IPOs Next Week: Four New Public Issues and One Listing to Hit Primary Market

India IPO

Updated July 14, 2024

The upcoming week is likely to witness opening of three IPOs in the small and medium enterprise (SME) segment and one in the mainboard segment.

IPOs Next Week: Four New Public Issues and One Listing to Hit Primary Market

After a busy week, the primary market is gearing up for the launch of four new IPOs next week. This includes three IPOs in the SME segment and one in the mainboard segment.

Last week, the IPOs for Emcure Pharma and Bansal Wire Industries closed with strong investor interest. Mahavir Lunawat, Managing Director of Pantomath Capital Advisors Pvt. Ltd., noted a surge in IPOs driven by favorable market conditions, strong economic growth, and steady interest rates. He mentioned that 55 companies are set to raise ₹68,000 crore through IPOs in the coming months, with Sanstar Limited aiming to raise over ₹500 crores next week.

Upcoming IPOs:

Sanstar Limited IPO: Opens on July 19 and closes on July 23, aiming to raise ₹510.15 crore through a book-built issue. It includes a fresh issue of 4.18 crore shares worth ₹397.10 crore and an offer for sale of 1.19 crore shares worth ₹113.05 crore. The price band is set between ₹90 and ₹95 per share. Pantomath Capital Advisors Pvt Ltd is the lead manager, and Link Intime India Private Ltd is the registrar.

Tunwal E-Motors IPO: Opens on July 15 and closes on July 18, with a fixed price issue amounting to ₹115.64 crore. It consists of a fresh issue of 138.5 lakh shares worth ₹81.72 crore and an offer for sale of 57.5 lakh shares worth ₹33.93 crore. The IPO price is set at ₹59 per share. Horizon Management Private Limited is the lead manager, and Skyline Financial Services Private Ltd is the registrar.

Macobs Technologies IPO: Opens on July 16 and closes on July 19, aiming to raise ₹19.46 crore through a book-built issue comprising a fresh issue of 25.95 lakh shares. The price band is set at ₹71 to ₹75 per share. SKI Capital Services Limited is the lead manager, with Maashitla Securities Private Limited as the registrar.

Kataria Industries IPO: Opens on July 16 and closes on July 19, aiming to raise ₹54.58 crore through a book-built issue comprising a fresh issue of 56.85 lakh shares. The price band is set at ₹91 to ₹96 per share. Interactive Financial Services Ltd is the lead manager, and Bigshare Services Pvt Ltd is the registrar.

SAR Televenture FPO: Opens on July 22 and closes on July 24, aiming to raise ₹150 crore through a book-built issue of 71.43 lakh fresh shares. The price band is set at ₹200 to ₹210 per share. Pantomath Capital Advisors Pvt Ltd is the lead manager, with Link Intime India Private Ltd as the registrar.

New Listings:

Sahaj Solar Limited IPO: The allotment is expected to be finalized on Tuesday, July 16, 2024, with a tentative listing date on Friday, July 19, 2024, on the NSE SME.