If you have been waiting for the right time to invest in an IPO, this week could be full of opportunities.
Starting July 20, the primary market is set to witness a busy schedule with seven IPOs opening and five companies making their stock market debut.
So far, the companies that have announced their price bands are expected to raise around ₹5,254 crore.
Since Indo MIM and Lohia Corp are yet to announce their price bands, the total fundraising could increase further.
Cube Highways Trust IPO Opens on July 22
The first mainboard IPO of the week will be Cube Highways Trust, which will open for subscription on July 22 and close on July 24.
The company has fixed a price band of ₹151 to ₹152 per share and plans to raise ₹5,000 crore.
This is a pure Offer for Sale (OFS), which means the company will not receive any fresh funds.
Instead, the money raised will go to the existing unit holders selling their shares.
Three Mainboard IPOs to Launch Together
On July 23, three more companies will open their IPOs.
These are Indo MIM, Lohia Corp, and Extranet Technologies. All three issues will remain open until July 27.
Extranet Technologies plans to raise ₹170 crore through a completely fresh issue.
The company has fixed a price band of ₹120 to ₹127 per share.
The funds will be used to repay debt, buy systems and hardware, meet working capital needs, and support other business activities.
Indo MIM, a Bengaluru-based precision engineering company, will launch an IPO consisting of a ₹500 crore fresh issue along with an Offer for Sale of 68.2 lakh shares.
A major part of the fresh funds will be used to reduce the company’s debt.
Lohia Corp, based in Kanpur, manufactures technical textile machinery.
Its IPO will also be a pure Offer for Sale, meaning the company will not receive any fresh capital from the issue.
Three SME IPOs Also Opening This Week
The SME segment will also remain active with three new IPOs.
Gulf Lloyds India will launch its ₹18.19 crore fixed-price IPO on July 20.
Metallic Technoforge will open its ₹50 crore IPO on July 21. The company plans to use the funds to set up a new manufacturing unit, expand its existing plant, and repay debt.
Shri Balaji Mala Textiles will open its ₹18.9 crore IPO on July 22. The proceeds will mainly be used for working capital requirements and general corporate purposes.
IPOs Already Open for Investors
Some IPOs launched earlier will also remain in focus this week.
Calibre Mining & Logistics will close its ₹450 crore IPO on July 21. So far, the issue has been subscribed 1.21 times.
Meanwhile, the SME IPO of Sotefin India will remain open for subscription until July 20.
Five Companies Set to Make Stock Market Debut
Apart from new IPOs, five companies are scheduled to list on the stock exchanges this week.
On July 21, SBI Funds Management, Alpine Texworld, and Millworks Technologies will make their market debut.
This will be followed by the listing of Sotefin Bharat on July 23 and Calibre Mining & Logistics on July 24.
According to the gray market, Millworks Technologies is currently trading at the highest premium of around 117%.
Calibre Mining & Logistics is trading at a premium of about 27%, while SBI Funds Management is showing a premium of nearly 16%. Alpine Texworld, however, has received a relatively weak response in the gray market so far.
