The upcoming truncated week will see a lot of activity in the primary market, as four IPOs will open registration and five new companies will be added to exchanges.
Manufacturer of molded polymer products Pyramid Technoplast is the only motherboard IPO company, the auction will start on August 18, with prices ranging from Rs 151-166 per share. The Anchor Book will be open for one day on August 17.
The company plans to raise Rs 153.05 crore through its initial public offering, which includes a new equity issue of Rs 91.3 crore and an offer to sell at Rs 61.75 from the home. promote Credence Financial Consultancy LLP.
The proceeds will be used to pay off some outstanding debts and finance the company’s working capital needs. The offer will end on August 22. The stock market will remain closed on August 15 for Independence Day, while the currency market will remain closed on August 15 as well as August 16. for New Year Parsi.
Besides Pyramid, TVS Supply Chain Solutions, part of TVS Mobility Group, will close its IPO worth Rs 880 billion on August 14. of 2.51 core shares. Additionally, SBFC Finance, the MSME-focused non-banking finance company, will launch on August 16, and biopharmaceutical company Concord Biotech will list on August 18, in line with the IPO schedule. . SBFC Finance IPO shares traded at around 50-60% premium over the premium price of Rs 57 per share and Concord Biotech at a premium of around 18% above the IPO price above Rs 741 /shares, gray market, analysts said on condition of anonymity. Gray Market is an unofficial trading platform for IPO shares, which can be bought and sold until listing.
The gray market premium appears to have been affected by the recent market correction, as it has fallen from around 70% previously in the case of SBFC Finance and 22% for Concord Biotech.
small and medium business segment
The SME segment will remain busier than motherboards as we will have three IPOs as well as three listings on the SME platform.
Diamond and jewelry maker Shoora Designs will open a Rs 2 billion issuance for registration on August 17, consisting of only one new issue, with an issue price of Rs 48 per share. The Company will use the proceeds from the issuance to supplement working capital and general corporate purposes. The last day of the offer will be August 21.
EPC services company Bondada Engineering and agrochemical formulation manufacturer Crop Life Science will both launch their first public offering on August 18, and the closing date will also remain the same August 22.
Bondada Engineering intends to raise Rs 42.72 crore through the public offering of 56,96 lakh shares, priced at Rs 75 per share, while Crop Life plans to raise Rs 26.73 crore per share. through an IPO of Rs 51.4 lakh shares, priced at Rs 52. per share. Both are fixed prices.
In addition, Shelter Pharma will end the offering on August 14. The offer in the last two days has been registered more than 3 times.
On the listing front, IT solutions and consulting service provider Yudiz Solutions and Gujarat-based healthcare organization Sangani Hospitals will launch on SME NSE on August 17, while home appliance maker Flavors and Flour Srivari Spices and Foods, based in Telangana, will also list on the NSE. PME on August 18. Among them, shares of Srivari Spices and Foods have attracted a maximum gray market premium of around 70% to the expected final issue price of Rs 42/share, while Yudiz Solutions traded with a premium of Rs 42/share, about 10% of the IPO price, analysts say at Rs 165/share, and Sangani Hospital shares are available at a single-digit premium compared to The asking price is Rs 40/share.
