Upcoming IPOs This Week: SRM Contractors, Trust Fintech, Aspire & Innovative, 5 other firms to launch public offers

IPOs This Week:  A bunch of public offers are scheduled to hit Dalal Street during a holiday-shortened week starting March 26.

As many as eight companies will roll out their initial public offerings (IPO) during the course of the week, including one from the mainboard category.

IPOs during the holiday-truncated week on Dalal Street (from March 26 to March 28)

Mainboard IPO

1. SRM Contractors IPO

Construction company SRM Contractors' IPO, to raise an estimated Rs 130 crore, is the only mainboard public offer scheduled to open during the week.

The issue comprises fresh issuance of 62 lakh shares.

SRM Contractors IPO price band, SRM Contractors IPO lot size 

Under the SRM Contractors IPO, shares will be available for bidding in a price band of Rs 200-210 apiece, in multiples of 70 units. That translates into Rs 14,700 per lot.

SRM Contractors IPO Open Date: Tuesday, March 26, 2024

SRM Contractors IPO Close Date: Thursday, March 28, 2024

SRM Contractors Allotment Date: Monday, April 1, 2024 (tentative)

SRM Contractors Listing Date: Wednesday, April 3, 2024 (tentative)

What does SRM Contractors do?

Established in 2008, SRM Contractors is a construction and development company primarily engaged in a host of construction activities involving roads, bridges, tunnels, and slope stabilisation in Jammu and Kashmir, and Ladakh.

The company operates as an EPC contractor and on a unit-price basis for infrastructure projects, and subcontracts infrastructure construction projects.

2. Vruddhi Engineering Works IPO

Vruddhi Engineering Works IPO is a book built issue estimated to be worth Rs 4.76 crore. The IPO comprises fresh issuance of 6.8 lakh shares.

Vruddhi Engineering Works IPO price band, Vruddhi Engineering Works IPO lot size 

Under the Vruddhi Engineering Works IPO, potential investors will be able to bid for shares in a range of Rs 66-70 apiece, in multiples of 2,000 units. That translates into Rs 1,40,000 per lot.

Vruddhi Engineering Works IPO Open Date: Tuesday, March 26, 2024

Vruddhi Engineering Works IPO Close Date: Thursday, March 28, 2024

Vruddhi Engineering Works Allotment Date: Monday, April 1, 2024 (tentative)

Vruddhi Engineering Works Listing Date: Wednesday, April 3, 2024 (tentative)

What does Vruddhi Engineering Works do?

Established in 2020, Vruddhi Steel provides mechanical splicing solutions to the real estate, construction and infrastructure industries through the development, design and supply of reinforcement couplers.

3. Aluwind Architectural IPO

The Aluwind Architectural IPO, estimated to be worth Rs 29.7 crore, will comprises fresh issuance of 66 lakh shares.

Aluwind Architectural IPO price band, Aluwind Architectural IPO lot size

Aluwind Architectural has set a price of Rs 45 per share for the IPO. The minimum size of the application is 3,000 shares, which translates into Rs 1,35,000 per lot.

Aluwind Architectural IPO Open Date: Thursday, March 28, 2024

Aluwind Architectural IPO Close Date: Thursday, April 4, 2024

Aluwind Architectural Allotment Date: Friday, April 5, 2024 (tentative)

Aluwind Architectural Listing Date: Tuesday, April 9, 2024 (tentative)

What does Aluwind Architectural do?

Incorporated in April 2003, Aluwind Architectural manufactures and installs a diverse range of aluminium products, such as windows, doors, curtain walls, cladding, and glazing systems.

4. Yash Optics & Lens IPO

The Yash Optics & Lens IPO is a book built issue estimated to be worth Rs 53 crore. The issue comprises fresh issuance of 65.6 lakh shares.

Yash Optics & Lens IPO price band, Yash Optics & Lens IPO lot size

Yash Optics & Lens IPO price band: Rs 75-81 per share

Yash Optics & Lens IPO lot size: 1,600 shares (Rs 1,29,600 per lot) 

Yash Optics & Lens IPO Open Date: Wednesday, March 27, 2024

Yash Optics & Lens IPO Close Date: Wednesday, April 3, 2024

Yash Optics & Lens Allotment Date: Thursday, April 4, 2024 (tentative)

Yash Optics & Lens Listing Date: Monday, April 8, 2024 (tentative)

Founded in 2010, Yash Optics & Lens offers a wide range of vision correction solutions.

What does Yash Optics & Lens IPO do?

The company is engaged in the manufacture, trading, distribution, and supply of spectacle lenses/optical lenses. The company offers single-vision lenses to advanced progressive lenses, customized progressive lenses to personalized progressive lenses for professionals as well as a wide range of coatings.

5. TAC Infosec IPO

TAC Infosec, a global leader in risk and vulnerability management has fixed a price band of Rs 100-106 per share for its initial public offering (IPO). 

TAC Infosec IPO lot size: 1,200 shares (Rs 1,27,200 per lot)

TAC Infosec IPO Open Date: Wednesday, March 27, 2024

TAC Infosec IPO Close Date: Tuesday, April 2, 2024

TAC Infosec Allotment Date: Wednesday, April 3, 2024 (tentative)

TAC Infosec Listing Date: Friday, April 5, 2024 (tentative)

What does TAC Infosec do?

TAC Security offers risk-based vulnerability management and assessment solutions, cybersecurity quantification, and penetration testing to organisations through the SaaS model.

6. Blue Pebble IPO

Blue Pebble IPO is a book built issue, estimated to be worth Rs 18.14 crore, comprising fresh issue of 10.8 lakh shares.

Blue Pebble IPO price band

The Blue Pebble IPO will be available for bidding in a price band of Rs 159-168 per share.

Blue Pebble IPO lot size: 800 shares (Rs 1,34,400 per lot) 

Blue Pebble IPO Open Date: Tuesday, March 26, 2024

Blue Pebble IPO Close Date: Thursday, March 28, 2024

Blue Pebble Allotment Date: Monday, April 1, 2024 (tentative)

Blue Pebble Listing Date: Wednesday, April 3, 2024 (tentative)

What does Blue Pebble do?

Founded in 2017, Blue Pebble provides interior design and environmental branding solutions. 

7. Aspire & Innovative IPO

Aspire & Innovative IPO is a book built issue estimated to be worth Rs 22 crore. The issue comprises fresh issuance of 40.7 lakh shares.

Aspire & Innovative IPO price band: Rs 51-54 per share

Aspire & Innovative IPO lot size: 2,000 shares (Rs 1,08,000 per lot) 

Aspire & Innovative IPO Open Date: Tuesday, March 26, 2024

Aspire & Innovative IPO Close Date: Thursday, March 28, 2024

Aspire & Innovative Allotment Date: Monday, April 1, 2024 (tentative)

Aspire & Innovative Listing Date: Wednesday, April 3, 2024 (tentative)

What does Aspire & Innovative do?

Founded in 2017, Aspire & Innovative Advertising deals in a host of products such as consumer durables, including kitchen appliances, home appliances, white goods, mobile phones and accessories. 

8. Trust Fintech IPO

The Trust Fintech IPO is a book built issue estimated to be worth Rs 63.5 crore. The IPO comprises fresh issuance of 62.8 lakh shares.

Trust Fintech IPO price band: Rs 95-101 per share

Trust Fintech IPO lot size: 1,200 shares (Rs 1,21,200 per lot)

Trust Fintech IPO Open Date: Tuesday, March 26, 2024

Trust Fintech IPO Close Date: Thursday, March 28, 2024

Trust Fintech Allotment Date: Tuesday, April 2, 2024 (tentative)

Trust Fintech Listing Date: Thursday, April 4, 2024 (tentative)

What does Trust Fintech do?

Incorporated in 1998, Trust Fintech  is a software development company that specialises in providing core banking software, IT solutions, ERP implementation, customised software solutions development, SAP B1, and offshore IT services for the BFSI sector.