IPOs in the Current Week: The primary market experienced significant listings in both the main board and small- to medium-sized enterprise (SME) sectors last month, drawing investor attention with high subscription rates and new listings. Looking ahead, the upcoming week is generating considerable market excitement for September, as it is filled with fresh listings and IPO opportunities open for subscription.
In the past week, the stock market saw two mainboard IPOs, Rishabh Instruments Limited and Ratnaveer Precision Engineering, raising a total of ₹655.8 crore. The capital market displayed robust performance, largely fueled by domestic capital influx. Strong investor confidence was evident in both the secondary market and IPOs, as innovative ideas made their debut. Mahavir Lunawat, Managing Director of Pantomath Capital Advisors Pvt. Ltd, a mid-market investment bank, noted the promising outlook for the upcoming week, with RR Kabel, Samhi Hotels, Zaggle Prepaid Ocean Services, and Yatra Online, backed by Michael Kaufman, aiming to collectively raise ₹4,673 crore from investors.
Among the ongoing issues, Samhi Hotels IPO and Zaggle Prepaid Ocean Services IPO will close on September 18, while Yatra Online IPO will conclude on September 20 in the mainboard segment. In the SME segment, Cellecor Gadgets IPO, Holmarc Opto-Mechatronics IPO, and Kody Technolab IPO are also set to close on September 20.
Now, let’s explore some of the companies coming up for subscription this week, along with a few that are scheduled to be listed on the stock exchanges:
**Signature Global IPO:**
The mainboard IPO will open on September 20 and close on September 22. It consists of a fresh issue of equity shares worth ₹603 crore and an offer for sale (OFS) of shares worth ₹127 crore by its shareholder, the International Finance Corporation, a World Bank Group member. At the upper end of the price band, Signature Global IPO’s issue size is ₹730 crore.
**Sai Silks Kalamandir IPO:**
This public issue of the ethnic apparel retailer will be open for subscription from September 20 to September 22. The IPO includes a fresh issuance of shares worth ₹600 crore by the company and an offer-for-sale (OFS) of 2,70,72,000 equity shares by the promoter group. At the upper end of the price band, the total issue size is ₹1,200 crore.
**Vaibhav Jewellers IPO:**
The mainboard IPO of Andhra Pradesh-based Manoj Vaibhav Gems N Jewellers will open for subscription on September 22. The public issue comprises a fresh issuance of equity shares worth up to ₹210 crore and an offer for sale (OFS) of up to 2.8 million equity shares. Vaibhav Jewellers IPO is a book-built issue and will close on September 26.
**Madhusudan Masala IPO:**
The SME IPO of the homegrown spice manufacturer will open for subscription on September 21. Madhusudan Masala IPO is a book-built issue with a value of ₹23.80 crore. It includes the sale of 34 lakh fresh equity shares, each with a face value of Rs. 10, aggregating to Rs. 23.80 crore. The issue will close on September 21.
**Techknowgreen Solutions IPO:**
The SME IPO will open on September 18, 2023, and aims to raise ₹16.72 crore through the public issue. It is a fixed price issue at ₹86 per equity share, with a face value of ₹10 per share. Techknowgreen Solutions IPO comprises a fresh issue of 19.44 lakh shares and closes on September 21.
**Master Components IPO:**
The SME IPO opens for subscription on September 18, 2023, and closes on September 21, 2023. It is a fixed price issue valued at ₹15.46 crore. The issue includes a fresh issue of 7.01 lakh shares and an offer for sale of 4.03 lakh shares.
**Hi-Green Carbon IPO:**
The SME IPO opens for subscription on September 21, 2023, and closes on September 25, 2023. It is a book-built issue with a value of ₹52.80 crore, comprising a fresh issue and an offer for sale.
**Mangalam Alloys IPO:**
The SME IPO opens for subscription on September 21, 2023, and closes on September 25, 2023. It is a fixed price issue valued at ₹54.91 crore, consisting of a fresh issue and an offer for sale.
**Marco Cables & Conductors IPO:**
The SME IPO opens for subscription on September 21, 2023, and closes on September 25, 2023. It is a fixed price issue valued at ₹18.73 crore, including a fresh issue and an offer for sale.
**Organic Recycling Systems IPO:**
The SME IPO opens for subscription on September 21, 2023, and closes on September 26, 2023. It is a fixed price issue valued at ₹50.00 crore, comprising entirely of a fresh issue of 25 lakh shares.
Upcoming Listings:
1. **Jupiter Life Line Hospitals:** The shares from the mainboard IPO are scheduled to be listed on the BSE and NSE stock exchanges on September 18.
2. **EMS Ltd:** The shares from the mainboard IPO are set to be listed on the BSE and NSE stock exchanges on September 21.
3. **Meson Valves:** Shares from the SME IPO will be listed on BSE SME on September 21. Refunds are expected to be initiated on September 18, and shares will be credited to demat accounts on September 20.
4. **Jiwanram Sheoduttrai Industries IPO:** Shares from the SME IPO will be listed on the NSE SME on September 18.
5. **Unihealth Consultancy IPO:** Shares from the SME IPO will be listed on the NSE SME on September 21. Refunds will commence on September 18, and shares will be credited to demat accounts on September 20.
