Action-Packed Week Ahead on Dalal Street: IPOs and Market Debuts
The first week of September promises to be a thrilling time for investors on Dalal Street, with a flurry of public issues and market debuts. At least seven Initial Public Offerings (IPOs) are set to open for subscription, while 13 companies are scheduled to make their market debut. This article delves into the upcoming IPOs and the companies that will be listing on the bourses, spanning various sectors from pharmaceuticals to construction and IT services.
Mainboard IPOs
Amanta Healthcare IPO
Among the mainboard IPOs hitting the market is Amanta Healthcare, a pharmaceutical company specializing in sterile liquid formulations. The IPO opens on September 1 and will close on September 3.
With a price band set between Rs 120 to Rs 126 per share, Amanta aims to raise approximately Rs 126 crore through a fresh issue of one crore shares. The proceeds from this IPO will be utilized for capital expenditure and general corporate needs. Retail investors will need to apply for a minimum lot size of 119 shares. Amanta operates across six therapeutic segments, manufacturing both large and small volume parenterals, making it a noteworthy player in the healthcare sector.
SME IPOs
In the SME segment, a total of seven IPOs are set to open for bidding in the first week of September. Here’s a closer look at these offerings:
Rachit Prints IPO
Rachit Prints, a printing and packaging firm, will float its SME IPO from September 1 to September 3. The company aims to raise Rs 19.49 crore through a fresh issue of 0.13 crore shares, with a price band set at Rs 140 to Rs 149 per share.
Goel Construction IPO
Goel Construction, focused on the construction sector, will come to market between September 2 and September 4. The IPO size is Rs 99.77 crore, which includes a fresh portion worth Rs 80.81 crore and an offer for sale of Rs 18.96 crore. Shares are priced in the range of Rs 249 to Rs 262.
Optivalue Tek Consulting IPO
Optivalue Tek Consulting, an IT consulting and services firm, will open its IPO between September 2 to September 4. The company seeks to raise Rs 51.82 crore by issuing 61.69 lakh shares. The price band is set at Rs 80 to Rs 84, and retail investors will need to apply for a minimum of two lots (3,200 shares).
Austere Systems IPO
Austere Systems, a technology solutions provider, is set to open its IPO on September 3, which will run until September 8. The company plans to raise Rs 15.57 crore through a fresh issue of 28.3 lakh shares, priced between Rs 52 to Rs 55 per share.
Sharvaya Metals IPO
Sharvaya Metals, engaged in the aluminium products business, will launch its IPO on September 4 and close on September 9. The offer size is Rs 58.80 crore, comprising a fresh issue of Rs 49 crore and an offer for sale of Rs 9.80 crore.
Vigor Plast India IPO
Vigor Plast India, a plastic packaging maker, will also hit the market between September 4 to September 9. The company is looking to raise Rs 25.10 crore, with the issue consisting of fresh shares worth Rs 20.24 crore and an offer for sale of Rs 4.86 crore. The price band is set at Rs 77 to Rs 81 per share.
Listings to Watch
In addition to the IPOs, 13 companies are scheduled to list on the exchanges next week, making it an exciting time for market watchers.
The week kicks off with Classic Electrodes and Shivashrit Foods listing on September 1 on the NSE SME, alongside Anondita Medicare. The following day, Globtier Infotech and NIS Management will make their market debut.
On September 3, several companies, including Current Infraprojects, Anlon Healthcare, Sattva Engineering Construction, and Vikran Engineering, are set to list.
The action continues with Oval Projects Engineering on September 4, followed by Abril Paper Tech, Sugs Lloyd, and Snehaa Organics on September 5.
Conclusion
As the first week of September unfolds, investors on Dalal Street have much to look forward to with a diverse range of IPOs and market debuts. Whether you are looking to invest in pharmaceuticals, construction, or IT services, this week presents a unique opportunity to explore new avenues in the stock market. Keep an eye on these developments as they could shape the investment landscape in the coming months.