The primary market will see big action in the week ahead starting July 29 as participants will get opportunities to invest in 10 initial public offerings including the much-awaited Ola Electric Mobility IPO, especially after the clouds of uncertainty passed with the announcement of the Union Budget.
The long-awaited IPO by the Softbank-backed company will finally hit Dalal Street on August 2, with a fresh issuance of equity shares worth Rs 5,500 crore, and an offer-for-sale (OFS) of 8.49 crore equity shares. The price band has been fixed at Rs 72-76 per share.
The Ola IPO will close on August 6, while the anchor book will be launched for a day on August 1. Founded in 2017, the Bengaluru-based electric vehicle maker will spend fresh issue proceeds mainly for capacity expansion of its cell manufacturing plant, repaying debt, research and product development, and organic growth initiatives.
The infrastructure construction company will open its IPO on August 1, which is a combination of fresh issue of shares worth Rs 617.7 crore and an OFS of 1.4 crore shares. Its anchor book will be opened for a day on July 31, while the issue will close for subscription on August 5.
Ceigall, which focuses on EPC and HAM projects, will utilise the fresh issue proceeds for the purchase of equipment and repaying debts. The price band of the issue is Rs 380-401 per share.
Akums Drugs and Pharmaceuticals IPO
The Rs 1,857-crore maiden public issue of the pharma company will open for subscription on July 30, while the bidding for its anchor book will take place for a day on July 29. The price band for the offer has been fixed at Rs 646-679 per share.
The final day for the IPO, which is a mix of fresh issuance of Rs 680 crore worth shares and an OFS of 1.73 crore shares worth Rs 1,176.7 crore, will be August 1. The contract development and manufacturing organisation will utilise the fresh issue funds for repaying debt, incremental working capital requirements, and inorganic growth initiatives through acquisitions.
Sathlokhar Synergys E&C Global IPO
The engineering, procurement and construction (EPC) services provider will open its Rs 93-crore public issue on July 30, with a price band of Rs 133-140 per share. The IPO will close on August 1.
The food-grade flexible intermediate bulk container bags maker will also launch its Rs 20.78 crore IPO on July 30 and the closing day for the same will be August 1. The price band for the issue has been fixed at Rs 100-105 per share.
Rajputana will be the third company to open its public issue during the same period - July 30-August 1, with a price band at Rs 36-38 per share.
The non-ferrous metal products maker aims to raise Rs 23.88 crore through its book-built issue at the upper price band.
The logistics company is set to hit Dalal Street with a Rs 52.66-crore maiden public issue on July 30 and will close the same on August 1.
The price band for the 36.57 lakh shares IPO has been fixed at Rs 136-144 per share.
The Jaipur-based ready-to-wear clothing company, offering premium ethnic and Western women's apparel under the brands - ANUTARRA and KIZI, is also going to launch its initial public offering on July 30. The subscription to the IPO will close on August 1.
Kizi is planning to raise Rs 5.58 crore at a price of Rs 21 per share. It is a fixed price issue.
All the above five SME public issues will comprise of only a fresh issue with no offer-for-sale component.
The Mumbai-based gold jewellery maker will open its Rs 69.5-crore maiden public issue on July 31, with a price band at Rs 104-110 per share. The book-built issue will close on August 2.
Dhariwalcorp IPO
The Jodhpur-based company that trades in waxes, industrial chemicals, and petroleum jelly has decided to open the subscription for its IPO on August 1, the first SME IPO in August.
The price band for the book-built issue has not been announced yet, but the company will be offering 23.72 lakh shares through its IPO comprising only a fresh issue.
IPOs Closing Next Week
Clinitech Laboratory, Aprameya Engineering, and Trom Industries will close their maiden public issues on July 29. All of them were opened for subscription on July 25.
Further, the IPOs by S A Tech Software India, and Esprit Stones, which launched on July 26, are set to close on July 30.
Listing
The SME (Small and Medium Enterprise) platform of the BSE and NSE will see 10 listings next week. RNFI Services will make its debut on July 29, while SAR Televenture, an already listed entity on the NSE Emerge, will see FPO shares debut on the same day.
Additionally, VVIP Infratech and VL Infraprojects will list their shares on July 30, while Manglam Infra and Engineering, and Chetana Education will debut on July 31.
The trading in Trom Industries, Aprameya Engineering, and Clinitech Laboratory shares will commence effective August 1, while the participants can start trading in Esprit Stones, and S A Tech Software India on August 2.
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