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Initial public offerings

Upcoming IPOs in India: A Week of Seven Debutants

Strategic Insights

— 2 min read

The Indian primary market remains active despite mixed sentiments in the secondary market, with seven companies set to launch Initial Public Offerings (IPOs) this week. The mainboard segment will witness two IPOs, including Interarch Building Products and Orient Technologies, while the SME segment will host five IPOs, including Brace Port Logistics and Forcas Studio Logistics. These IPOs are expected to raise a significant amount, with Interarch Building Products aiming to raise Rs 600.29 crores, followed by Orient Technologies, which aims to raise Rs 214.76 crores.

Key Takeaways:

  • Seven companies are set to launch IPOs in India this week, with two in the mainboard and five in the SME segment.
  • Interarch Building Products is set to raise Rs 600.29 crores, with an issue size of 0.22 crore shares and an offer for sale of 0.44 crore shares.
  • Orient Technologies aims to raise Rs 214.76 crores, with an issue size of 0.58 crore shares and an offer for sale of 0.46 crore shares.
  • Brace Port Logistics and Forcas Studio Logistics are set to launch their IPOs in the SME segment, with a price band of Rs 76-80 per share and Rs 77-80 per share, respectively.
  • Ideal Technoplast Industries, QVC Exports, and Resourceful Automobile are also set to launch their IPOs in the SME segment, with a price of Rs 121, Rs 86, and Rs 117 per share, respectively.
  • The mainboard IPOs of Interarch Building Products and Orient Technologies are set to list on August 26, 2024, on the BSE and NSE, while the SME IPOs are expected to list shortly after.

Statistics:

  • Seven IPOs are set to launch in India this week, the highest in recent history.
  • Interarch Building Products aims to raise Rs 600.29 crores, the highest issue size among the upcoming IPOs.
  • The SME segment will host five IPOs this week, a significant increase from previous months.
  • The price bands for the SME IPOs range from Rs 76 to Rs 121 per share.
  • The mainboard IPOs of Interarch Building Products and Orient Technologies are expected to list on August 26, 2024.

Sources:

  • "Mumbai, Aug. 19 -- Despite mixed sentiments in the Indian secondary market, the primary market remains active." (India Blooms)
  • "Seven companies are set to launch Initial Public Offerings (IPOs) this week, with two in the mainboard and five in the SME segment." (India Blooms)
  • "Interarch Building Products IPO: Issue Size: Rs 600.29 crores" (India Blooms)
  • "Orient Technologies IPO: Issue Size: Rs 214.76 crores" (India Blooms)
  • "Brace Port Logistics IPO: Subscription Period: August 19, 2024 August 21, 2024" (India Blooms)

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