IPO Calendar: New Issues and Listings to Watch This Week
The primary market is buzzing with activity this week, featuring two new Initial Public Offerings (IPOs) and a substantial number of listings. Investors have a lot to keep an eye on, particularly within the SME segment. Let's delve into the details of the upcoming IPOs and listings.
New IPOs Opening This Week
This week will see the launch of two new IPOs, both within the SME sector:
HP Telecom India IPO
- Opening Date: February 20
- Price Band: Rs 108 per share
- Issue Type: Fresh Equity Sale of 34.23 crore shares
- Listing Platform: NSE SME
HP Telecom operates as a distributor of Apple products across key regions in India. They offer a range of Apple devices including iPhones, iPads, Macs, and Apple Watches. They also distribute select other brands to broaden their customer base. Interactive Financial Services is managing the IPO, with Bigshare Services as the registrar.
Beezaasan Explotech IPO
- Issue Size: Rs 60 crore
- Price Band: Rs 165-175 per share
- Issue Type: Fresh Equity Sale of 34.24 lakh shares
- Minimum Lot Size: 800 shares
Beezaasan Explotech manufactures and supplies explosives and explosive accessories. The proceeds from the IPO will be used for capital expenditure, including civil construction for expanding their manufacturing unit, purchasing plant and machinery, repaying debt, and for general corporate purposes. Their products are used in the cement, mining, and defense industries.
Listings to Watch This Week
In addition to the new IPOs, the market will witness ten listings, including Quality Power, Ajax Engineering, and Hexaware Technologies in the mainboard segment. Investors should pay close attention to these listings as they debut on the stock market.
Check Latest IPO this week in our main page.
Disclaimer: The views and investment tips expressed in this article are for informational purposes only and do not represent financial advice. The views expressed are those of the sources cited and not necessarily those of this website or its management. Investing in equities or other financial instruments carries the risk of financial loss. Readers must exercise due caution and conduct their own research before making any investment decisions. We are not liable for any losses incurred as a result of decisions made based on this article. Please consult a qualified financial advisor before making any investment.
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