Momentum in the primary market is expected to pick up in the week commencing September 11, with six companies set to raise over Rs 4,000 crore from the public and five companies about to list.
Motherboard IPO
Wire and cable products company RR Kabel will be the first initial public offering in the motherboard segment, opening on September 13, at a price range of Rs 983 to Rs 1,035 per share promissory note. The company plans to raise Rs 1,964.01 crore through this offer, which includes fresh issues worth Rs 180 crore and an offer for sale (OFS) of 1.72 crore equity shares. . and private equity firm TPG Asia VII SF Pte Ltd (the company’s largest public shareholder). Bidding will end on September 15, while Anchor Book will open for one day on September 12.
Privately held hotel SAMHI will launch its IPO on September 14. The program ends on September 18. It includes new shares worth Rs 1,200 crore and an offer to sell 1.35 crore shares by three shareholders: Singapore-based investment firm Blue Chandra Pte Ltd, Goldman Sachs and GTI Capital Alpha.
While the price range is yet to be announced by Samhi Hotels, a rough calculation at Rs 126 per share at which Blue Chandra sold its 8.4% stake in the company last week at the latest, estimates scale. of the issue stood at Rs 1,370.1 crore. The public offering of Zaggle Prepaid Ocean Services, the fintech-SaaS company, will open for bidding from September 14 to 18. This will involve Rs 392 crore for fresh issues and an OFS of 1, 04 crore. The company, which provides cost management solutions to businesses, is yet to reveal the price range but the total issue size is pegged at Rs 563.38 crore if the offer price is considered to be Rs 164 per share, the price at which the pre-IPO placement was taken by the company in August.
Hygiene solutions company EMS will close its Rs 321.24 crore IPO on September 12. The offer opened at Rs 200-211 per share and received 3.71 crore subscriptions. times on its initial offering date on September 8. Founded in 2012, the company is in the business of providing water and wastewater collection, treatment and disposal services.
Mumbai-based hospital chain Jupiter Life Line Hospitals, in consultation with NSE, will finalize the basis for allotment of IPO shares by September 13.
Small and medium enterprise segment
Chavda Infra, which provides construction and allied services for residential and commercial projects in Gujarat, will be its first IPO in the SME segment next week, opening on September 12 at price Rs 60 at Rs 65 per share. The company plans to raise Rs 43.26 crore through the public issue, which closes on September 14, which includes fresh issue of only 66.56 lakh shares.
Electronics manufacturing services company Kundan Edifice will launch its initial public offering on September 12 and close on September 15. It plans to raise Rs 25.22 crore from the market at a price Rs 91 per share, including only fresh issuance by the company. Cellecor Gadgets, backed by the Tano Investment Opportunities Fund, managed by California-based alternative investment firm Tano Capital LLC, will be the third public offering in the SME segment. opens next week. It will open on September 15 at a price range of Rs 87-92 per share. The Delhi-based electronics manufacturer aims to raise Rs 50.77 crore through the IPO.
Three other public issues, from Meson Valves India, Jiwanram Sheoduttrai Industries and Unihealth Consultancy, will close on September 12. They were subscribed 7.9 times, 5.59 times and 1.19 times respectively on the first day of sale on September 8. Advertisement
Measuring and testing instrument maker Rishabh Instruments will launch on September 11 after closing the show last week with 31.65 crore registrations, while stainless steel products maker Ratnaveer Precision Engineering will also be listed on September 11. Ratnaveer has moved the listing date from September 14, in line with the IPO schedule. Its public broadcast was subscribed 94 times last week.
Ratnaveer’s IPO shares are currently available at a premium of about 50% in the gray market, compared to the issue price of Rs 98 per share, while Rishabh Instruments is trading at a premium of about 15% to The offer price is Rs 441/share. the analysts said on condition of anonymity.
The black market is an informal platform where IPO stocks can be bought and sold until listed. Among SMEs, Chennai-based visual effects studio Basilic Fly Studio will list its shares on NSE Emerge on September 11, also ahead of the September 13 listing date. has been subscribed 286.61 times.
Specialty chemicals and APIs trader Saroja Pharma Industries India and promotional marketing firm Pramara Promotions will also debut on NSE Emerge on September 13, according to the IPO calendar. Their IPOs were booked about 9 times and 26 times respectively.
