The primary market will remain busy next week starting from July 7 as investors will see six new initial public offerings (IPO) including two from the mainboard segment - i.e. Travel Food Services, and Smartworks Coworking Spaces.
Airport quick-service restaurant operator Travel Food Services' Rs 2,000-crore IPO will open for public subscription on July 7, with price band of Rs 1,045-1,100 per share. The offer, which closes on July 9, comprises of solely offer-for-sale by the Kapur Family Trust.
Workspace solutions provider Smartworks Coworking Spaces - the second public issue in the mainboard segment - will be launched on July 10 and closed on July 14. The IPO consists of fresh issue of shares worth Rs 445 crore, and an offer-for-sale of 33.8 lakh shares by promoters.
Major action will be seen in the SME segment as there will be four new IPOs scheduled for opening in the coming week. Inverter maker Smarten Power Systems, and food & health ingredients distributor Chemkart India will open their maiden public issues on July 7 and close on July 9. They are raising Rs 50 crore and Rs 80 crore via offers, respectively. Smarten Power is the fixed price issue, and Chemkart India is the book-building issue, having offer price of Rs 100 per share, and price band of Rs 236-248 per share.
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This follows GLEN Industries' Rs 63-crore initial share sale on July 8 with price band of Rs 92-97 per share, and Asston Pharmaceuticals' Rs 27.6-crore IPO on July 9, with price band of Rs 115-123 per share. Their offers will close on July 10 and July 11, respectively.
Further, there will be one follow-on public offering of 15 lakh shares worth Rs 87.75-crore from the BSE listed entity - CFF FLuid Control, opening on July 9. Its issue price has been fixed at Rs 585 per share.
Apart from new offers, Cryogenic OGS, and Happy Square Outsourcing Services will close their IPOs on July 7, followed by their listing on the BSE SME and NSE Emerge scheduled on July 10. Meta Infotech will also close its public offer next week on July 8 and make debut on the BSE SME on July 11.
These three offers, so far, subscribed 22.97 times, 64 percent and 2.7 times their allotted quotas, respectively.
Listings
On July 7, total five companies are scheduled for listing in the SME segment next week - Marc Loire Fashions, and Vandan Foods on the BSE SME, and Pushpa Jewellers, Cedaar Textile, and Silky Overseas on the NSE Emerge.
In the mainboard segment, Crizac is the only company making its debut on the bourses next week, on July 9. Its IPO shares traded at around 17 percent premium in the grey market. The Rs 860-crore public issue was subscribed 60 times last week.
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