The last week of August is turning into a festival for IPO watchers. Starting Monday (August 25), as many as ten companies will knock on Dalal Street’s doors with fresh issues, while more than half a dozen newly listed names prepare to ring the bell.
This means a packed calendar for investors with two big-ticket mainboard IPOs and also 7 SME offerings. Let’s take a look at each of the upcoming ipos this week–
Mainboard IPOs opening this week
Vikran Engineering
Vikran Engineering will open its Rs 772 crore issue on August 26. A Mumbai-based EPC player, the IPO is split between a fresh issue worth Rs 721 crore and a Rs 51 crore offer for sale from promoter Rakesh Ashok Markhedkar.
With a price band of Rs 92 to Rs 97 per share and a lot size of 148 shares, retail investors will need to put down at least Rs 13,616 to get in.
What makes Vikran Engineering’s IPO even more interesting is the grey market buzz. As of the latest, shares are trading at a premium of Rs 18, even before the issue opens. Subscription closes on August 29, with allotment likely by September 1.
Anlon Healthcare
Running alongside Vikran Engineering will be Anlon Healthcare, another mainboard issue, though of a much smaller size. The company plans to raise Rs 121 crore, entirely through fresh equity, with no promoter sell-off.
Priced between Rs 86 to Rs 91, the issue requires a minimum investment of Rs 14,104 for retail bidders. The money raised will go into expansion, debt reduction, and working capital.
Anlon’s issue also opens on August 26 and wraps up on August 29.
SME IPOs opening this week
If the mainboard is about size, the SME corner is about variety. Beginning August 25, the street will see one SME IPO after another.
NIS Management IPO
Opening on August 25, NIS Management is looking to raise about Rs 60 crore. The issue is split between a fresh offer of Rs 51.75 crore and an OFS of Rs 8.26 crore. With a price band of Rs 105 to Rs 111 per share, the manpower solutions provider will close subscriptions on August 28.
Globtier Infotech IPO
Also debuting on August 25, Globtier Infotech comes with a Rs 31.05 crore fixed-price issue. Shares are priced at Rs 72 apiece, and the offer includes both a fresh component and an OFS. The subscription window remains open till August 28.
Sattva Engineering Construction IPO
From August 26, investors can bid for Sattva Engineering Construction, which plans to raise Rs 35.38 crore. The issue will see the company issue 0.47 crore new shares in a price band of Rs 70 to Rs 75, closing on August 29.
Current Infraprojects IPO
Also launching on August 26 is Current Infraprojects, aiming for Rs 41.8 crore via fresh issuance. The company is offering 52.25 lakh equity shares at a band of Rs 76 to Rs 80, with bidding open till August 29.
Oval Projects Engineering IPO
Kicking off on August 28, Oval Projects Engineering is coming out with a fresh issue of 0.55 crore shares. While the company has yet to disclose its price band, the IPO will run till September 1.
Abril Paper Tech IPO
Paper manufacturer Abril Paper Tech will open its IPO on August 29, looking to mop up Rs 13.42 crore. This is a fresh issue only, with shares priced at Rs 61 each, and the offer will close on September 2.
Snehaa Organics IPO
Based out of Hyderabad, Snehaa Organics will also hit the market on August 29. The company seeks Rs 32.68 crore through a pure fresh issue, priced in the range of Rs 115 to Rs 122 per share. The subscription window runs till September 2.
Sugs Lloyd IPO
Wrapping up the SME wave will be Sugs Lloyd, a technology-driven engineering and construction company. The IPO, entirely a fresh issue worth Rs 85.66 crore, is priced between Rs 117 to Rs 123 per share. It opens on August 29 and will close on September 2.
Upcoming listing this week
Several companies that recently closed their IPOs will make their market debut this week. This includes –
August 25 (Monday): Studio LSD NSE SME will make its debut on Dalal street
August 26 (Tuesday): Vikram Solar IPO, Shreeji Shipping Global IPO, Patel Retail IPO, Gem Aromatics IPO, LGT Business Connextions BSE SME will make their debut.
August 28 (Thursday): Mangal Electrical IPO will join the market.
August 29 (Friday): ARC Insulation NSE SME is slated for listing