Following a surge in IPO activity post the general election in June, the primary market will experience a brief pause next week, with no new issues in the mainboard segment. However, one SME IPO from Sahaj Solar is scheduled to open on July 11.
Despite this short hiatus, analysts remain optimistic about India’s IPO market, citing the country’s strong economic foundation and promising growth prospects as key factors for its continued success.
While there are no new mainboard public offerings this week, the market will still see the listings of Emcure Pharmaceuticals and Bansal Wire, both of which have attracted significant investor interest.
Here are the IPOs which will open for subscription this week –
Ambey Laboratories IPO
The Ambey Laboratories IPO opened for subscription on July 4, 2024, and will close on July 8, 2024. This book-built issue is valued at Rs 44.68 crores, consisting of a fresh issue of 62.58 lakh shares totaling Rs 42.55 crores, and an offer for sale of 3.12 lakh shares amounting to Rs 2.12 crores.
The Ambey Laboratories IPO has set its price band at Rs 65 to Rs 68 per share, with Fast Track Finsec Pvt Ltd acting as the book-running lead manager and Link Intime India Private Ltd appointed as the registrar. Nikunj Stock Brokers will act as the market maker for this IPO.
Effwa Infra and Research IPO
The Effwa Infra and Research IPO started its subscription on July 5, 2024, and will end on July 9, 2024. This book-built issue amounts to Rs 51.27 crores, comprising a fresh issue of 53.17 lakh shares totaling Rs 43.60 crores, and an offer for sale of 9.36 lakh shares amounting to Rs 7.68 crores.
The price band for the Effwa Infra and Research IPO is set at Rs 78 to Rs 82 per share. Shreni Shares Limited is acting as the book-running lead manager, with Bigshare Services Pvt Ltd appointed as the registrar. Rikhav Securities will serve as the market maker for this IPO.
Ganesh Green Bharat IPO
The Ganesh Green Bharat IPO opened for subscription on July 5, 2024, and will close on July 9, 2024. This book-built issue is valued at Rs 125.23 crores and consists entirely of a fresh issue of 65.91 lakh shares.
The price band for the Ganesh Green Bharat IPO has been set at Rs 181 to Rs 190 per share. Hem Securities Limited is acting as the book-running lead manager for the IPO, with Kfin Technologies Limited serving as the registrar. Hem Finlease is the market maker for this IPO.
Sahaj Solar IPO
The Sahaj Solar IPO will open for subscription on July 11, 2024, and close on July 15, 2024. This book-built issue aims to raise Rs 52.56 crores through an entirely fresh issue of 29.2 lakh shares.
The price band for the Sahaj Solar IPO has been set at Rs 171 to Rs 180 per share. Kunvarji Finstock Pvt Ltd has been appointed as the book-running lead manager, and Kfin Technologies Limited will serve as the registrar for the issue.
New Listings this week –
Emcure Pharmaceuticals IPO
The Emcure Pharmaceuticals IPO allotment is slated to be finalized on Monday, July 8, 2024. The IPO is scheduled to be listed on both the BSE and NSE, with a tentative listing date set for Wednesday, July 10, 2024.
Bansal Wire IPO
The allocation for the Bansal Wire IPO is expected to be finalized on Monday, July 8, 2024. The IPO is scheduled to list on both the BSE and NSE, with a tentative listing date set for Wednesday, July 10, 2024.
Ambey Laboratories IPO
The allotment for the Ambey Laboratories IPO is slated to be finalized by Tuesday, July 9, 2024. It is set to debut on the NSE SME platform, with a tentative listing date scheduled for Thursday, July 11, 2024.
Effwa Infra and Research IPO
The allotment for the Effwa Infra and Research IPO is anticipated to be finalized on Wednesday, July 10, 2024. This IPO is scheduled to list on the NSE SME platform, with a tentative listing date set for Friday, July 12, 2024.
Ganesh Green Bharat IPO
The allotment for the Ganesh Green Bharat IPO is expected to be finalized on Wednesday, July 10, 2024. This IPO will be listed on the NSE SME platform, with a tentative listing date scheduled for Friday, July 12, 2024.
