Despite being an election month, nine initial public offerings (IPOs) are scheduled for Dalal Street next week, with major markets resuming activity after a slow start to the new financial year. In addition to publicly traded stocks, around four new listings are scheduled for next week.
The main markets are expected to launch three new IPOs in the mainboard sector and six new IPOs in the small and medium enterprises (SME) sector.
Also read: SK Finance files DRHP to SEBI for funding INR220 billion from IPO.Click here for details
“In the past four general election cycles since 2004, there has never been an IPO announced during May. Typically, the April-June period in recent years has been marked by election uncertainty. However, this trend is expected to change as three main board IPOs are set to launch next week, namely Indegene Limited, TBO Tek Limited and Aadhar Housing Finance, which are expected to raise 639.2 billion. It is expected.”
Here is the list of IPOs that are still open for subscription next week –
Indegene IPO
The Indegene IPO will begin offering on May 6, 2024 and close on May 8, 2024. This is a bookbuild issue and is intended for procurement purposes. INR184.176 billion. The IPO will consist of a combination of 1.68 billion newly issued shares, valued at INROffering of 760 million shares for a total of 2.39 billion shares INR1,081,760,000.
Also read: Indegene IPO opens next week.Upcoming IPO GMP, reviews, pricing and other details in 10 points
The price range for Indegene IPO is set below. INRFrom 430 INR452 shares per share. Kotak Mahindra Capital Company Limited, Citigroup Global Markets India Private Limited, JPMorgan India Private Limited and Nomura Financial Advisory & Securities (India) Private Limited are Indegene Link Intime India Private Limited has been appointed as book-running manager for the IPO. The registrar in question.
TBO Tech IPO
TBO Tek IPO will begin accepting subscriptions on May 8, 2024 and will end on May 10, 2024. INR1,550,810,000. The offering consists of a total of 43 million new shares issued. INRThe offering amount of 40 billion yen and 1.25 billion shares is INR1,150,810,000.
Also read: General Atlantic-backed TBO Tek IPO opens next week.Upcoming IPO GMP, price, size, reviews and other details
The price range for the upcoming IPO was determined as follows: INRFrom 875 INR920 yen per share. Axis Capital Limited, Jefferies India Private Limited, Goldman Sachs (India) Securities Private Limited and JM Financial Limited are the lead managers for his TBO Tek IPO and Kfin Technologies Limited has been appointed as the registrar for the issue.
Adar Housing Finance IPO
Aadhar Housing Finance IPO will open for bidding on May 8, 2024 and close on May 10, 2024. INR300 billion. His upcoming IPO combines a total of 3.17 billion newly issued shares. INROffering of 1 billion shares and 6.35 billion total shares INR200 billion.
Also read: Aadhar Housing Finance IPO price range set below INR300-315 per share. Issue released on May 8th
Price range is fixed INR300～ INR315 yen per share. ICICI Securities Limited, Citigroup Global Markets India Private Limited, Kotak Mahindra Capital Company Limited, Nomura Financial Advisory And Securities (India) Pvt Ltd and SBI Capital Markets Limited have been appointed as bookrunning lead managers for Aadhar Housing Finance IPO. Kfin Technologies Limited acts as the registrar in this matter.
IPO of refractory profiles
Refractory Shapes' IPO will begin accepting subscriptions on May 6, 2024 and close on May 9, 2024. INR186 billion shares, all consisting of 6 million new shares.
Also read: Refractories IPO: From price range to GMP – here's everything you need to know about small business public issues
The IPO price range for small and medium-sized companies is set as follows. INR27～ INR31 pieces per share. Shreni Shares Limited is acting as the book-running manager for his Refractory Shapes IPO and Bigshare Services Pvt Ltd has been appointed as the registrar for the issue. Additionally, Shreni Shares will act as a market maker for the Refractory Shapes IPO.
Winsol Engineers IPO
The Winsol Engineers IPO will open for subscriptions on May 6, 2024 and close on May 9, 2024. SME IPO is a published issue. INR23.36 billion shares, a completely new issue of 31.15 million shares.
Also read: Winsol Engineers' IPO price range is set as follows: INR71-75 per share.Small business IPO opens on May 6th
The IPO price range for small and medium-sized companies is set as follows. INRFrom 71 INR75 shares per share. Beeline Capital Advisors Pvt Ltd is acting as the bookrunning lead manager for the Winsol Engineers IPO and Kfin Technologies Limited is acting as the registrar for the issue. SpreadX Securities has been appointed market maker for Winsol Engineers IPO.
Finelisting Technologies IPO
Finelistings Technologies' IPO will begin offering on May 7, 2024 and close on May 9, 2024. An IPO is a fixed price issue. INR13.53 billion shares, 1.1 million completely new shares.
The IPO price range for small and medium-sized companies is set as follows. INR123 shares per share. Fedex Securities Pvt Ltd is acting as the bookrunning lead manager for his Finelistings Technologies IPO and Skyline Financial Services Private Ltd has been appointed as the registrar for the offering.
Silkflex polymer IPO
The Silkflex Polymers IPO will begin offering on May 7, 2024 and close on May 10, 2024. SME IPOs are fixed price issues. INR18.11 billion shares, 34.82 million completely new shares.
The price range is INR52 shares per share. Shreni Shares Limited is the Bookrunning Lead Manager for the Silkflex Polymers IPO and Bigshare Services Pvt Ltd has been appointed as the registrar for the offering. Additionally, Shreni Shares will also act as a market maker for the Silkflex Polymers IPO.
TGIF Agribusiness IPO
The TGIF Agribusiness IPO will begin offering on May 8, 2024 and close on May 10, 2024. This IPO will be a fixed price public offering. INR6.39 billion shares, a completely new issue of 6.88 billion shares.
IPO price range is fixed INR93 yen per share. Hem Securities Limited is the book-running manager for his TGIF Agribusiness IPO and Bigshare Services Pvt Ltd has been appointed as the registrar for the issue. Hem Finlease will act as market maker for the TGIF Agribusiness IPO.
Energy Mission Machinery IPO
Energy Mission Machineries' IPO will open for subscription on May 9, 2024 and close on May 13, 2024. SME IPO is a published issue. INR411.5 billion. The issuance is a completely new issue of 29.82 billion shares.
SME IPO price ranges are fixed as follows: INRFrom 131 INR138 shares per share. Hem Securities Limited is acting as the bookrunning lead manager for the Energy Mission Machineries IPO and Bigshare Services Pvt Ltd has been appointed as the registrar for the offering.
New property –
Storage Technology Rack and Roller IPO: The Storage Technologies Rack and Roller IPO allocation is expected to be finalized on Monday, May 6, 2024. The IPO will be listed on the BSE SME with a provisional listing date fixed at Wednesday, May 8, 2024.
Sai Swami Metals and Alloys IPO: Sai Swami Metals and Alloys IPO allotment is expected to be finalized on Monday, May 6, 2024. The SME IPO will be listed on the BSE SME and the provisional listing date is fixed at Wednesday, May 8, 2024.
Amkei Products IPO: The Amkay Products IPO allocation is expected to be finalized on Monday, May 6, 2024. The SME IPO will be listed on BSE SME with the provisional listing date fixed at Wednesday, May 8, 2024.
Slone Infosystems IPO: The Slone Infosystems IPO allocation is expected to be finalized on Wednesday, May 8, 2024. The IPO will be listed on NSE SME with a tentative listing date fixed at Friday, May 10, 2024.
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