IPO Calendar: 11 Public Issues and 14 New Listings Set to Hit the Market This Week

IPO Updates: The primary market is gearing up for another busy week ahead as 14 companies will be entering the Dalal Street, while 11 new IPOs will be opening for subscription. However, the mainboard segment will remain relatively cool, as most IPOs will come from the SME space. Out of the total 11 IPOs opening for subscription this week, two are from the mainboard segment and nine are from the SME segment.

Arkade Developers, Western Carriers and Northern Arc Capital are some IPOs set to list on the exchanges after witnessing strong interest from investors during the bidding period. Check out the full list here-

MainBoard IPOs

Manba Finance IPO

The shares of the IPO will be open for subscription from September 23 (Monday). Manba Finance is planning to raise Rs 150.84 crore and the price band is set between Rs 114 and Rs 120 per share. The IPO will close on September 25, with a minimum bidding amount set at Rs 15,000 for retail investors.

KRN Heat Exchanger IPO

The manufacturing company will be open for subscription from September 25 to September 27. The company aims to raise Rs 342 crore which includes of 1.55 crore shares. The company specializes in the production of fin and tube-type heat exchangers. The price band of the IPO is set between Rs 209 and Rs 220 per share.

SME IPOs

Unilex Colours and Chemicals

The shares of the company will be open for subscription from September 25 to September 27. This book-built issue aims to raise Rs 31.32 crore via a fresh issue of 36 lakh shares. The price range for the IPO is set between Rs 82 and Rs 87 per share. The expected date of listing is on October 3.

WOL 3D India

The SME IPO will be open for subscription from September 23 to September 25. The company is planning to raise Rs 25.56 crore via both fresh shares and an offer for sale. The listing is expected to occur on the NSE SME platform on September 30. The IPO price band is set between Rs 142 and Rs 150 per share.

TechEra Engineering

The TechEra Engineering IPO will be open for subscription from September 25 to September 27. This book-built issue is valued at Rs 35.90 crore and includes a fresh issue of 43.78 lakh shares. The price band for the IPO is set between Rs 75 and Rs 82 per share. The expected date of listing is October 3.

Rappid Valves

The company is planning to raise Rs 30.41 crore by issuing 13.7 lakh fresh equity shares. The subscription will open on September 23 and close on September 25. The expected listing date on the NSE SME platform is September 30. The IPO price band is set between Rs 210 and Rs 222 per share.

Forge Auto International

The original equipment manufacturer will be open for subscription from September 26 to September 30. The company is planning to raise Rs 31.10 crore via a fresh issue of 28.8 lakh shares. The price band for the IPO is set between Rs 102 and Rs 108 per share.

Sahasra Electronics Solutions

The shares of the company will be open for subscription from September 26 to September 30. The company aims to raise Rs 186.16 crore, via a combination of a fresh issue (60.78 lakh shares) and an offer for sale (5 lakh shares). The price band of the IPO is set between Rs 269 and Rs 283 per share.

Saj Hotels 

The shares of the company will be open for subscription from September 27 to October 01 and is planning to raise Rs 27.63 crore via a fresh issue of 42.5 lakh shares. The expected date of listing is set on October 7. The price band is set at a fixed rate of Rs 65 per equity share.

Divyadhan Recycling Industries

The company is planning to raise Rs 24.17 crore and the shares of the company will be open for subscription from September 26 to September 30. The price range for the IPO is set between Rs 60 and Rs 64 per share.

Thinking Hats Entertainment Solutions

The shares of the company will be open for subscription from September 26 to September 30. The company is planning to raise Rs 186.16 crores via a combination of fresh issue of 60.78 lakh shares and an offer for sale of 5 lakh shares. The price band of the IPO is set between Rs 269 to Rs 283 per share.