The primary market will remain active in the holiday-shortened week beginning December 22. Investors will have the chance to subscribe to 11 new initial public offerings (IPOs), while five companies are scheduled to make their debut on the stock exchanges. Together, these IPOs are expected to raise slightly more than Rupees 755 crore.
Gujarat Kidney & Super Speciality leads with mainboard IPO
The only mainboard IPO opening next week is Gujarat Kidney & Super Speciality, a hospital chain operator based in Gujarat. The company plans to raise Rupees 250.8 crore via its maiden public issue.
The IPO will open for subscription on December 22 and close on December 24. The price band has been set between Rupees 108 and 114 per share. The company has raised Rupees 100 crore through its anchor book on December 19.
Ten SME IPOs lined up
The rest of the IPO activity will come from the SME segment. Four companies-Dachepalli Publishers, Shyam Dhani Industries, Sundrex Oil, and EPW India-will open their offers on December 22 and close on December 24.
Dachepalli Publishers, which produces educational content, aims to raise Rupees 40.4 crore at the upper end of its price band of Rupees 100-102 per share. Shyam Dhani Industries, a spices manufacturer, has set its price band at Rupees 65-70 per share for a Rupees 38.5-crore issue.
Sundrex Oil, which makes industrial and automotive lubricants, will raise about Rupees 32 crore with a price band of Rupees 81-86 per share. EPW India, a company dealing in refurbished laptops and desktops, will also raise around Rupees 32 crore with a price band of Rupees 95-97 per share.
On December 23, five more IPOs will open-Bai Kakaji Polymers, Dhara Rail Projects, Apollo Techno Industries, Admach Systems, and Nanta Tech. These issues will close on December 26, as December 25 is a public holiday.
Bai Kakaji Polymers, which makes PET preforms, plastic caps, and closures, is raising more than Rupees 105.2 crore at a price band of Rupees 177-186 per share. Dhara Rail Projects, which provides maintenance and repair services for railway rolling stock systems, has fixed its price band at Rupees 120-126 per share for an issue worth over Rupees 50 crore. Apollo Techno Industries, a drilling equipment manufacturer, will raise Rupees 48 crore at a price band of Rupees 123-130 per share.
Admach Systems, which builds customised special purpose machines and automation systems, has set its price band at Rupees 227-239 per share for a Rupees 43-crore issue. Nanta Tech, an audio-visual solutions provider, is raising nearly Rupees 32 crore at a price band of Rupees 209-220 per share.
The final IPO of the week will be E to E Transportation Infrastructure, which provides system integration and engineering solutions for the railway sector. Its Rupees 84-crore issue will open on December 26 with a price band of Rupees 164-174 per share.
Meanwhile, Phytochem Remedies, a corrugated boxes and board solutions maker, will close its Rupees 38.2-crore IPO on December 22. This fixed-price offer opened on December 18.
Five companies to list next week
On the listings front, five companies will debut on the exchanges in the coming week.
KSH International, a magnet winding wires manufacturer, will be the only mainboard listing. Its Rupees 710-crore IPO, which was subscribed 83 percent, will list on both BSE and NSE on December 23.
In the SME segment, Neptune Logitek will list on BSE SME on December 22. Global Ocean Logistics India and MARC Technocrats will debut on December 24, on BSE SME and NSE Emerge respectively. Phytochem Remedies (India) will be the last to list, debuting on BSE SME on December 26.
