In the upcoming week starting September 25, Dalal Street is set to witness a surge in Initial Public Offers (IPOs), with 18 companies collectively aiming to raise over Rs 4,000 crore. This includes four offerings in the mainboard segment, alongside five ongoing issues. Mainboard Segment: JSW Infrastructure, a port-related infrastructure company, is set to open its IPO on September 25. It aims to raise Rs 2,800 crore with a price band of Rs 113-119 per share. The offer will close on September 27. Updater Services, a facility management services company, will also open its Rs 640-crore public issue during the same period, with a price band of Rs 280-300 per share. Pharma company Valiant Laboratories is scheduled to open on September 27, with a price band of Rs 133-140 per share, aiming to raise Rs 152.46 crore. The bidding for the IPO by Delhi-based Plaza Wires will commence from September 29 and conclude on October 4. The IPO has a price band of Rs 51-54 per share, with an aim to raise Rs 71.28 crore. Manoj Vaibhav Gems N Jewellers, known by its brand name Vaibhav Jewellers, will close its Rs 270 crore maiden public issue on September 26. The offer, with a price band of Rs 204-215, has been subscribed to 13 percent thus far. SME Segment: The SME segment is set to steal the spotlight, with 12 IPOs worth Rs 431 crore scheduled to launch next week. Five of them, namely Arabian Petroleum, Newjaisa Technologies, Inspire Films, Saakshi Medtech and Panels, and Digikore Studios, will open on September 25 and close on September 27. Arabian Petroleum aims to raise Rs 20.24 crore at a price of Rs 70 per share. Newjaisa Technologies has set a price band at Rs 44-47 per share. Inspire Films’ range is Rs 56-59 per share. Saakshi Medtech and Panels is listed at Rs 92-97 per share. Digikore Studios’ range is Rs 168-171 per share. Newjaisa Technologies aims to raise Rs 39.93 crore, Inspire Films Rs 21.23 crore, Saakshi Medtech and Panels Rs 45.16 crore, and Digikore Studios Rs 30.48 crore at the upper band. Additionally, several other SME IPOs are scheduled as follows: Sunita Tools: Rs 22.04 crore IPO (September 26-28) City Crops Agro: Rs 15 crore IPO (September 26-29) Kontor Space: Rs 15.62 crore IPO (September 27-29) Goyal Salt: Rs 18.63 crore IPO (September 26-29) Furthermore, three IPOs by E Factor Experiences, Vinyas Innovative Technologies, and Canarys Automations will be open for subscription between September 27 and October 3. In conclusion, the IPO market is witnessing an unprecedented surge, with companies across sectors looking to tap into the market. This week promises significant activity, with both mainboard and SME offerings vying for investor attention. Stay tuned for further developments.
