February’s Finale: Exploring the Latest IPOs

As February draws to a close, the world of finance is abuzz with the latest wave of initial public offerings (IPOs), marking an exciting culmination to the month. From tech startups disrupting industries to established companies venturing into new markets, each IPO represents a significant milestone in the journey of these firms towards greater visibility and access to capital. As investors eagerly await the debut of these new offerings, the landscape of opportunities and risks continues to evolve. In this blog post, we delve into the noteworthy IPOs that have emerged at the end of February, shedding light on the companies, their stories, and the implications for the broader market.

Let’s delve deeper into the dynamics driving these last-minute investment decisions and uncover the potential implications for the market landscape. As the month of February nears its end, investors are closely scrutinizing the final IPOs hitting the market, weighing factors such as company performance, market sentiment, and economic indicators. These decisions are not made lightly; they reflect the culmination of extensive research, analysis, and risk assessment. By examining the drivers behind these investment choices, we can gain valuable insights into current market trends and anticipate how they may shape the investment landscape moving forward.

List of February Finale IPOs:
Serial No. Stock IPO Start Date IPO End Date Listing Date Min. Price Max. Price Min. Qty Min. Value Max.Vvalue
1 Sadhav Shipping Limited (SADHAV) 23-Feb-24 27-Feb-24 01-Mar-24 94 95 1200 112800 114000
2 Owais Metal and Mineral Processing Limited (OWAIS) 26-Feb-24 28-Feb-24 04-Mar-24 83 87 1600 132800 139200
3 Platinum Industries Limited (PLATINUM) 27-Feb-24 29-Feb-24 05-Mar-24 160 171 87 13920 14877
4 Exicom Telesystems Limited (EXICOM) 27-Feb-24 29-Feb-24 05-Mar-24 135 142 100 13500 14200
5 Purv Flexipack Limited (PURVFLEXI) 27-Feb-24 29-Feb-24 05-Mar-24 70 71 1600 112000 113600
6 Bharat Highways InvIT (BHINVIT) 28-Feb-24 01-Mar-24 06-Mar-24 98 100 150 14700 15000
7 Mukka Proteins Limited (MUKKA) 29-Feb-24 04-Mar-24 07-Mar-24 26 28 535 13910 14980

In the next section, we’ll take a closer look at the backgrounds of the key players in this round of offerings, shedding light on what sets them apart in today’s competitive landscape. By delving into the histories of these companies, we aim to uncover the unique value propositions that have captured the attention of investors. Behind every IPO lies a unique narrative—whether it’s a tech startup disrupting an industry or a traditional company making its debut on the public market. By delving into the backgrounds of these companies, we unravel the intricate tapestry of their journeys, from inception to the present moment.

Let’s explore the profiles of the companies set to debut in the upcoming IPO wave, uncovering the narratives that fuel their journey towards the public market:

1. Sadhav Shipping Limited (SADHAV): Sadhav Shipping Limited is a prominent player in the maritime logistics industry, specializing in providing comprehensive shipping solutions globally. Sadhav Shipping has earned a reputation for reliability and efficiency in bulk cargo transportation, container shipping, and logistics services. With a modern fleet and a commitment to excellence, the company continues to expand its reach and serve a diverse clientele. Click here to read the red herring prospectus from SEBI website.

Stock Face Value Per Share Pre Issue Shares Fresh Issue Shares Total Issues Pre Issue Promoter Shareholding
Sadhav Shipping Limited (SADHAV) 10 10333818 4018800 14352618 96.44%

2. Owais Metal and Mineral Processing Limited (OWAIS): Owais Metal and Mineral Processing Limited is a key player in the mining and processing sector, known for its expertise in extracting and processing various metals and minerals sustainably. Owais Metal and Mineral Processing adheres to stringent environmental standards while meeting the global demand for metals and minerals through responsible mining practices and innovative processing techniques.

Stock Face Value Per Share Pre Issue Shares Fresh Issue Shares Total Issues Pre Issue Promoter Shareholding
Owais Metal and Mineral Processing Limited (OWAIS) 10 13275198 4907200 18182398 100.00%

3. Platinum Industries Limited (PLATINUM): Platinum Industries Limited stands out in the industrial sector as a leading manufacturer renowned for its commitment to quality and innovation. The company’s state-of-the-art manufacturing facilities produce a diverse range of high-quality industrial products, serving various industries. With a focus on customer satisfaction and technological advancement, Platinum Industries continues to set industry standards and expand its market presence. Click here to read the red herring prospectus from SEBI website.

Stock Face Value Per Share Pre Issue Shares Fresh Issue Shares Total Issues Pre Issue Promoter Shareholding
Platinum Industries Limited (PLATINUM) 10 41163648 13761225 54924873 94.74%

4. Exicom Telesystems Limited (EXICOM): Exicom Telesystems Limited is a distinguished player in the telecommunications industry, offering cutting-edge solutions and services to meet the evolving needs of the sector. The company’s expertise lies in network infrastructure, broadband services, and mobile technology solutions. With a strong focus on innovation and customer-centricity, Exicom Telesystems remains at the forefront of technological advancements in the telecommunications domain. Click here to read the red herring prospectus from SEBI website.

Stock Face Value Per Share Pre Issue Shares Fresh Issue Shares Total Issues Pre Issue Promoter Shareholding
Exicom Telesystems Limited (EXICOM) 10 97655501 23169014 120824515 93.28%

5. Purv Flexipack Limited (PURVFLEXI): Purv Flexipack Limited is a leading manufacturer of flexible packaging solutions, catering to diverse industries such as food and beverage, pharmaceuticals, and consumer goods. The company’s state-of-the-art manufacturing facilities produce a wide range of flexible packaging products tailored to meet the unique requirements of its clients. With a focus on sustainability and product innovation, Purv Flexipack continues to be a preferred packaging partner for businesses worldwide.

Stock Face Value Per Share Pre Issue Shares Fresh Issue Shares Total Issues Pre Issue Promoter Shareholding
Purv Flexipack Limited (PURVFLEXI) 10 15318950 5664000 20982950 92.17%

6. Bharat Highways InvIT (BHINVIT): Bharat Highways InvIT is a prominent infrastructure investment trust focused on investing in road and highway projects across India. The trust provides investors with an opportunity to participate in India’s infrastructure growth story while generating stable returns through toll revenues and capital appreciation. With a portfolio of strategic road assets, Bharat Highways InvIT plays a crucial role in financing and developing critical infrastructure projects in the country. Click here to read the red herring prospectus from SEBI website.

Stock Face Value Per Share Pre Issue Shares Fresh Issue Shares Total Issues Pre Issue Promoter Shareholding
Bharat Highways InvIT (BHINVIT) 10                                     –                                           – 250000000                                                                               –

7. Mukka Proteins Limited (MUKKA): Mukka Proteins Limited is a leading player in the food and beverage industry, specializing in the production of high-quality protein products. The company’s commitment to quality, nutrition, and innovation has positioned it as a preferred choice among health-conscious consumers. With a diverse range of protein-rich products catering to various dietary needs, Mukka Proteins continues to promote health and wellness while maintaining environmental sustainability. Click here to read the red herring prospectus from SEBI website.

Stock Face Value Per Share Pre Issue Shares Fresh Issue Shares Total Issues Pre Issue Promoter Shareholding
Mukka Proteins Limited (MUKKA) 1 220000000 80000000 300000000 100.00%

These companies each bring distinctive strengths and visions to the forefront, laying the foundation for a thrilling IPO season ahead.

If you have applied for an IPO, you can check the status of your allotment by clicking here. Simply input your application number or PAN number to access the information. Please note that the link would be an actual hyperlink leading to the relevant website for checking IPO allotment status.

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