Vibhor Steel Tubes among 4 IPOs set to hit the Street this week. Check details

As the third quarter earnings are about to end, inflows into the primary market are expected to continue as several companies prepare to launch their public offerings this week.

Meanwhile, mainboard IPOs Apeejay Surrendra Park Hotels, Rashi Peripherals, Jana Small Finance Bank, Capital Small Finance Bank, and Entero Healthcare Solutions will debut on the bourses this week.

In the SME segment, Italian Edibles, Alpex Solar, Polysil Irrigation Systems, and Rudra Gas Enterprise will also debut this week.

Vibhor Steel Tubes IPO

The initial public offer (IPO) of Vibhor Steel Tubes will open for subscription on February 13 and close on February 15. The IPO, which is priced at Rs 141-151 per share, is completely a fresh equity issue worth Rs 72 crore.

Vibhor Steel Tubes is a manufacturer and exporter of mild steel ERW black and galvanized pipes, hollow steel pipe, cold rolled steel (CR) strips. The company has been in business for over 2 decades.

Net proceeds from the public offer are proposed to be utilised for funding of working capital requirements and general corporate purposes.In FY23, the company’s revenue from operations increased 36% year-on-year to Rs 1,113 crore and net profit nearly doubled to Rs 21.06 crore. For the six months ended September 2023, revenues stood at Rs 530 crore and profit was at Rs 8.52 crore.

Wise Travel India IPO

The Rs 94.69 crore initial public offering of Wise Travel India will open for subscription on Monday, February 12, and close on February 14, 2024. Wise Travel India IPO’s price band is set in the range of Rs 140 to Rs 147. Investors can bid for a minimum of 1,000 shares. The issue will be listed on NSE SME.

Thaai Casting IPO

The Rs 47.2 crore initial public offering of Thaai Casting will open for subscription on Thursday, February 15, and close on February 19, 2024. Thaai Casting IPO’s price band is set in the range of Rs 73 to Rs 77. Investors can bid for a minimum of 1,600 shares. The issue will be listed on NSE SME.

Thaai Casting is an automotive ancillary company specializing in High-Pressure Die Casting, as well as the precision Machining of both Ferrous and Non-Ferrous materials and Induction heating and quenching.

Kalahridhaan Trendz IPO

The Rs 22.49 crore initial public offering of Kalahridhaan Trendz will open for subscription on Thursday, February 15, and close on February 20, 2024. Kalahridhaan Trendz IPO is priced at Rs 45 per share. Investors can bid for a minimum of 3,000 shares. The issue will be listed on NSE SME.

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