Upcoming IPOs this week: 2 mainboard and 9 SME IPOs to open, check issue size, price band, IPO allotment

September has been a hectic month for the primary markets and this week is no exception. Nearly 10 IPOs are set to launch in the last week of September. There will be two IPOs in the mainboard segment and eight in the SME category. The mainboard IPOs are expected to raise a total of Rs 493 crore and the SME IPOs will be collecting Rs 393.3 crore. Here’s a list of Mainboard and SME IPOs that investors need to keep on their radar- 

Mainboard IPOs

Manba Finance

The company will open the issue to the investors on September 23. Manba Finance will collect Rs 150.84 crore in fresh capital. The company kept the IPO price band in a range of Rs 114 -120 per equity share. The company will close its IPO on September 25. A retail investor needs to apply for a minimum of Rs 15,000.

KRN Heat Exchanger 

The company will open its IPO to investors on September 25 and close on September 27.  KRN Heat Exchanger is expected to collect Rs 342 crore by selling 1.55 crore fresh shares. The allotment of shares is likely to be finalised on September 30. KRN Heat Exchanger and Refrigeration is the manufacturer of fin and tube-type heat exchangers. The company manufactures copper and aluminium fins, copper tube heat exchangers, water coils, condenser coils, and evaporator coils. The company kept the IPO price band between Rs 209 to Rs 220 per equity share.

SME IPOs

WOL 3D India

The SME IPO will open to investors on Monday, September 23 and close on September 25. The company wants to collect Rs 25.56 crore through a combination of fresh shares and an offer for sale. The listing will take place on the NSE SME platform on September 30, as per the tentative schedule. The company kept the IPO price band in a range of Rs 142 to Rs 150 per equity share. 

Rappid Valves (India)

The company wants to collect Rs 30.41 crore by selling 13.7 lakh fresh equity shares. Rappid Valves is engaged in the manufacturing of Valve solutions. The company offers various valves, including globe, ball, gate, butterfly, filter, check, double block, and marine valves. The company will open the subscription on September 23 and close on September 25. The listing will likely be on the NSE SME platform on September 30. The company set the IPO price band between Rs 210 to Rs 222 per equity share. 

TechEra Engineering 

The company will open its IPO to investors on September 25 to raise fresh capital worth Rs 35.90 crore. The IPO will close on September 27. The allotment of shares is likely to be finalised on September 30, with the listing to be on the NSE SME platform on October 03. The company kept the IPO price band in a range of Rs 75 to Rs 82 per equity share. 

Unilex Colours and Chemicals 

The SME company will open its IPO on September 25 and close on September 27 to raise a sum of Rs 31.32 crore. The book-built issue includes the sale of 36 lakh fresh shares. The listing of Unilex Colours and Chemicals on the NSE SME platform is expected to be on October 03. The company kept the IPO price band in a range of Rs 82 to Rs 87 per equity share. 

Thinking Hats Entertainment Solutions 

The book-built issue of Rs 15.09 crore will open its IPO to the public on September 25 and close on September 27. The company will sell 34.29 lakh fresh shares in the issue. The company’s shares will hit the bourses on October 03 on the NSE SME platform, as per the tentative schedule. The company kept the price band in a range of Rs 42 to Rs 44 per equity share. A retail application needs a minimum investment of Rs 1,32,000. 

Divyadhan Recycling Industries 

The company will open its book-built issue of Rs 24.17 crore on September 26. The SME IPO will close on September 30 by selling 37.76 lakh fresh shares. The company’s share will start trading in the secondary market from October 04 onwards, as per the tentative schedule. The company kept the IPO price band in a range of Rs 60 to Rs 64 per equity share. 

Sahasra Electronics Solutions 

The SME company will offer its book-built issue of Rs 186.16 crore on September 26 via an offer for sale and sale of fresh shares. The IPO will close for subscription on September 30. The allotment of shares is likely to be finalised on October 01 while the listing is expected to be on October 04 on the NSE SME platform, as per the tentative schedule. Sahasra Electronics Solutions set the price band in a range of Rs 269 to Rs 283 per equity share. 

Forge Auto International 

The company, which will be listed on the NSE SME platform, will open its IPO to investors on September 26 and close on September 30. The company wants to raise a total of Rs 31.10 crore through a sale of 28.8 lakh fresh shares. As per the tentative schedule, the company’s shares are expected to hit the D-Street on October 04. It kept the IPO price band between Rs 102 to Rs 108 per equity share. 

Saj Hotels 

The company opened its IPO to investors for bidding on September 27 and closes on October 01 to collect a sum of Rs 27.63 crore through sale of 42.5 lakh fresh shares. The allotment of shares is expected to be on October 03 and listing on the NSE SME platform on October 07, as per the tentative schedule. The company set a fixed price band of Rs 65 per equity share.