The primary market is reviving momentum following a sluggish start to the new financial year FY25, as nine new initial public offerings (IPOs) are set to debut on Dalal Street next week, despite it being the month of general elections.
Read More: Paytm Shares Fall 5% After President & COO Bhavesh Gupta Resigns
Additionally, four new listings are scheduled for the upcoming week, signaling heightened activity in the market. Among these, three new IPOs will open on the mainboard segment, while six others will launch on the small and medium enterprise (SME) segment, offering investors a diverse array of investment opportunities.
IPOs to Watch This Week
Indegene IPO
The Indegene IPO subscription window is scheduled to open on May 6, 2024, and will conclude on May 8, 2024. This book-built issue aims to raise Rs 1,841.76 crores. The IPO consists of a fresh issue of 1.68 crore shares valued at Rs 760.00 crores, along with an offer for sale of 2.39 crore shares totaling Rs 1,081.76 crores.
The Indegene IPO has set its price band at Rs 430 to Rs 452 per share. Kotak Mahindra Capital Company Limited, Citigroup Global Markets India Private Limited, J.P. Morgan India Private Limited, and Nomura Financial Advisory And Securities (India) Pvt Ltd are the appointed book running lead managers, while Link Intime India Private Ltd has been designated as the registrar for the issue.
Refractory Shapes IPO
The Refractory Shapes IPO subscription window will open on May 6, 2024, and will close on May 9, 2024. This book-built issue aims to raise Rs 18.60 crores, consisting solely of a fresh offering of 60 lakh shares.
The price band for the SME IPO has been established at Rs 27 to Rs 31 per share. Shreni Shares Limited has been designated as the book running lead manager for the Refractory Shapes IPO, with Bigshare Services Pvt Ltd appointed as the registrar for the issue. Moreover, Shreni Shares also serves as the market maker for the IPO.
Winsol Engineers IPO
The Winsol Engineers IPO subscription window is scheduled to open on May 6, 2024, and will close on May 9, 2024. This SME IPO, valued at Rs 23.36 crores, constitutes a book-built issue entirely comprised of a fresh offering of 31.15 lakh shares.
The price band for the SME IPO has been determined at Rs 71 to Rs 75 per share. Beeline Capital Advisors Pvt Ltd has been enlisted as the book running lead manager for the Winsol Engineers IPO, while Kfin Technologies Limited has been assigned as the registrar for the issue. Additionally, Spread X Securities has been designated as the market maker for the IPO.
Finelistings Technologies IPO
The Finelistings Technologies IPO subscription period will commence on May 7, 2024, and conclude on May 9, 2024. This IPO, valued at Rs 13.53 crores, is a fixed price issue consisting entirely of a fresh offering of 11 lakh shares.
The price band for the SME IPO has been fixed at Rs 123 per share. Fedex Securities Pvt Ltd has been designated as the book running lead manager for the Finelistings Technologies IPO, while Skyline Financial Services Private Ltd has been appointed as the registrar for the offering.
Read More: Amkay Products IPO allotment: How to check status online and other key details
TBO Tek IPO
The TBO Tek IPO is scheduled to open for subscription on May 8, 2024, and will remain open until May 10, 2024. This is a book-built issue aiming to raise Rs 1,550.81 crore. The offering includes a fresh issue of 0.43 crore shares, valued at Rs 400 crores, and an offer for sale of 1.25 crore shares, totaling Rs 1,150.81 crore.
The price band for the upcoming IPO has been set at Rs 875 to Rs 920 per share. Axis Capital Limited, Jefferies India Private Limited, Goldman Sachs (India) Securities Private Limited, and JM Financial Limited are serving as the book running lead managers for the TBO Tek IPO. Additionally, Kfin Technologies Limited has been appointed as the registrar for the issue.
Silkflex Polymers IPO
The Silkflex Polymers IPO subscription window is set to open on May 7, 2024, and will close on May 10, 2024. This SME IPO, valued at Rs 18.11 crores, is a fixed price issue comprising entirely of a fresh offering of 34.82 lakh shares.
Priced at Rs 52 per share, Shreni Shares Limited has been designated as the book running lead manager for the Silkflex Polymers IPO. Additionally, Bigshare Services Pvt Ltd has been appointed as the registrar for the offering. Moreover, Shreni Shares also serves as the market maker for the Silkflex Polymers IPO.
Aadhar Housing Finance IPO
The Aadhar Housing Finance IPO is set to open for bidding on May 8, 2024, and will conclude on May 10, 2024. This book-built issue aims to raise Rs 3,000 crore. The IPO comprises a fresh issue of 3.17 crore shares, amounting to Rs 1,000.00 crore, and an offer for sale of 6.35 crore shares, totaling Rs 2,000 crore.
The price band for the Aadhar Housing Finance IPO has been set at Rs 300 to Rs 315 per share. ICICI Securities Limited, Citigroup Global Markets India Private Limited, Kotak Mahindra Capital Company Limited, Nomura Financial Advisory And Securities (India) Pvt Ltd, and SBI Capital Markets Limited have been assigned as the book running lead managers for the IPO. Additionally, Kfin Technologies Limited has been appointed as the registrar for the issue.
TGIF Agribusiness IPO
The TGIF Agribusiness IPO subscription period is set to commence on May 8, 2024, and will conclude on May 10, 2024. This IPO, valued at Rs 6.39 crores, comprises a fixed-price offering entirely consisting of a fresh issue of 6.88 lakh shares.
Priced at Rs 93 per share, Hem Securities Limited has been assigned as the book running lead manager for the TGIF Agribusiness IPO. Furthermore, Bigshare Services Pvt Ltd has been appointed as the registrar for the issue. Additionally, Hem Finlease serves as the market maker for the TGIF Agribusiness IPO.
Energy Mission Machineries IPO
The Energy Mission Machineries IPO subscription window will open on May 9, 2024, and will close on May 13, 2024. This SME IPO, valued at Rs 41.15 crores, is a book-built issue comprising entirely of a fresh offering of 29.82 lakh shares.
Read More: How To Check Storage Technologies and Automation IPO Allotment
Priced in the range of Rs 131 to R 138 per share, Hem Securities Limited has been appointed as the book running lead manager for the Energy Mission Machineries IPO. Additionally, Bigshare Services Pvt Ltd has been designated as the registrar for the offering.
