Will Dalal Street see another action-packed week as fresh IPOs hit the market? The answer seems to be yes. Starting September 8, the IPO calender line-up is led by Urban Company, Dev Accelerator and Shringar House of Mangalsutra, while as many as six SME firms are also ready to open their bidding. Let’s take a look at each of them –
Upcoming Mainboard IPOs
Urban Company IPO
The Gurugram-based Urban Company is gearing up for a Rs 1,900 crore IPO between September 10 – 12. The price band has been fixed at Rs 98 – 103 per share, with investors required to apply for a minimum lot of 145 shares. The issue includes a fresh equity sale worth Rs 472 crore and an offer for sale (OFS) component of nearly Rs 1,428 crore, with early backers like Accel India, Elevation Capital, Bessemer India, and Internet Fund V trimming their stakes.
The company plans to use the fresh capital for technology and cloud development, office rentals, marketing, and general corporate purposes.
Dev Accelerator IPO
Dev Accelerator, operating under the brand DevX, is tapping the markets with its Rs 143.35 crore IPO, open from September 10 to 12. The price band is set at Rs 56 to Rs 61 per share, with a lot size of 235 shares. The entire issue is a fresh equity sale, and no OFS component is involved.
The proceeds will go into new fit-outs, security deposits for upcoming centres, debt repayment, and corporate expenses.
Shringar House of Mangalsutra IPO
Adding sparkle to the IPO calendar, Shringar House of Mangalsutra will open its Rs 400.95 crore IPO from September 10 to 12. The company has set its price band between Rs 155 to Rs 165 per share, with a lot size of 90 shares. The issue is entirely a fresh equity sale with no OFS.
The Mumbai-based jewellery firm, established in 2009, specialises in crafting mangalsutras embellished with stones like American diamonds, pearls, cubic zirconia, and semi-precious gems.
Upcoming SME issue’s to watch
Krupalu Metals IPO
Opening between September 8 and 10, Krupalu Metals’ Rs 13.48 crore IPO is priced at Rs 72 per share.
Karbonsteel Engineering IPO
Karbonsteel Engineering will tap the market with its Rs 59.30 crore issue from September 8 to 10. The IPO is priced in the band of Rs 151 to Rs 159 per share.
Nilachal Carbo Metalicks IPO
Nilachal Carbo Metalicks is set to raise Rs 56.10 crore via its IPO that opens on September 8 and closes on September 10. With a price tag of Rs 85 per share, the company is focused on scaling up its steel and alloy business.
Jay Ambe Supermarkets IPO
Retail chain Jay Ambe Supermarkets will hit the market from September 9 to 11. The Rs 18.45 crore IPO is priced between Rs 74 to Rs 78 per share.
Taurian MPS IPO
Engineering player Taurian MPS will launch its IPO between September 9 and 11, raising Rs 42.53 crore. Shares are priced in the range of Rs 162 to Rs 171.
Airfloa Rail Technology IPO
The biggest among the SME lot is Airfloa Rail Technology, with a Rs 91.10 crore IPO opening on September 11 and closing on September 15. The issue is priced between Rs 133 to Rs 140 per share.
Listings to watch next week
The coming week will also be busy on the listing front, with several SME debuts lined up across exchanges.
September 8: Rachit Prints to list on BSE SME
September 9: Amanta Healthcare IPO debut
September 10: Optivalue Tek Consulting on NSE SME and Goel Construction on BSE SME
September 11: Austere Systems listing on BSE SME
September 12: Sharvaya Metals to list on BSE SME, while Vigor Plast makes its debut on NSE SME