IPOs this week: 9 companies, including 3 mainboard listings and 6 SMEs, to list; expected to raise over ₹4,000 crore

The week starting on August 26 is set to be a whirlwind for the stock market, with nine initial public offerings (IPOs) opening for subscription and eight companies preparing for their market debut. The positive momentum in the secondary market adds to the excitement.

List of IPOs coming week

Next week’s IPOs are expected to collectively raise over ₹4,000 crore, not including the offer-for-sale (OFS) portion of Baazar Style Retail, whose price band is yet to be announced.

1. Premier Energies IPO

Launching on August 27, Premier Energies, a solar cell and module manufacturer backed by South Asia Growth Fund, is the first mainboard IPO of the week. With a price band of ₹427-450 per share, the ₹2,830.40-crore IPO includes a fresh issue of shares worth ₹1,291.4 crore and an OFS valued at ₹1,539 crore. The IPO closes on August 29.

2. ECOS India Mobility & Hospitality IPO

ECOS India, a chauffeur-driven car rental service provider, will open its ₹601.2-crore IPO on August 28, with a price band set at ₹318-334 per share. This IPO is purely an OFS, with no new shares being issued. The public issue closes on August 30.

3. Baazar Style Retail IPO

Baazar Style Retail, backed by Rekha Rakesh Jhunjhunwala, will begin its IPO on August 30. The company is expected to announce its price band on Monday. The IPO will include a fresh issue of up to ₹148 crore and an OFS of 1,76,52,320 equity shares. The subscription period ends on September 3.

4. Indian Phosphate IPO

The first SME IPO of the week, Indian Phosphate, opens on August 26 and closes on August 29. The company plans to raise ₹67.36 crore through the issue of 68.04 lakh shares at a price band of ₹94-99 per share. Indian Phosphate produces LABSA 90%, an essential ingredient in various detergents and cleaners.

5. Jay Bee Laminations IPO

Jay Bee Laminations, a manufacturer of electrical laminations and cores, will open its ₹89-crore IPO on August 27, closing on August 29. The price band is set at ₹138-146 per share. The IPO includes a fresh issue of 45.7 lakh shares worth ₹66.72 crore and an OFS of 15.23 lakh shares valued at ₹22.24 crore.

6. Vdeal System IPO

Vdeal System, an electrical and automation solutions provider, aims to raise ₹18.08 crore through a fixed-price issue of 16.14 lakh shares at ₹112 per share. The IPO opens on August 27 and closes on August 29.

7. Paramatrix Technologies IPO

The tech solutions company Paramatrix Technologies will launch its ₹33.84-crore IPO on August 27. The offering includes a fresh issue of 27.58 lakh shares, aiming to raise ₹30.35 crore, along with an OFS of 3.18 lakh shares worth ₹3.5 crore. The issue is priced at ₹110 per share.

8. Aeron Composite IPO

Aeron Composite, a manufacturer of glass fibre-reinforced polymer products, will open its maiden IPO on August 28. The company seeks to raise ₹56.10 crore through a fresh issue of 44.88 lakh shares priced between ₹121-125 per share. The IPO closes on August 30.

9. Archit Nuwood Industries IPO

Archit Nuwood Industries, a manufacturer of MDF and HDF boards, will launch its ₹168.5-crore IPO on August 30, with a price band of ₹257-270 per share. The IPO, which includes a fresh issue of 62.4 lakh equity shares, will close on September 3. This is one of the largest IPOs in the SME segment.

New listings to watch

Interarch Building Products and Orient Technologies are set to make their debut on the main bourses, while the NSE Emerge platform will welcome Forcas Studio, Brace Port Logistics, Ideal Technoplast Industries, and QVC Exports. The BSE SME platform will see Resourceful Automobile and Rapid Multimodal Logistics commence trading, adding to the week's excitement.

Collectively, the week's IPOs are expected to raise over ₹4,000 crore, excluding Baazar Style Retail's offer-for-sale portion.

How did IPOs fare this week?

This week witnessed robust investor engagement in the public offerings of Interarch Building Products and Orient Technologies. Interarch Building Products saw remarkable demand, with its IPO being oversubscribed by 93.79 times by the close of its subscription on Wednesday, August 21, 2024. The allotment process for this IPO was finalized on August 23, 2024.

On the other hand, Orient Technologies has also attracted strong interest, with its IPO being oversubscribed 16.95 times by the end of the second day of bidding. The subscription period for this offering concluded on August 23.