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Two IPOs to open for subscription next week. Check details



IPO latest updates: Here’s a look at the IPOs that will open this week.

Two IPOs are set to hit Dalal Street in the upcoming week, aiming to raise more than ₹165 crore collectively. One IPO will debut on the mainboard, while the other will target the SME segment. Additionally, several other IPOs are scheduled to be listed in the market during the same period.

This announcement follows a week in which six IPOs were successfully listed, including Megatherm Induction, Harsheep Hortico, Mayank Cattle Food, Baweja Studios, BLS E-Services, and Gabriel Pet Straps.

Let’s take a closer look at the two IPOs scheduled to open next week:

  1. Vibhor Steel Tubes IPO: Vibhor Steel Tubes will initiate its initial public offering (IPO) subscription from February 13 to February 15. Priced between ₹141 and ₹151 per share, the IPO will involve a fresh equity issue amounting to ₹72 crore.The allocation breakdown allocates 50% of the offering 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 Tubes 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 from the IPO, amounting to ₹72 crore, will be utilized to fulfill working capital requirements and for general corporate purposes.
  2. Wise Travel India Limited IPO: Scheduled for subscription from February 12 to February 14, Wise Travel India’s IPO will offer shares priced between ₹140 and ₹147.The IPO comprises a fresh equity sale of 64.41 lakh shares, aiming to raise approximately ₹95 crore. Share India Capital will act as the book-running lead manager, with Beetal Financial serving as the registrar for this issue.

Additionally, the following IPOs are slated for listing in the markets during the week:

  • 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)
  • Entero Healthcare Solutions (Feb 16)

Stay tuned for further updates on these IPOs as they unfold in the market.

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