The Week’s Top IPOs 2024: As we bid adieu to the third quarter earnings, the primary market is gearing up for a whirlwind of activity, with four exciting Initial Public Offerings (IPOs) set to hit the street this week. Investors, get ready to dive into the world of Apeejay Surrendra Park Hotels, Rashi Peripherals, Jana Small Finance Bank, Capital Small Finance Bank, Entero Healthcare Solutions, Italian Edibles, Alpex Solar, Polysil Irrigation Systems, Rudra Gas Enterprise, and the spotlight – Vibhor Steel Tubes.
Vibhor Steel Tubes IPO: A Steel Marvel in the Making
The Debutant: Vibhor Steel Tubes
Vibhor Steel Tubes is making waves as it opens its doors for subscription from February 13 to February 15. Priced at an enticing Rs 141-151 per share, this IPO brings a fresh equity issue worth Rs 72 crore to the table.
A Legacy of Quality: Over Two Decades in the Business
With a formidable presence spanning over two decades, Vibhor Steel Tubes stands tall as a manufacturer and exporter of mild steel ERW black and galvanized pipes, hollow steel pipe, cold-rolled steel (CR) strips.
Financial Growth Snapshot
In FY23, Vibhor Steel Tubes reported a remarkable 36% YoY increase in revenue, reaching an impressive Rs 1,113 crore. The net profit nearly doubled, soaring to Rs 21.06 crore. The momentum continued in the first half of FY24, with revenues standing at Rs 530 crore and a profit of Rs 8.52 crore.
Wise Travel India IPO: A Journey to Investment Success
Exploring Wise Travel India
Launching on February 12 and closing on February 14, the Wise Travel India IPO, valued at Rs 94.69 crore, is set to make waves in the market. Priced between Rs 140 to Rs 147 per share, investors have the opportunity to bid for a minimum of 1,000 shares.
Navigating the Price Band
Investors are promised an exciting journey by the Wise Travel India IPO, which is listed on the NSE SME. The well calibrated price band is flexible and suitable for a wide spectrum of investors.
Thaai Casting IPO: Shaping the Future of Automotive Ancillaries
Thaai Casting’s Automotive Odyssey
Rolling out on February 15 and closing its doors on February 19, the Thaai Casting IPO, valued at Rs 47.2 crore, is making headlines. Specializing in High-Pressure Die Casting and precision Machining of both Ferrous and Non-Ferrous materials, Thaai Casting adds a unique flavor to the IPO mix.
Casting a Wider Net: Investment Opportunities
Investors eyeing the Thaai Casting IPO have the chance to participate with a bidding range of Rs 73 to Rs 77 per share, with a minimum bid set at 1,600 shares. The NSE SME listing promises a robust market entrance for Thaai Casting, propelling the company into new dimensions of success.
Kalahridhaan Trendz IPO: A Stylish Investment Proposition
Kalahridhaan Trendz Unveiled
Closing the week on a stylish note is the Kalahridhaan Trendz IPO, opening on February 15 and concluding on February 20. Priced at a modest Rs 45 per share, investors can secure their stake with a minimum bid of 3,000 shares. The NSE SME listing sets the stage for a fashionable market debut.
The Final Word
As the curtains rise on this week’s IPO extravaganza, investors are presented with a diverse array of opportunities. Vibhor Steel Tubes, Wise Travel India, Thaai Casting, and Kalahridhaan Trendz – each IPO brings its unique flavor to the market, promising investors a taste of success.