The upcoming week promises to be eventful for Dalal Street, with five initial public offerings (IPOs) set to make their debut, including three from small and medium enterprises (SMEs). Additionally, two companies will mark their entry into the market for the first time.
SBFC Finance IPO – The Mainboard Offering
The non-banking finance company SBFC Finance aims to raise Rs 1,025 crore with its mainboard offering, scheduled to open for bidding on August 3. The IPO includes a fresh issuance of shares worth Rs 600 crore and an offer for sale of Rs 425 crore by promoters. The price band for the offer is set at Rs 54-57 per share, with bidding closing on August 7. The company plans to utilize the proceeds to bolster its capital base and meet the growing business and asset requirements.
Concord Biotech IPO – Backed by Rakesh Jhunjhunwala’s Firm
Concord Biotech, a biopharma company backed by the late investor Rakesh Jhunjhunwala’s firm RARE Enterprises, is all set to launch its IPO on August 4. The offer for sale (OFS) consists of 2.09 crore equity shares, amounting to 20 percent of the paid-up equity, by Helix Investment Holdings Pte Limited, a private fund operated by Quadria Capital. This IPO is expected to raise around Rs 1,500-1,600 crore, targeting a valuation between $950 million and $1 billion. The price band for the Concord Biotech IPO will be disclosed later, and the anchor book will open on August 3.
SME Offerings: Oriana Power, Vinsys IT Services, and Yudiz Solutions
a. Oriana Power IPO – Solar Energy Solutions Provider
Oriana Power, a solar energy solutions provider, will launch its IPO in the SME segment on August 1, offering shares at a price band of Rs 115-118 each. The IPO comprises a fresh issue of Rs 59.66 crore at the upper price band and will close on August 3. The company intends to utilize the funds to meet working capital requirements and invest in its subsidiaries.
b. Vinsys IT Services IPO – IT Skill Development & Training Services
Vinsys IT Services, a provider of IT skill development & training services, will also debut its IPO on August 1, but at a higher price band of Rs 121-128 per share. The company aims to raise Rs 49.84 crore through a fresh issue of 38.94 lakh equity shares. The IPO will close on August 4, and the proceeds will be used for working capital needs, subsidiary loan repayment, and general corporate purposes.
c. Yudiz Solutions IPO – IT Solutions and Consultancy Services
Yudiz Solutions, an IT solutions and consultancy services provider, is set to begin its IPO bidding on August 4, with a price band of Rs 162-165. The company aims to raise Rs 44.84 crore through the offering of 27.17 lakh equity shares. The funds will be utilized for acquisition, development of new products and technology, networking and cabling, branding & marketing, and capital expenditure.
Zeal Global Services IPO – Subscription Open till August 1
The IPO of Zeal Global Services opened on July 28 and will be available for subscription until August 1. The logistics solutions company aims to raise Rs 36.46 crore by issuing 35.4 lakh shares at an offer price of Rs 103.
Upcoming Listings
- On August 3, Dyes and pigment paste manufacturer Yasons Chemex Care will make its debut on the NSE SME platform.
- The following day, on August 4, direct marketing solutions firm Innovatus Entertainment Networks will enter the market.
Investors and market enthusiasts will closely monitor these IPOs and listings, as they can significantly impact the financial landscape. With the diverse range of offerings, this week presents numerous opportunities for investors to explore and make strategic decisions.
