Market action: Five IPOs to open for subscription this week, four companies scheduled for listing

Epack Durable IPO, Medi Assist Healthcare Services IPO to hit Dalal Street next week

The market participants will have more options for investment in terms of IPOs starting January 15 as a total of five IPOs are scheduled to be open for subscription.

These five companies are planning to raise Rs 1,680.72 crore through IPOs, including only the fresh issue component of Epack Durable IPO and not the offer-for-sale (OFS) part. Epack is yet to announce its IPO price band and then only the total issue size will be known.

Medi Assist Healthcare Services IPO

The Medi Assist Healthcare Services IPO would be the first to hit Dalal Street in the coming week from the mainboard segment, opening for subscription from January 15 to January 17. The price band has been fixed at Rs 397-418 per share.

The Bessemer India Capital-backed health insurance third-party administrator intends to raise Rs 1,171.6 crore through an IPO which comprises only an offer-for-sale (OFS) of 2.8 crore equity shares by several existing shareholders, including promoters Vikram Jit Singh Chhatwal, Bessemer Health Capital LLC, and Medimatter Health, and investor Investcorp Private Equity Fund I.

Also read: Medi Assist Healthcare Services IPO: Anchor investors buy Rs 351 crore of shares

Epack Durable IPO

The second will be Epack Durable IPO which will open for subscription on January 19 and the last day for bidding will be January 23. The price band will be announced by the company in the next couple of days.

The IPO by the Uttar Pradesh-based room air conditioner original design manufacturer is a mix of fresh issue of shares worth Rs 400 crore, and an offer-for-sale of 1.04 crore equity shares by promoters and investors.

Maxposure IPO

This will be among the three IPOs hitting the street in the small and medium enterprise (SME) segment. The personalised media and entertainment services provider will open its Rs 20.26-crore public issue from January 15-17, with a price band of Rs 31-33 per share.

The Maxposure IPO comprises only a fresh issue component of 61.4 lakh equity shares.

Konstelec Engineers IPO

Konstelec Engineers, the Mumbai-based engineering, procurement and construction/commissioning contractor, will be the second public issue from the SME segment, opening on January 19 and closing on January 23.

The company that offers full EPC services aims to raise Rs 28.70 crore through an initial public offering of 41 lakh equity shares, comprising only a fresh issue portion, at the upper end of the price band of Rs 66-70 per share.

Addictive Learning Technology IPO

Delhi-based Lawsikho IPO is also set to open for subscription on January 19, with a price band of Rs 130-140 per share. The last date for bidding in the book-built public issue will be January 23.

The Ramanuj Mukherjee and Abhyudaya Sunil Agarwal-promoted company is planning to mop up Rs 60.16 crore via IPO which is a mix of fresh issue of 41.37 lakh equity shares and an offer-for-sale of 1.6 lakh equity shares.

Meanwhile, among others, New Swan Multitech IPO and Australian Premium Solar (India) IPO will be closing for subscription on January 15, while investors can subscribe to Shree Marutinandan Tubes IPO till January 16. So far, these IPOs have been subscribed 55.2 times, 64.58 times and 4.9 times, respectively.

Listing

In the mainboard segment, Rajkot-based CNC machines manufacturer Jyoti CNC Automation will list its equity shares on the bourses on January 16 after witnessing healthy subscription numbers of 38.6 times during January 9-11. The Rs 1,000-crore public issue shares traded at around 13-15 percent premium over the upper price band (Rs 331 per share), in the grey market, an unofficial platform for trading in the IPO shares till the listing, analysts on anonymity said.

Also read: Exclusive: RDC Concrete plans to go public next year with valuation up to Rs 4,000 crore

Apart from this, IBL Finance will be listing its equity shares on the NSE Emerge on January 16, which in fact will be the first listing from the SME segment, while New Swan Multitech and Australian Premium Solar will debut on the BSE SME and NSE Emerge respectively, on January 18. The IBL Finance IPO was subscribed 16.2 times during January 9-11.

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