Upcoming IPOs This Week – 4 IPOs Open for Investment and 1 IPO Scheduled for Listing

After an active past week with many SME IPOs and a lack of mainline IPOs, this week sees a rise in activity with four IPOs scheduled. Three of these are in the SME segment, while one is a mainline IPO.
Upcoming IPO

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Bansal Wire Industries and Emcure Pharma attracted significant investor interest last week. This week, there is only one IPO listing, Sahaj Solar, which is expected to provide investors with excellent returns based on the current GMP. It shows the dynamic nature of India’s IPO market, which is supported by strong economic fundamentals and investor enthusiasm.

“In the first half of this financial year, we witnessed a surge in initial public offerings (IPOs) in the Indian capital market, driven by favorable market conditions, strong economic growth, and steady interest rates. India’s solid economic foundation and positive growth outlook make it an opportune time for its IPO market to flourish,” said Mahavir Lunawat, Managing Director, Pantomath Capital Advisors Pvt. Ltd. (From MINT News)

Additionally, Aelea Commodities, Sati Poly Plast, Prizor Viztech, and Three M Paper Boards IPOs are still open this week, with their listings scheduled for next week. All these public issues were launched in the previous week.The following is a detailed overview of the IPOs that will open and list this week.

New IPO Opening This Week:

The new IPOs that opened this week are as follows:

Tunwal E-Motors

Tunwal E-Motors’ IPO is set to open for subscription from July 15 to July 18, 2024. The company aims to raise ₹115.64 crores through an IPO at a fixed price of ₹59 with a market lot of 2000 shares.

Horizon Financial Pvt Ltd. is the book-running lead manager, and Skyline Financial Services Private Ltd. is the registrar for the IPO. Sahaj Solar’s GMP is currently around ₹20 to ₹25, following a 40% to 50% listing gain.

Macobs Technologies

Macobs Technologies will launch its initial public offering (IPO) on July 16, 2024. The IPO will end on July 19, 2024. The NSE SME IPO aims to raise ₹19.46 crores. The Macobs Technologies IPO price band is ₹71 to ₹75 per share, with a market lot of 1600 shares.

SKI Capital Services Limited is the lead manager for this IPO, while Maashitla Securities Private Limited will act as the IPO registrar. The IPO’s listing gain is 15% to 20%, with a current GMP of around ₹10.

Kataria Industries

The Kataria Industries initial public offering (IPO) is expected to start on July 16, 2024, and end on July 19, 2024. The NSE SME IPO aims to raise ₹54.58 crores, with a price band of ₹91 to ₹96 per share and a market lot of 1200 shares.

Interactive Financial Services Ltd is the lead manager, while Bigshare Services Pvt Ltd is the registrar of the IPO. The IPO’s grey market premium is approximately ₹40 to ₹45, with a listing gain of 40% to 50%.

Sanstar

Sanstar is launching its IPO on July 19, 2024, closing on July 23, 2024. The NSE SME IPO aims to raise ₹510.15 crores and fresh issue of ₹397.10 crores and offer for sale up to 11,900,000 equity shares of ₹2 each. It has a price band of ₹90 to ₹95 per share.

Pantomath Capital Advisors Private Limited is the lead manager, and Link Intime India Private Ltd is the registrar of the IPO. Its listing gain is around 45% to 60%, with the grey market premium of ₹40 to ₹50.

IPO Listing This Week

There is only one IPO listing this week, which is as follows:

Sahaj Solar

The allotment for the Sahaj Solar IPO is expected to be accomplished on Tuesday, July 16, 2024. The IPO will be listed on NSE SME. The tentative listing date for the IPO is July 19, 2024. Currently, its listing gain is around 91% with the grey market premium of ₹164.

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