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News Topical, Digital Desk : The week starting from 28th July is going to be very busy for the IPO market. A total of 14 public issues will open this week, out of which five will be in the mainboard segment and 12 companies are also scheduled to be listed in the stock market. The target of these 14 companies is to raise a total of more than Rs 7300 crore. There is a plan to raise Rs 7008 crore through mainboard IPOs. Lakshmi India Finance, a company providing loans to MSMEs, and Aditya Infotech, a company making video security and surveillance products, will be the first companies to open for subscription from the mainboard, whose IPO will open on 29th July.
Non-banking finance company Laxmi India Finance has fixed a price band of ₹150-158 per share for its ₹254 crore IPO, while Aditya Infotech, which operates its business under the CP Plus brand, plans to raise ₹1,300 crore at the upper end of the price band of ₹640-675 per share.
NSDL IPO to open on July 30 The much-awaited National Securities Depository Ltd (NSDL) IPO will open, along with Mumbai-based real estate firm Shri Lotus Developers & Realty's ₹792 crore public issue, which will open on July 30, with price bands of ₹760-800 and ₹140-150 per share. Market Infrastructure Institute NSDL, promoted by IDBI Bank, National Stock Exchange and UTI, aims to raise ₹4011.60 crore through an IPO, which is entirely an offer for sale (OFS). Ahmedabad-based M&B Engineering, which provides pre-engineered buildings and self-supported roofing solutions, will also launch a ₹650 crore IPO on July 30, with a price band of ₹366-385 per share. 9 public issues in the SME segment Investors will get to see 9 public issues in the SME segment, of which Rajkot-based smartphone retailer Umiya Mobile and warehousing and logistics company Repono will be the first to hit Dalal Street on July 28. Umiya Mobile aims to raise ₹24.88 crore through a fixed price issue, while Repone will raise ₹26.68 crore through a book building issue. After this, Punjab-based fabric supplier Kaytex Fabrics' ₹69.81 crore IPO will open on July 29. On July 30, three new public issues - Takyon Networks' ₹20.5 crore IPO, Mehul Colours' ₹21.66 crore and BD Industries Pune's ₹45.36 crore issue - will open for subscription. The IPOs of masterbatches and polymer solutions provider Renol Polychem and OOH advertising company Cash Ur Drive Marketing will open on July 31. Renol plans to raise ₹25.77 crore and Cash Ur Drive ₹60.79 crore. The last public issue in the SME segment will be that of Flysbs Aviation next week, which will open on August 1. Listing next week A total of 12 companies will be listed on the stock market next week. According to the RHP of the companies, Indiqube Spaces and GNG Electronics will debut on the stock exchange on July 30 from the mainboard, while the shares of Brigade Hotel Ventures and Shanti Gold International will be available for trading on BSE and NSE from July 31 and August 1. According to Moneycontrol, the IPO shares of GNG Electronics are trading at a premium of about 40 percent in the grey market, and the shares of Shanti Gold International are at a premium of about 19 percent. At the same time, Indiqube Spaces and Brigade Hotel Ventures have received a weak response, whose shares are trading at a premium of 2 percent and 4–5 percent.
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