Theranautilus Secures $1.2 Mn in Seed...
19 Nov 2024
Despite volatility and consolidation in the secondary market, the primary market remains busy with five IPOs set to launch in the upcoming week, starting August 12. Additionally, three companies will make their debut on the stock exchanges.
The benchmark indices faced another week of correction, with the Nifty 50 dropping 1.4%, and broader markets also experiencing pressure, as evidenced by a 1.3% decline in the Nifty Midcap 100 index.
The mainboard segment will see Saraswati Saree Depot launching its IPO on August 12. The company is aiming to raise Rs 160.02 crore with a price band of Rs 152-160 per share. The funds will be utilized for working capital and general corporate purposes, with the issue closing on August 14.
Four IPOs from the SME segment will also be available, starting with Positron Energy on August 12. The company plans to raise Rs 51.21 crore with a price band of Rs 238-250 per share, closing on August 14.
Sunlite Recycling Industries will open its Rs 30.24-crore IPO on August 12, with a price band of Rs 100-105 per share. The issue will close on August 14.
Broach Lifecare Hospital IPO
Broach Lifecare Hospital, operating under the Maple Hospitals brand, will launch its fixed-price issue on August 13, aiming to raise Rs 4.02 crore at Rs 25 per share, closing on August 16.
Solve Plastic Products will also open its Rs 11.85-crore IPO on August 13, with a fixed price of Rs 91 per share. The issue will close on August 16.
In addition, Aesthetik Engineers will close its Rs 26.47-crore IPO on August 12.
Brainbees Solutions, the operator of the FirstCry brand, and Unicommerce Esolutions will list on the BSE and NSE on August 13, with issue prices of Rs 465 and Rs 108 per share, respectively. FirstCry's IPO was subscribed 12.22 times, while Unicommerce's was subscribed 168.39 times.
Brainbees Solutions IPO shares were trading at a 10% premium, while Unicommerce shares saw a 50%+ premium in the grey market ahead of their listings.
Aesthetik Engineers will be the sole stock listing on NSE Emerge on August 16.
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