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19 Nov 2024
No new mainboard IPOs are scheduled for next week, but the SME segment will be bustling with about eight companies launching their IPOs..
The SME IPOs opening for subscription next week include RNFI Services, SAR Televenture, VVIP Infratech, VL Infraprojects, Manglam Infra and Engineering, Chetana Education, Aprameya Engineering, and Clinitech Laboratory.
Analysts believe the recent general election will boost the IPO market in the latter half of CY25. "Improved market sentiment and a stable economic environment encourage companies to launch public offerings.
The success of several listings in the first half of CY25 could further drive momentum," said Pantomath Capital Advisors. Promising sectors for potential IPOs in the second half of CY25 include consumer staples, discretionary, healthcare, and technology.
In addition to new offerings, eight companies will be listing, including Sanstar Ltd, debuting on July 26 after a positive IPO response.
RNFI Services and SAR Televenture:
Open on July 22, close on July 24. RNFI’s price band is Rs 98-105, aiming to raise Rs 70.81 crore. SAR Televenture’s IPO is priced at Rs 200-210, targeting Rs 150 crore.
VVIP Infratech and VL Infraprojects:
Open on July 23, close on July 25. VVIP Infratech’s price band is Rs 91-93. VL Infraprojects’ shares are priced at Rs 39-42.
Manglam Infra and Chetana Education:
Open on July 24. Manglam Infra’s IPO is priced at Rs 53-56, aiming to raise Rs 27.62 crore. Chetana Education is looking to raise Rs 45.9 crore with shares priced at Rs 80-85.
Aprameya Engineering and Clinitech Laboratory:
Open on July 15. Aprameya’s price band is Rs 56-58, while Clinitech Laboratory’s issue is priced at Rs 96 apiece.
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