The Indian IPO market is witnessing unprecedented growth and this year there has been a huge surge in new issues. What is special is that in terms of IPOs, the coming week may be the biggest and most important for investors. 13 IPOs will be held next week to generate revenue for investors. Analysts said that this surge in IPOs reflects the growing confidence of investors, indicating an environment for raising capital.
Of the 13 new IPOs that will take place next week, 4 will be in the motherboard segment, which also includes the much-awaited offering by Bajaj Housing Finance. Meanwhile, around 9 new issues will be seen in the SME segment. On the other hand, apart from the new launches, the quotes of those 8 companies that have benefited from the stock market in the last week will also be seen on the street.
Pantomath Capital Advisors said in a media report that the Indian IPO market environment remains promising. Pantomath Capital has estimated that domestic companies can raise over Rs 1.50 lakh crore through IPOs in the next 12 months. Let us also tell you which company IPOs are coming from the motherboard to SMEs.
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Bajaj Housing Finance IPO (9th September – 11th September)
Bajaj Housing Finance, promoted by Bajaj Finance and Bajaj Finserv, will raise approximately Rs 6,560 crore through a public issue, comprising fresh capital of Rs 3,560 crore and OFS of Rs 3,000 crore. The price band for this issue has been fixed at Rs 66-70 per share. Around 50 per cent of the offer is reserved for QIBs, 15 per cent for NIIs and the remaining 35 per cent for retail investors. The funds raised from the public issue will be used to augment the company’s capital base to meet future business requirements for further borrowings.
Cross Limited IPO (9 September – 11 September)
The Jamshedpur-based company’s Rs 500-crore IPO includes fresh capital of up to Rs 250 crore and OFS of Rs 250 crore. Under OFS, Sudhir Rai and Anita Rai will sell part of their stake in the company. The company has fixed a price band of Rs 228 to Rs 240 per share, where investors can bid for 62 shares in one lot.
Tollins Tires IPO (9 September – 11 September)
The issue of Tollins Tyres comprises fresh equity of Rs 200 crore and OFS of Rs 30 crore. According to the OFS, promoters Kalamparambil Varkey Tollin and Jerin Tollin will sell a partial stake in the company. The price band for the issue has been fixed at Rs 215-226 per share. Of the IPO proceeds of Rs 200 crore, Rs 75 crore will be used to meet long-term capital expenditure requirements. Rs 62 crore will be used for first-time redemption. In addition, approximately Rs 24 crore will be used to invest in the company’s subsidiary Tolin Rubbers to repay its debt and meet its working capital requirements.
PN Gadgil Jewellers IPO (September 10 – September 12)
PN Gadgil Jewellers, Maharashtra’s second-largest organised jewellery company, has priced its IPO at Rs 456-480 per share. The company’s IPO includes a fresh issue of Rs 850 crore and OFS of Rs 250 crore. According to the OFS, promoter SVG Business Trust will sell part of the equity. The funds raised through the IPO will be used for setting up 12 new stores in Maharashtra, repaying borrowings and other general corporate purposes.
9 SMI IPOs to be launched
Around 9 companies will file for public issue in the SME segment. These include Gajanand International, Share Samadhan, Shubhshree Biofuels, Trafficsol ITS Technologies, SPP Polymer, Innomet Advanced Materials, Excellent Wires and Envirotech Systems. While the three-day IPOs of Gajanand International, Share Samadhan and Shubhashree Biofuels will open on September 9, Trafficsol ITS Technologies and SPP Polymers will open their public offerings on September 10. The issues of Innomate Advanced Materials and Excellent Wires will open for subscription on September 11 and will close on September 13. On the other hand, Envirotech Systems will launch its IPO on September 13.
