4 new IPOs to hit Indian market next week
The initial public offering (IPO) market in India is set for another bustling week, with four new offerings scheduled to open for subscription. The mainboard segment will feature Orient Technologies and Interarch Building Products, while the SME category will introduce Brace Port Logistics and Forcas Studio. This comes amid a robust primary market performance, despite mixed sentiments in the secondary market.
Interarch Building Products
Interarch Building Products, a provider of steel construction solutions, has set its IPO price band at ₹850-900. The public offering, which aims to raise ₹1,186 crore, will open on August 19 and close on August 21. It comprises a fresh issue of stocks worth ₹200 crore and an Offer for Sale (OFS) of up to 44.48 lakh shares with a face value of ₹10 each.
Orient Technologies
Orient Technologies, an IT solutions provider, has announced a price band of ₹195-206 for its public offering. The subscription period will run from August 21 to August 23. The company wants to raise ₹215 crore through the IPO, which includes a fresh equity sale of ₹120 crore and an OFS of 46 lakh shares. Promoters Ajay Baliram Sawant, Ujwal Arvind Mhatre, Umesh Navnital Shah, and Jayes Manharlal will be offloading their part stakes in the OFS.
Brace Port Logistics and Forcas Studio
In the SME segment, both Brace Port Logistics and Forcas Studio will open their IPOs for subscription on August 19. These issues will close on August 21. While Forcas has priced its issue at ₹77-80 apiece, Brace Port has fixed a price band in the range of ₹76-80 per share. This marks their entry into the market, contributing to the diversity of offerings available to investors.
Five companies to list on the market next week
In addition to the IPOs, five companies will list on the market next week. This includes Saraswati Saree Depot, whose recent IPO received a robust response from investors. The upcoming listings and new issues are expected to keep the primary market momentum thriving.
