Around 10 companies are set to bring their IPOs in the week starting Monday, while five companies are still waiting to be listed.
Among these, Vikran Engineering and Enlon Healthcare are the two mainboard IPOs opening for subscription from August 26 to August 29.
In addition to these, eight SME IPOs are also being launched. Some companies like Vikram Solar IPO, Gem Aromatics IPO, and Patel Retail IPO are yet to be listed.
Despite a slow start earlier this year, India’s IPO market has been very active in the last few months. Let’s look at the details of some upcoming IPOs.
Mainboard IPOs
Vikram Engineering IPO
Opens: 26 August to 29 August
Target: Rs 772 crore
Price band: Rs 92–97 per share
Minimum investment for retail: Rs 13,616
Grey market premium: Rs 18
Process: Book-building
The company is led by Rakesh Ashok Markhedkar.
Enlon Healthcare IPO
Opens: 26 August to 29 August
Target: Rs 121.03 crore
Price band: Rs 86–91 per share
Lot size: 164 shares
Minimum investment for retail: Rs 14,104
Enlon Healthcare is a chemical manufacturing company entering the market with this issue.
SME IPOs Opening This Week
NIS Management IPO
Opens: 25 August to 28 August
Size: Rs 60.01 crore (Fresh issue Rs 51.75 crore + OFS Rs 8.26 crore)
Price band: Rs 105–111 per share
Globetier Infotech IPO
Opens: 25 August to 28 August
Size: Rs 31.05 crore
Price per share: Rs 72
Includes both fresh issue and OFS
Sattva Engineering Construction IPO
Opens: 26 August to 29 August
Size: Rs 35.38 crore
Shares issued: 0.47 crore new equity shares
Price band: Rs 70–75 per share
