This week on the stock market, the primary market segment will see a mix of activity with the closure of the much-anticipated Vodafone Idea FPO and a flurry of IPOs in the SME segment. Investors can look forward to the debut of JNK India, as it launches its Rs 649.5-crore initial public offering (IPO). The SME segment steals the spotlight with three IPOs opening for subscription and four listings making their market debut. Here’s a breakdown of the key happenings:

Main Board

Vodafone Idea FPO (VIL): The follow-on public offer (FPO) by Vodafone Idea, India’s third-largest telecom operator, closes on April 22nd. This is the largest FPO in India’s history, with the company aiming to raise Rs 18,000 crore through a fresh issue of shares. Investors are cautiously optimistic despite VIL’s financial struggles, with the backing of large investors offering some hope.

SME Segment

Unlike the quiet main board, the SME segment is buzzing with activity this week. Four companies are scheduled to list their shares: Faalcon Concepts (April 26th), Green Hi-tech Ventures (April 23rd), Grill Splendour Services (April 23rd), and Ramdev baba Solvent (April 23rd).

New IPOs:

Three new IPOs are opening for subscription this week, offering investors a chance to participate in the growth stories of emerging companies.

JNK India:

A Maharashtra-based company engaged in designing and manufacturing process-fired heaters and related equipment. The IPO opens on April 23rd and closes on April 25th with a price band of Rs 395-415 per share. 

This IPO includes fresh shares worth Rs 300 crore and an offer-for-sale of up to 8.42 million shares. At the upper price band, the issue size is expected to be Rs 650 crore, with a post-issue market capitalization of approximately Rs 2,300 crore.

As of March 31, 2023, JNK India Limited employed 192 permanent employees. The company’s revenue surged by 38.5%, and profit after tax (PAT) rose by 28.84% between the financial years ending March 31, 2023, and March 31, 2022.

Varyaa Creations:

A wholesaler of gold, silver, precious stones, and semi-precious stones. The fixed-price IPO of Rs 20.10 crore opens on April 22nd and closes on April 25th .

With a share price of ₹150 and a minimum lot size of 1000 shares, retail investors can participate with a minimum investment of ₹150,000. High net-worth individuals (HNIs) can invest in 2 lots (2,000 shares) with a minimum investment of ₹300,000.

Shivam Chemicals:

Established in October 2010, Shivam Chemicals Limited specializes in the production of Hydrated Lime (Calcium Hydroxide) and distributes various products, including Poultry feed supplement (MBM), Di-Calcium Phosphate (Feed Grade), Magnesium Oxide, and Limestone Powder. The company’s subsidiary, Shivam Chemicals and Minerals Private Limited, located in Dahej, Gujarat, specializes in producing hydrated lime, with a manufacturing capacity of 60,000 MT.

Shivam Chemicals IPO, set to open for subscription from April 22 to April 25. This IPO, valued at Rs 20.18 crores, offers 45.87 lakh fresh shares at an IPO price of Rs 44 per share.

For retail investors, the minimum lot size is 3000 shares, requiring a minimum investment of ₹132,000. High net-worth individuals (HNIs) can invest in 2 lots (6,000 shares), amounting to ₹264,000.

Emmforce Autotech:

Emmforce Autotech Limited, founded in 2012, specializes in manufacturing and exporting drivetrain parts for niche vehicles, including differential housings, locks, covers, and more. The company’s competitive strengths include engineering excellence, quality assurance, and an experienced management team.

Emmforce Autotech IPO, valued at Rs 53.90 crores, featuring a fresh issue of 55 lakh shares. Subscriptions open on April 23, 2024, and close on April 25, 2024, with allotments expected by April 26, 2024. The IPO is set within a price band of Rs 93 to Rs 98 per share. Retail investors can participate with a minimum of 1200 shares, requiring an investment of ₹117,600, while HNIs can invest in 2 lots (2,400 shares), totaling ₹235,200.

This week presents a mix of abundant opportunities for investors. The closure of the Vodafone Idea FPO and the IPOs in the SME segment offer options for both seasoned and new investors.