The buzz in the primary market continues. The big bang Hyundai IPO listing is on October 22. That apart companies are looking to raise around Rs 11,000 crore and the key IPOs in focus this week include Waree Energies and Shaporji Pallonji Group’s Afcon Infrastructure IPO.
There will be a total of four IPOs in the mainboard segment and five in the SME category. The mainboard IPOs will raise a total of Rs 10,560 crore while the SME segment is targetting to raise around Rs 400 crore.
Mainboard IPO
Waaree Energies
The company aims to raise Rs 4,321.44 crore via a combination of a fresh issue of 2.4 crore shares and an offer for sale of 0.48 crore shares. The company’s shares were attracting a premium of more than 90% in the unofficial market, indicating a listing pop. The company will open bidding on October 21 and close it on October 23. The IPO price band ranged between Rs 1,427 to Rs 1,502 per equity share.
The listing will likely be on October 28. Axis Capital, IIFL Securities, Jefferies India, Nomura Financial Advisory And Securities (India), SBI Capital Markets, Intensive Fiscal Services, and ITI Capital are the lead book runners of the IPO.
Deepak Builders & Engineers
The IPO, which will open on October 21, will be raising a sum of Rs 260 crore through a combination of fresh shares and an offer for sale. The company’s shares were attracting a premium of 30% in the grey market, indicating gains on listing day.
The company will be making its secondary market debut on October 28. The company will close its IPO on October 23. The IPO price band ranges between Rs 192 to Rs 203 per equity share. Fedex Securities is the sole book-runner of the IPO and Kfin Technologies is the registrar for the issue.
Godavari Biorefineries
The company will open IPO on October 23 and close it on October 25. The company targets to raise Rs 554.75 crore through a combination of fresh shares and an offer for sale. The IPO [rice band ranges from Rs 334 to Rs 352 per equity share.
The company’s stocks were neither fetching a premium nor available at a discount. The company will likely hit the D-Street on October 30. Equirus Capital and SBI Capital Markets are the book-running lead managers and Link Intime India registrar for the issue.
Afcons Infrastructure
The company, opening its issue on October 25, will be closing the IPO on October 29. It aims to raise Rs 5,430 crore through a combination of fresh shares and an offer for sale. However, Shapoorji Pallonji’s IPO hasn’t announced the price band yet. The listing will likely take place in the first week of November.
ICICI Securities, Dam Capital Advisors (Formerly IDFC Securities), Jefferies India, Nomura Financial Advisory And Securities (India), Nuvama Wealth Management, and SBI Capital Markets are the book-running lead managers of the IPO. Link Intime India is the registrar for the issue.
SME IPOs
Premium Plast
The SEM IPO wants to raise 26.20 crore by selling 53.46 lakh fresh shares. Premium Plast IPO opens for subscription on October 21 and closes on October 23. The company will be listed on the NSE SME platform on October 28. The company set the price band between Rs 46 to Rs 49 per equity share.
Danish Power
The book-built issue of Rs 197.90 crore will open for subscription on October 22. The IPO closes on October 24. Danish Power will be listed on the NSE SME platform on October 29. It kept the price band in a range of Rs 360 to Rs 380 per equity share. The minimum amount of investment required by a retail investor is Rs 1,14,000.
United Heat Transfer
The SME IPO opens on October 22. The company wants to raise Rs 30 crore by selling 50.84 lakh fresh shares. The SME IPO closes on October 24. United Heat Transfer IPO will likely list on the NSE SME platform on October 29.
The IPO price band ranged between Rs 56 to Rs 59 per equity share. Swastika Investmart is the lead book manager and Link Intime India is the registrar for the issue.
OBSC Perfection
The SME company aims to raise a sum of Rs 66 crore. The company will launch its IPO on October 22 and close on October 24. The SME company will sell 66 lakh fresh shares. It is expected to be listed on the NSE SME platform on October 29. The company set the price band between Rs 95 to Rs 100 per equity share. Unistone Capital is the book-running lead manager and Bigshare Services is the registrar for the issue.
Usha Financial Services
The SME IPO is a book-built issue of Rs 98.45 crore. The company will raise fresh capital by selling 58.6 lakh shares. The IPO will launch on October 24 and closes on October 28. The listing on the NSE SME platform is likely to be on October 31.
The IPO price band ranges between Rs 160 to Rs 168 per equity share. Narnolia Financial Services and Unistone Capital are the book-running lead managers of the IPO. Skyline Financial Services is the registrar for the issue.
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