As per the media reports, Vodafone Idea is looking to raise around Rs 20,000 crore via Follow-on Public Offer (FPO) out of which the company is considering issuance of equity or convertible securities of Rs 2,075 crore on a preferential basis to one or more promoter group entities. The company is expected to infuse capital to finance its 5G rollout and to strengthen its 4G services. What is an FPO? In an Initial Public Offering (IPO), a company offers its shares to the public for the first time. However, when an already listed company offers its shares to the public, the issue is called a Foll ..read more

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Bharti Hexacom Limited is launching its IPO. The IPO opens for subscription on 3rd April and will close on 5th April 2024. What does Bharti Hexacom Limited do? Incorporated in 1995, Bharti Hexacom Limited is a communications solutions provider offering consumer mobile services, fixed-line telephone, and broadband services to customers in the Rajasthan and the Northeast telecommunication circles in India. The company is 70% owned by Bharti Airtel and 30% by the Government of India through Telecommunications Consultants India Limited (TCIL). As of December 31, 2023, the company had its presence ..read more

SRM Contractors Limited is launching its IPO. The IPO opens for subscription on 26th March and will close on 28th March 2024. What does SRM Contractors Limited do? Incorporated in 2008, SRM Contractors Limited is an engineering construction and development company engaged primarily in the construction of roads (including bridges), tunnels, slope stabilization works, and other miscellaneous civil construction activities in the Union Territories of Jammu & Kashmir and Ladakh. The company undertakes construction works as an EPC contractor and on an item-rate basis for infrastructure projects ..read more

Popular Vehicles and Services Limited is launching its IPO. The opens for subscription on 12th March and will close on 14th March 2024. What does Popular Vehicles and Services Limited do? Incorporated in 1983, Popular Vehicles and Services Limited is engaged in the business of diversified automobile dealership services. The company caters to the complete life cycle of vehicle ownership, right from the sale of new vehicles, servicing and repairing vehicles, distributing spare parts and accessories, to facilitating the sale and exchange of pre-owned vehicles, operating driving schools, and facil ..read more

Krystal Integrated Services Limited is launching its IPO. The IPO opens for subscription on March 14, 2024, and will close on 18th March. What does Krystal Integrated Services do? Incorporated in December 2000, the company specializes in facilities management across diverse sectors like healthcare, education, public administration, airports, railways, and retail. Their services include housekeeping, sanitation, landscaping, mechanical, electrical, and plumbing services, waste management, pest control, among others. The company serves numerous hospitals, schools, airports, railway stations, and ..read more

Gopal Snacks Limited is launching its IPO. The opens for subscription on 6th March and will close on 11th March 2024. What does Gopal Snacks Limited do? Established as a partnership firm in 1999 and subsequently incorporated as a company in 2009, Gopal Snacks Limited is an FMCG company in India, offering ethnic snacks, western snacks, and other products in 10 States and two Union Territories. As of September 30, 2023, its portfolio comprised 84 products with 276 SKUs across various categories. The company offers a wide variety of products under the brand ‘Gopal’, including ethnic snacks such a ..read more

JG Chemicals Limited is launching its IPO. The IPO opens for subscription on 5th March and will close on 7th March 2024. What does JG Chemicals Limited do? Founded in 1975, JG Chemicals Limited is engaged in the manufacturing of zinc oxide and is India’s largest zinc oxide manufacturer in terms of production and revenue for zinc oxide manufacturing through the French process, which is the dominant production technology for producing zinc oxide and has been adopted by all the major producers in Americas, Europe, and Asia (Source: CARE Report). Its products cater to a wide spectrum of industrial ..read more

R K Swamy Limited is launching its IPO. The IPO opens for subscription on 4th March and will close on 6th March 2024. What does R K Swamy Limited do? Founded in 1973, R K Swamy Limited is one of India’s leading integrated marketing service groups, offering a single-window solution for creative, media, data analytics, and market research services. The company offers a comprehensive range of services in the following interrelated and complementary business segments: Integrated Marketing Communications Customer Data Analytics and Marketing Technology (Customer Data Analytics and MarTech) Full-Se ..read more

IPOs listed in February 2024 Out of 29 new listings in the secondary market, 23 stocks have given positive returns, while 6 stocks closed the month in red. Serial No. Company Symbol Issue price Listing date CMP Returns 1 GPT Healthcare Limited GPTHEALTH 186 Feb 29 199.2 7.10% 2 Juniper Hotels Limited JUNIPER 360 Feb 28 434.1 20.58% 3 Deem Roll-Tech Limited DEEM 129 Feb 27 189.3 46.74% 4 Zenith Drugs Limited ZENITHDRUG 79 Feb 27 97.15 22.97% 5 Esconet Technologies Limited ESCONET 84 Feb 23 248.05 195.30% 6 Kalahridhaan Trendz Limited KTL 45 Feb 23 44.6 -0.89% 7 Thaai Casti ..read more