Monday, February 23

IPO Calendar: Rain of IPOs This Week, 9 Issues to Open; Bidding Starts Today for 5 Including Clean Max

A Busy Week Ahead in the Stock Market: The Indian stock market is set for significant activity this week with a total of nine Initial Public Offerings (IPOs) scheduled to open. Four of these IPOs are from the mainboard, while five belong to the SME segment. Today, five IPOs have opened for bidding.

Mainboard IPOs to Watch

  1. Clean Max Enviro Energy Solutions
    The largest IPO this week, Clean Max Enviro Energy Solutions, aims to raise ₹3,100 crore. Of this, ₹1,200 crore will come from new shares, while existing investors will sell ₹1,900 crore worth under an Offer for Sale. The IPO opened today, 23 February, and will close on 25 February. The price band is ₹1,000–₹1,053 per share. Listing on BSE and NSE is expected on 2 March.
  2. Shree Ram Twistex
    Shree Ram Twistex plans to raise ₹110.24 crore by issuing 1.06 crore fresh shares. The IPO opened today and will close on 25 February. The price band is ₹95–₹104 per share. Listing is expected on 2 March.
  3. PNGS Reva Diamond Jewellery
    This company aims to raise ₹380 crore entirely through fresh shares. The IPO will open on 24 February and close on 26 February. Shares are priced between ₹367–₹386 each, with expected listing on 4 March.
  4. Omnitech Engineering
    Omnitech Engineering seeks to raise ₹583 crore, including ₹418 crore through fresh shares and ₹165 crore via an Offer for Sale. The IPO opens on 25 February and closes on 27 February, with a price band of ₹216–₹227 per share. Listing is expected on 5 March.

SME IPOs Also in Line
Alongside mainboard offerings, five SME IPOs are also scheduled this week: Kiaasa Retail, Accord Transformer & Switchgear, and Mobilise App opened for bidding today, 23 February. Yaap Digital will accept bids from 25–27 February, while Striders Impex will open from 26 February to 2 March.

Disclaimer: The above analysis reflects the opinions of individual analysts or brokerage firms and not Navbharat Times. Investors are advised to consult certified financial experts before making any investment decisions, as market conditions can change rapidly.


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