The primary market is keeping the investors on their toes every week. This week, there are three IPOs from the SME segment and one IPO from the mainboard segment to keep the market busy. Last week, it was Emcure Pharma and Bansal Wire Industries, witnessed an exceptional demand from the investors.
The IPO industry has been witnessing a strong surge in the number of initial public offerings as the economic growth in India has been on the rise, with steady interest rates and suitable market conditions. In the coming few months, around 55 companies are about to launch their IPOs and the overall capital to be raised will be around ₹ 68000 crore.
IPOs coming this Week
Here are the IPOs, that will hit the primary market this week –
- Sanstar Limited IPO: This Sanstar limited IPO will open for subscription on 19 July and will be open until 23 July. This is a book-built issue that is looking to raise around ₹ 510.15 crore from investors. The Sanstar Limited IPO details reveal that this IPO is a mix of fresh issues of 4.18 crore shares which will amount to around ₹ 397.10 crore and 1.19 crore shares which will be offered under sale (OFS) for ₹ 113.05 crore. The price band has been set at ₹ 90 to ₹ 95 per share.
- Tunwal E-Motors IPO: The next on the list is Tunwal E-Motors IPO. This IPO will be open for subscription between 15 July and 18 July 2024. The total amount to be raised from the IPO is around ₹ 115.64 crore it is a fixed-price IPO and the price has been set at ₹ 59 per share. Other Tunwal E-motors ipo details include that this IPO will be segregated amongst fresh issues of 138.5 lakh shares, worth ₹ 81.72 crores, and 57.5 lakh shares for an offer for sale which will be totaling to around ₹ 33.93 crores.
- Macobs Technologies IPO: The third on the list is Macobs Technologies IPO, which will be live from 16 July and will be open for subscription until 19 July 2024. This is another book-built IPO that will be hitting the primary market this week with a total amount to be raised around ₹ 19.46 crore. Macobs Technologies IPO is an entirely fresh issue where 25.95 lakh shares will be offered for subscription. The price band decided for the IPO is between ₹ 71 and ₹ 75 each share.
- Kataria Industries IPO: If you are looking forward to Kataria Industries IPO then this IPO will be launched on 16 July and will run until 19 July 2024. This IPO will also follow the book-built process where it will float 56.85 lakh fresh equity shares worth ₹ 54.58 crore. The price band set for the IPO is ₹ 91 to ₹ 96 per share.
New Listing This Week
Apart from the above four IPOs this week, there will be one listing of Sahaj Solar Limited whose allotment is to be finalized on Tuesday 16 July 2024. The tentative date for listing this IPO on NSE SME is 19 July 2024.
Upcoming FPO This Week
After all the IPOs, and listings, there is another FPO as well which will hit the primary market this week. This is SAR Technologies FPO, which you can start subscribing to from 22 July 2024 and will end on 24 July. This is also a book-built FPO where ₹150 crore will be raised from a fresh issue of 71.43 lakh shares and a price band set at ₹ 200 to ₹ 210 per share.
Wrapping up
Investors interested in IPO investments should keep a close eye on the primary market this week, especially if you are looking to invest in small and medium enterprises’ IPOs.
Source:- https://www.livemint.com/
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Disclaimer: Investments in the securities market are subject to market risks; read all the related documents carefully before investing.