Busy week ahead with 11 IPOs hitting Dalal Street, 14 listings scheduled next week

IPOs Next Week

The week ahead starting from September 23 will be super busy for the primary market as total 11 initial public offerings will be opening for subscription including two from the mainboard segment, and 14 new companies will be available for trading on the bourses.

Eleven companies launching IPOs next week cumulatively will be raising Rs 900 crore from the market.

Manba Finance IPO

The non-banking finance company will open its Rs 151-crore maiden public issue on September 23, with a price band at Rs 114-120 per share. It has already mobilised Rs 45.25 crore from anchor investors on September 20. The issue of 1.25 crore equity shares will close on September 25.

KRN Heat Exchanger and Refrigeration IPO

This will be the second IPO from the mainboard segment. The fin and tube-type heat exchangers manufacturing company intends to raise Rs 342 crore through its public issue at the upper end of the price band of Rs 209-220 per share. The issue will open on September 25, and close on September 27.

WOL 3D India IPO

The 3D Printing solutions provider will open its Rs 25.6-crore initial public offering on September 23, with a price band of Rs 142-150 per share. The last day for bidding on the issue will be September 25.

Rappid Valves (India) IPO

The valve solutions maker will also open its public issue on September 23, and close on September 25, with a price band at Rs 210-222 per share. It aims to raise Rs 30.41 crore.

TechEra Engineering IPO

Techera Engineering, which manufactures precise tooling and components for the aerospace and defence industries is going to raise nearly Rs 36 crore through its maiden public issue next week, at the upper end of the price band of Rs 75-82 per share. The offer will open from September 25-27.

Unilex Colours and Chemicals IPO

The pigments solutions provider will also hit Dalal Street with its Rs 31-crore IPO on September 25. The price band for the issue has been fixed at Rs 82-87 per share.

Thinking Hats Entertainment Solutions IPO

The company that provides exclusive content for several OTT platforms, too, will open its initial public offering during September 25-27, with a price band of Rs 42-44 per share. It is planning to raise Rs 15.09 crore through its IPO.

Divyadhan Recycling Industries IPO

The recycled polyester staple fibre and recycled pellets maker intends to mobilise Rs 24.2 crore via an initial public offering during September 26-30. The price band for the offer has been fixed at Rs 60-64 per share.

Sahasra Electronics Solutions IPO

This will be the biggest public issue amongst IPOs opening next week and the second biggest in the current year after KP Green. The Rs 186-crore public issue will open for subscription from September 26-30, with a price band of Rs 269-283 per share.

Forge Auto International IPO

The engineering company that makes precision-machined components for the auto industry will also hit Dalal Street with Rs 31-crore IPO on September 26. The price band is set at Rs 102-108 per share.

Saj Hotels IPO

Saj Hotels will be the last IPO from the SME segment, opening for subscription on September 27. It intends to mop up Rs 27.63 crore at a price of Rs 65 per share.

IPOs Closing Next Week

Kalana Ispat will close its maiden public issue on September 23, while the last day for bidding BikeWo GreenTech, SD Retail, Phoenix Overseas, and Avi Ansh Textile IPOs will be on September 24.

Listings

Western Carriers India, Arkade Developers, and Northern Arc Capital will make their debut on the bourses on September 24, after closing IPOs with 30.57 times, 106.83 times, and 110.91 times subscription respectively last week.

From the SME segment, the trading in Popular Foundations, Deccan Transcon Leasing, Envirotech Systems, Pelatro, and Osel Devices shares will commence on September 24, while Paramount Speciality Forgings shares will debut on September 25.

Kalana Ispat will list shares on September 26, while Avi Ansh Textile, Phoenix Overseas, SD Retail, and BikeWo GreenTech will commence trading on September 27.

Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.