IPO market to witness 3 issues, 12 listings next week
Next week, India's primary market is gearing up for the launch of three initial public offerings (IPOs) in the small and medium-sized enterprises (SME) segment. The companies making their way into the market include Subam Papers, Paramount Dye Tec, and NeoPolitan Pizza and Foods. And that's not all—12 companies that recently wrapped up their IPO process, are also set to make their debut on the stock exchanges.
A look at Subam Papers
Subam Papers, which makes Kraft paper and paper products, is rolling out its SME IPO on September 30. The price band for the offering is set between ₹144 and ₹152 per share, and it'll be open for bidding until October 3. Investors can start with a minimum of one lot, which has 800 shares, and can bid in multiples after that. Gretex Corporate Services is handling this IPO, while Bigshare Services is the registrar.
What about Paramount Dye Tec?
Paramount Dye Tec, a synthetic fiber and yarn maker, is all set to launch its SME IPO on September 30. The price range for this offering is between ₹111 and ₹117 per share, and the bidding process will close on October 3. Just like Subam Papers, Gretex Corporate Services is handling this issue too, while Bigshare Services will be the registrar.
NeoPolitan to launch IPO on September 30
NeoPolitan Pizza and Foods is all set to kick off its IPO on September 30. This offering, which wraps up on October 4, involves a fresh equity sale of six million shares. If you're eyeing this, the issue price is ₹20 at the upper end, and investors can bid for a minimum of one lot, which includes 6,000 shares. Turnaround Corporate Advisors has got the reins on managing this issue, while Bigshare Services will handle the registrar tasks.
12 IPOs set to make their debut next week
Along with the three new IPOs, 12 companies that recently wrapped up their IPO process are gearing up for their market debut. KRN Heat Exchanges, for instance, saw a massive subscription of over 200 times. The upcoming months are set to be quite busy too, with major players like Hyundai India, Swiggy, Waaree Energies, and NTPC Green planning to hit the public markets.
