This week, when India will celebrate its 78th Independence Day, the primary market will also be flooded with new initial public issues and listings. Even though there is a holiday this week, there are five upcoming ipos and three listings scheduled this week. These will keep the primary market investors on their toes especially the ones who are interested in investing in the SMEs as four out of the five initial offers are from SMEs this week. Here are all the details of the list of upcoming ipos and listings.
List of Upcoming IPOs
- Saraswati Saree Depot IPO: This is one of the only mainboard IPO that is opening this week or rather today. You can subscribe to this IPO until 14 August 2024 which is Wednesday. This ₹ 160 crore IPO has been decided to be a book-built issue, which will be a mix of both fresh equity, issue, and offer for sale (OFS). The fresh issue will constitute 65 lakh shares which will amount to ₹ 104 crore, and the remaining ₹ 56 crore will be raised from the sale of 35 lakh shares by the existing shareholders. The price band set for Saraswati Saree Depot IPO is within the range of ₹ 152 and ₹ 160 apiece. Unistone Capital Private Limited will be the book-running lead manager while Bigshare Services Pvt. Ltd. will be the registrar.
- Sunlite Recycling Industries IPO: Now coming to the ipos this week from the SME segment, we have Sunlite Recycling Industries IPO to start with. This will open today as well that is 12 August 2024 and run until 14 August. This will be a book-built process as well, the fund that the company is looking to raise is ₹ 30.24 crores, and this will be done entirely with a fresh issue of 28.8 lakh equity shares. The price band for this IPO is between ₹ 100 per share to ₹ 105 per share. The registrar appointed for this IPO is Cameo Corporate Services Limited, while Hem Securities is the book-running lead manager and market maker.
- Positron Energy IPO: In the third place on this list of upcoming IPOs is Positron Energy IPO which will be open for subscription from today that is 12 August, and you can subscribe to it until 14 August. This ₹ 51.21 crore book-built IPO is the second SME IPO this week which will be a complete fresh equity issue of 20.48 lakh shares with no offer for sale. Beeline Capital Advisors Pvt. Ltd. will be the book-running lead manager, while Spread X Securities will be the market maker. The price band for this initial public offer has been set at ₹ 238 to ₹ 250 per share.
- Solve Plastic Products IPO: On 13 August 2024, this ipo will open for subscription. You can subscribe to it until 16 August. This is another complete fresh issue IPO, which is aiming to raise around ₹ 11.85 crores from 13.02 lakh fresh equity shares. This is a fixed-price ipo where the price for the Solve Plastic Products IPO has been set at ₹ 91 apiece. The book-running lead manager for the ipo is Finshore Management Services Ltd. while Integrated Registry Management Services Pvt. Ltd. will be taking care of the registration process.
- Broach Lifecare Hospital IPO: In the healthcare sector, this is an SME IPO that is coming up this 13 August and running up to 16 August. It is a fixed-price offer that will raise around ₹ 4.02 crore by selling 16.08 lakh fresh equity shares. The price for Broach Lifecare Hospital IPO is set at ₹ 25 per share and Fedex Securities will be working as the book-running lead manager while Kfin Technologies will be working as the registrar.
New Listings This Week
Apart from the above upcoming IPOs, there are three listings which include –
- Brainbees Solutions: On 9 August, that is the last Friday, the allotment of Brainbees Solutions IPO was finalized. This is commonly known as FirstCry, which has been highly popular with newborns. On 13 August, this company will be listed on both NSE and BSE.
- Unicommerce e-Solutions: Similarly, for Unicommerce e-Solutions IPO listing, it is 13 August when the company will go live on the exchanges – both NSE and BSE.
- Aesthetik Engineers: The allotment for Aesthetic Engineers IPO is expected to be finalized on 13 August, that is tomorrow and it is supposedly going live on the exchange on Friday, 16 August.
It is not just the number of companies, that are coming up with their IPOs recently, but it is also the investors who are showing faith in these new listings, which is again boosting the market and the investors’ confidence.
Source:Â Livemint
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