Exciting Week Ahead as Two IPOs Open for Subscription, Eyes on Dalal Street

Investors brace for another dynamic week on Dalal Street as two Initial Public Offerings (IPOs) gear up for subscription, aiming to raise over ₹165 crore collectively. Following a week that witnessed the listing of six IPOs, the market continues to buzz with new opportunities. Let's delve into the details of the upcoming IPOs and other listings scheduled for the week.

Vibhor Steel Tubes IPO: A Legacy in Steel Production Vibhor Steel Tubes is all set to launch its IPO from February 13 to February 15. Priced between ₹141 and ₹151 per share, the IPO plans to raise ₹72 crore through a fresh equity issue. The allocation structure allocates 50% to qualified institutional buyers, 35% to retail investors, and the remaining 15% to non-institutional investors. With a business legacy spanning over two decades, Vibhor Steel specializes in the production and export of mild steel ERW black and galvanized pipes, hollow steel pipes, and cold-rolled steel (CR) strips. The net proceeds of ₹72 crore from the IPO will be utilized to address working capital needs and general corporate purposes.

Wise Travel India Limited IPO: Unveiling the Journey Ahead Scheduled for subscription from February 12 to February 14, Wise Travel India Limited's IPO is priced between ₹140 and ₹147. The offering includes a fresh equity sale of 64.41 lakh shares, targeting funds of approximately ₹95 crore. Share India Capital leads the IPO as the book-running lead manager, and Beetal Financial serves as the registrar. Investors are eager to explore the growth prospects of Wise Travel India Limited as it steps into the public domain.

Other IPOs for Listing This Week: A Diverse Array of Opportunities Apart from the two IPOs opening for subscription, the market anticipates several listings, including Rashi Peripherals (Feb 14), Jana Small Finance Bank (Feb 14), Capital Small Finance Bank (Feb 14), Rudra Gas Enterprise (Feb 15), Alpex Solar (Feb 15), Polysil Irrigation Systems (Feb 16), and Entero Healthcare Solutions (Feb 16). These diverse offerings provide investors with a range of investment choices across different sectors.

As the financial landscape continues to evolve, investors keenly observe the IPO market for promising opportunities. The upcoming week promises an array of choices for investors to diversify their portfolios and participate in the growth stories of these emerging companies. Eyes are on Dalal Street as the market gears up for another week of exciting developments.