Are you looking for some exciting IPO investment opportunities in the stock market? Do you want to know which companies are going public and how to participate in their upcoming IPOs?Â
In this blog post, we will give you a sneak peek into the upcoming IPOs that are set to hit the Indian stock market this week.
Opening for Subscription: Medi Assist Healthcare Services IPO
Investors are gearing up for a dynamic week in the stock market as two mainboard IPOs aim to enter the primary market. The first contender, Medi Assist Healthcare Services, is set to open for subscription from January 15 to January 17. The IPO, with a price band of Rs 397-418 per share, will mark the first mainboard segment entry for the week.
Notable Features of the Medi Assist Healthcare Services IPO
The IPO, scheduled to launch on January 15, comprises 2.8 crore shares. Investors have until January 17 to participate, while the anchor book will be available on January 12. This exclusive offer-for-sale (OFS) involves various existing shareholders, including promoters Dr Vikram Jit Singh Chhatwal, Medimatter Health Management, and Bessemer Health Capital LLC.
Shareholder Details
The red-herring prospectus outlines that promoters collectively hold a substantial 77.14 percent shareholding. Major selling shareholders include Bessemer India Capital Holdings II with a 35.13 percent stake.
Funding Objectives
Medi Assist Healthcare Services aims to raise Rs 1,171.6 crore through the IPO. This amount is exclusively via an offer-for-sale (OFS) involving 2.8 crore equity shares.
Epack Durable IPO: A Blend of Freshness and Experience
The second major IPO opening for subscription is the Epack Durable IPO, commencing on January 19 and concluding on January 23. With a mix of fresh issues and offer-for-sale (OFS), Epack Durable aims to raise funds for expansion and debt repayment.
Key Highlights of Epack Durable IPO
The IPO’s fresh issue of shares is valued at Rs 400 crore, coupled with an offer-for-sale of 1.04 crore equity shares by existing shareholders. Promoters Bajrang Bothra, Laxmi Pat Bothra, and others will be participating in the OFS.
Business Overview
Epack Durable, a prominent manufacturer in the room air conditioners and small domestic appliances market, caters to renowned brands such as Blue Star, Daikin, and Havells. The company plans to utilize the IPO proceeds for facility expansion and debt repayment.
Financial Performance
In FY23, Epack Durable reported a remarkable 83.4 percent YoY growth in net profit, reaching Rs 32 crore. Revenue surged by 66.5 percent to Rs 1,539 crore. However, the EBITDA margin dropped to 6.66 percent from 7.44 percent.
Important Dates and Closing Details
Investors can participate until January 23, with the anchor book launching on January 18. The basis of allotment will be finalized by January 24, and shares will be credited to successful investors’ demat accounts by January 25.
Listing Update: Jyoti CNC Automation
In the mainboard segment, Jyoti CNC Automation, a Rajkot-based CNC machines manufacturer, is set to list its equity shares on January 16. This follows a robust subscription period from January 9 to January 11, with a notable oversubscription of 38.6 times.
Invest in these upcoming IPOs at zero brokerage.
IPO Market Buzz
Analysts report that the Rs 1,000-crore public issue shares are trading at a significant premium of around 13-15 percent over the upper price band (Rs 331 per share) in the grey market, underscoring the market’s positive sentiment towards the company.
As the IPO market heats up, investors are keenly watching these developments, anticipating fruitful returns and contributing to the vibrancy of the stock market landscape.
RDC Concrete’s IPO Plans Unveiled for 2025
As the IPO market witnesses heightened activity, another significant player, RDC Concrete, is set to make waves in January 2025. The Managing Director and CEO, Anil Banchhor, shared exclusive details with MoneyControl in an interview on January 12, revealing the company’s IPO plans with an anticipated valuation ranging between Rs 3,500 crore to Rs 4,000 crore.
RDC Concrete’s Expansion Strategy
With a robust network of 100 Ready Mix Concrete (RMC) plants spanning the country, RDC Concrete has emerged as India’s largest independent non-cement ready-mix concrete manufacturer. The company’s ambitious expansion plans include achieving substantial market share by March 2025. This vision aligns with the thriving demand environment fueled by both private and government-backed infrastructure projects.
Strategic Acquisition and Growth
Back in mid-20212, Tiger Global-backed business-to-business construction material maker Infra.Market acquired RDC Concrete, which then boasted 49 operational plants. Demonstrating further strategic moves, last month, the parent company, Infra. Market divested approximately 10 percent of its stake to a group of investors led by Ashish Kacholia, raising around ₹165 crores in the process.
Conclusion
The IPO market is buzzing with activity as several companies are gearing up to go public in the next few weeks. These companies offer a variety of products and services, ranging from healthcare to air conditioners to concrete. They also have different financial performance, growth potential, and valuation expectations. As an investor, you have a great opportunity to participate in these upcoming IPOs and diversify your portfolio. However, you also need to evaluate the risks and rewards of each IPO before investing.
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Disclaimer: Investments in the securities market are subject to market risks; read all the related documents carefully before investing.