Kolkata: It will be raining IPOs this week on Dalal Street. A total of 11 companies are launching their IPOs between September 7 and 15 with the design to raise approximately Rs 7,055 crore.
Significantly, six IPOs will open simultaneously on Wednesday, September 9, while three companies will launch their issues on Tuesday, September 8. One IPO will open each on Monday, September 7 and Thursday, September 10. However, IPOs from several other companies may also be announced next week.
Three companies will also be listed on the stock market. Purple Style Labs will be listed on Monday, while Rage of Belief and Deep Jewellers will begin trading on Dalal Street on Tuesday.
Pranav Constructions IPO
Pranav Constructions’ initial public offering (IPO) will be open from September 7 to 9. The company has set a price band of Rs 118-124 per share, with a lot size of 120 shares. The total IPO size is Rs 351.03 crore, consisting of a fresh issue of Rs 315.60 crore and an OFS of Rs 35.43 crore. Allotment of shares is expected on September 10th, while listing on the BSE and NSE is expected on September 15.
3 IPOs to open on Tuesday
Glass Wall Systems IPO, Prasol Chemicals IPO and Kanahar Electricals IPO will open on September 8. Glass Wall Systems IPO of Rs 427.89 crore will be open from September 8 to 10. Its price band is Rs 172 to Rs 182 per share and the lot size is 82 shares. The issue consists of a fresh issue of Rs 60 crore and an OFS of Rs 367.89 crore. Allotment is expected on September 11, and listing on September 16 on the BSE and NSE.
Prasol Chemicals is launching an initial public offering (IPO) to raise Rs 500 crore. The issue will be open from September 8 to 10. The price band is Rs 643-676, and the lot size is 22 shares. This includes a fresh issue of Rs 80 crore and an OFS of Rs 420 crore. Allotment is expected on September 11 and listing on September 16.
Kanahar Electricals’ IPO of Rs 1,055.74 crore will also be open from September 8 to September 10. Its price band is Rs 601 to Rs 632, and the minimum lot size is 23 shares. The issue consists of a fresh issue of Rs 300 crore and an OFS of Rs 755.74 crore. Allotment is expected on September 11, and listing on September 16 on the BSE and NSE.
6 IPOs to open bidding window on Sept 9
Wednesday will be the busiest day in the primary market. On that day Karmatara Engineering IPO, LCC Projects IPO, Steamhouse India IPO, Manipal Payment & Identity Solutions IPO, Asset Reconstruction Company IPO and Rentomojo IPO will open their bidding process.
Karmatara Engineering IPO
The company’s initial public offering (IPO) is Rs 875 crore and will be open from September 9 to 11. The price band is Rs 241 to Rs 254, with a lot size of 59 shares. This includes a fresh issue of Rs 675 crore and an OFS of Rs 200 crore from promoters. Allotment is expected on September 15, and listing on September 17.
LCC Projects IPO
The company is launching an initial public offering (IPO) worth Rs 427.14 crore. The issue will be open from September 9 to 11. The price band is Rs 139 to Rs 146, with a lot size of 102 shares. This includes a fresh issue of Rs 258 crore and an OFS of Rs 169.14 crore. Allotment is expected on September 15, and listing is expected on September 17.
Steamhouse India IPO
The company’s initial public offering (IPO) is worth Rs 414 crore and will be open from September 9 to 11. This includes a fresh issue of Rs 353 crore and an OFS of Rs 61 crore. The company has not yet released the price band and lot size. Allotment is expected on September 15, and listing on September 17.
Manipal Payments and Identity Solutions IPO
The company’s Rs 805 crore initial public offering (IPO) will be open from September 9 to September 11. The price band is Rs 322 to Rs 339, with a lot size of 44 shares. The issue comprises a fresh issue of Rs 320 crore and an OFS of Rs 485 crore from promoter Manipal Technologies. Allotment is expected on September 15, and listing on September 17.
Asset Reconstruction Company IPO
The company is launching an initial public offering (IPO) of Rs 732.97 crore. The issue will be open from September 9 to September 11. The price band is Rs 132 to Rs 139, and the lot size is 107 shares. The entire issue is an OFS with approximately 52.7 million shares being sold. There is no fresh issue. Allotment is expected on September 15 and listing on September 17 on the BSE and NSE.
Rentomojo IPO
Rentomojo’s Rs 1,255.57 crore IPO will be open from September 9 to 11. The company has set a price band of Rs 384 to Rs 404 per share and a lot size of 37 shares. The issue comprises a fresh issue of Rs 150 crore and an OFS of approximately Rs 1,105.57 crore. Allotment is expected on September 15 and listing on September 17.
Veegaland Developers IPO
Veegaland Developers’ Rs 210 crore IPO will open on September 10 and accept offers till September 15. The price band is Rs 130-140, with a lot size of 107 shares. The entire issue is a fresh issue and does not include any OFS. Allotment is expected on September 16, while the shares are expected to be listed on the BSE and NSE on September 18.