IPO Calendar Alert: 3 New SME Issues & Sahaj Solar Listing to Watch Next Week!

Next week, there are no new mainboard IPOs, but the SME segment will be active with three new public offers. Here’s a rundown of what to expect:

Tunawal E-Motors IPO

• Opens: July 15
• Closes: July 18
• Price: Rs 59 per share
• Lot Size: 2000 shares

Tunawal E-Motors is an electric vehicle manufacturer established in 2018. The company aims to use the funds for working capital, research and development, expansion, and general corporate expenses. They specialize in electric two-wheelers, contributing to India’s push for eco-friendly transportation.

Macobs Technologies IPO

• Opens: July 16
• Closes: July 19
• Price Band: Rs 71-75 per share

Macobs Technologies, operating in the men’s e-commerce grooming industry, plans to use the funds for marketing, debt repayment, working capital, and general corporate purposes. The company focuses on grooming products for men, especially below-the-belt grooming tools.

Kataria Industries IPO

• Opens: July 16
• Closes: July 19
• Price Band: Rs 91-96 per share
• Lot Size: 1200 shares

Kataria Industries produces prestressed concrete strands, steel wires, and other related products. They plan to raise funds through a fresh equity sale of 56.85 lakh shares.

Sahaj Solar Ltd. Listing

Apart from these three SME IPOs, Sahaj Solar Ltd. will be the sole listing next week.

Although the mainboard IPO market is quiet now, analysts expect it to pick up soon. About 55 companies are preparing to raise Rs 68,000 crore through IPOs in the coming months.