IPOs next week: The primary market saw major listings in the main board and small and medium enterprise (SME) segments this month, which maintained investor interest in subscriptions and listings. The first week of November is marked by a strong buzz in the market – also filled with new listings and initial public offering (IPO) issues, available for subscription.
“In the primary market, during the week of October 22-27, Blue Jet Healthcare Limited’s IPO was opened to raise ₹840.27 billion. The current trend in the Indian IPO market has immense potential and is witnessing a remarkable increase in recent years,” said Mahavir Lunawat, Managing Director, Pantomath Capital Advisors Pvt. Ltd, a mid-sized investment bank.
“In the coming months, significant momentum is expected in the Indian IPO market. Next week looks promising, the focus is on Cello World and Honasa Consumer opens to raise ₹3,601 crore funds,” Lunawat added.
Among the current issues, the IPO of Paragon Fine And Specialty Chemicals Limited will close on Monday, October 30. KK Shah Hospitals Limited IPO and Shanthala FMCG Products Limited IPO will close on Tuesday, October 31. Additionally, the Maitreya Medicare Limited IPO will close on Wednesday, November 1st.
Let’s take a look at some of the companies opening for subscription this week, as well as a few that are publicly traded.
Cello World IPO
The Motherboard issue opens for subscription on Monday October 30 and closes on November 1, 2023. This is an issue built in book of ₹1,900.00 billion. The issue is entirely an offer for sale of 2.93 crore shares. The Cello World Limited IPO price range is set at ₹617 to ₹648 per share. The problem was raised ₹567 crore key investors before bidding.
Honasa Consumer Limited IPO
The Motherboard IPO opens for subscription on Tuesday, October 31 and closes on November 2, 2023. This is a book-built issue ₹1,701.00 billion. The number includes a new number of ₹365.00 crore and offer for sale of 4.12 crore shares. The Honasa Consumer Limited IPO price range is set at ₹308 to ₹324 per share.
Transteel Seating Technologies IPOThe SME IPO opens for subscription on October 30 and closes on November 1, 2023. This is a sterling issue of ₹49.98 million. The issue is a combination of a fresh issue of 67.84 lakh shares totaling ₹47.49 crore and offer for sale of 3.56 lakh shares totaling ₹2.49 million. The price range for the Transteel Seating Technologies IPO is set at ₹67 to ₹70 per share.
Vrundavan Plantation IPOThe SME IPO opens for subscription on October 30 and closes on November 1, 2023. It is a fixed price issue of ₹15.29 million. The issue is entirely a fresh issue of 14.16 lakh shares. The IPO price of Vrundavan Plantation is ₹108 per share.
Mish Designs IPOThe SME IPO opens for subscription on October 31 and closes on November 2, 2023. It is a fixed price issue of ₹9.76 million. The issue is entirely a fresh issue of 8 lakh shares. Mish Designs IPO price is ₹122 per share.
IPO of SAR TeleventureThe SME IPO opens for subscription on November 1 and closes on November 3, 2023. This is a sterling issue of ₹24.75 million. The issue is entirely a fresh issue of 45 lakh shares. The price range for the SAR Televenture IPO is set at ₹52 to ₹55 per share.
Baba Food Processing IPOThe SME IPO opens for subscription on November 3 and closes on November 7, 2023. This is a sterling issue of ₹33.00 million. The question is entirely new. The Baba Food Processing IPO price range is set at ₹72 to ₹76 per share.
Rajgor Castor Derivatives IPO: Shares of Rajgor Castor Derivatives will be listed on NSE SME on Tuesday, October 31. The shares will be credited to the dematant accounts on October 30.
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