The upcoming week is set to witness a flurry of activity in the primary market, with ten companies gearing up to launch their initial public offerings (IPOs), aiming to raise a combined total of at least Rs 2,400 crore.
Additionally, six ongoing offers are still open for bids, and five companies are slated for listing.
Telangana-based ethnic apparel retailer Sai Silks Kalamandir and Delhi, NCR-based real estate developer Signature Global (India) will lead the charge in the mainboard segment. Their IPOs are scheduled to open on September 20 and close on September 22. Sai Silks seeks to raise Rs 1,201 crore from the issue, with a price band set between Rs 210 and Rs 222 per share. This comprises fresh shares worth Rs 600 crore and an offer-for-sale of 2.7 crore equity shares by the promoter group.
Signature Global, an affordable housing company backed by the International Finance Corporation, has priced its IPO in the range of Rs 366-385 per share. The total issue size stands at Rs 730 crore, consisting of fresh-issue shares worth Rs 603 crore and an offer-for-sale of Rs 127 crore from the IFC.
Vaibhav Jewellers, operating under the brand Vaibhav Jewellers, is set to float its offer between September 22 and September 26. The price band is fixed at Rs. 204-215 per share. The Andhra Pradesh-based jewellery retailer aims to raise Rs 270.20 crore through this IPO, which includes a fresh issue of Rs 210 crore and an offer-for-sale of 28 lakh shares worth Rs 60.2 crore by promoter Grandhi Bharata Mallika Ratna Kumari (HUF).
Privately held Samhi Hotels, backed by prominent investors Equity International, ACIC Mauritius, and Goldman Sachs, will conclude its Rs 1,370.1-crore maiden public issue on September 18.
Zaggle Prepaid Ocean Services, a business spend management platform provider, is set to close its Rs 563.38 crore IPO on September 18.
Leading corporate travel company Yatra Online’s public offer saw a muted response from investors on September 15, the first day of bidding, with only 11 per cent subscription. The Rs 775 crore offer will conclude on September 20.
SME
In the SME segment, three companies-Madhusudan Masala, Techknowgreen Solutions, and Master Components-are gearing up to make their IPO debut on September 18. Madhusudan Masala aims to raise Rs 23.80 crore from the offer with a price band of Rs 66-70 per share. Techknowgreen Solutions and Master Components are planning to mobilise Rs 16.72 crore and Rs 15.43 crore, respectively, with fixed prices per share.
In the coming weeks, three more companies-Hi-Green Carbon, Mangalam Alloys, and Marco Cables & Conductors-will launch their IPOs from September 21-25.
