The movement in the primary market is going to continue next week. There is a reason for this also. Next week four new Initial Public Offerings (IPOs) are going to open for subscription. Among the mainboard issues, Rajputana Stainless IPO and Innovision IPO will open for bidding in the coming week. Meanwhile, in the SME segment, Apsys Aerocom IPO is scheduled to hit the primary market next week. Apart from the mainboard and SME offering, Highways InvIT IPO will also be launched in the market, which aims to raise Rs 6,000 crore. Apart from these new issues, Assetek E-Commerce IPO, SEDEMAC Mechatronics IPO, Srinibas Pradhan Constructions IPO, and Elfin Agro India IPO are scheduled to debut on the stock exchanges in the coming week. Let us discuss these IPOs in detail…
Rajputana Stainless IPO will open for subscription on March 9 and will close on March 11. This public issue is a book-built offering of Rs 254.98 crore and includes a fresh issue of 1.47 crore shares, giving a total of Rs 178.73 crore and an offer for sale (OFS) of 0.63 crore shares, raising an amount of Rs 76.25 crore. The price band for Rajputana Stainless IPO has been fixed at Rs 116 122 per share. Nirbhay Capital Services Private Limited is acting as the book-running lead manager, while Kfin Technologies Limited is the registrar to the issue.
Innovision IPO will open for subscription on March 10 and will close on March 12. This IPO of Rs 323 crore is a book-built issue consisting of a fresh issue of 0.47 crore shares worth Rs 255 crore and an offer for sale (OFS) of 0.12 crore shares worth Rs 67.84 crore. The price band for Innovision IPO has been fixed at Rs 521 to Rs 548 per share. Emkay Global Financial Services is acting as the book-running lead manager, while Kfin Technologies is the registrar to the issue.
Highway Infra Investment Trust IPO will open for subscription on March 11 and will close on March 13. The issue is a book-built offering of Rs 6,000 crore and comprises a fresh issue of entirely Rs 60 crore shares. The price band for Highway Infra Investment Trust IPO has been fixed at Rs 99100 per share. SBI Capital Markets is the book-running lead manager for the issue, while Kfin Technologies has been appointed as the registrar.
Apsys Aerocom's IPO will open for subscription on March 11 and will close on March 13. The public issue of Rs 35.77 crore is a book-built offering and consists entirely of fresh issue of 0.33 crore shares. The price band for Apsys Aerocom IPO has been fixed at Rs 104 to Rs 110 per share. Oneview Corporate Advisors is acting as the book-running lead manager to the issue, while Integrated Registry Management Services has been appointed as the registrar.
