7 IPOs to open for subscription, 12 listings scheduled next week


The upcoming week starting May 13 is going to be extremely busy for the primary market with more action in the SME segment compared to the mainboard despite negative sentiment in the secondary market. A total of seven IPOs will come on Dalal Street next week, in which 12 companies will enter the stock market.

These seven companies are planning to raise Rs 2,765.87 crore through their initial share sale, which also includes 6 companies from the SME segment.

Meanwhile, the benchmark indices – BSE Sensex and Nifty 50 declined 3.7 per cent each from their record highs, while the Nifty Midcap 100 and Smallcap 100 indices declined 4.6 per cent and 6.6 per cent, respectively. It seems that the market has become cautious ahead of the general election results on June 4 and valuation concerns may also impact the market sentiment.

The insurance company is set to open its initial public offering for subscription on May 15 with a price band of Rs 258-272 per share. This offer will close on 17th May.

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The Bengaluru-based company intends to raise Rs 2,614.65 crore through the IPO, which includes issuance of fresh shares worth Rs 1,125 crore and an offer for sale (OFS) of 5.47 crore equity shares worth Rs 1,489.65 crore, including to existing shareholders. Promoter Go Digit Infoworks Services.

Veritas Advertising IPO

The advertising agency's Rs 8.48 crore initial public offering will hit the Street on May 13 with a price band of Rs 109-114 per share.

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Veritas has raised Rs 1.98 crore through anchor book before the opening of the IPO i.e. on May 10.

The last date of the issue will be May 15.

Mandeep Auto Industries IPO

The auto subsidiary is set to launch its Rs 25.25 crore maiden public offering for subscription on May 13, and the closing date will be May 15.

It is a fixed-price issue, with an offer price of Rs 67 per share.

Indian Emulsifier IPO

The specialty chemicals manufacturing company is also going to open its Rs 42.39 crore IPO on May 13 with a price band of Rs 125-132 per share.

The public issue, which involves only a fresh issue component, will be open for four days till May 16.

Quest Laboratories IPO

The pharmaceutical company's first public issue will be the fourth company in the SME segment to open for subscription on May 15. The book-built public issue will close on May 17.

The price band for the IPO has been fixed at Rs 93-97 per share. The Madhya Pradesh-based company aims to raise Rs 43.16 crore through an initial share sale of 44.49 lakh equity shares at the upper price band.

HOAC Foods India IPO

The food products company with 10 exclusive brand outlets is all set to hit the road with its Rs 5.54 crore public offering on May 16. Investors can participate in the fixed price issue till May 21.

The issue price has been fixed at Rs 48 per share.

With a manufacturing facility in Gurugram, the company sells flour, herbs and spices, unpolished pulses, grains and yellow mustard oil in and around Delhi-NCR.

Rulka Electricals IPO

The electrical and fire-fighting solutions company will also open its maiden public offering during the same period i.e. May 16-May 21. The price band for the book-built issue has been fixed at Rs 223-235 per share.

The Mumbai-based company plans to raise Rs 26.4 crore through an IPO of 11.23 lakh equity shares at the upper price band. The IPO is a mix of a fresh issue of 8.42 lakh equity shares by the company and an offer for sale of 2.8 lakh equity shares by Abhay Kantilal Shah HUF.

IPOs are closing next week

A total of five companies will close their IPOs in the coming week. Energy-Mission Machinery (India) will close its initial public offering on May 13, the last day to subscribe Piotex Industries, Aztec Fluids & MachineryAnd Premier Roadlines Public issues will be held on May 14.

ABS Marine Services It is going to close its initial share sale on May 15.

listing

Indgene, which provides digital-based commercialization services for the life sciences industry, will make its stock market debut on May 13 after receiving an overwhelming response to its public offering. The Rs 1,841.76 crore IPO was subscribed 69.91 times.

Also read: Indigene listing: The stock is expected to be listed on May 13 at a 40-65% premium to the IPO price

Travel distribution platform TBO Tech and affordable housing finance company Aadhar Housing Finance will also list their equity shares on the stock exchange next week on May 15. During May 8-10, the IPO of TBO was subscribed 86.70 times and that of Aadhar Housing Finance 25.49 times.

Before the listing, Indegene IPO shares were trading at over 60 per cent premium to the issue price of Rs 452 per share in the gray market, while TBO Tek shares were available at over 50 per cent premium to the IPO price of Rs 920 per share. Were. and Aadhar Housing Finance at an over 20 per cent premium to the offer price of Rs 315 per share, market observers said.

The gray market is an informal market for trading in IPO shares until listing.

Meanwhile, in the SME segment, there will be nine listings next week. Vinsol Engineers, and Refractory Shapes will debut on NSE Emerge and Finalist Technologies will debut on BSE SME on May 14, while Silkflex Polymers (India) will list its equity shares on NSE Emerge on May 15, and TGIF Agribusiness will list on BSE SME. On the same date.

Trading in Energy-Mission Machinery (India) will begin on May 16 on NSE Emerge, while Piotex Industries and Aztec Fluids & Machinery will make their debut on BSE SME on May 17. Premier Roadlines will also list its shares on NSE. Emerge on May 17th.

Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

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