After a hectic few weeks, the primary market will take a breather next week with no new mainboard issues scheduled next week. However, in the SME segment, there are three companies launching their IPOs.
Apart from these, the Street will see listings of 12 IPOs including that of KRN Heat Exchanges, which received a massive subscription of over 200 times.
The next few months are going to be exciting for investors with some big companies likely to hit the public markets. These include, Hyundai Motor, Swiggy, Waaree Energies, NTPC Green, NSE among others.
Here’s what to look forward to on the IPO front next week
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Subam Papers IPO
The SME initial public offer (IPO) of Subam Papers will open for subscription on September 30 and be available for investors to bid till October 3.
The company has fixed a price band of Rs 144-152 per share, where investors can bid for 800 shares in one lot and in multiples thereafter.
Subam Papers is a manufacturer of Kraft Paper and paper products. The company uses waste paper as a raw material. As of March 2024, the installed capacity for Kraft Paper was 300 metric tons per day (MTPD), resulting in a total annual capacity of 93,600 tons.
Gretex Corporate Services is the book running lead manager of the IPO, while Bigshare Services is the registrar.
Paramount Dye Tec IPO
The SME IPO of Paramount Dye will open for subscription on September 30 and close on October 3. The company has fixed a price band of Rs 111-117 per share.
Paramount Dye Tec produces yarns by recycling waste synthetic fiber, catering to the B2B segment of the textile industry. The company offers a range of products, including synthetic fiber and yarns such as acrylic, polyester, nylon, wool, hand-knitting, and acrylic blend yarns, known for their quality, durability, and lasting excellence.
Gretex Corporate Services is the book running lead manager for the IPO and Bigshare Services is the registrar.
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NeoPolitan Pizza and Foods IPO
The IPO of NeoPolitan Pizza and Foods will kick-off from September 30 and close on October 4. The issue is completely a fresh equity sale of 60 lakh shares.
The issue is priced at Rs 20 at the upper end and investors can bid for 6,000 shares in one lot.
Turnaround Corporate Advisors is the book running lead manager for the IPO, while Bigshare Services is the registrar.
