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