Next Week’s IPO Bonanza: 8 New Issues Including Ecos Mobility and Premier Energies, Plus 8 Exciting Listings

The primary market is buzzing with activity as eight companies are set to launch their Initial Public Offerings (IPOs) next week. In the mainboard segment, two major companies, Ecos Mobility and Premier Energies, are opening their public offerings for subscription.

In addition to these, six companies will roll out their IPOs in the SME segment, keeping the momentum strong.

Alongside these new IPOs, there will be eight new listings, including notable ones from Orient Technologies and Interarch Building Products.

Analysts attribute the strong IPO market to India’s robust macroeconomic environment, which has boosted investor confidence. They also highlight that the good performance of newly listed stocks over the last couple of years has encouraged more investors to participate in IPOs. Pantomath Capital Advisors noted that the government’s significant investments in infrastructure projects have also attracted private players eager to bet on the nation’s growth.

Here’s a closer look at what to expect in the IPO market next week:

Premier Energies IPO

Solar cell manufacturer Premier Energies has set a price range of Rs 427-450 for its upcoming IPO, which aims to raise Rs 2,830 crore. The IPO will open on August 27 and includes a fresh issue of equity shares worth up to Rs 1,291 crore. Additionally, there will be an offer for sale (OFS) of 3.42 crore shares by existing shareholders.

Under the OFS, South Asia Growth Fund II Holdings LLC will sell 2.68 crore equity shares, South Asia EBT Trust will offload 1,72,600 shares, and promoter Chiranjeev Singh Saluja will sell 72 lakh shares.

Premier Energies plans to use the net proceeds from the IPO to invest in its subsidiary, Premier Energies Global. The funds will partially finance the establishment of a 4 GW Solar PV TOPCon Cell and Module manufacturing facility in Hyderabad, Telangana, with the remaining amount used for general corporate purposes.

Kotak Investment Banking, JP Morgan, and ICICI Securities are the book-running lead managers for this IPO.

Ecos Mobility and Hospitality IPO

The IPO for Ecos Mobility and Hospitality will be open for subscription from August 28 to August 30, with the anchor investors’ allocation happening on August 27. This IPO is entirely an OFS, with promoters Rajesh Loomba and Aditya Loomba selling 1.8 crore shares. The price range for the issue is set at Rs 318-334 per share.

Since the IPO is purely an OFS, all the proceeds will go to the selling shareholders.

Ecos Mobility has been offering chauffeured car rentals and employee transportation services to corporate clients, including Fortune 500 companies in India, for over 25 years.

Equirus Capital and IIFL Securities are acting as the book-running lead managers for this IPO.

SME Segment

In the SME segment, six companies — Indian Phosphate, Vdeal System, Jay Bee Laminations, Paramatrix Technologies, Aeron Composite, and Archit Nuwood Industries — will launch their IPOs.

The IPOs of Vdeal System, Jay Bee Laminations, and Paramatrix Technologies will open on August 27, while Aeron Composite and Archit Nuwood Industries will begin their issues on August 28 and August 30, respectively.

Indian Phosphate’s IPO, which opens on August 26, is priced at Rs 94 per share. Vdeal System has set its offer price at Rs 112 per share, while Jay Bee Laminations is offering shares at Rs 138-146 per share. Paramatrix Technologies is pricing its public offer at Rs 110 per share, and Aeron Composite is offering shares at Rs 125 per share.

Overall, it’s going to be a busy and exciting week in the IPO market with plenty of opportunities for investors to explore.