The primary market is set to see a revival, with nine initial public offerings (IPOs) scheduled for next week on Dalal Street. Despite the ongoing general elections, there will be three IPOs in the mainboard segment and six in the SME segment as the financial year FY25 begins.
Here is the list of upcoming IPOs in Next week:
Indegene IPO
The Indegene IPO, a book-built offering, will open on May 6, 2024, and close on May 8, 2024, targeting to raise ₹1,841.76 crores. It includes 1.68 crore new shares worth ₹760.00 crores and an offer for sale of 2.39 crore shares totaling ₹1,081.76 crores, priced between ₹430 and ₹452 per share. Kotak Mahindra Capital, Citigroup, J.P. Morgan India, and Nomura are managing the IPO, with Link Intime India handling the registration.
TBO Tek IPO
General Atlantic-backed online travel platform TBO Tek is set for an IPO starting May 8 to May 10, with allotment on May 13 and listing planned for May 15. The anchor book will open on May 7. The IPO involves a fresh issue of ₹400 crore and an OFS of 1.25 crore shares. Lead managers include Axis Capital and Goldman Sachs, with Kfin Technologies as the registrar.
Aadhar Housing Finance IPO
Blackstone-supported Aadhar Housing Finance is set to initiate a ₹3,000-crore IPO on May 8, ending on May 10, with anchor investor bidding on May 7. The IPO comprises a fresh issue of ₹1,000 crore in shares and a ₹2,000 crore OFS by BCP Topco VII Pte Ltd, a Blackstone affiliate. BCP Topco owns 98.72% of Aadhar, while ICICI Bank holds 1.18%.
Refractory Shapes IPO
Refractory Shapes is launching an IPO, opening on May 6 and closing on May 9, with allotment set for May 10 and a listing on the NSE SME on May 14. The IPO, valued at ₹18.60 crore, comprises entirely of a fresh issue of 60 lakh shares, with a price range set between ₹27 and ₹31 per share.
Winsol Engineers IPO
The Winsol Engineers IPO, worth ₹23.36 crore, consists entirely of 31.15 lakh fresh equity shares. It opens for bidding on May 6 and concludes on May 9, with a price range of ₹71 to ₹75 per share and a minimum lot size of 1,600 shares. Allotment is expected on May 10, with a listing on NSE SME on May 14. Beeline Capital Advisors manages the IPO, with Kfin Technologies as
Finelistings Technologies IPO
Finelistings Technologies is set to launch its SME IPO on May 7, closing on May 9. This fixed price issue, valued at ₹13.53 crore, involves an entirely fresh issuance of 11 lakh shares, priced at ₹123 each. The IPO lot size is 1,000 shares. Fedex Securities is the lead manager, with Skyline Financial Services handling the registration.
Silkflex Polymers IPO
The Silkflex Polymers IPO, set to open on May 7 and close on May 10, 2024, is a fixed price SME offering of ₹18.11 crore, comprised solely of 34.82 lakh new shares priced at ₹52 each. Shreni Shares Limited is the lead manager and market maker, with Bigshare Services Pvt Ltd serving as the registrar for the IPO
TGIF Agribusiness IPO
The TGIF Agribusiness IPO, scheduled from May 8 to May 10, 2024, features a fixed-price issue valued at ₹6.39 crore, offering 6.88 lakh new shares at ₹93 each. Hem Securities Limited is the lead manager, and Bigshare Services Pvt Ltd is the registrar. Hem Finlease will act as the market maker for the IPO.
Energy Mission Machineries IPO
The Energy Mission Machineries IPO, an SME offering, is open from May 9 to May 13, 2024, totaling ₹41.15 crore with 29.82 lakh new shares. The price range is set between ₹131 and ₹138 per share. Hem Securities Limited manages the book-running, and Bigshare Services Pvt Ltd handles registration.
