The Indian stock market is going to be bright next week. 10 new companies are bringing their issues in the market and the listing of 8 companies is also going to happen. These companies aim to raise a total of Rs 1240 crore through their IPOs. In the issue which will be open, 2 will be from the mainboard segment and 8 IPOs will be from SME segment. At the same time, in the listing, 5 companies will be of mainboard segment.
Mainboard segment IPO
Next week, two mainboards will come. In which the first is Vikran Engineering and the second is Anlon Healthcare. Together these two will raise Rs 893 crore. Both IPOs will open on 26 August and will be open for subscription till 29 August. Vikran Engineering, which provides power transmission and water infrastructure service, will raise Rs 772 crore from its IPO. On the other hand, Anlon Healthcare, which creates pharma intermediates and activated pharmaceutical ingredients, is planning to raise Rs 121 crore. The price band of Vikran Engineering has been kept at Rs 92-97 per share and Rs 86-91 per share of Anlon Healthcare.
These issues will be open in SME segment
The IPO will open in the 8 SME segment next week. The first company in this is NIS Management. This company provides security and facility management services. The upper price of its stock is Rs 111 and the company will raise Rs 60 crore. This IPO will be open from 25 to 28 August. At the same time, the issue of Globtier Infotech will also open next week. It is the IT solutions company, which will raise Rs 31 crore at a fixed price of Rs 72 per share. The IPO of Sattva Engineering Construction will also come. This company works as a water infrastructure and wastewater management. The price band of the stock is Rs 70-75, and there is a plan to raise Rs 35.4 crore. This IPO will open on 26 August.
Apart from this, the IPO of Current Inframprojects EPC will also open next week. The company has fixed a price band of Rs 76-80 per share for the issue and the company will raise Rs 41.8 crore through IPO. Oval projections engineering will also keep a lower in the market. It works in the oil and gas sector. Will raise Rs 46.74 crore by selling 54.99 lakh shares. The price band of the stock is Rs 80-85. This IPO will be open till 1 September. It will open on August 28. At the same time, the issue of Sugs Lloyd will also be launched. The company providing power infrastructure services will raise Rs 85.66 crore on a price band of Rs 117-123 per share. This IPO will be launched on 29 August. Abril will also have an IPO of Paper Tech. The company has fixed Rs 61 per share for IPOs. At the same time, his target through IPO is to raise Rs 13.42 crore.