A Busy Week Ahead on Dalal Street: IPOs and Market Debuts
The coming week on Dalal Street promises to be an exhilarating time for primary market investors. With a diverse array of sectors represented—from glittering jewellery to agro-based manufacturing, and from publishing to real estate—investors have much to look forward to. Four fresh public issues are set to open for subscription, while an impressive wave of 11 companies will make their market debut. Both the mainboard and SME segments will be buzzing, offering ample opportunities for those tracking India’s IPO calendar.
Mainboard IPOs
BlueStone Jewellery IPO
Kicking off the week’s action is the much-anticipated IPO of BlueStone Jewellery and Lifestyle. This Bengaluru-based retailer, renowned for its exquisite ‘BlueStone’ brand, opens for subscription on Monday, August 11, and will close on Wednesday, August 13. The company aims to raise a substantial ₹1,540.65 crore, which includes ₹820 crore through a fresh issue and ₹720.65 crore via an offer for sale.
The shares are priced in a range of ₹492 to ₹517 each, with a minimum lot size of 29 shares. The IPO is being managed by Axis Capital, Kotak Mahindra Capital Company, and IIFL Capital Services, with shares expected to list on August 19.
Regaal Resources IPO
Following closely is the IPO from Regaal Resources, an agro-based company specializing in the manufacturing of maize-based starch and specialty starch products. This ₹306 crore IPO will be open from August 12 to August 14, with shares priced between ₹96 and ₹102 each. The minimum lot size for this offering is 144 shares.
Of the total issue, ₹210 crore will be raised through fresh equity, while ₹96 crore will come from an offer for sale. The listing is anticipated on August 20, with Pantomath Capital Advisors and Sumedha Fiscal Services serving as lead managers.
SME Segment
While the mainboard sees two significant openings, the SME segment is also set for a flurry of activity.
Icodex Publishing Solutions
Icodex Publishing Solutions will make its market entry from August 11 to August 13, with a price band of ₹98 to ₹102. The company aims to raise ₹42.03 crore, which will be utilized for acquiring new office space and hardware, as well as for working capital needs. The listing on the BSE SME platform is scheduled for August 19.
Mahendra Realtors & Infrastructure
The second SME IPO, Mahendra Realtors & Infrastructure, will open from August 12 to August 14. This ₹49.45 crore issue is priced between ₹75 and ₹85 per share and aims to meet working capital requirements and general corporate expenses. Its listing on the NSE SME platform is planned for August 20.
Listings to Watch
In addition to fresh issues, the week will also feature a series of exciting listings. On the mainboard, Highway Infrastructure is set to debut on August 12, followed by JSW Cement and All Time Plastics on August 14.
The SME space will see even more activity, with Essex Marine and BLT Logistics listing on the BSE SME platform on August 11. Additionally, Aaradhya Disposal Industries, Jyoti Global Plast, Parth Engineering Electricals, and Bhadore Industries will join the NSE SME platform on the same day. Later in the week, Sawaliya Foods Products and Connplex Cinemas will also make their market debuts on August 14.
Conclusion
With a rich tapestry of IPOs and market debuts on the horizon, investors on Dalal Street have a lot to keep an eye on. Whether you’re interested in the glamour of jewellery, the stability of agro-based manufacturing, or the growth potential of SMEs, this week is set to offer something for everyone. As always, investors are encouraged to conduct thorough research and consider their investment strategies carefully before diving into the bustling market.