IPO Market Update: Eight New Issues to Open Between February 23-27

The primary segment of the Indian stock market is preparing for a high-activity phase in the final week of February. According to official exchange filings and red herring prospectuses, a total of eight new Initial Public Offerings (IPOs) are scheduled to open for subscription between February 23 and February 27. This includes four companies in the mainboard segment and four on the SME platforms. Plus, four companies are slated to list their shares on the exchanges during this timeframe, marking their formal entry into the secondary market.

Clean Max Enviro Energy Solutions Mainboard Issue

The largest issue of the week is being launched by Clean Max Enviro Energy Solutions. According to the company's filings, it aims to raise ₹3,100 crore through a combination of a fresh issue and an Offer for Sale (OFS). The company has fixed a price band of ₹1,000 to ₹1,053 per share. The subscription period is scheduled from February 23 to February 25. The shares are expected to be listed on both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) on March 2.

Shree Ram Twistex and PNGS Reva Diamond Jewellery

24 crore IPO, which consists entirely of a fresh issue of shares. The price band for this issue has been set at ₹95 to ₹104 per share, with the subscription window open from February 23 to February 25. Simultaneously, PNGS Reva Diamond Jewellery is coming out with a ₹380 crore fresh issue. The company has established a price range of ₹367 to ₹386 per share. The subscription for PNGS Reva will commence on February 24 and conclude on February 26, with a tentative listing date of March 4.

Omnitech Engineering and SME Segment Offerings

Omnitech Engineering is set to raise ₹583 crore through an issue that includes both fresh equity and an OFS component. The price band is fixed at ₹216 to ₹227 per share, and the issue will be open from February 25 to February 27. In the SME segment, four companies are entering the market. 59 crore. These three SME IPOs will be open from February 23 to February 25.25 lakh fresh shares from February 25 to February 27.

Scheduled Stock Market Listings for the Week

In addition to the new subscriptions, the week will witness the listing of four companies. On the mainboard, Gaudium IVF and Women Health is scheduled to list on February 27. In the SME segment, Fractal Industries will debut on February 24, followed by Yashhtej Industries on February 25, and Manilam Industries on February 27. These listings follow the completion of their respective subscription processes earlier in the month, as per the timelines established by market regulators.