IPO Action: One public issue slated for next week; 11 companies to debut on bourses

IPO schedule for next week

The primary market will mostly be quiet in the coming week starting from December 29 may be due to new-year holiday season, as investors will see only one IPO launch which is in the SME segment and not in mainboard.

Gurugram-based diagnostic chain Modern Diagnostic & Research Centre has approached capital markets to raise nearly Rs 37 crore via IPO which comprises of entirely fresh issue of 40.99 lakh shares, at a valuation of Rs 136 crore. The price band for the offer has been fixed at Rs 85-90 per share.

The offer will open on December 31 and close on January 2.

E to E Transportation Infrastructure, which provides system integration and engineering solutions for the railway sector, will close its Rs 84-crore public issue on January 2. The issue was opened on December 26 with price band of Rs 164-174 per share.

Meanwhile, total 11 new companies are scheduled for debut on the bourses including one from the mainboard segment which is Gujarat Kidney & Super Speciality, the mid-sized multispeciality hospital chain based in Gujarat, listing on December 30. The Rs 251-crore offer closed with 5.21 times subscription on December 24.

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In the SME segment, Dachepalli Publishers shares will be available for trading on the BSE SME effective December 30, while on the same day, Shyam Dhani Industries, Sundrex Oil Company, and EPW India will list on the NSE Emerge.

Shyam Dhani Industries IPO shares attracted a massive 100 percent premium in the grey market, while Dachepalli Publishers, and EPW India shares saw moderate premium, but Gujarat Kidney & Super Speciality, and Sundrex Oil Company IPO shares have not attracted any premium, the market observers said.

Further, Dhara Rail Projects will make its debut on the NSE Emerge effective December 31, while the trading in Admach Systems, Nanta Tech, Bai Kakaji Polymers, and Apollo Techno Industries shares will commence on the BSE SME on the same day.

According to market observers, Dhara Rail Projects and Apollo Techno Industries IPO shares traded at 14 percent and 9 percent premium, respectively, in the grey market, while there was moderate premium for Admach Systems, Nanta Tech, Bai Kakaji Polymers shares.

E to E Transportation Infrastructure will also commence trading next week on the NSE Emerge, effective January 2. After the first day of bidding i.e. December 26, its IPO shares attracted 83 percent premium in the grey market.