In the frenzied world of finance, the end of March signals not only the close of the quarter but also a flurry of Initial Public Offerings (IPOs) vying for investors’ attention. As companies race to go public and capitalize on market momentum, the last week of March has been particularly notable for its lineup of high-profile debuts. From tech unicorns to traditional stalwarts, the IPO landscape at the end of March offers a diverse array of opportunities for investors and analysts alike. In this blog post, we’ll delve into the standout IPOs of the month’s final week, dissecting their offerings, market reception, and potential implications for the broader financial landscape.
Below is the list of IPOs scheduled for the end of March, showcasing a dynamic mix of industries and market sentiments.
| Serial No. | Stock | IPO Start Date | IPO End Date | Listing Date | Min. Price | Max. Price | Min. Qty | Min. Value | Max. Value |
| 1 | Vishwas Agri Seeds Limited (VISHWAS) | 21-Mar-24 | 26-Mar-24 | 01-Apr-24 | 86.00 | 86.00 | 1,600 | 137600 | 137600 |
| 2 | Naman In-Store (India) Limited (NAMAN) | 22-Mar-24 | 27-Mar-24 | 02-Apr-24 | 84.00 | 89.00 | 1,600 | 134400 | 142400 |
| 3 | Trust Fintech Limited (TRUST) | 26-Mar-24 | 28-Mar-24 | 03-Apr-24 | 95.00 | 101.00 | 1,200 | 114000 | 121200 |
| 4 | SRM Contractors Limited (SRM) | 26-Mar-24 | 28-Mar-24 | 03-Apr-24 | 200.00 | 210.00 | 70 | 14000 | 14700 |
| 5 | Vruddhi Engineering Works Limited (VRUDDHI) | 26-Mar-24 | 28-Mar-24 | 03-Apr-24 | 66.00 | 70.00 | 2,000 | 132000 | 140000 |
| 6 | Blue Pebble Limited (BLUEPEBBLE) | 26-Mar-24 | 28-Mar-24 | 03-Apr-24 | 159.00 | 168.00 | 800 | 127200 | 134400 |
| 7 | Aspire & Innovative Advertising Limited (ASPIRE) | 26-Mar-24 | 28-Mar-24 | 03-Apr-24 | 51.00 | 54.00 | 2,000 | 102000 | 108000 |
| 8 | GConnect Logitech and Supply Chain Limited (GCONNECT) | 26-Mar-24 | 28-Mar-24 | 03-Apr-24 | 40.00 | 40.00 | 3,000 | 120000 | 120000 |
| 9 | Yash Optics & Lens Limited (YASHOPTICS) | 27-Mar-24 | 03-Apr-24 | 08-Apr-24 | 75.00 | 81.00 | 1,600 | 120000 | 129600 |
| 10 | TAC Infosec Limited (TAC) | 27-Mar-24 | 02-Apr-24 | 05-Apr-24 | 100.00 | 106.00 | 1,200 | 120000 | 127200 |
Let’s delve into each company one by one and explore their offerings in detail.
1. Vishwas Agri Seeds Limited (VISHWAS): This company is likely to draw attention from investors interested in the agriculture sector. Vishwas Agri Seeds Limited specializes in the production and distribution of high-quality seeds, catering to farmers’ needs for improved crop yields and resilience. With a focus on innovation and sustainability, Vishwas Agri Seeds aims to address the evolving challenges faced by the agricultural industry. Read Red Herring Prospectus.
| Stock | Face Value Per Share | Pre Issue Shares | Fresh Issue Shares | Total Issues | Pre Issue Promoter Shareholding | Post Issue Promoter Shareholding |
| Vishwas Agri Seeds Limited (VISHWAS) | 10 | 70,00,000 | 30,00,000 | 1,00,00,000 | 100.00% | 70.00% |
2. Naman In-Store (India) Limited (NAMAN): Naman In-Store is positioned within the retail sector, offering solutions and services designed to enhance the in-store shopping experience. As e-commerce continues to reshape consumer habits, Naman In-Store aims to provide retailers with innovative tools and technologies to engage customers and drive sales in physical stores.
| Stock | Face Value Per Share | Pre Issue Shares | Fresh Issue Shares | Total Issues | Pre Issue Promoter Shareholding | Post Issue Promoter Shareholding |
| Naman In-Store (India) Limited (NAMAN) | 10 | 77,00,000 | 28,48,000 | 1,05,48,000 | 100.00% | – |
3. Trust Fintech Limited (TRUST): Trust Fintech operates in the fast-growing fintech industry, leveraging technology to deliver a wide range of financial services and products. With a focus on trust, transparency, and accessibility, Trust Fintech aims to empower individuals and businesses with convenient and secure financial solutions tailored to their needs.
| Stock | Face Value Per Share | Pre Issue Shares | Fresh Issue Shares | Total Issues | Pre Issue Promoter Shareholding | Post Issue Promoter Shareholding |
| Trust Fintech Limited (TRUST) | 10 | 1,75,43,200 | 62,82,000 | 2,38,25,200 | 93.51% | 68.85% |
4. SRM Contractors Limited (SRM): SRM Contractors Limited is a player in the construction and infrastructure sector, specializing in civil engineering projects. With a track record of successful project completions and a commitment to quality and efficiency, SRM Contractors seeks to capitalize on the ongoing demand for infrastructure development across various regions.
| Stock | Face Value Per Share | Pre Issue Shares | Fresh Issue Shares | Total Issues | Pre Issue Promoter Shareholding | Post Issue Promoter Shareholding |
| SRM Contractors Limited (SRM) | 10 | 1,67,44,200 | 62,00,000 | 2,29,44,200 | 99.92% | – |
5. Vruddhi Engineering Works Limited (VRUDDHI): Vruddhi Engineering Works Limited is involved in manufacturing and supplying engineering components and equipment. Positioned within the industrial sector, Vruddhi Engineering Works aims to cater to the diverse needs of industries such as automotive, aerospace, and machinery manufacturing with its precision-engineered products.
| Stock | Face Value Per Share | Pre Issue Shares | Fresh Issue Shares | Total Issues | Pre Issue Promoter Shareholding | Post Issue Promoter Shareholding |
| Vruddhi Engineering Works Limited (VRUDDHI) | 10 | 18,43,584 | 6,80,000 | 25,23,584 | 96.34% | – |
6. Blue Pebble Limited (BLUEPEBBLE): Blue Pebble Limited operates in the real estate and property development sector, focusing on creating residential and commercial spaces that blend aesthetics with functionality. With a commitment to sustainable development practices and customer satisfaction, Blue Pebble aims to carve a niche in the competitive real estate market.
| Stock | Face Value Per Share | Pre Issue Shares | Fresh Issue Shares | Total Issues | Pre Issue Promoter Shareholding | Post Issue Promoter Shareholding |
| Blue Pebble Limited (BLUEPEBBLE) | 10 | 30,00,000 | 10,80,000 | 40,80,000 | 100.00% | 73.52% |
7. Aspire & Innovative Advertising Limited (ASPIRE): Aspire & Innovative Advertising Limited offers advertising and marketing solutions to businesses seeking to enhance their brand visibility and reach. In an era marked by fierce competition and evolving consumer preferences, Aspire aims to provide creative and strategic advertising services that help clients stand out in the market.
| Stock | Face Value Per Share | Pre Issue Shares | Fresh Issue Shares | Total Issues | Pre Issue Promoter Shareholding | Post Issue Promoter Shareholding |
| Aspire & Innovative Advertising Limited (ASPIRE) | 10 | 1,11,10,000 | 40,68,000 | 1,51,78,000 | 98.84% | 72.35% |
8. GConnect Logitech and Supply Chain Limited (GCONNECT): GConnect Logitech and Supply Chain Limited operates in the logistics and supply chain management sector, offering comprehensive solutions to streamline the movement of goods and optimize supply chain operations. With a focus on efficiency, reliability, and customer satisfaction, GConnect aims to become a preferred logistics partner for businesses across industries.
| Stock | Face Value Per Share | Pre Issue Shares | Fresh Issue Shares | Total Issues | Pre Issue Promoter Shareholding | Post Issue Promoter Shareholding |
| GConnect Logitech and Supply Chain Limited (GCONNECT) | 10 | 23,18,547 | 14,01,000 | 37,19,547 | 76.76% | 47.85% |
9. Yash Optics & Lens Limited (YASHOPTICS): Yash Optics & Lens Limited is engaged in the manufacturing and distribution of optical products, catering to the growing demand for eyewear solutions globally. With a commitment to quality craftsmanship and technological innovation, Yash Optics & Lens aims to address the diverse needs of consumers seeking reliable and stylish eyewear options.
| Stock | Face Value Per Share | Pre Issue Shares | Fresh Issue Shares | Total Issues | Pre Issue Promoter Shareholding | Post Issue Promoter Shareholding |
| Yash Optics & Lens Limited (YASHOPTICS) | 10 | 1,82,04,000 | 65,61,000 | 2,47,65,000 | 97.45% | 71.63% |
10. TAC Infosec Limited (TAC): TAC Infosec Limited operates in the cybersecurity industry, providing cutting-edge solutions to protect organizations from digital threats and vulnerabilities. In an increasingly interconnected world where data security is paramount, TAC Infosec aims to empower businesses with robust cybersecurity measures and proactive risk management strategies.
| Stock | Face Value Per Share | Pre Issue Shares | Fresh Issue Shares | Total Issues | Pre Issue Promoter Shareholding | Post Issue Promoter Shareholding |
| TAC Infosec Limited (TAC) | 10 | 76,50,000 | 28,29,600 | 1,04,79,600 | 78.00% | 59.64% |
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