Like the secondary market which will be full of events this week starting from January 29, the primary market will also see a lot of action with six IPOs hitting the street and 10 companies scheduled for listings.
Six companies will be raising little more than Rs 500 crore through initial public offerings including one from the mainboard segment and the remaining from the SME segment.
New Delhi-based company BLS E-Services, a technology-enabled digital service provider, will open its maiden public issue on January 30, with a price band of Rs 129-135 per share.
The subsidiary of listed company BLS International Services is planning to raise Rs 310.9 crore through the offer which consists of only a fresh issue of 2,30,30,000 equity shares. The issue will close on February 1.
The induction heating and melting products manufacturer will float its public issue on January 29 at a price band of Rs 100-108 per share. It aims to raise Rs 53.91 crore through its book-built issue that will close on January 31.
The IPO comprises only a fresh issue of 49.92 lakh equity shares by the Kolkata-based company.
Harshdeep Hortico, the manufacturer and supplier of pots and planters, will also open its IPO for subscription from January 29-31. It targets to mobilise Rs 19.09 crore through the book-built issue of 42.42 lakh equity shares.
This offer also consists of only a fresh issue by the Maharashtra-based company. The price band for the issue has been fixed at Rs 42-45 per share.
Mayank Cattle Food is the third public issue opening and closing on the same dates, i.e. January 29-31.
The Gujarat-based oil company that manufactures cattle food, animal food, cattle food cake and edible oil intends to mop up Rs 19.44 crore through the fixed price issue of Rs 108 per share.
The subscription for Baweja Studios IPO, too, will start on January 29. This is the biggest IPO in size amongst the public issues opening this week.
The technology-based commercial films production company is planning to raise Rs 97.2 crore via an initial public offering which is a mix of a fresh issuance of shares worth Rs 72 crore, and an offer-for-sale of 14 lakh equity shares worth Rs 25.2 crore by promoter Harjaspal Singh Baweja.
The price band for the book-built issue, which will close on February 1, has been fixed at Rs 170-180 per share.
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Gabriel Pet Straps IPO
This will be the last among IPOs this week. The company that makes pet straps for heavy materials packaging will be opening its fixed price issue for subscription on January 31 and closing on February 2.
It intends to garner Rs 8.06 crore through its IPO for Rs 101 per share.
Further, three IPOs namely Fonebox Retail, DelaPlex, and Docmode Health Technologies will be closing this week on January 30. All were opened on January 25.
Listings This Week
Epack Durable, the original design manufacturer of room air conditioners, will list its equity shares on the bourses on January 30 after raising Rs 640 crore through IPO. The offer was subscribed 16.37 times during January 19-24.
Nova AgriTech, which makes soil health, plant nutrition and crop protection products, will be the second listing from the mainboard segment this week, on January 31. The company mopped up nearly Rs 144 crore via initial public offering which was subscribed 109.37 times during January 23-25.
Epack Durable IPO shares were available at around 5 percent premium over the issue price of Rs 230 per share in the grey market, while Nova AgriTech shares traded at more than 50 percent premium over the IPO price of Rs 41 per share, analysts on anonymity said.
Of the 10 listings planned for this week, eight will be from the SME segment. Qualitek Labs will debut on the BSE SME on January 29, while trading in Euphoria Infotech India shares will commence on the BSE SME on January 30.
Konstelec Engineers and Addictive Learning Technology shares will also be listed on the NSE Emerge on January 30.
Further, Brisk Technovision will be listing its shares on the BSE SME on January 31, while the listing of Fonebox Retail, DelaPlex and February Docmode Health Technologies shares will take place on the NSE Emerge on February 2.
The Qualitek Labs IPO was subscribed 56.01 times, and Brisk Technovision 44.8 times, while Euphoria Infotech India, Konstelec Engineers, and Addictive Learning Technology public issues had seen huge interest from investors, subscribing 364.71 times, 317.87 times, and 245.3 times, respectively.
Fonebox Retail, DelaPlex and Docmode Health Technologies IPOs saw subscriptions of 12.72 times, 2.76 times, and 2.45 times on their debut, i.e. January 25.
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