7 IPOs Set to Open This Week

The IPO market is currently experiencing significant attraction among all market participants, driven by a substantial increase in the number of companies going public. Businesses from various sectors are choosing to raise capital through initial public offerings, garnering significant attention from investors.

This week, 7 public issues are set to open. The combined fundraising target for these offerings amounts to Rs 1,185.10 crore.

Quick View:

Let’s briefly look at each one individually Starting from the main board.

Popular Vehicles and Services Limited

Popular Vehicles and Services Limited is engaged in the business of automobile dealerships in India. It provides complete services throughout the life cycle of vehicle ownership, including sales of new and pre-owned vehicles, servicing, spare parts distribution, driving schools, and third-party financial and insurance product sales.

The IPO price range is Rs 280 to Rs 295 per share, with a lot size of 50 shares. Popular Vehicles and Services aims to generate Rs 601.55 crore through both fresh issues, and an Offer for Sale with the primary objectives being debt repayment and general corporate purposes.

Krystal Integrated Services Limited

Krystal Integrated Services Limited is a company that provides facilities management services. They offer a wide range of services such as housekeeping, sanitation, landscaping, gardening, mechanical, electrical, and plumbing services, waste management, pest control, façade cleaning, and other services such as production support, warehouse management, and airport management. The company offers staffing, payroll management, private security, manned guarding, and catering services.

The IPO price range is Rs 680 to Rs 715 per share, with a lot size of 20 shares. Krystal Integrated Services aims to generate Rs 300.13 crore through both fresh issues, and an Offer for Sale with the primary objectives being debt repayment, funding capital expenditure, funding working capital requirements, and general corporate purposes.

Signoria Creation Limited

Founded in 2019, Signoria Creation Limited manufactures and sells women’s clothing such as kurtis, pants, tops, co-ord sets, dupattas, and gowns. The company has two manufacturing units, Unit I and Unit II, located in Mansarovar and Sanganer, Jaipur, Rajasthan.

The IPO price range is Rs 61 to Rs 65 per share, with a lot size of 2000 shares. Signoria Creation aims to generate Rs 9.28 crore completely fresh issue with the primary objectives, funding working capital requirements, and general corporate purposes.

Royal Sense Limited

Royal Sense Limited was founded in 2023 and offers medical equipment, surgical instruments, surgical consumables, laboratory equipment, laboratory reagents, medical disposables, and diagnostic kits.

The IPO price range is Rs 68 per share, with a lot size of 2000 shares. Royal Sense aims to generate Rs 9.86 crore completely fresh issue with the primary objectives, funding working capital requirements, and general corporate purposes.

AVP Infracon Limited

AVP Infracon Limited was established in 2009 and is engaged in the construction of road projects based on the Bill of Quantities (BOQ) and Engineering, Procurement, and Construction (EPC). The company was previously known as AVP Constructions Private Limited.

The IPO price range is Rs 71 to Rs 75 per share, with a lot size of 52.34 shares. AVP Infracon aims to generate Rs 52.34 crore for completely fresh issues with the primary objectives of purchasing capital equipment, funding working capital requirements, and general corporate purposes.

KP Green Engineering Limited

KP Green Engineering Limited is engaged in the manufacturing of fabricated and hot-dip galvanized steel products. The company’s product portfolio includes lattice tower structures, substation structures, solar module mounting structures, cable trays, earthing strips, and beam crash barriers.

The IPO price range is Rs 137 to Rs 144 per share, with a lot size of 1000 shares. KP Green Engineering aims to generate Rs 189.50 crore completely fresh issue with the primary objectives of financing the capital expenditure towards setting up a new manufacturing unit, and general corporate purposes.

Enfuse Solutions Limited

Enfuse Solutions Limited provides integrated digital solutions in data management & analytics, e-commerce & digital services, machine learning & artificial intelligence, and edtech & technology solutions.

The IPO price range is Rs 91 to Rs 96 per share, with a lot size of 1200 shares. Enfuse Solutions aims to generate Rs 22.44 crore for completely fresh issues with the primary objectives being debt repayment, funding working capital requirements, and general corporate purposes.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.