The primary market is set to remain active in the second half of September with several mainboard initial public offerings (IPOs) lined up for subscription in the primary market.
The month has already seen a number of listings, including Urban Company, Shringar House of Mangalsutra, Dev Accelerator, Amanta Healthcare among others.
Seshaasai Technologies
The IPO of Mumbai-based Seshaasai Technologies will open on September 23 and close on September 25. The price band has been fixed at Rs 402–423 per share with a lot size of 35 shares. The issue size is Rs 812.86 crore.
Backed by Florintree Nextech, an investment platform of former Blackstone India executive Mathew Cyriac, the company provides payment, communication and fulfilment solutions, along with IoT offerings, largely catering to the BFSI sector. It is among the largest producers of cheque leaves in the country. The company has no listed peer.
Jaro Education
The Rs 450-crore IPO of Jaro Institute of Technology Management and Research will also be available for subscription between September 23 and 25. The price band has been set at Rs 846–890 per share with a lot size of 16 shares.
The company recently raised Rs 115.1 crore from 14 investors, including Abakkus, Singularity AMC and Subhkam Ventures. Founded in 2009, Jaro Education operates as an online higher education and upskilling platform with a presence across India through over 23 learning centres. It offers more than 120 programmes across domains. The company does not have a listed peer in India.
Solarworld Energy Solutions
Solarworld Energy Solutions will launch its Rs 490-crore IPO on September 23, closing on September 25. The price range has been fixed at Rs 333–351 per share.
Based in Uttar Pradesh, the company provides engineering, procurement and construction (EPC) services for solar power projects.
Anand Rathi Share and Stock Brokers
Mumbai-headquartered Anand Rathi Share and Stock Brokers will open its Rs 745-crore IPO on September 23. The issue will close on September 25, with the anchor book opening a day earlier on September 22. The price band has been fixed at Rs 393–414 per share.
The entire issue is a fresh offering, with no offer-for-sale component. The company has reserved shares worth Rs 10 crore for employees.
Anand Rathi to launch Rs 745 cr IPO on Sep 23, price band set at Rs 393-414 per share
Ganesh Consumer Products
Ganesh Consumer Products, a fast-moving consumer goods company, has set a price band of Rs 306–322 per share for its IPO. The issue, comprising a mix of fresh equity and an offer for sale by promoters, seeks to raise Rs 408 crore. Subscription will open on September 22 and close on September 24.
Atlanta Electricals
Atlanta Electricals, manufacturer of power, auto and inverter duty transformers, on September 17 said it will launch its initial public offering (IPO) on September 22 to raise Rs 687 crore.
The company has fixed a price band of Rs 718 to Rs 754 per share, valuing the company at roughly Rs 5,800 crore at the upper end.
iValue Infosolutions
Technology services & solutions aggregator iValue Infosolutions has mobilised Rs 168.08 crore from 11 institutional investors via anchor book on September 17, a day before the issue opening.
The Bangalore-based company will open its Rs 560-crore initial share sale on September 18, and close on September 22. The price band for the offer has been fixed at Rs 284-299 per share.
Jinkushal Industries
Chhattisgarh-based Jinkushal Industries, the exporter of customised and refurbished construction machines, has filed red herring prospectus (RHP) with the Registrar of Companies on September 15 as it is set to launch IPO at Dalal Street next week on September 25.
Saatvik Green Energy
Gurugram-based solar panels manufacturing company Saatvik Green Energy is set to launch its Rs 900-crore maiden public issue for subscription on September 19, while the price band for the offer will be disclosed on September 16.
Groww
Groww - India’s largest wealth-tech platform by active investors - has filed for Rs 6,000-7,000 crore initial public offering (IPO), potentially paving the way for one of the most profitable publicly listed startups in the country. The dates for the IPO have not been fixed yet, however, as per reports the company is eyeing November launch.
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