Upcoming IPOs: 9 new public issues and 4 new listings scheduled for this week; check full list here
SK Finance files DRHP with SEBI to raise ₹2,200-crore via IPO; details here “Since 2004, there hasn't been a single IPO launch during the month of May in the last four General Election cycles. Typically, the period from April to June during these years has been slow for the primary markets due to election uncertainty. However, this trend is expected to change now as, 3 mainboard IPOs of Indegene Limited, TBO Tek Limited and Aadhar Housing Finance are set to be launched next week to raise 6,392 crores," said Mahavir Lunawat, Managing Director, Pantomath Capital Advisors Pvt.
Ltd. Indegene IPO opens for subscription on May 6, 2024 and closes on May 8, 2024. It is a book-built issue, aiming to raise ₹1,841.76 crores.
The IPO comprises a combination of a fresh issue of 1.68 crore shares, valued at ₹760.00 crores, and an offer for sale of 2.39 crore shares, totaling ₹1,081.76 crores. Also read: Indegene IPO opens next week. GMP, review, price, other details of upcoming IPO in 10 points The price band of Indegene IPO has been set at ₹430 to ₹452 per share.
Kotak Mahindra Capital Company Limited, Citigroup Global Markets India Private Limited, J.P. Morgan India Private Limited, and Nomura Financial Advisory And Securities (India) Pvt Ltd serve as the book running lead managers for the Indegene IPO, with Link Intime India Private Ltd appointed as the registrar for the issue. TBO Tek IPO will open for subscription on May 8, 2024 and will close on May 10, 2024.
The is a book-built issue of ₹1,550.81 crore. This offering comprises a fresh issue of 0.43 crore shares, totaling ₹400 crores, alongside an offer for sale of 1.25 crore shares, amounting to ₹1,150.81 crore. Also read: General Atlantic-backed TBO Tek IPO opens next week.
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