Investors are set to witness four new initial public offerings opening for subscription starting January 20. The mainboard IPO of Denta Water and Infra Solutions will hit the market, alongside three SME segment issues—GB Logistics, Rexpro Enterprises, and CapitalNumbers Infotech. Adding to the buzz, Dalal Street is also gearing up for seven listings, keeping investors on their toes.
Here’s a look at IPO activity lined up for the coming week.
Mainboard IPO opening:
Denta Water IPO
The only IPO opening for bidding on the mainboard is the Denta Water IPO, which will be available for subscription from January 22, 2025, to January 24, 2025. The allotment is expected to be finalised on January 27, 2025, with the listing tentatively scheduled for January 29, 2025, on both BSE and NSE. The price band for the issue is set at Rs 279 to Rs 294 per share, with a minimum lot size of 50 shares.
Retail investors will need to make a minimum investment of Rs 14,700, while sNII investors must invest Rs 2,05,800 for 14 lots (700 shares), and bNII investors should invest Rs 10,14,300 for 69 lots (3,450 shares). Investors can bid in multiples of 50 shares.
SMEs opening next week:
CapitalNumbers Infotech IPO
The CapitalNumbers Infotech IPO is the first SME IPO opening next week, starting on January 20, 2025, and is valued at Rs 169.37 crores. The offer includes a fresh issue of 32.20 lakh shares, amounting to Rs 84.69 crores, and an offer for sale of the same number of shares, also totaling Rs 84.69 crores. The IPO will be open for subscription from January 20, 2025, to January 22, 2025, with the allotment expected to be finalised on January 23, 2025. The listing is scheduled for January 27, 2025, on the BSE SME.
The price band for the IPO is set between Rs 250 and Rs 263 per share, with a minimum lot size of 400 shares. Retail investors are required to invest a minimum of Rs 1,05,200, while HNI investors must apply for 2 lots (800 shares), amounting to Rs 2,10,400. Investors can bid in multiples of 400 shares.
Rexpro Enterprises Limited IPO
The Rexpro Enterprises IPO is a fixed-price issue worth Rs 53.65 crores. The offer consists of a fresh issue of 32.50 lakh shares, amounting to Rs 47.13 crores, and an offer for sale of 4.50 lakh shares, totaling Rs 6.53 crores. The IPO will be open its bidding window from January 22, 2025, to January 24, 2025, with the allotment expected to be finalised on January 27, 2025. It will list on NSE SME, with the tentative listing date set for January 29, 2025.
The price for the Rexpro Enterprises IPO is Rs 145 per share, and the minimum lot size for an application is 1,000 shares. Retail investors need to invest at least Rs 1,45,000, while HNI investors must apply for 2 lots (2,000 shares), amounting to Rs 2,90,000. Investors can bid in multiples of 1,000 shares.
GB Logistics Commerce Limited IPO
GB Logistics IPO is offering 24.58 lakh shares, all of which are fresh issue shares. The IPO will be available for subscription from January 24, 2025, to January 28, 2025, with allotment expected to be finalised by January 29, 2025. The listing is tentatively set for January 31, 2025, on the BSE SME. The price band for the IPO has not been announced yet.
GB Logistics Commerce Limited, established in 2019, is a logistics company. They offer qualified drivers, a fleet of vehicles, and a charter network to provide flexibility, responsiveness, and high-capacity transportation.
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