Primary market this week will see 10 initial public offerings including the much-awaited Ola Electric Mobility IPO. The IPOs by SA Tech Software India and Esprit Stones, which launched on July 26, are set to close on July 30.
SEBI has sent back IPO papers of Vishal Mega Mart and Avanse Financial Services Ltd on technical grounds. The companies are free to refile their prospectus. Vishal Mega Mart is supported by a consortium of Kedaara Capital and Partners Group. Avanse Financial Services Ltd is backed by Warburg Pincus.
IPO opens on July 30, 2024, closes on August 1, 2024
Akums Drugs and Pharmaceuticals’ Rs 1,857-crore maiden public issue 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, 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.
Bulkcorp International, the food-grade flexible intermediate bulk container bags maker will 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.
Ashapura Logistics, 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.
Kizi Apparels, the Jaipur-based ready-to-wear clothing company, offering premium ethnic and Western women’s apparel under the brands – ANUTARRA and KIZI, is 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.
Rajputana Industries will open its public issue during 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.
IPO opens on July 31, 2024, closes on August 2, 2024
Utssav Cz Gold Jewels, 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.
IPO opens on August 1, 2024, closes on August 5, 2024
Ceigall, 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.
Dhariwalcorp, 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 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.
Listing This Week
The SME platform of the BSE and NSE will see 10 listings week.
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 trading in Esprit Stones and SA Tech Software India will start trading on August 2.
