Upcoming IPOs Next Week: Aimtron Electronics, Awfis Space Solutions, and More Set to Launch in Primary Market

Next week will see a flurry of IPO activity with five SME issues opening for subscription and two new listings.

Among the ongoing issues, the Awfis Space Solutions IPO will close for bidding on May 27 in the mainboard segment. The shares of the Awfis IPO are also expected to be listed on Indian stock exchanges on May 30.

“The surge in IPO activity is driven by soaring Indian stocks, robust economic growth, and corporate earnings consistently outpacing expectations, inspiring more companies to go public. As a result, the IPO market has seen a significant boost, with large corporate houses and new-age businesses like Tata Capital, Hexaware, Ola Electric, and Swiggy gearing up for their public market debuts in 2024-25,” said Mahavir Lunawat, Managing Director, Pantomath Capital Advisors Pvt. Ltd.

Here are the IPOs open for subscription next week:

Vilas Transcore IPO

• Open Date: May 27, 2024
• Close Date: May 29, 2024
• Issue Size: ₹95.26 crores (64.8 lakh shares)
• Price Band: ₹139 to ₹147 per share
• Lead Manager: Hem Securities Limited
• Registrar: Bigshare Services Pvt Ltd

Beacon Trusteeship IPO

• Open Date: May 28, 2024
• Close Date: May 30, 2024
• Issue Size: ₹32.52 crores (38.72 lakh fresh issue shares and 15.48 lakh offer for sale shares)
• Price Band: ₹57 to ₹60 per share
• Lead Manager: Beeline Capital Advisors Pvt Ltd
• Registrar: Kfin Technologies Limited

Ztech India IPO

• Open Date: May 29, 2024
• Close Date: May 31, 2024
• Issue Size: ₹37.30 crores (33.91 lakh shares)
• Price Band: ₹104 to ₹110 per share
• Lead Manager: Narnolia Financial Services Ltd
• Registrar: Maashitla Securities Private Limited

Aimtron Electronics IPO

• Open Date: May 30, 2024
• Close Date: June 3, 2024
• Issue Size: ₹87.02 crores (54.05 lakh shares)
• Price Band: ₹153 to ₹161 per share
• Lead Manager: Hem Securities Limited
• Registrar: Link Intime India Private Ltd

TBI Corn IPO

• Open Date: May 31, 2024
• Close Date: June 4, 2024
• Issue Size: ₹44.94 crores (47.81 lakh shares)
• Price Band: ₹90 to ₹94 per share
• Lead Managers: Swastika Investmart Ltd and Ekadrisht Capital Private Limited
• Registrar: Kfin Technologies Limited

Awfis Space Solutions IPO

• Open Date: May 22, 2024
• Close Date: May 27, 2024
• Issue Size: ₹598.93 crores (0.33 crore fresh issue shares and 1.23 crore offer for sale shares)
• Price Band: ₹364 to ₹383 per share
• Lead Managers: ICICI Securities Limited, Axis Capital Limited, IIFL Securities Ltd, Emkay Global Financial Services Ltd
• Registrar: Bigshare Services Pvt Ltd

New Listings Next Week

GSM Foils IPO

• Allotment Date: May 29, 2024
• Listing Date: May 31, 2024 (NSE SME)

Awfis Space Solutions IPO

• Allotment Date: May 28, 2024
• Listing Date: May 30, 2024 (BSE, NSE)