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Seven IPOs to hit the market amid robust activity in India's primary market

| @indiablooms | Aug 19, 2024, at 06:18 am

Mumbai: Despite mixed sentiments in the Indian secondary market, the primary market remains active. Seven companies are set to launch Initial Public Offerings (IPOs) this week, with two in the mainboard and five in the SME segment. Here’s a summary of the upcoming IPOs:

Mainboard IPOs:

1. Interarch Building Products IPO:

   Issue Size: Rs 600.29 crores

   Fresh Issue: 0.22 crore shares totaling Rs 200.00 crores

   Offer for Sale: 0.44 crore shares totaling Rs 400.29 crores

   Subscription Period: August 19, 2024 – August 21, 2024

   Allotment Finalization: August 22, 2024

   Listing Date: August 26, 2024 (BSE and NSE)

   - Price Band: Rs 850 – Rs 900 per share

   - Minimum Lot Size: 16 shares

   - Minimum Investment for Retail Investors: Rs 14,400

2. Orient Technologies IPO:

   Issue Size: Rs 214.76 crores

   Fresh Issue: 0.58 crore shares totaling Rs 120.00 crores

   Offer for Sale: 0.46 crore shares totaling Rs 94.76 crores

   Subscription Period: August 21, 2024 – August 23, 2024

   Allotment Finalization: August 26, 2024

   Listing Date: August 28, 2024 (BSE and NSE)

   Price Band: Rs 195 – Rs 206 per share

   Minimum Lot Size: 72 shares

   Minimum Investment for Retail Investors: Rs 14,832


SME Segment IPOs:

1. Brace Port Logistics IPO:

   Subscription Period: August 19, 2024 – August 21, 2024

   Price Band: Rs 76 – Rs 80 per share

2. Forcas Studio Logistics IPO:

   Subscription Period: August 19, 2024 – August 21, 2024

   Price Band: Rs 77 – Rs 80 per share

3. Ideal Technoplast Industries IPO:

   Subscription Period: August 21, 2024 – August 23, 2024

   Price: Rs 121 per share

4. QVC Exports IPO:

   Subscription Period: August 21, 2024 – August 23, 2024

   Price: Rs 86 per share

5. Resourceful Automobile IPO:

   Subscription Period: August 22, 2024 – August 26, 2024

   Price: Rs 117 per share

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