Primary Market 8 IPO Launches

Primary Market Buzz: 8 IPO Launches and 8 Listings Set for Next Week – Details Inside

Next week promises to be eventful for market participants, with eight companies launching their initial public offerings (IPOs) and eight new stocks set to begin trading on the bourses. These activities will be focused on the small and medium enterprise (SME) segment, with a total of Rs 410 crore expected to be raised through public issues, including a Rs 150-crore follow-on public offer (FPO) by SAR Televenture. The mainboard segment, however, remains quiet, possibly due to companies awaiting the passage of the Union Budget.

Upcoming IPOs

RNFI Services IPO

Opening Date: July 22
Price Band: Rs 98-105 per share
Amount to be Raised: Rs 70.81 crore (upper price band)
Details: Solely a fresh issue of 67.44 lakh equity shares. Proceeds will be used for working capital, purchase of micro ATMs/laptops/servers, technology infrastructure enhancement, and inorganic growth.
Anchor Investors: Chartered Finance & Leasing, India – Ahead Venture Fund, Finavenue Growth Fund, Steptrade Revolution Fund, Kingsman Wealth Fund PCC KIF II, and Perennial Emerging Growth Fund.

SAR Televenture FPO

Opening Date: July 22
Price Band: Rs 200-210 per share
Amount to be Raised: Rs 150 crore
Details: Funds will be used for setting up Fiber-to-the-Home (FTTH) network solutions for 300,000 home passes, 1,000 4G/5G telecom towers, working capital, and general corporate purposes.
Anchor Investors: BOFA Securities Europe SA-ODI, Negen Undiscovered Value Fund, Ativir Alternative Investment Fund, Zeta Global Fund, and Nexus Global Opportunities Fund.

VL Infraprojects IPO

Opening Date: July 23
Price Band: Rs 39-42 per share
Amount to be Raised: Rs 18.52 crore
Details: Proceeds will be used for working capital requirements and general corporate purposes.

VVIP Infratech IPO

Opening Date: July 23
Price Band: Rs 91-93 per share
Amount to be Raised: Rs 61.21 crore
Details: Funds will be used for capital expenditure, working capital requirements, and general corporate purposes.

Chetana Education IPO

Opening Date: July 24
Price Band: Rs 80-85 per share
Amount to be Raised: Rs 45.9 crore
Details: Proceeds will be used for repaying debts, working capital requirements, and general corporate purposes.

Manglam Infra and Engineering IPO

Opening Date: July 24
Price Band: Rs 53-56 per share
Amount to be Raised: Rs 27.62 crore
Details: Funds will be used for working capital requirements.

Clinitech Laboratory IPO

Opening Date: July 25
Price Band: Rs 96 per share
Amount to be Raised: Rs 5.78 crore
Details: Proceeds will be used to expand diagnostic centers.

Aprameya Engineering IPO

Opening Date: July 25
Price Band: Rs 56-58 per share
Amount to be Raised: Rs 29.23 crore
Details: Funds will be used for incremental working capital requirements.

Listings

July 22: Prizor Viztech and Sati Poly Plast on NSE Emerge; Three M Paper Boards and Aelea Commodities on BSE SME.
July 23: Tunwal E-Motors on NSE Emerge.
July 24: Macobs Technologies and Kataria Industries on NSE Emerge.

Mainboard Segment

Sanstar IPO:
- Closing Date: July 23
- Subscription Status: Subscribed 4.16 times
- Details: Ahmedabad-based company manufacturing plant-based speciality products and ingredient solutions. Trading starts on July 26.

Conclusion

Next week promises a flurry of activity in the primary market, with eight IPOs launching and eight new listings set to commence trading. This wave of public issues, primarily in the SME segment, presents multiple investment opportunities, collectively aiming to raise Rs 410 crore. Market participants can look forward to diverse offerings, from financial technology solutions and telecommunications to education and infrastructure projects.

The standout IPOs include RNFI Services, aiming to raise Rs 70.81 crore, and SAR Televenture’s substantial Rs 150-crore follow-on public offer. Investors should also watch for the debut of Tunwal E-Motors on the NSE Emerge on July 23, following its positive IPO launch.

As companies leverage IPO proceeds for strategic growth, capital expenditures, and technological advancements, these public offerings underscore the dynamic and evolving landscape of India’s SME sector. Stay tuned for the latest developments and seize the investment opportunities as these companies make their mark on Dalal Street.

FAQs

How many IPOs are launching next week?
A total of eight IPOs will be launched next week.
Which segment are the IPOs focused on?
All the IPOs are focused on the SME segment.
What is the total amount expected to be raised through these IPOs?
The total amount expected to be raised is Rs 410 crore.
What are the details of the RNFI Services IPO?
RNFI Services IPO will open on July 22 with a price band of Rs 98-105 per share, aiming to raise Rs 70.81 crore. The funds will be used for working capital, technology infrastructure, and other strategic initiatives.
What is the price band for SAR Televenture FPO?
The price band for SAR Televenture FPO is Rs 200-210 per share.
Which IPO has the highest amount to be raised?
The SAR Televenture FPO aims to raise the highest amount of Rs 150 crore.
When will Tunwal E-Motors list its shares?
Tunwal E-Motors will list its shares on July 23 on the NSE Emerge.
What is the subscription status of the Sanstar IPO?
The Sanstar IPO has been subscribed 4.16 times as of now.
When will the Sanstar IPO close?
The Sanstar IPO will close on July 23.
When will the new stocks begin trading?
The new stocks will begin trading on July 22, 23, and 24.