The upcoming week is set to be active in the primary market with six new public issues, including offerings in both the mainboard and small and medium enterprise (SME) segments and ten listings scheduled.
One initial public offering (IPO) will be open for bidding in the mainboard category. The SME segment will see five issues hitting Dalal Street in the same period. Together, these six issues aim to raise over ₹500 crore via IPOs.
The Securities and Exchange Board of India (Sebi) reviews 25 draft offer documents from various companies. Additionally, around 30 companies have received regulatory approval to raise funds totaling more than ₹30,000 crore, and another 40 companies have submitted their Draft Red Herring Prospectuses (DRHPs) for consideration.
The upcoming IPOs next week include:
1. BLS E-Services IPO
The BLS E-Services IPO is opening on January 30 and closing on February 1, this mainboard IPO aims to raise ₹310.91 crore through a fresh issue of 2.3 crore shares. The price band is ₹129 to ₹135 per share.
2. Megatherm Induction IPO
The Megatherm Induction IPO is scheduled from January 29 to January 31, this SME IPO seeks to raise ₹53.91 crores with a fresh issue of 49.92 lakh shares. The price band is ₹100 to ₹108 per share.
3. Harshdeep Hortico IPO
The Harshdeep Hortico IPO, also from January 29 to January 31, aims to raise ₹19.09 crores through a fresh issue of 42.42 lakh shares. The price band is set at ₹42 to ₹45 per share.
4. Mayank Cattle Food IPO
Mayank Cattle Food IPO opens from January 29 to January 31, this fixed price issue of ₹19.44 crores consists of a fresh issue of 18 lakh shares at ₹108 per share.
5. Baweja Studios IPO
Baweja Studios IPO is available from January 29 to February 1, this SME IPO is set to raise ₹97.20 crores through a combination of a fresh issue and an offer for sale.
6. Gabriel Pet Straps IPO
Gabriel Pet Straps IPO is opening on January 31 and closing on February 2, this SME IPO, a fixed price issue of ₹8.06 crores, involves a fresh issue of 7.98 lakh shares at ₹101 per share.
New listings for the week include EPACK Durable, Nova AgriTech, Qualitek Labs, Euphoria Infotech, Konstelec Engineers, Addictive Learning Technology, Brisk Technovision, Docmode Health Technologies, DelaPlex Limited, and Fonebox Retail Limited, with tentative listing dates ranging from January 29 to February 2 on various platforms such as BSE, NSE, and their SME segments.
