The mainboard IPO market will be quiet next week, with no new issues scheduled. However, in the SME segment, eight companies are preparing to launch their initial public offerings (IPO).
The SME IPOs set to open for subscription next week include RNFI Services, SAR Televenture, VVIP Infratech, VL Infraprojects, Manglam Infra and Engineering, Chetana Education, Aprameya Engineering, and Clinitech Laboratory.
List of IPOs Opening for Subscription:
1. RNFI Services IPO
- Dates: July 22, 2024 – July 24, 2024
- Amount: ₹70.81 crores
- Shares: 67.44 lakh
- Price Band: ₹98 – ₹105 per share
- Lead Manager: Choice Capital Advisors Pvt Ltd
- Registrar: Skyline Financial Services Private Ltd
- Market Maker: Choice Equity Broking
2. SAR Televenture FPO
- Dates: July 22, 2024 – July 24, 2024
- Amount: ₹150 crores
- Shares: 71.43 lakh
- Price Band: ₹200 – ₹210 per share
- Lead Manager: Pantomath Capital Advisors Pvt Ltd
- Registrar: Link Intime India Private Ltd
3. VVIP Infratech IPO
- Dates: July 23, 2024 – July 25, 2024
- Amount: ₹61.21 crores
- Shares: 65.82 lakh
- Price Band: ₹91 – ₹93 per share
- Lead Manager: Share India Capital Services Private Limited
- Registrar: Maashitla Securities Private Limited
- Market Maker: Share India Securities
4. VL Infraprojects IPO
- Dates: July 23, 2024 – July 25, 2024
- Amount: ₹18.52 crores
- Shares: 44.1 lakh
- Price Band: ₹39 – ₹42 per share
- Lead Manager: Beeline Capital Advisors Pvt Ltd
- Registrar: Skyline Financial Services Private Ltd
- Market Maker: Spread X Securities
5. Manglam Infra and Engineering IPO
- Dates: July 24, 2024 – July 26, 2024
- Amount: ₹27.62 crores
- Shares: 49.32 lakh
- Price Band: ₹53 – ₹56 per share
- Lead Manager: Unistone Capital Pvt Ltd
- Registrar: Bigshare Services Pvt Ltd
- Market Maker: Giriraj Stock Broking
6. Chetana Education IPO
- Dates: July 24, 2024 – July 26, 2024
- Amount: ₹45.90 crores
- Shares: 54 lakh
- Price Band: ₹80 – ₹85 per share
- Lead Manager: Hem Securities Limited
- Registrar: Link Intime India Private Ltd
- Market Maker: Hem Finlease
7. Aprameya Engineering IPO
- Dates: July 25, 2024 – July 29, 2024
- Amount: ₹29.23 crores
- Shares: 50.4 lakh
- Price Band: ₹56 – ₹58 per share
- Lead Manager: Hem Securities Limited
- Registrar: Link Intime India Private Ltd
8. Clinitech Laboratory IPO
- Dates: July 25, 2024 – July 29, 2024
- Amount: ₹5.78 crores
- Shares: 6.02 lakh
- Issue Price: ₹96 per share
- Lead Manager: Inventure Merchant Banker Services Pvt Ltd
- Registrar: Bigshare Services Pvt Ltd
- Market Maker: Svcm Securities
IPO Listings Next Week:
1. Sanstar IPO
- Allotment Date: July 24, 2024
- Listing Date: July 26, 2024
- Exchanges: BSE, NSE
2. Three M Paper Boards IPO
- Allotment Date: July 18, 2024
- Listing Date: July 22, 2024
- Exchange: BSE SME
3. Prizor Viztech IPO
- Allotment Date: July 18, 2024
- Listing Date: July 22, 2024
- Exchange: NSE SME
4. Sati Poly Plast IPO
- Allotment Date: July 18, 2024
- Listing Date: July 22, 2024
- Exchange: NSE SME
5. Aelea Commodities IPO
- Allotment Date: July 18, 2024
- Listing Date: July 22, 2024
- Exchange: BSE SME
6. Tunwal E-Motors IPO
- Allotment Date: July 19, 2024
- Listing Date: July 23, 2024
- Exchange: NSE SME
7. Macobs Technologies IPO
- Allotment Date: July 22, 2024
- Listing Date: July 24, 2024
- Exchange: NSE SME
8. Kataria Industries IPO
- Allotment Date: July 22, 2024
- Listing Date: July 24, 2024
- Exchange: NSE SME
Pantomath Capital Advisors Private Limited noted that the Indian IPO market is growing rapidly. The recent elections are expected to boost market activity in the second half of CY25. The success of listings in the first half of CY25 could drive further momentum, especially in consumer staples, healthcare, and technology sectors.
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