5 new IPOs and 2 listings to hit Indian market
The Indian stock market is preparing for a busy week with five new initial public offerings (IPOs) and two listings. The upcoming IPOs include both established companies and newcomers, such as Saraswati Saree Depot, Sunlite Recycling Industries, Positron Energy, Solve Plastic Products, and Broach Lifecare Hospital. They reflect a diverse range of investor interests. Pantomath Capital Advisors Private Limited has noted an increase in activity in the Indian IPO market recently.
Saraswati Saree Depot
Saraswati Saree Depot's IPO will be open for subscription from August 12 to August 14. The book-built issue is worth ₹160 crore, comprising a fresh issue of 0.65 crore shares valued at ₹104 crore, and an offer for sale of 0.35 crore shares worth ₹56.02 crore. The price band has been set between ₹152 and ₹160 per stock, offering potential investors a range of options.
Sunlite Recycling Industries and Positron Energy
Sunlite Recycling Industries's IPO will also be open from August 12-14. The book-built issue is valued at ₹30.24 crore, comprising a fresh issue of 28.8 lakh shares with a price band set between ₹100-105 per share. Simultaneously, the Positron Energy IPO will be available for subscription during the same period. This book-built issue is worth ₹51.21 crore and includes a fresh issuance of 20.48 lakh stocks with no offer for sale component, priced between ₹238 and ₹250 per share.
Solve Plastic Products and Broach Lifecare Hospital
Solve Plastic Products's IPO will be open from August 13-16, with a fixed price issue totaling ₹11.85 crore. It includes a fresh issuance of 13.02 lakh stocks, with no OFS component and is priced at ₹91 per share. Concurrently, the Broach Lifecare Hospital IPO will be available for subscription during the same period. This fixed-price issue totals ₹4.02 crore and has a fresh issue of 16.08 lakh stocks and an OFS with no additional value, set at ₹25 per share.
Brainbees Solutions and Unicommerce eSolutions set for listing
In addition to the new IPOs, the market will also see listings. Brainbees Solutions (Firstcry) and Unicommerce eSolutions, which started their subscription period last week, are set to be listed this week. The allotment for Aesthetik Engineers IPO is tipped to be finalized on Tuesday, August 13, with a tentative listing date set for August 16.
