List of upcoming IPOs which will remain open for subscription next week

IPO

The Indian IPO market is showing no signs of slowing down, with six new public offers scheduled to open next week. Analysts attribute this relentless primary market activity to optimistic investor sentiment, a robust economy, and rare cuts in 2024. Check out the details of six upcoming IPOs.

Exicom Tele Systems IPO

Exicom Tele Systems has announced its IPO, which is set to open for subscription on February 27 and close on February 29. The company aims to raise approximately Rs 429 crore through the offering, and the price band for the IPO is set at Rs 135-142 per share, with the post-issue implied market cap around Rs 1,716 crore.

Platinum Industries IPO

The IPO will open for subscription on February 27 and close on February 29. The Platinum Industries IPO aims to raise Rs 235 crore through a fresh equity sale of 1.37 crore shares and the offering is offered at a price range of Rs 162-171 per share.

Bharat Highways Invit IPO

Bharat Highways Invit is to open on February 28, offering units worth Rs 2,500 crore. The company has priced its IPO in the range of Rs 98-100 per unit.

Owais Metal IPO

Owais Metal IPO will open for subscription on February 26 and closes on February 28, 2024. The IPO priced between Rs 83 and Rs 87 per share, will list on the NSE SME.

Purv Flexipack IPO

The Purv Flexipack IPO, aiming to raise Rs 40.21 crores through a fresh issue of 56.64 lakh shares, opens on February 27, 2024, and closes on February 29, 2024. With a price band of Rs 70 to Rs 71 per share, the IPO requires a minimum investment of Rs 113,600 for retail investors and Rs 227,200 for HNIs.

MVK Agro Food Product IPO

The M.V.K Agro Food IPO, a fixed price issue of Rs 65.88 crores comprising 54.9 lakh shares, opens for subscription on February 29, 2024 and will close on March 4, 2024. Priced at Rs 120 per share, the IPO has a minimum lot size of 1200 shares.