IPO Action Next Week: 11 public issues set to hit Dalal Street with 5 companies making market debut

IPOs Schedule for Next Week

The activity at the primary market desk will remain healthy even for the coming truncated week starting from December 22 as investors will see 11 fresh initial public offerings (IPOs) for subscription along with five new companies available for trading on the bourses.

These 11 companies are set to raise little more than Rs 755 crore via their IPOs including the only maiden public issue of Gujarat Kidney & Super Speciality worth Rs 250.8 crore in the mainboard segment.

Gujarat-based mid-sized hospital chain operator Gujarat Kidney will open its IPO for public subscription on December 22 with price band of Rs 108-114 per share. It has already raised Rs 100 crore via anchor book on December 19, a day before the IPO opening. Investors can bid for the offer till December 24.

The SME segment will have the remainder 10 public issues, of which four offers - Dachepalli Publishers, Shyam Dhani Industries, Sundrex Oil, and EPW India - will open for subscription on December 22. All of them will close on December 24.

Educational content publisher Dachepalli Publishers aims to raise Rs 40.4 crore via initial share sale at the upper end of price band of Rs 100-102 per share, while spices maker Shyam Dhani Industries has fixed price band at Rs 65-70 per share for its Rs 38.5-crore public issue.

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Industrial and automotive lubricants maker Sundrex Oil, and refurbished laptop & desktop provider EPW India have fixed price band at Rs 81-86 and Rs 95-97 per share, respectively for their offers. Each of them offers is worth around Rs 32-crore.

On the following day, i.e. December 23, five public issues - Bai Kakaji Polymers, Dhara Rail Projects, Apollo Techno Industries, Admach Systems, and Nanta Tech - will be available for public subscription. The last day for bidding these offers will be December 26 as there will be a public holiday on December 25.

PET preforms, plastic caps and closures maker Bai Kakaji Polymers is raising more than Rs 105.2 crore via initial share sale at the upper end of price band of Rs at Rs 177-186 per share, while Dhara Rail Projects, the maintenance and repair services provider for railway rolling stock systems, has fixed price range at Rs 120-126 apiece for its IPO worth over Rs 50 crore.

The price band for the Rs 48-crore initial share sale for drilling equipment manufacturer Apollo Techno Industries has been fixed at Rs 123-130 per share, while customised special purpose machines and automation systems maker Admach Systems has set price range of Rs 227-239 per share for its Rs 43-crore IPO.

Audio visual solutions provider Nanta Tech is raising nearly Rs 32 crore at the upper end of price band of Rs 209-220 per share.

E to E Transportation Infrastructure, which provides system integration and engineering solutions for the railway sector, will be the last initial public offering (worth over Rs 84 crore) from the SME segment for next week, opening for subscription on December 26 with price band of Rs 164-174 per share.

Further, Phytochem Remedies, the corrugated boxes and corrugated board solutions manufacturer, will close its Rs 38.2-crore IPO on December 22. This fixed price offer was opened on December 18.

On the listings front, total five companies will be available for trading on the bourses in the coming holiday-shortened week including magnet winding wires maker KSH International - the only company from the mainboard segment. KSH will make its debut on the BSE and NSE effective December 23 after its Rs 710-crore IPO managed to sail through with 83 percent subscription.

In the SME segment, Neptune Logitek will list its equity shares on the BSE SME on December 22, followed by Global Ocean Logistics India, and MARC Technocrats which will debut on the BSE SME and NSE Emerge respectively effective December 24. Phytochem Remedies (India) will be the last amongst them, listing on the BSE SME on December 26.