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Mainboard and SME segment IPOs set for exciting week starting May 27


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.


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.



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