The IPO frenzy is in full swing, and next week promises to be a busy one. Among the long list of upcoming IPOs, 4 new issues are set to raise more than Rs 2,500 crore next week.
Here are more details about the four key IPOs
Seshaasai Technologies IPO
Seshaasai Technologies is a multi-location solutions provider and specialises in payment solutions. It plans to mop up Rs 813.07 crore. The book-built issue is a combination of 1.13 crore fresh shares amounting to Rs 480 crore and an offer for sale of 0.79 crore shares totalling Rs 333 crore. The IPO will be open for bidding between September 23 and 25. The IPO price band has been set between Rs 402 and Rs 423 per equity share. IIFL Capital Services is the lead book runner, and MUFG Intime India is the registrar of the issue.
Anand Rathi Share and Stock Brokers IPO
Anand Rathi Share, a full-service stockbroker, will raise a sum of Rs 745 crore through the sale of 1.80 crore fresh shares. The IPO opens for subscription on September 23 and closes on September 25. The IPO price band is set at Rs 393 – 414 per equity share. Nuvama Wealth Management is the book-running lead manager, and MUFG Intime India is the registrar of the issue.
Atlanta Electricals IPO
The third biggest IPO is of Atlanta Electricals, which will be raising Rs 687.34 crore. The issue is a combination of 0.53 crore fresh shares amounting to Rs 400 crore and an offer for sale of 0.38 crore shares totalling Rs 287.34 crore. The issue will be opening for bidding on September 22. It will close on September 24. Atlanta Electricals set the price band between Rs 718 and Rs 754 per equity share. Motilal Oswal Investment Advisors is the book-running lead manager, and MUFG Intime India is the registrar of the issue.
Solarworld Energy Solutions
Solarworld Energy Solutions will be collecting a sum of Rs 490 crore from the primary markets via a combination of fresh issue and an offer for sale. The IPO will open for subscription on September 23 and close on September 25. Solarworld Energy Solutions set the price band from Rs 333 to 351 per equity share. Nuvama Wealth Management is the book-running lead manager for this issue as well, and MUFG Intime India is working as the registrar of the IPO.