Busy Week Ahead: 5 SME Upcoming IPOs and 2 Probable Listings To Watch For

The Indian stock market is gearing up for a week buzzing with activity, especially in the small and medium enterprise (SME) segment. While the mainboard takes a breather amid ongoing elections, the SME platform is set to witness a flurry of five new IPOs opening for subscription – that’s one every day of the week!

Upcoming IPOs This Week

Company Name	Offer Price	Opening Date	Closing Date	Issue Size
Vilas Transcore Limited	₹139 – ₹147	27-05-24	29-05-24	₹95.26 Cr
Beacon Trusteeship	₹57 – ₹60	28-05-24	30-05-24	₹32.52 Cr
Ztech India	₹104 – ₹110	29-05-24	31-05-24	₹37.30 Cr
Aimtron Electronics	₹153 – ₹161	30-05-24	03-06-24	₹87.02 Cr
TBI Corn	₹90 to ₹94	31-05-24	04-06-24	₹44.94 Cr

Let’s examine the details of these upcoming offerings and two potential listings.

Upcoming IPOs Spotlight: Five Companies Take Center Stage

1. Vilas Transcore Limited IPO

Vilas Transcore Limited (VTL), a manufacturer of power distribution and transmission components, is kicking off the IPO week. Their maiden public offering, valued at ₹95.26 crore, consists entirely of fresh equity shares, and the company seems to be aiming for strong growth. 

Vilas Transcore Limited IPO Objectives Include:

• Strategic investments & acquisitions
• Expansion plans

Offer Price	₹139 – ₹147 per share
Face Value	₹10 per share
Opening Date	27 May 2024
Closing Date	29 May 2024
Total Issue Size (in Shares)	6,480,000
Total Issue Size (in ₹)	₹95.26 Cr
Issue Type	Book Built Issue IPO
Lot Size	1000 Shares

2. Beacon Trusteeship IPO

Established in 2015, Beacon Trusteeship is a SEBI-registered debenture trustee offering various services across various sectors. Their IPO, a mix of fresh issues and offer-for-sale (OFS), aims to raise ₹32.52 crore. The debenture trustee market plays a crucial role in financial security.

Beacon Trusteeship IPO Objectives Include:

• Technology infrastructure upgrades
• Acquisitions
• General corporate purposes

Offer Price	₹57 – ₹60 per share
Face Value	₹10 per share
Opening Date	28 May 2024
Closing Date	30 May 2024
Total Issue Size (in Shares)	5,420,000
Total Issue Size (in ₹)	₹32.52 Cr
Issue Type	Book Built Issue IPO
Lot Size	2000 Shares

3. Ztech India IPO

Ztech India specializes in providing geotechnical solutions for infrastructure and civil construction projects. Their IPO, valued at ₹37.30 crore, consists solely of fresh equity shares. Ztech operates in a vital sector that supports India’s infrastructure development.

 Ztech India IPO Objectives Include:

• Working capital requirements 
• General corporate purposes 
• IPO expenses

Offer Price	₹104 – ₹110 per share
Face Value	₹10 per share
Opening Date	29 May 2024
Closing Date	31 May 2024
Total Issue Size (in Shares)	3,391,200
Total Issue Size (in ₹)	₹37.30 Cr
Issue Type	Book Built Issue IPO
Lot Size	1200 Shares

4. Aimtron Electronics IPO

Aimtron Electronics, based in Gujarat, provides products and solutions for Electronic System Design and Manufacturing (ESDM) services. Their book-built IPO is valued at ₹87.02 crore and comprises fresh equity shares. The ESDM sector is a key driver of India’s technological advancements. 

Aimtron Electronics IPO Objectives Include:

• Debt repayment 
• Plant expansion 
• Working capital needs 
• General corporate purposes

Offer Price	₹153 – ₹161 per share
Face Value	₹10 per share
Opening Date	30 May 2024
Closing Date	3 June 2024
Total Issue Size (in Shares)	5,404,800
Total Issue Size (in ₹)	₹87.02 Cr
Issue Type	Book Built Issue IPO
Lot Size	800 Shares

5. TBI Corn IPO

Rounding out the IPO lineup is TBI Corn, a manufacturer and exporter of corn meal grits. Their book-built IPO, valued at ₹44.94 crore, consists solely of fresh equity shares. Incorporated in 2000, TBI Corn Limited manufactures and exports Corn Meal Grits to various countries, such as Dubai, Oman, Jordan, South Africa, and Vietnam. 

TBI Corn IPO Objectives Include:

• Expansion of existing production unit
• Meeting working capital requirements
• General corporate purposes

Offer Price	₹90 – ₹94 per share
Face Value	₹10 per share
Opening Date	31 May 2024
Closing Date	4 June 2024
Total Issue Size (in Shares)	4,780,851
Total Issue Size (in ₹)	₹44.94 Cr
Issue Type	Book Built Issue IPO
Lot Size	1200 Shares

Potential Listings

While the IPOs garner most of the initial buzz, two potential listings are also expected this week, adding to the overall market activity. Here’s a quick look:

• GSM Foils IPO Listing: The allotment for the GSM Foils IPO is expected to be finalized on May 29th, with a tentative listing date on the NSE SME platform set for May 31st.
• Awfis Space Solutions IPO Listing: The allotment for the Awfis Space Solutions IPO is expected to be finalized on May 28th, with a tentative listing date on both BSE and NSE set for May 30th.

Conclusion
Although this week promises a flurry of activity in the SME segment, thorough research is crucial before making any investment decisions. Carefully analyze the company’s financials, business model, future prospects, and overall market conditions. Don’t be swayed by hype—make informed choices based on your investment goals and risk tolerance.

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