IPOs This Week: JSW Infra IPO to Arabian Petroleum IPO; 16 new issues, 8 listings to keep primary market buzzing | Mint
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Business News/ Markets / Ipo/  IPOs This Week: JSW Infra IPO to Arabian Petroleum IPO; 16 new issues, 8 listings to keep primary market buzzing
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IPOs This Week: JSW Infra IPO to Arabian Petroleum IPO; 16 new issues, 8 listings to keep primary market buzzing

IPO Next Week: Several companies are opening for subscription including JSW Infrastructure IPO, while few others are getting listed on the stock exchanges in the coming week.

Apart from the ongoing issues, 16 new IPOs will hit D-Street in the coming week. Photo: iStockPremium
Apart from the ongoing issues, 16 new IPOs will hit D-Street in the coming week. Photo: iStock

IPOs Next Week: The primary market witnessed some major listings in both main board and small- and medium-sized enterprise (SME) segments last month, which kept investors engaged with subscriptions and listings. Moving on, the last week of September sees strong market buzz - similarly packed with new listings and initial public offering (IPO) issues, that are available for subscription.

Last week, three mainboard IPOs - Jupiter Life Line Hospitals, EMS Limited and R R Kabel listed raising a total of 3,154 crore. 

‘’While remaining unfazed by global downward trends, India has notched the top position in world rankings in terms of initial public offerings (IPOs). The IPO graph of India at the global level has witnessed a steady growth trajectory. For instance, it was 6 per cent in 2021, 11 per cent in 2022, and now stands at 13 per cent year-to-date in 2023,'' said Mahavir Lunawat, Managing Director, Pantomath Capital Advisors Pvt. Ltd, a mid-market investment bank.

‘’A push provided by foreign institutional investors, consistent corporate growth, and steady monsoon predictions are some of the factors that have led to buoyancy in the market,'' added Lunawat

In the upcoming week, the focus shifts on Signature Global Ltd, Sai Silks Ltd and Manoj Vaibhav Gems Jewellers, all aiming to gather over 2,200 crore from investors.

Among the ongoing issues, Vaibhav Jewellers IPO closes on September 26 from the mainboard segment. From the SME segment, Hi-Green Carbon IPO, Mangalam Alloys IPO, and Marco Cables & Conductors IPO close on September 25, while Organic Recycling Systems IPO closes on September 26.

Let's take a look at some of the companies that are opening for subscription this week, along with few that are getting listed on the bourses.

JSW Infrastructure IPO

The mainboard issue opens on September 25 and closes on September 27. The JSW Group's IPO aims to raise 2,800 crore from its initial offer, which will be 100 per cent fresh in nature. It is a book built issue and the company has fixed the price band at 113 to 119 per equity share. 
 

Updater Services IPO

Chennai-based Integrated facilities management, Updater Services IPO opens for subscription on Monday, September 25, and closes on Wednesday, September 27. Updater Services IPO is a book built issue of 640 crore. The issue is a combination of fresh issue of 1.33 crore shares aggregating to 400 crore and offer for sale of 0.8 crore share aggregating to 240.00 crore.
 

Valiant Laboratories IPO
The mainboard IPO of the paracetamol manufacturer opens for subscription on September 27 and closes on October 3. Valiant Laboratories IPO is a book built issue of 152.46 crore. The issue is entirely a fresh issue of 1.09 crore shares. Valiant Laboratories IPO price band is set at 133 to 140 per equity share.

Digikore Studios IPO
The SME IPO of the visual effects studio opens for subscription on September 25 and closes on September 27. Digikore Studios IPO is a book built issue of 30.48 crore. The issue is a combination of fresh issue of 12.61 lakh shares aggregating to 21.56 crore and offer for sale of 5.22 lakh shares aggregating to 8.92 crore.
 

Saakshi Medtech and Panels IPO
The SME IPO opens for subscription on September 25 and closes on September 27. Saakshi Medtech and Panels IPO is a book built issue of 45.16 crore. The issue is entirely a fresh issue of 46.56 lakh shares.
 

Inspire Films IPO
The SME IPO opens for subscription on September 25 and closes on September 27. Inspire Films IPO is a book built issue of 21.23 crores. The issue is entirely a fresh issue of 35.98 lakh shares.

Newjaisa Technologies IPO
The SME IPO opens for subscription on September 25 and closes on September 27. Newjaisa Technologies IPO is a book built issue of 39.93 crore. The issue is entirely a fresh issue of 84.96 lakh shares.
 

Arabian Petroleum IPO
The SME IPO opens for subscription on September 25 and closes on September 27. Arabian Petroleum IPO is a fixed price issue of 20.24 crore. The issue is entirely a fresh issue of 28.92 lakh shares.
 

Sunita Tools IPO
The SME IPO opens for subscription on September 26 and closes on September 29. Sunita Tools IPO is a fixed price issue of 22.04 crore. The issue is a combination of fresh issue of 13.2 lakh shares aggregating to 19.14 crore and offer for sale of 2 lakh shares aggregating to 2.90 crore.
 

Goyal Salt IPO
The SME IPO opens for subscription on September 26 and closes on September 29. Goyal Salt IPO is a book built issue of 18.63 crore. The issue is entirely a fresh issue of 49.02 lakh shares.
 

City Crops Agro IPO
The SME IPO opens for subscription on September 26 and closes on September 29. City Crops Agro IPO is a fixed price issue of 15.00 crore. The issue is entirely a fresh issue of 60 lakh shares.
 

Kontor Space IPO
The SME IPO opens for subscription on September 27 and closes on September 29. Kontor Space IPO is a fixed price issue of 15.62 crore. The issue is entirely a fresh issue of 16.8 lakh shares.
 

E Factor Experiences IPO
The SME IPO opens for subscription on September 27 and closes on October 3. E Factor Experiences IPO is a book built issue of 25.92 crore. The issue is entirely a fresh issue of 34.56 lakh shares.


Vinyas Innovative Technologies IPO
The SME IPO opens for subscription on September 27 and closes on October 3. Vinyas Innovative Technologies IPO is a book built issue of 33.13 lakh shares. The issue is entirely a fresh issue of 33.13 lakh shares.
 

Canarys Automations IPO
The SME IPO opens for subscription on September 27 and closes on October 3. Canarys Automations IPO is a book built issue of 47.03 crore. The issue is entirely a fresh issue of 151.72 lakh shares.
 

Vishnusurya Projects and Infra IPO
The SME IPO opens for subscription on September 29 and closes on October 4. Vishnusurya Projects and Infra IPO is a fixed price issue of 50.00 crore. The issue is entirely a fresh issue of 73.53 lakh shares.

 

New Listings:


Yatra Online Ltd: Shares of the mainboard IPO will get listed on stock exchanges BSE and NSE on September 29. 

Chavda Infra Ltd: Shares of the SME IPO will get listed on NSE SME on September 25.

Kundan Edifice: Shares of the SME IPO will get listed on NSE SME on September 26. Shares will be credited to demat accounts on September 25.

Kody Technolab Ltd: Shares of the SME IPO will get listed on NSE SME on September 28. The allotment will be finalised on September 25. The refunds will be initiated on September 26 and shares will be credited to demat accounts on September 27.

Holmarc Opto-Mechatronics Ltd: Shares of the SME IPO will get listed on NSE SME on September 28. The allotment will be finalised on September 25. The refunds will be initiated on September 26 and shares will be credited to demat accounts on September 27.

Cellecor Gadgets: Shares of the SME IPO will get listed on NSE SME on September 28. The allotment will be finalised on September 25. The refunds will be initiated on September 26 and shares will be credited to demat accounts on September 27.

Master Components Ltd: Shares of the SME IPO will get listed on NSE SME on September 29. The allotment will be finalised on September 26. The refunds will be initiated on September 27 and shares will be credited to demat accounts on September 28.

Techknowgreen Solutions: Shares of the SME IPO will get listed on NSE SME on September 29. The allotment will be finalised on September 26. The refunds will be initiated on September 27 and shares will be credited to demat accounts on September 28.

 

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ABOUT THE AUTHOR
Nikita Prasad
Nikita covers business news and has been producing news on digital platforms since 2018. She writes on economy, policy, markets, commodities, industry. Her core areas of interests include infrastructure, energy, oil and gas, railways, and transport/mobility. She has worked for business news channels like Moneycontrol, NDTV Profit, and Financial Express in the past. If you have story ideas/pitches/reports or quotes/views to share, reach her at nikita.prasad@htdigital.in.
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Published: 23 Sep 2023, 06:53 PM IST
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