Wondering where the next investment opportunity might come from? This week’s IPO calendar could have the answer. With three new public issues opening for subscription and six companies set to make their market debut, the primary market is alive with action. From biotech to nonwoven manufacturing and alco-bev distribution, companies across sectors are stepping into the spotlight.
Let’s take a look at each of these issues and also the listing scheduled this week-
Three IPOs to open for subscription this week
Anthem Biosciences IPO
One of the biggest highlights of the week is the Rs 3,395 crore IPO by Anthem Biosciences. A mainboard offering, the subscription window for this issue will open on Monday, July 14 and is scheduled to close on Wednesday, July 16. This is a pure offer-for-sale (OFS), where no fresh capital is being raised. Instead, existing shareholders will offload 59.6 million equity shares. The price band for the issue is set between the range of Rs 540 to Rs 570 per share.
Talking of the company, it is a contract research, development, and manufacturing organization (CRDMO). It operates across the entire pharmaceutical value chain from drug discovery to commercial scale manufacturing. The shares are expected to list on July 21 on both the Indian bourses NSE and BSE.
The lead managers of this issue will be JM Financial, JP Morgan India, Nomura, Citigroup and the registrar is KFin Technologies.
Spunweb Nonwoven IPO
Next up is Spunweb Nonwoven. A SME issue, the IPO also opens on July 14 and closes on July 16. This Rs 60.98 crore issue is a fresh issue of 6.35 million equity shares. The price band is Rs 90 to Rs 96 per share.
The company plans to use the funds raised for working capital, loan repayment, and to invest in its wholly owned subsidiary, SIPL. The IPO is being managed by Vivro Financial Services, with MUFG Intime India as the registrar and Rikhav Securities as the market maker.
Monica Alcobev IPO
Opening mid-week on Wednesday, July 16, and closing on Friday, July 18, Monica Alcobev, is bringing a Rs 153.68 crore book-built issue to the SME platform. It consists of a fresh issue of 4.79 million shares and an offer-for-sale of 1 million shares. The price band has been set at Rs 271 to Rs 286 per share, with a lot size of 400 shares. Retail investors must apply for at least 800 shares, which translates to a minimum investment of about Rs 2.28 lakh.
Marwadi Chandarana Intermediaries is the lead manager, while MUFG Intime India is handling registrar duties. The shares are expected to be listed on the BSE SME platform on Wednesday, July 23.
Listings this week: Six companies ready to hit the bourses
Mainboard listings
Two mainboard companies are gearing up for their stock market debut this week.
- Travel Food Services, a major player in the food and beverage services space at airports and travel hubs, will list on Monday, July 11.
- Smartworks Coworking Spaces, known for flexible and managed office spaces across India, will make its market debut on Thursday, July 17.
SME Segment listings
The SME segment will remain busy with four companies listing this week. These include:
- Chemkart India and Smarten Power Systems – both set to list on Monday, July 14
- Glen Industries – scheduled to debut on Tuesday, July 15
- Asston Pharmaceuticals – expected to list on Wednesday, July 16