The mood at the primary market remained strong despite volatility and consolidation in the secondary markets, as four IPOs are set to hit Dalal Street with fundraising plan of Rs 237 crore, while nine companies are scheduled to debut on the bourses in the coming week beginning February 12.
The mainboard segment will have only one IPO, and five companies scheduled for debut on the bourses, while in the SME segment, there will be three IPOs opening for subscription and four corporates making their debut.
The Haryana-based steel pipes and tubes manufacturer is set to launch its maiden public issue for subscription on February 13. The Rs 72-crore IPO, which will close on February 15, comprises only a fresh issue by the company.
The price band for the offer has been fixed at Rs 141-151 per share. The firm will utilise fresh issue proceeds mainly for working capital requirements, apart from general corporate purposes.
The car rentals and transportation services provider will be the first among four companies to hit the Street next week with a public issue of 64.41 lakh equity shares on February 12. The last date for bidding will be February 14.
Also read: SME IPO: Indian Emulsifier files draft papers for IPO with NSE
The transport company intends to raise Rs 94.68 crore through its initial public offering which consists of only a fresh issue. The IPO funds will be used primarily for working capital requirements, apart from general corporate purposes and issue expenses.
The price band for the offer is Rs 140-147 per share.
Thaai Casting IPO
The automotive ancillary company will be opening its maiden public issue for subscription between February 15 and February 19. The IPO comprises only a fresh issue of 61.3 lakh equity shares.
The Chennai-based corporate, which is planning to raise Rs 47.2 crore through its offer at the upper end of the price band of Rs 73-77 per equity share, will utilise funds for capital expenditure and general corporate purposes.
Kalahridhaan Trendz IPO
This will be the last IPO next week coming out with a public issue of 49.98 lakh equity shares on February 15. The last date for bidding will be February 20.
It is a fixed price issue of Rs 22.49 crore, with a price of Rs 45 per share. The textile company is going to utilise IPO proceeds for working capital requirements and general corporate purposes.
Meanwhile, solar panels maker Alpex Solar and Ahmedabad-based Rudra Gas Enterprise, engaged in the pipeline projects for city gas distribution, will be closing their public issues on February 12, while the last date for Polysil Irrigation Systems IPO will be February 13.
In the mainboard segment, healthcare products distribution company Entero Healthcare Solutions will be closing its Rs 1,600-crore initial public offering on February 13.
Listings
Kolkata-based hotel chain Apeejay Surrendra Park Hotels will be the first, from the mainboard segment, to debut on the bourses next week on February 12. The Rs 920-crore IPO was subscribed 59.66 times during February 5-7.
Information and communication technology products distributor Rashi Peripherals as well as Jana Small Finance Bank and Capital Small Finance Bank will list equity shares on the BSE and NSE on February 14, while Entero Healthcare Solutions shares will be available for trading on the exchanges with effect from February 16.
The Rashi Peripherals IPO was subscribed 59.71 times during February 7-9, while the IPOs by Jana Small Finance Bank and Capital Small Finance Bank were booked 18.5 times and 4 times during the same period.
In the grey market, Park Hotels shares traded at around 23 percent premium over the issue price of Rs 155 per share, while Rashi Peripherals and Jana Small Finance Bank shares were available with around 25 percent and 10 percent premium over the upper price band (Rs 311 and Rs 414 per share) respectively, but Capital Small Finance Bank IPO saw the modest premium of 4-5 percent amongst them, the market observors said.
Also read: Hyundai picks JP Morgan, Citi and HSBC as advisors for mega IPO of India arm
Further, in the SME segment, Italian Edibles is set to list shares on the NSE Emerge on February 12. Alpex Solar, too, will debut on the same platform, on February 15, and Polysil Irrigation Systems on February 16, while the trading in Rudra Gas Enterprise will commence on the BSE SME on February 15.
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