IPO Frenzy: Groww, Shreeji, Finbud, and Curis Kick Off Their Listings; Five New Listings To Debut Next Week

Strategic Insights -

The IPO market is gearing up for an exciting week ahead with one mainboard IPO and three SME offerings set to open, alongside five new listings lined up for debut on the bourses. The week promises to be action-packed, with the Groww IPO, launched by Billionbrains Garage Ventures, taking center stage. This public issue, worth Rs 6,632.30 crore, will open for bidding on November 4 and close on November 7, with a price band of Rs 95--100 per share.

Key Takeaways:

  • Groww IPO, launched by Billionbrains Garage Ventures, will open for bidding on November 4 and close on November 7, with a price band of Rs 95--100 per share.
  • The issue comprises a fresh share sale of Rs 1,060 crore and an offer for sale (OFS) worth Rs 5,572.30 crore, where promoters and several key investors will partially offload their stakes.
  • Three SME companies, Shreeji Global FMCG, Finbud Financial Services, and Curis Lifesciences, will hit the market next week.
  • Shreeji Global FMCG will open its Rs 85 crore issue on November 4, closing on November 7, with a price band of Rs 120--125 per share.
  • Finbud Financial Services' Rs 71.68 crore public issue will open on November 6 and close on November 10, priced between Rs 140--142 per share.
  • Curis Lifesciences' Rs 27.52 crore issue will open on November 7 and run till November 11, with a price band of Rs 120--Rs 128 per share.
  • Five new listings, including Jayesh Logistics, Game Changers Texfab, Orkla India, Safecure Services, and Studds Accessories, will make their debut on the bourses next week.
  • The shares of these new listings are expected to list on different dates, ranging from November 3 to November 7.

Statistics:

  • The Groww IPO worth Rs 6,632.30 crore will have a lot size of 150 shares and will open for bidding on November 4.
  • The IPO comprises a fresh share sale of Rs 1,060 crore and an offer for sale (OFS) worth Rs 5,572.30 crore.
  • The Shreeji Global FMCG IPO will be a fresh issue worth Rs 85 crore, priced at Rs 120--125 per share.
  • The Finbud Financial Services' public issue will be worth Rs 71.68 crore, priced between Rs 140--142 per share.
  • The Curis Lifesciences' issue will be worth Rs 27.52 crore, priced at Rs 120--Rs 128 per share.

Sources:

  • IE Online Media Services Pvt. Ltd.
  • Contify.com