India’s primary market is set for a busy week, with five initial public offerings (IPOs) scheduled to open for subscription next week as companies look to raise nearly Rs 2,600 crore from investors. The upcoming issues are expected to keep market participants focused on the IPO segment, with investor interest likely to hinge on factors such as company valuations, business prospects and broader market sentiment.
The upcoming issues include EAAA India Alternatives, SFC Environmental Technologies, M K Sons Fine Jewels, BLS Polymers and Bombay Coated and Special Steels, with subscription windows opening between October 26 and October 29.
EAAA India Alternatives: The company is an arm of Edelweiss Financial Services, and the IPO will open its Rs 1,200-crore IPO on October 26 and close it on October 28 with the price band is Rs 1,585-1,665 per share, valuing the company at Rs 10,765 crore at the upper end.
SFC Environmental Technologies: The wastewater treatment solutions provider will launch its Rs 668-crore IPO, closing on October 29. The price band is Rs 313-330 per share, valuing the company at around Rs 3,233 crore at the upper end. The issue comprises a fresh issue of equity shares worth Rs 150 crore and an OFS of up to 1.57 crore shares by promoters and existing shareholders.
M K Sons Fine Jewels Ltd: The jewellery retailer will open its Rs 275.4-crore IPO on October 28 and close it on October 30. The price band is Rs 153-162 per share. The issue comprises a fresh issue of 1.36 crore equity shares and an OFS of 34 lakh shares by promoter selling shareholder Ramchand Murlidhar Raimalani.
BLS Polymers Ltd: The company will launch its Rs 255-crore IPO on October 27, with the issue closing on October 29. The price band is Rs 142-150 per share, and the offering comprises a fresh issue of 1.7 crore equity shares.
Bombay Coated and Special Steels Ltd: The company will open its Rs 183.1-crore IPO on October 29 and close it on November 2. The price band is Rs 78-82 per share, and the issue comprises an entirely fresh offering of equity shares.