IPO Market: Strong action next week, opportunity to invest in 10 issues

News Topical, Digital Desk : There is going to be a big action in the IPO market next week. Next week 10 issues will open for subscription. Out of these, 2 are mainboard and 8 are SME segment issues. Not only this, 8 companies are also going to be listed next week. Out of these, 5 companies will be listed in the mainboard. The 10 companies bringing the issue will try to raise a total of Rs 1240 crore from the market. Keep in mind that this is not investment advice, take advice on these from an expert before investing.

Which are the issues next week

Next week, two issues will be from the mainboard segment, Vikran Engineering and Anlon Healthcare will raise a total of Rs 893 crore from the market. Both these IPOs will open for subscription on August 26 and applications can be given till August 29. Power transmission and water infrastructure service provider company Vikran Engineering will try to raise Rs 772 crore through its IPO. At the same time, Anlon Healthcare, which manufactures pharma intermediates and active pharmaceutical ingredients, is planning to raise Rs 121 crore from the public issue. The price band of Vikran Engineering has been fixed at Rs 92-97 per share and the price band of Anlon Healthcare has been fixed at Rs 86-91 per share. 

8 issues will be launched in the SME segment Next week, the most activity will be seen in the SME segment, where eight IPOs will be launched. Of these, the IPOs of NIS Management and Globtier Infotech will open first on August 25 and close on August 28. NIS Management, which provides security and facility management services, will raise Rs 60 crore at the upper price band of Rs 111 per share. At the same time, IT solutions company Globtier Infotech will raise Rs 31 crore from a fixed price issue of Rs 72 per share. After this, the IPOs of Sattva Engineering Construction and Current Infraprojects will open on August 26. Sattva Engineering, which provides water infrastructure and wastewater management solutions, is bringing an issue of Rs 70-75 per share, will try to raise Rs 35.4 crore. EPC company Current Infraprojects will try to raise Rs 41.8 crore at a price band of Rs 76-80 per share. Oval Projects Engineering, which focuses on the development of upstream, midstream and downstream facilities in the oil and gas sector, will raise Rs 46.74 crore through the sale of 54.99 lakh shares from August 28 to September 1. The price band of this IPO has been fixed at Rs 80-85 per share. On the last day of next week, i.e. on August 29, three IPOs - Sugs Lloyd, Abril Paper Tech, and Snehaa Organics will open for investors. Sugs Lloyd, which provides power infrastructure services, will raise Rs 85.66 crore at the upper range of Rs 117-123 per share. Abril Paper Tech aims to raise Rs 13.42 crore at Rs 61 per share. At the same time, Snehaa Organics, which works in the solvent recovery and recycling sector, will raise Rs 32.68 crore at a price band of Rs 115-122 per share.

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