Dalal Street is all set for significant activity, with nine IPOs set to launch, totalling over Rs 6,500 crore in fundraising. From digital services for life sciences to travel distribution platforms, a diverse range of companies will debut. These upcoming IPOs promise substantial market movement and investment opportunities. Investors keen on primary market action should mark their calendars for potential gains and strategic entries into these new offerings.
Let us take a look at the details of these IPOs and upcoming listings.
Upcoming IPOs| Key Highlights
- Dalal Street will witness a flurry of IPO activity, with 9 companies launching their initial share sales.
- These IPOs aim to raise over Rs 6,500 crore, presenting significant investment opportunities.
- The mainboard segment will see the likes of Indegene, TBO Tek, and Aadhar Housing Finance entering the market with diverse offerings.
- In the SME segment, companies like Winsol Engineers, Refractory Shapes, and Finelistings Technologies are gearing up for their IPO launches.
- Additionally, four listings indicate a busy week ahead for the Indian stock market.
- Strong subscription rates in the IPOs indicate investor enthusiasm and confidence in the upcoming offerings.
Upcoming IPOs Schedule
| Company | Opening Date | Closing Date | Price Band (per share) |
| Indegene IPO | May 6 | May 8 | Rs 430-452 |
| TBO Tek IPO | May 8 | May 10 | Rs 875-920 |
| Aadhar Housing Finance IPO | May 8 | May 10 | Rs 300-315 |
| Winsol Engineers IPO | May 6 | May 9 | Rs 71-75 |
| Refractory Shapes IPO | May 6 | May 9 | Rs 27-31 |
| Finelistings Technologies | May 7 | May 9 | Rs 123 |
| Silkflex Polymers India | May 7 | May 10 | Rs 52 |
| TGIF Agribusiness IPO | May 8 | May 10 | Rs 93 |
| Energy-Mission Machineries | May 9 | May 13 | Rs 131-138 |
Indegene IPO
The Indegene IPO is up for grabs, aiming to raise a hefty sum of Rs 1,841.76 crores. This comprises a fresh issue of 1.68 crore shares worth Rs 760.00 crores and an offer for sale of 2.39 crore shares totaling Rs 1,081.76 crores.
Here’s a quick rundown of the Indegene IPO schedule:
| Event | Date |
| IPO Open Date | Monday, May 6, 2024 |
| IPO Close Date | Wednesday, May 8, 2024 |
| Basis of Allotment | Thursday, May 9, 2024 |
| Initiation of Refunds | Friday, May 10, 2024 |
| Credit of Shares to Demat | Friday, May 10, 2024 |
| Listing Date | Monday, May 13, 2024 |
- Indegene IPO Date: Opens on May 6, 2024.
- Indegene IPO Price: Price band is ₹430 to ₹452 per share.
- Indegene IPO Lot Size: The minimum lot size for an application is 33 shares.
The lead manager of Indegene IPO include Kotak Mahindra Capital Company Limited, Citigroup Global Markets India Private Limited, J.P. Morgan India Private Limited, and Nomura Financial Advisory And Securities (India) Pvt Ltd. Handling the backend is Link Intime India Private Ltd.
TBO Tek
TBO Tek is offering its IPO, aiming to raise Rs 1,550.81 crores. This comprises a fresh issue of 0.43 crore shares worth Rs 400.00 crores and an offer for the sale of 1.25 crore shares totalling Rs 1,150.81 crores.
- TBO Tek IPO lot size is 16 shares.
- TBO Tek IPO date is May 8-10, 2024.
- TBO Tek IPO price range is ₹875 to ₹920 per share.
The subscription for TBO Tek IPO starts on May 8, 2024, and ends on May 10, 2024. You can expect the allotment results by Monday, May 13, 2024. The IPO is set to list on BSE and NSE on Wednesday, May 15, 2024.
The price band for TBO Tek IPO is between ₹875 to ₹920 per share. To participate, you need a minimum of 16 shares, which amounts to ₹14,720.
| Event | Date |
| IPO Open Date | Wednesday, May 8, 2024 |
| IPO Close Date | Friday, May 10, 2024 |
| Basis of Allotment | Monday, May 13, 2024 |
| Initiation of Refunds | Tuesday, May 14, 2024 |
| Credit of Shares to Demat | Tuesday, May 14, 2024 |
| Listing Date | Wednesday, May 15, 2024 |
Aadhar Housing Finance IPO
Aadhar Housing Finance is set to raise Rs 3,000.00 crores through its IPO, comprising a fresh issue of 3.17 crore shares worth Rs 1,000.00 crores and an offer for sale of 6.35 crore shares worth Rs 2,000.00 crores.
- Aadhar Housing Finance IPO lot size is 47 shares.
- Aadhar Housing Finance IPO launches on May 8, 2024.
- Aadhar Housing Finance IPO price band is set between ₹300 to ₹315 per share.
The IPO subscription for Aadhar Housing Finance starts on May 8, 2024, and ends on May 10, 2024. Allotment results are expected by Monday, May 13, 2024, with the listing scheduled for Wednesday, May 15, 2024.
Invest in these upcoming IPOs at zero brokerage!
Investors can jump in at a price band of ₹300 to ₹315 per share, with a minimum lot size of 47 shares, requiring an investment of ₹14,805.
| Event | Date |
| IPO Open Date | Wednesday, May 8, 2024 |
| IPO Close Date | Friday, May 10, 2024 |
| Basis of Allotment | Monday, May 13, 2024 |
| Initiation of Refunds | Tuesday, May 14, 2024 |
| Credit of Shares to Demat | Tuesday, May 14, 2024 |
| Listing Date | Wednesday, May 15, 2024 |
Winsol Engineers IPO
The company, provides engineering, procurement, construction, and commissioning services for balance of plant solutions for both solar and wind power generation firms.
- Winsol Engineers Opening Date: May 6
- Winsol Engineers Listing Date: May 8
- Winsol Engineers Price Band: Rs 71-75 per share
Refractory Shapes IPO
Refractory Shapes Limited, established in 1996, makes different kinds of bricks, castables, high alumina catalysts, and ceramic balls. Their product range includes pre-cast and pre-fired blocks (PCPF), burner blocks, dense and insulating castables, etc.
- Refractory Shapes IPO Opening Date: May 6
- Refractory Shapes IPO Listing Date: May 8
- Refractory Shapes IPO Price Band: Rs 27-31 per share
Finelistings Technologies IPO
Finelistings Technologies Limited, founded in 2018, operates in two main sectors: retailing used luxury cars and providing software development services.
- Finelistings Technologies IPO Opening Date: May 7
- Finelistings Technologies IPO Listing Date: May 9
- Finelistings Technologies IPO Price Band: Rs 123 per share
Silkflex Polymers India IPO
The textile printing inks and water-based wood coating polymers trader is also set to open its Rs 18.11-crore IPO on May 7.
- Silkflex Polymers India IPO Opening Date: May 7
- Silkflex Polymers India IPO Listing Date: May 11
- Silkflex Polymers India IPO Price Band: Rs 52 per share
TGIF Agribusiness IPO
TGIF Agribusiness Limited, established in 2014 and is formerly known as ARV Farmpro LLP. It is actively involved in open-field cultivation, focusing on various fruit and vegetable varieties.
- TGIF Agribusiness IPO Opening Date: May 8
- TGIF Agribusiness IPO Listing Date: May 12
- TGIF Agribusiness IPO Price Band: Rs 93 per share
Energy-Mission Machineries India IPO
The Ahmedabad-based company that manufactures metal forming machines for industrial metal fabrication will also open its Rs 41.15-crore IPO in the coming week on May 9.
- Energy-Mission Machineries India IPO Opening Date: May 9
- Energy-Mission Machineries India IPO Listing Date: May 13
- Energy-Mission Machineries India IPO Price Band: Rs 131-138 per share
Upcoming Listings
In the upcoming week, all four listings will occur in the SME segment exclusively.
- Storage Technologies and Automation, Sai Swami Metals & Alloys, and Amkay Products will debut on the BSE SME on May 8.
- Trading of Slone Infosystems IPO shares will commence on the NSE Emerge with effect from May 10.
- Sai Swami Metals & Alloys IPO shares are at an 80 percent premium over the offer price of Rs 60 per share.
- Amkay Products shares were available at around a 105 percent premium over the IPO price of Rs 55 per share.
- Slone Infosystems IPO shares traded at nearly a 70 percent premium over the issue price of Rs 79 per share.
Conclusion
The upcoming IPO craze on Dalal Street not only indicates investor confidence but also reflects the dynamism of India’s capital markets. With diverse sectors represented, these offerings provide roads for investors to diversify portfolios. As new listings flood the market, it’s essential for investors to conduct thorough research before choosing to invest in any of the upcoming IPOs.
Source- moneycontrol.com
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