Upcoming IPOs: 9 new public issues and 4 new listings scheduled for this week; check full list here
Nine IPOs, including Indegene, TBO Tek, and Aadhar Housing Finance, set to launch on Dalal Street amidst general elections, with four new listings also scheduled.
The primary market is set to see a surge in activity despite the backdrop of general elections, with nine new initial public offerings (IPOs) lined up to hit Dalal Street next week. This marks a significant departure from historical trends, as May has typically been slow for IPO launches during past general election cycles. Managing Director of Pantomath Capital Advisors Pvt. Ltd., Mahavir Lunawat, noted, "Since 2004, there hasn't been a single IPO launch during May in the last four General Election cycles." However, this trend is poised to change as three mainboard IPOs of Indegene Limited, TBO Tek Limited, and Aadhar Housing Finance are set to be launched next week, aiming to raise a total of ₹6,392 crores. Here's a detailed look at the upcoming IPOs: Indegene IPO: Opens for subscription on May 6, 2024, and closes on May 8, 2024. A book-built issue aiming to raise ₹1,841.76 crores. The price band is set at ₹430 to ₹452 per share.
Lead managers: Kotak Mahindra Capital Company Limited, Citigroup Global Markets India Private Limited, J.P. Morgan India Private Limited, and Nomura Financial Advisory And Securities (India) Pvt Ltd. TBO Tek IPO: Opens for subscription on May 8, 2024, and closes on May 10, 2024. A book-built issue of ₹1,550.81 crores with a price band of ₹875 to ₹920 per share. Lead managers: Axis Capital Limited, Jefferies India Private Limited, Goldman Sachs (India) Securities Private Limited, and JM Financial Limited. Aadhar Housing Finance IPO: Opens for bidding on May 8, 2024, and closes on May 10, 2024. A book-built issue of ₹3,000 crores with a price band of ₹300 to ₹315 per share. Lead managers: ICICI Securities Limited, Citigroup Global Markets India Private Limited, Kotak Mahindra Capital Company Limited, Nomura Financial Advisory And Securities (India) Pvt Ltd, and SBI Capital Markets Limited. Refractory Shapes IPO: Opens for subscription on May 6, 2024, and closes on May 9, 2024. A book-built issue of ₹18.60 crores with a price band of ₹27 to ₹31 per share. Winsol Engineers IPO: Opens for subscription on May 6, 2024, and closes on May 9, 2024. A book-built issue of ₹23.36 crores with a price band of ₹71 to ₹75 per share. Find listings Technologies IPO: Opens for subscription on May 7, 2024, and closes on May 9, 2024. A fixed price issue of ₹13.53 crores with a price of ₹123 per share. Silkflex Polymers IPO: Opens for subscription on May 7, 2024, and closes on May 10, 2024. A fixed price issue of ₹18.11 crores with a price of ₹52 per share.
TGIF Agribusiness IPO: Opens for subscription on May 8, 2024, and closes on May 10, 2024. A fixed price offering of ₹6.39 crores with a price of ₹93 per share. Energy Mission Machineries IPO: Opens for subscription on May 9, 2024, and closes on May 13, 2024. A book-built issue of ₹41.15 crores with a price band of ₹131 to ₹138 per share. Additionally, four new listings are scheduled for the upcoming week: Storage Technologies Racks and Rollers IPO: Expected to be finalized on Monday, May 6, 2024, and to list on BSE SME on Wednesday, May 8, 2024. Sai Swami Metals and Alloys IPO: Expected to be finalized on Monday, May 6, 2024, and to list on BSE SME on Wednesday, May 8, 2024. Amkay Products IPO: Expected to be finalized on Monday, May 6, 2024, and to list on BSE SME on Wednesday, May 8, 2024. Slone Infosystems IPO: Expected to be finalized on Wednesday, May 8, 2024, and to list on NSE SME on Friday, May 10, 2024.
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