Manba Finance: The primary market is gearing up for a bustling week starting September 23, 2024, with a flurry of initial public offerings (IPOs) set to open for subscription. This includes the mainboard IPOs from Manba Finance and KRN Heat Exchanger, alongside seven small and medium enterprises (SMEs) launching their public issues. A total of 15 companies will debut on the stock market, marking an active period for investors.
Mainboard IPOs Opening Next Week
Manba Finance IPO
Manba Finance, a non-banking finance company (NBFC), will open its IPO for subscription on September 23, concluding on September 25. The IPO aims to raise ₹150.84 crore through a fresh issuance of 1.26 crore shares. The price band has been set between ₹114 and ₹120 per share, with a minimum lot size of 125 shares, requiring an investment of ₹15,000.
The share allotment status is expected to be finalized on September 26, with shares listing on both the BSE and NSE slated for September 30.
KRN Heat Exchanger IPO
KRN Heat Exchanger and Refrigeration Limited will launch its IPO from September 25 to September 27. This public issue aims to raise ₹341.95 crore through the issuance of 1.55 crore fresh shares. The price band is fixed at ₹209 to ₹220 per share, and retail investors can apply with a minimum lot size of 65 shares, totaling ₹14,300.
The share allotment will also be finalized on September 30, and shares are set to list on October 3.
Seven SME IPOs Launching Next Week
In addition to the mainboard IPOs, several SMEs are set to launch their public offerings:
Rappid Valves India IPO
Opening on September 23 and closing on September 25, Rappid Valves India aims to raise ₹30.41 crore through a fresh issuance of 13.7 lakh shares. The price band is set between ₹210 and ₹222 per share, with a lot size of 600 shares.
WOL 3D India IPO
WOL 3D India Limited will have its subscription window open from September 23 to September 25. The company seeks to raise ₹25.56 crore through a combination of fresh issuance and an offer for sale, with a price band of ₹142 to ₹150 per share and a lot size of 1,000 shares.
Thinking Hats Entertainment Solutions IPO
This IPO will be available from September 25 to September 27. The company plans to raise ₹15.09 crore through a fresh issue of 34.29 lakh shares. The price band is set between ₹42 and ₹44 per share, requiring a minimum investment of ₹13,200 for a lot size of 3,000 shares.
Unilex Colours and Chemicals IPO
Unilex’s IPO will launch on September 25 and close on September 27, aiming to raise ₹31.32 crore. The price band is set between ₹82 and ₹87 per share, with a minimum lot size of 1,600 shares.
TechEra Engineering IPO
This IPO will be open for subscription from September 25 to September 27. The company aims to raise ₹35.9 crore, with a price band set between ₹75 and ₹82 per share and a minimum lot size of 1,600 shares.
Sahasra Electronics Solutions IPO
Scheduled to open from September 26 to September 30, this IPO aims to raise ₹186.16 crore, with a price band between ₹269 and ₹283 per share and a lot size of 400 shares.
Divyadhan Recycling Industries IPO
The IPO for Divyadhan will open for subscription on September 26 and close on September 30. Details regarding the price band and lot size are yet to be announced.
Upcoming IPO Listings
Next week will also see several IPOs making their stock market debut. Companies such as Western Carriers India, Northern Arc Capital, and Arkade Developers are expected to list on September 24, following strong investor interest and significant subscriptions.
Additionally, around 12 SME IPOs will also enter the market, with shares from Deccan Transcon, Pelatro, Osel Devices, and Envirotech Systems likely to list on the NSE SME platform on September 24.
As the primary market heats up, investors have a variety of options with the upcoming IPOs from both established companies and SMEs. With over ₹61,000 crore raised through IPOs in the first nine months of 2024 and further approvals pending, the market is positioned for continued activity. Stay informed and consider your investment strategies as these public offerings unfold.