No new IPO is going to come in the next week i.e. Diwali week. But 8 companies are going to debut in the stock market. In which companies like Vaari Energies, Deepak Builders and Godavari Biorefineries etc. are included. However, the IPO market is going to become more bright in the coming days. 26 companies are preparing to launch IPO to raise Rs 72,000 crore after SEBI approval. On the other hand, there are 55 companies which are waiting for SEBI’s approval to raise Rs 89,000 crore. So far in the current financial year, the fund raise figure of companies through IPO has reached close to Rs 1 lakh crore. It is expected that this data can reach record level by March 2025. Let us also tell you which companies are going to debut in the stock market next week.
Vari Energies will be listed
The IPO of Vaari Energies received a tremendous response from investors. Till the closing of the IPO, the company has received 76 times subscription. However, the issue has set a new IPO record after receiving 97 lakh applications, breaking the previous record set by Bajaj Housing Finance. In the unlisted market, the company’s shares are trading at GMP, almost 100 per cent of the issue price, indicating multibagger gains as early as October 28.
The company proposes to utilize the funds raised from the IPO for key initiatives, including setting up a 6 gigawatt (GW) manufacturing facility for ingots, wafers, solar cells and PV modules in Odisha as well as meeting general corporate objectives. Doing is involved.
Vaari Energies is the largest manufacturer of solar PV modules in India with the largest total installed capacity of 12 GW by June 2024. In FY2024, the company had the second-best operating income among all domestic solar PV module makers in India. It is also expanding its footprint by setting up a 3 GW manufacturing facility in the US, further diversifying its operational capabilities.
Deepak builders will also be listed
Deepak Builders is commanding a GMP of Rs 32 in the gray market, indicating a premium of 16 per cent over the issue price. Deepak Builders’ IPO received a good response from investors and the total subscription was around 41.5 times. According to the draft paper filed last week, the IPO funds will be used to meet the company’s working capital needs of Rs 95 crore and Rs 30 crore to repay debt, besides, a portion will be used for general corporate purposes. Will be done. Deepak Builders is an integrated engineering and construction company, specializing in execution and construction of administrative and institutional buildings, hospitals and medical colleges, industrial buildings, historical monument complexes, stadiums and sports complexes and residential complexes.
