IPO Action: Market participants to see 8 new public issues with 7 listings lined up this week

This week, a total of seven new companies will be available for trading on the bourses after their IPOs, including two - BlueStone Jewellery & Lifestyle, and Regaal Resources - from the mainboard segment.

The market participants will continue to see healthy action in the primary market segment this week, starting August 18, despite consolidation and subdued sentiment in the secondary market. More than Rs 3,700 crore worth of eight IPOs will hit Dalal Street, including Rs 3,584 crore worth fund fundraising by five companies in the mainboard segment.

Of these five IPOs in the mainboard segment, four (Vikram Solar, Gem Aromatics, Patel Retail, and Shreeji Shipping Global) will be launched on August 19, including Vikram Solar, the solar panels manufacturer, which is the largest amongst them, raising Rs 2,079 crore via IPO. Its public issue consists of fresh issuance of shares worth Rs 1,500 crore, and an offer-for-sale (OFS) of 1.74 crore shares worth Rs 579 crore. The price band for the offer has been fixed at Rs 315-332 per share.

Shipping and logistics company Shreeji Shipping Global is raising Rs 410.7 crore via IPO which comprises of entirely fresh issue 1.6 crore shares, with price band of Rs 240-252 per share, while retail supermarket chain Patel Retail's Rs 243-crore IPO is a mix of fresh issue of 85.18 lakh shares, and an OFS of 10.02 lakh shares, with price band of Rs 237-255 per share.

Gem Aromatics, which manufactures specialty ingredients (including essential oils, aroma chemicals, and value-added derivatives), aims to mobilise Rs 451 crore via an initial public offering, which is a combination of fresh issuance of shares worth Rs 175 crore, and an offer-for-sale of 85 lakh shares by promoters, and investor doTERRA. The price band for the offer is Rs 309-325 per share.

All of these four public issues will close on August 21.

Click Here To Read All IPO News

Mangal Electrical Industries, which specialises in processing transformer components, will be the last IPO amongst them, opening for subscription on August 20 with a price band of Rs 533-561 per share. It is raising Rs 400 crore entirely via a fresh issue.

In the SME segment, investors will see three maiden public issues - Studio LSD, LGT Business Connextions, and Classic Electrodes (India) - opening this week, on August 18, August 19, and August 22, respectively.

Multimedia production house Studio LSD intends to raise a little over Rs 70 crore via a public issue with a price band of Rs 48-51 per share, and this is the largest issue amongst these three. Travel service aggregator LGT Business Connextions is mobilising Rs 28.09 crore via IPO at a fixed price of Rs 107 per share.

Kolkata-based welding consumables maker Classic Electrodes (India) aims to mop up Rs 41.5 crore through its initial share sale. The price band for the offer has been fixed at Rs 82-87 per share.

Listings

This week, a total of seven new companies will be available for trading on the bourses after their IPOs, including two - BlueStone Jewellery & Lifestyle, and Regaal Resources - from the mainboard segment.

Investors can start trading in BlueStone Jewellery shares on the BSE and NSE effective August 19, followed by Regaal Resources on August 20. Their public issues were subscribed 2.7 times and 159.88 times, respectively.

BlueStone Jewellery shares did not get any premium in the grey market, but Regaal Resources shares attracted around a 25 percent premium, the market observers said.

In the SME segment, three companies will debut on August 18, the first day of the week, with Star Imaging & Path Lab on the BSE SME, and the remainder two - Medistep Healthcare, and ANB Metal Cast on the NSE Emerge.

Further, the trading in Icodex Publishing Solutions shares will commence on the BSE SME effective August 19, and that of Mahendra Realtors & Infrastructure shares on the NSE Emerge effective August 20.

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.