closing Date: May 30
The IPO includes a fresh issue of 38.72 lakh shares and an offer-for-sale (OFS) of 15.48 lakh shares. Proceeds will fund technology infrastructure, acquisition of Beacon RTA Services, new office premises, and general corporate purposes.
Ztech India IPO
Opening Date: May 29
Issue Size: Rs 37.30 crore
Price Band: Rs 104-110 per share
Closing Date: May 31
The civil engineering products designer will use the funds for working capital, general corporate purposes, and IPO expenses.
Aimtron Electronics IPO
Opening Date: May 30
Issue Size: Rs 87.02 crore
Price Band: Rs 153-161 per share
Closing Date: June 3
The Gujarat-based ESDM services provider will allocate the proceeds to repay borrowings, install additional machinery, and meet working capital requirements.
TBI Corn IPO
Opening Date: May 31
Issue Size: Rs 44.94 crore
Price Band: Rs 90-94 per share
Closing Date: June 4
The Sangli-based corn meal grits manufacturer will utilize the funds for expanding its existing unit, working capital, and general corporate purposes.
SME listing
GSM Foils will close its Rs 11.01-crore IPO on May 28, after opening on May 24 and receiving a robust response with a subscription rate of 16.63 times on the first day. Trading in its equity shares will commence on NSE Emerge from May 31, marking the only listing from the SME segment next week.