IPOs Next Week: SBFC Finance IPO to Oriana Power IPO; 5 issues open, 2 listings to keep primary market buzzing
IPOs Next Week: The primary market witnessed some major listings in both main board and SME IPOs this month, which kept investors engaged with subscriptions and listings. Moving on, the upcoming week sees the start of the new month, which is similarly packed with new listings and IPO issues, that are available for subscription. Let's take a look at some of the companies that are opening for subscription this week, along with few that are getting listed on the bourses.
The initial public offering (IPO) of non-banking finance company SBFC Finance will open for subscription on Thursday, August 3. SBFC Finance IPO comprises of fresh issuance of equity shares worth ₹600 crore and an offer for sale (OFS) of ₹425 crore, according to the Red Herring Prospectus (RHP). The total offer size of SBFC Finance IPO now is ₹1,025 crore.
It has fixed price band at ₹54-57 per share for the issue. The allocation to anchor investors for SBFC Finance IPO is scheduled to take place on Tuesday, August 2, and the issue will conclude on August 7. SBFC Finance is a mainboard IPO and its shares will get listed on stock exchanges BSE and NSE.
After the conclusion of the IPO, the tentative listing date for shares is set as August 16, 2023. Biotechnology firm Concord Biotech is set to launch its IPO for subscription on Friday, August 4, which would be the second public issue opening in the upcoming week after SBFC Finance. The public issue comprises only an OFS of 2.09 crore equity shares by Helix Investment Holdings Pte Limited, the private fund operated by Quadria Capital.
With this, Helix will be exiting the company. The anchor book will be launched for a day on August 3, a day before the issue opening. The basis of allotment will be done on August
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