IPO Market Update: 2 New Issues to Open, 2 Listings Scheduled This Week

The Indian primary market is preparing for a steady week starting April 13, with a mix of new public offerings and stock market debuts. According to exchange filings, two new IPOs are scheduled to open for subscription, including one Infrastructure Investment Trust (InvIT) and one SME segment issue. Plus, two ongoing mainboard issues will remain open for bidding, providing further activity in the capital markets. On the listing front, two companies are expected to commence trading on the SME platforms.

New Public Issues: Citius Transnet InvIT and Mehul Telecom

Citius Transnet InvIT is set to launch its public issue on April 17, with the subscription window closing on April 21. The trust aims to raise ₹1340 crore through this offering. While the price band and lot size are yet to be finalized, the allotment is expected to be completed by April 22. The listing is tentatively scheduled for April 24 on both BSE and NSE. Simultaneously, Mehul Telecom will open its IPO on April 17 and close on April 21. The company is expected to list its shares on the BSE SME platform on April 24.

Ongoing Mainboard Issue: Om Power Transmission

06 crore public issue of Om Power Transmission, which opened on April 9, is scheduled to close on April 13. As per the latest subscription data, the issue has been subscribed 71% so far. The company fixed a price band of ₹166-₹175 per share with a minimum lot size of 85 shares. Following the closure of the bidding process, the share allotment is expected to be finalized on April 15, with the listing scheduled for April 17 on the BSE and NSE platforms.

Propshare Celestia REIT Scheme Details

65 crore. The issue opened on April 10 and has recorded a subscription of 47% to date. The price band for this offering is set between ₹10,00,000-₹10,50,000 per share. The subscription window will close on April 16, and the allotment process is likely to be completed by April 17. The shares are expected to be listed on the BSE on April 24.

Upcoming Listings: Emiac Technologies and Safety Controls

In terms of market debuts, two companies are scheduled to list on the BSE SME platform on April 13.22 times, will begin trading. 28 times during its bidding period. Both companies will mark their entry into the secondary market on the same day, concluding their respective initial public offering cycles.