IPOs next week: Six new issues, 10 listings to keep primary market busy
Week Ahead: Interim Budget 2024, US Fed Policy, Q3 results, auto sales among key market triggers this week All the six new issues, which are scheduled to open for subscription next week, will together be raising over ₹500 crore via IPO. According to market experts, a surge in number of IPOs is foreseen over the next two months, with a temporary hiatus expected due to impending general elections. Presently, the Securities and Exchange Board of India (Sebi) is actively processing 25 draft offer documents submitted by diverse companies.
Approximately 30 companies have already secured regulatory approval, signaling their intent to raise funds exceeding ₹30,000 crore. Concurrently, another 40 companies have submitted their Draft Red Herring Prospectuses (DRHPs) for regulatory consideration. Also read: Dividend Stocks: Havells India, Siemens, MRPL, Metro Brands, others to trade ex-dividend next week; check full list BLS E-Services IPO opens for subscription on January 30, 2024 and closes on February 1, 2024.
The mainboard IPO is a book built issue of ₹310.91 crores. The issue is entirely a fresh issue of 2.3 crore shares. BLS E-Services IPO price band is set at ₹129 to ₹135 per share.
Unistone Capital Pvt Ltd is the book running lead manager, while Kfin Technologies Limited is the registrar for the issue. Also read: BLS E-Services IPO opens next week. GMP, price, size, other details that you may like to know about upcoming IPO Megatherm Induction IPO opens for subscription on January 29, 2024 and closes on January 31, 2024.
The SME IPO is a book built issue of ₹53.91 crores. The issue is entirely a fresh issue of 49.92 lakh shares. Megatherm Induction IPO price band is set at ₹100 to ₹108 per share.
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