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19 Nov 2024
The primary market is set to remain busy in the upcoming week starting August 19, despite the ongoing market consolidation. A total of seven IPOs, collectively worth Rs 929 crore, are scheduled to hit Dalal Street. These include two mainboard listings and five new companies making their debut on the exchanges.
Interarch Building Products IPO : Interarch Building Products, a provider of turnkey pre-engineered steel construction solutions, will launch its Rs 600-crore IPO on August 19, with a price band of Rs 850-900 per share. The offering consists of a fresh issue of shares worth Rs 200 crore and an offer-for-sale (OFS) of 44.47 lakh shares valued at Rs 400.29 crore, including a complete exit by investor OIH Mauritius, which holds 17.97 lakh shares. The IPO will close on August 21, with Rs 179.5 crore already secured through its anchor book on August 16.
Brace Port Logistics IPO : Brace Port Logistics, an ocean cargo logistics services provider, will open its Rs 24.41-crore IPO on August 19, with a price range of Rs 76-80 per share. The book-built issue will close on August 21.
Forcas Studio IPO : Forcas Studio, a men's clothing trader, will launch its IPO on August 19. The book-built issue, priced between Rs 77-80 per share, aims to raise Rs 37.44 crore through a fresh issue of 46.80 lakh shares.
QVC Exports IPO : QVC Exports, a Kolkata-based ferro alloys trader, will open its Rs 24.07-crore IPO on August 21, with a fixed price of Rs 86 per share. The IPO, closing on August 23, includes a fresh issue of 20.49 lakh shares worth Rs 17.63 crore and an OFS of 7.48 lakh shares valued at Rs 6.44 crore.
Ideal Technoplast Industries IPO : Ideal Technoplast Industries, a plastic packaging manufacturer, will launch its Rs 16.03-crore IPO on August 21, priced at Rs 121 per share. The IPO will close on August 23.
Resourceful Automobile IPO : Resourceful Automobile, a Yamaha two-wheeler dealer operating under the name Sawhney Automobile, will open its Rs 11.99-crore IPO on August 22. The offering of 10.24 lakh shares is priced at Rs 117 per share and will close on August 26.
Listings : Saraswati Saree Depot will be the only company from the mainboard segment listing next week on August 20. Its Rs 160-crore IPO, which saw a massive 107.52 times subscription during August 12-14, is expected to debut at around a 30 percent premium, according to grey market trends.
Four other listings will come from the SME segment. Sunlite Recycling Industries and Positron Energy will debut on the NSE Emerge on August 20, while Solve Plastic Products and Broach Lifecare Hospital will begin trading on the NSE Emerge and BSE SME, respectively, on August 21.
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