IPO Watchlist: 7 Upcoming IPOs and 5 New Listings This Week

The IPO mania is here to stay as this week investors will see seven new upcoming IPOs along with a handful of listings on the stock exchanges. Both SMEs and mainboard IPOs are coming this week, which will keep the primary market on its toes. 

Even though the market is a little volatile owing to global and geopolitical factors, the primary market is not holding back. With these seven upcoming ipos this week, and around 15 more in this month, a total capital of around ₹ 22000 crore will be raised, while already ₹ 11850 crore has been raised from the IPOs launched in the first week of August.  

Let’s take a look at the new IPOs to be launched, and the listings scheduled this week. 

Upcoming IPOs This Week

1. Orient Technologies IPO: One of the most awaited IPO of this week is Orient Technologies IPO, which is expected to raise around ₹ 214.76 crore with its book-building IPO. The subscription will be open on 21 August, and run until 23 August 2024. It is a mix of fresh equity issues and offers for sale (OFS). The fresh equity issue will be 58 lakh shares which will be raised around ₹ 120 crore, and the remaining will come from OFS of 46 lakh shares which can raise ₹ 94.76 crore. The price band of this IPO has been determined between ₹ 195 and ₹ 206. 
2. Interarch Building Products IPO: The subscription for Interarch Building Products IPO will open on 19 August 2024, on the auspicious occasion of Rakhi. This will be open for subscription until 21 August. This is also a book-built IPO, which is aiming to raise ₹ 600.29 crores by issuing 22 lakh fresh equity shares and 44 lakh shares from OFS. The price band set for this IPO is within ₹ 850 and ₹ 900 per share. 
3. Brace Port Logistics IPO: The next upcoming ipo is of an SME, which will also open on 19 August and run until the 21^st of the month. The company will follow the book-built process with an entirely fresh equity shares issue of 30.51 lakh units. The total amount they are looking to raise is around ₹ 24.41 crores from this Brace Port Logistics IPO with a price band of ₹ 76 to ₹ 80 per share.  
4. Forcas Studio IPO: The fourth one on the list of upcoming IPOs this week is the Forcas Studio IPO whose subscription will be between 19 August and 21 August 2024. This is another SME issue this week, which is expected to raise around ₹37.44, crore from the market with its 46.80 lakh fresh equity share issue. The price the bank decided for the issue is ₹ 77 to ₹ 80 per share and this will be a book-built IPO. 
5. QVC Exports IPO: This IPO will open on 21 August and close on 23 August for subscription. It is a fixed-price IPO that is aiming to raise ₹ 24.07 crore by offering 20.5 lakh fresh equity shares, and 7.49 lakh shares for OFS. The price for the issue has been set at ₹ 86 per share. 
6. Ideal Technoplast Industries IPO: Another SME IPO this week is Ideal Technoplast Industries IPO, which can raise ₹ 16.03 crore from its fixed price issue of fresh equity shares. The number of shares to be issued stands at 13.25 lakh and the individual share price for the issue has been set at ₹ 121 per share. This IPO will be open between 21 to 23 August. 
7. Resourceful Automobile IPO: This IPO will open on 22 August and run until 26 August 2024. This SME is looking to raise ₹ 11.99 crore by offering 10.25 lakh fresh equity shares.  The price for the Resourceful Automobile IPO has been set at ₹ 117 per share. 

New Listings This Week

Apart from the seven IPOs that are coming this week, here are the listings that you should keep an eye on. 

1. Saraswati Saree Depot: The IPO of Saraswati Saree Depot came last week and the allotment date was 16 August, and it will be listed on 20 August on both BSE and NSE. 
2. Sunlite Recycling Industries IPO: The listing date for Sunlite Recycling Industries IPO has been finalized on 20 August which is tomorrow. It will be listed on both NSE and BSE. 
3. Positron Energy IPO: The tentative date for listing this company is 20 August as well. 
4. Solve Plastic Products IPO: On 21 August, it is expected that Solve Plastic Products will be listed on both of the two primary stock exchanges of the country that are NSE and BSE. 
5. Broach Lifecare Hospital IPO: This Company is also set to debut on the stock exchange on 21 August that is Wednesday. 

Wrapping up 

The Indian growth story is adding fuel to the IPO surge and the success of the previous IPOs. Having said that, it is always crucial to check all the details of each of the companies launching their IPOs before subscribing to any.  

Source: Livemint

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Disclaimer: Investments in the securities market are subject to market risks; read all the related documents carefully before investing.