Upcoming IPOs: 8 SME Public Issues and Listings Scheduled for Next Week

India IPO

Updated July 21, 2024

Next week will see the opening of 8 new SME IPOs, including RNFI Services, SAR Televenture, VVIP Infratech, VL Infraprojects, Manglam Infra and Engineering, Chetana Education, Aprameya Engineering, and Clinitech Laboratory.

Upcoming IPOs: 8 SME Public Issues and Listings Scheduled for Next Week

The mainboard IPO market will remain quiet next week with no new issues scheduled to open. However, in the SME segment, around 8 companies are preparing to launch their initial public offerings (IPO). Although the mainboard IPO market will be quiet with no new issues, the SME segment is gearing up for significant activity. Here are the details of the upcoming IPOs:

- RNFI Services IPO :

Open from July 22-24, 2024. This book-built issue aims to raise ₹70.81 crore with a price band of ₹98-105 per share. Managed by Choice Capital Advisors Pvt Ltd and registered by Skyline Financial Services Private Ltd.

- SAR Televenture FPO :

Open from July 22-24, 2024. This book-built issue aims to raise ₹150 crore with a price band of ₹200-210 per share. Managed by Pantomath Capital Advisors Pvt Ltd and registered by Link Intime India Private Ltd.

- VVIP Infratech IPO :

Open from July 23-25, 2024. This book-built issue aims to raise ₹61.21 crore with a price band of ₹91-93 per share. Managed by Share India Capital Services Private Limited and registered by Maashitla Securities Private Limited.

- V.L. Infraprojects IPO :

Open from July 23-25, 2024. This book-built issue aims to raise ₹18.52 crore with a price band of ₹39-42 per share. Managed by Beeline Capital Advisors Pvt Ltd and registered by Skyline Financial Services Private Ltd.

- Manglam Infra and Engineering IPO :

Open from July 24-26, 2024. This book-built issue aims to raise ₹27.62 crore with a price band of ₹53-56 per share. Managed by Unistone Capital Pvt Ltd and registered by Bigshare Services Pvt Ltd.

- Chetana Education IPO :

Open from July 24-26, 2024. This book-built issue aims to raise ₹45.90 crore with a price band of ₹80-85 per share. Managed by Hem Securities Limited and registered by Link Intime India Private Ltd.

- Aprameya Engineering IPO :

Open from July 25-29, 2024. This book-built issue aims to raise ₹29.23 crore with a price band of ₹56-58 per share. Managed by Hem Securities Limited and registered by Link Intime India Private Ltd.

- Clinitech Laboratory IPO :

Open from July 25-29, 2024. This fixed-price issue aims to raise ₹5.78 crore with an issue price of ₹96 per share. Managed by Inventure Merchant Banker Services Pvt Ltd and registered by Bigshare Services Pvt Ltd.

Additionally, several companies are set to list next week:

- Sanstar IPO : Expected allotment on July 24, listing on July 26, 2024.

- Three M Paper Boards IPO : Finalized on July 18, listing on July 22, 2024.

- Prizor Viztech IPO : Finalized on July 18, listing on July 22, 2024.

- Sati Poly Plast IPO : Finalized on July 18, listing on July 22, 2024.

- Aelea Commodities IPO : Finalized on July 18, listing on July 22, 2024.

- Tunwal E-Motors IPO : Finalized on July 19, listing on July 23, 2024.

- Macobs Technologies IPO : Expected allotment on July 22, listing on July 24, 2024.

- Kataria Industries IPO : Expected allotment on July 22, listing on July 24, 2024.

These activities highlight the continued growth and dynamism within the Indian IPO market, driven by positive market sentiment and stable economic conditions following the recent elections.