The IPO activity is set to continue in the Indian stock market with four companies, including two from the mainboard, launching their IPOs next week. Despite global market fluctuations, the Indian primary market remains strong. In the first week of August, four companies successfully raised over ₹11,850 crore through IPOs. Over the next few weeks, 25 more companies, already approved by SEBI, are expected to raise ₹22,000 crore.
Here are the IPOs opening for subscription next week:
Orient Technologies IPO
- Open for subscription: August 21 to August 23
- Size: ₹214.76 crore
- Fresh Issue: 0.58 crore shares (₹120 crore)
- Offer for Sale: 0.46 crore shares (₹94.76 crore)
- Price Band: ₹195-₹206 per share
- Lead Manager: Elara Capital (India) Pvt Ltd
- Registrar: Link Intime India Pvt Ltd
Interarch Building Products IPO
- Open for subscription: August 19 to August 21
- Size: ₹600.29 crore
- Fresh Issue: 0.22 crore shares (₹200 crore)
- Offer for Sale: 0.44 crore shares (₹400.29 crore)
- Price Band: ₹850-₹900 per share
- Lead Managers: Ambit Private Ltd, Axis Capital Ltd
- Registrar: Link Intime India Pvt Ltd
Brace Port Logistics IPO
- Open for subscription: August 19 to August 21
- Size: ₹24.41 crore
- Fresh Issue: 30.51 lakh shares
- Price Band: ₹76-₹80 per share
- Lead Manager: Holani Consultants Pvt Ltd
- Registrar: Link Intime India Pvt Ltd
Forcas Studio IPO
- Open for subscription: August 19 to August 21
- Size: ₹37.44 crore
- Fresh Issue: 46.8 lakh shares
- Price Band: ₹77-₹80 per share
- Lead Manager: Horizon Management Pvt Ltd
- Registrar: Mas Services Ltd
Other IPOs:
- QVC Exports IPO
- Open for subscription: August 21 to August 23
- Size: ₹24.07 crore
- Fresh Issue: 20.5 lakh shares (₹17.63 crore)
- Offer for Sale: 7.49 lakh shares (₹6.44 crore)
- Price: ₹86 per share
- Ideal Technoplast Industries IPO
- Open for subscription: August 21 to August 23
- Size: ₹16.03 crore
- Fresh Issue: 13.25 lakh shares
- Price: ₹121 per share
- Resourceful Automobile IPO
- Open for subscription: August 22 to August 26
- Size: ₹11.99 crore
- Fresh Issue: 10.25 lakh shares
- Price: ₹117 per share
New Listings:
- Saraswati Saree Depot IPO – Listing on BSE, NSE on August 20.
- Sunlite Recycling Industries IPO – Listing on NSE SME on August 20.
- Positron Energy IPO – Listing on NSE SME on August 20.
- Solve Plastic Products IPO – Listing on NSE SME on August 21.
- Broach Lifecare Hospital IPO – Listing on BSE SME on August 21.
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