The IPO calendar continues to be hectic as Dalal Street gears up for a busy week. Beginning Monday, October 27, five public issues—three mainboard and two SME offerings—will open for subscription. The highlight of the week include Lenskart IPO, Orkla India’s IPO, alongside SME issues from Jayesh Logistics and Game Changers Texfab.
Let’s take a look at what is lined up for investors next week –
Mainboard IPO
Orkla India IPO
Packaged foods giant Orkla India, best known for its popular kitchen brands MTR Foods and Eastern Condiments, is opening its Rs 1,667.54 crore initial public offering on October 29. The issue will close on October 31.
The IPO is a pure offer for sale (OFS), with no new shares being issued. Promoters Orkla Asia Pacific Pte Ltd, along with Navas Meeran and Feroz Meeran, will offload part of their holdings through this sale.
The price band has been fixed at Rs 695–730 per share. Leading investment banks including ICICI Securities, Kotak Mahindra Capital, Citigroup Global Markets India, and JP Morgan India are managing the issue, while KFin Technologies is the registrar.
Lenskart IPO
Eyewear giant Lenskart Solutions is gearing up for its much-awaited IPO, opening for public subscription on October 31 and closing on November 4. The company aims to raise around Rs 7,278 crore, valuing it at approximately Rs 72,719 crore.
According to the Red Herring Prospectus (RHP) filed with SEBI, the anchor investor portion will open on October 30, ahead of the public issue. The share allotment is expected to be finalised on November 6, while the listing on NSE and BSE is tentatively scheduled for November 10.
Studds Accessories IPO
Helmet maker Studds Accessories is also coming to the market with an offer for sale (OFS) of 0.78 crore shares. The issue is entirely secondary in nature, meaning the company will not receive any proceeds from the offer.
The IPO is expected open on October 30 and close on November 3. The Gurugram-based company, known for its two-wheeler helmets and accessories, will allow existing shareholders to partially offload their stakes through this issue.
SME IPOs
Jayesh Logistics IPO
Kolkata-based Jayesh Logistics will open its SME IPO on October 27, with subscriptions closing on October 29.
The company has fixed the price band at Rs 116–122 per share. The company aims to raise Rs 28.63 crore through a fresh issue of 23.47 lakh equity shares.
It operates in the logistics and supply chain management space. It offers integrated transport and smart logistics services.
Game Changers Texfab IPO
Another SME IPO opening next week is Game Changers Texfab. The IPO will open for subscription on October 28 and close on October 30. The company plans to raise Rs 54.84 crore through a fresh issue of 54 lakh shares.
The price band is set between Rs 96-102 per share. Proceeds from the IPO will be channelled toward working capital needs, capital expenditure, and general corporate purposes.
