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IPO This Week : There will not be much heat in the primary margin next week. Because there has been no new IPO in the mainboard segment for the second consecutive week. But a debt-ridden telecom company may launch its Rs 18,000 crore FPO next week. So two IPOs are going to be launched in the SME segment. This is the IPO of Ramdev Baba Solvent and Gris Splendor Services. Apart from these two IPOs, shares of Tirtha Gopicon and GDC Cables & Wires are scheduled to be listed on the stock exchanges in the new week.
Ramdevbaba Solvent IPO
Ramdevbaba Solvent's SME IPO will open for subscription on April 15 and close on April 18. The company plans to raise Rs 50.2 crore through an IPO and list the shares on the NSE SME platform. This IPO is a fresh issue of 59.13 lakh shares. The price range is Rs 80-85 per share. About 50 percent of the IPO is reserved for eligible institutional investors, 35 percent for retail investors and the remaining 15 percent for non-institutional investors. Ramdev Baba Solvent is in the business of manufacturing, distribution, marketing and selling of physically refined rice oil. The company manufactures rice bran oil and sells it to other companies including FMCG companies. While BigShare Services is the registrar to the issue. Listing of the shares on stock exchanges is expected to take place on April 23. In the gray market, the company's shares are trading at a premium of Rs 21 against the issue price of Rs 85. In this way this share can be listed on the stock exchange at Rs 106.
Grill Splendor Services IPO (Grill Splendor Services IPO)
Grill Splendor Services' IPO of Rs 16.5 crore will also start from April 15. The issue, which is a fresh issue of a total of 13.72 lakh shares, will close on April 18. The company has fixed a price band of Rs 120 per share, where investors can bid for 1200 shares. About 50 percent of the IPO is reserved for retail investors and the remaining 50 percent for other investors. Grill Splendor Services is a chain of gourmet bakery and pastry chains spread across Mumbai through 17 retail stores, a centralized manufacturing facility and several corporate clients. Of these 17 retail stores, 5 are running under the franchise model (company owned and operated franchisees) and the remaining 12 stores are company owned. Venture Merchant Banker Services is acting as the sole book-running lead manager for the IPO and BigFisher Services is the registrar. The company's shares are trading at a premium of Rs 8 against the issue price of Rs 120. In this way, the company's shares can be listed at Rs 128 with a premium of 6.67 percent.