Eleven businesses will raise about Rs 6,500 crore of the Rs 7,500 crore via their mainboard public offerings.
With nine new firms making their bourse debuts and 28 initial public offerings (IPOs) hitting Dalal Street beginning next week commencing on September 22, the main market seems to be experiencing its busiest weekly schedule ever.
These 28 businesses are prepared to raise over Rs 7,500 crore, which includes over Rs 6,500 crore from 11 mainboard public offerings.
Next week, on September 22, Atlanta Electricals, a manufacturer of transformers, and Ganesh Consumer Products, an FMCG firm, will begin the mainboard segment’s IPO timetable. While the latter business plans to raise Rs 408.8 crore at the top end of the price range of Rs 306-322 per share, the former is seeking Rs 687.3 crore via an offer with a price range of Rs 718-754 per share.
This comes after the September 23 announcement of initial public offerings (IPOs) by four businesses: Seshaasai Technologies, Jaro Education, Solarworld Energy Solutions, and Anand Rathi Share & Stock Brokers.
Solutions for payments The biggest of these four initial public offerings (IPOs) is Seshaasai Technologies, which raised over Rs 813 crore with a price range of Rs 402-423 per share. Anand Rathi, a stock broker located in Mumbai, seeks to raise Rs 745 crore with a price range of Rs 393-414 per share.
For their Rs 490 and Rs 450 crore initial public offerings (IPOs), online higher education and upskilling platform Jaro Education and solar energy solutions provider Solarworld Energy Solutions have set price bands of Rs 333-351 and Rs 846-890 per share.
The other three businesses—BMW Ventures, Epack Prefab Technologies, and Jain Resource Recycling—are prepared to go public on Dalal Street on September 24.
Epack Prefab Technologies, a provider of pre-engineered steel building solutions, will receive Rs 504 crore from the IPO with a price range of Rs 194-204 per share, while Jain Resource Recycling, which recycles and manufactures non-ferrous metal products, is raising Rs 1,250 crore through its maiden public offering (IPO) with a price range of Rs 220-232 per share.
On Monday, BMW Ventures, a trader of steel goods, tractor engines, and spare parts, will reveal its pricing range and the precise amount of the offer.
Additionally, the last initial public offerings (IPOs) for next week are anticipated to be the construction equipment exporter Jinkushal Industries and the ethanol producer Trualt Bioenergy, which will debut on September 25. While the promoters will be selling 18 lakh shares via an offer-for-sale, Trualt is raising Rs 750 crore through a new issuance. The price band announcement on Monday will determine the entire size of their IPO.
Through its IPO, which will open with a price range of Rs 115–121 per share, Jinkushal hopes to raise Rs 116.15 crore.
Although the overall amount of funds raised is somewhat less than in the mainboard category, the number of initial public offerings (IPOs) in the SME market will be far larger. Next week, Prime Cable Industries will launch the initial public offerings (IPOs) of 17 SME firms, with Solvex Edibles being the first to market on September 22. The IPOs will total Rs 902-crore.
Systematic Industries, Justo Realfintech, Gurunanak Agriculture India, Riddhi Display Equipments, and Praruh Technologies are the next five companies to launch their initial public offerings (IPOs) on September 24. The other six companies, True Colors, NSB BPO Solutions, Ecoline Exim, BharatRohan Airborne Innovations, Matrix Geo Solutions, and Aptus Pharma, are scheduled to launch their IPOs on September 23.
Additionally, on September 25, Bhavik Enterprises, Chatterbox Technologies, and Telge Projects will launch their first public offerings. On September 26, DSM Fresh Foods will follow suit.
In addition to fresh initial public offerings (IPOs), the public offerings, which were launched last week by JD Cables, Siddhi Cotspin in the SME sector, and iValue Infosolutions, Saatvik Green Energy, and GK Energy in the mainboard segment, are scheduled to shut for subscription on September 22 and 23 of next week.
The subscription period for the aforementioned 28 IPOs will last for three working days.
Listings
In terms of listing, nine new businesses will be allowed to trade on the exchanges starting next week. There will be five new firms making their debuts in the mainboard area. Euro Pratik Sales, VMS TMT, and iValue Infosolutions will be the first to list their shares on the BSE and NSE on September 23 and 24, respectively. Saatvik Green Energy and GK Energy will start trading on the bourses on September 26.
On September 22, TechD Cybersecurity, Sampat Aluminium, JD Cables, and Siddhi Cotspin will trade on the SME markets.