Around eight IPOs will hit the pipeline in the current week. All of these are SME IPOs, meanwhile, there are no IPOs in the mainboard segment. However, one mainboard IPO will close and list on the secondary bourses for trading this week.
Mainboard IPO
Sanstar
Sanstar will close its issue for bidding on July 23. The company is raising Rs 510.15 crore through a combination of fresh issue and an offer for sale. The company opened its IPO for investors on July 19 at a price band of Rs 90 to Rs 95 per equity share. A retail investor needs to bid for at least one lot containing 150 shares, amounting to Rs 14,250. Link Intime India is working as the registrar for the issue.
SME IPOs
SAR Televenture FPO
The company will open its follow-on public offer on July 22 and close it on July 24. SAR Televenture is entirely a fresh issue of 7.14 million shares. The company kept the IPO price band in a range of Rs 200 to Rs 210 per equity share. For a retail buyer, the minimum investment required is Rs 1,05,000. Pantomath Capital Advisors is working as the book-running lead manager, while Link Intime India is the registrar.
RNFI Services
The company will open its book-built issue of 6.74 million fresh shares to collect Rs 70.81 crore on July 22. The company will close the bidding on July 24. The allotment of shares is expected to be finalised by July 25 and listing thereafter on July 29, as per the tentative schedule. RNFI Services set the price band in a range of Rs 98 to Rs 105 per equity share. Choice Capital Advisors is the book-running lead manager and Skyline Financial Services registrar.
V.L.Infraprojects
The company will open its IPO to investors on July 23 and close it on July 25 to raise a total of Rs 18.52 crore. V.L.Infraprojects will offer 4.41 million fresh shares of the company. As per the tentative schedule, the allotment of the shares is expected to be finalised by July 26 and listing thereon July 30. It kept the price band in a range of Rs 39 to Rs 40 per equity share. Beeline Capital Advisors is the lead book-runner and Skyline Financial Services registrar. While the market maker for V.L.Infraprojects IPO is Spread X Securities.
VVIP Infratech
The company will open its IPO to investors on July 23 and close the issue on July 25. The company will be offering 6.58 million fresh shares to collect a sum of Rs 61.21 crores. The allotment of shares is expected to be finalised by July 25 and listing thereafter on the BSE SME platform on July 26, as per the tentative schedule. VVIP Infratech kept the IPO price band in a range of Rs 91 to Rs 93 per equity share. Share India Capital Services is the book-running lead manager and Maashitla Securities registrar. While India Securities is the market maker for VVIP Infratech IPO.
Chetana Education
The company will open its IPO on July 24 to collect Rs 45.90 crore by offering an entirely fresh issue of 5.4 million shares. The company will end its issue on July 26. It has kept the price band in a range of Rs 80 to Rs 85 per equity share. The allotment of shares is expected to be finalised by July 29 and list on NSE SME platform on July 31, as per the tentative schedule. Hem Securities is the book-running lead manager and Link Intime registrar for the issue. While, Hem Finlease is the market maker for Chetana Education.
Manglam Infra And Engineering
Manglam Infra and Engineering is an SME IPO, opening issue on July 24 to collect Rs 27.62 crore. The issue will close on July 26 and will offer 4.93 crore million fresh shares. The company kept the IPO price band between Rs 53 to Rs 56 per equity share. The allotment of the shares is expected to be finalised on July 29. Manglam Infra And Engineering will hit the secondary market on July 31, as per the tentative schedule. Unistone Capital is the lead book runner for the IPO and Bigshare Services registrar for the issue. Giriraj Stock Brokingis the market maker for Manglam Infra And Engineering.
Clinitech Laboratory
Clinitech Laboratory IPO, a fixed price issue of Rs 5.78 crores, will offer 0.6 million fresh shares. The IPO will open on July 25 and close on July 29. The bidding price is fixed at Rs 9 per equity share. The allotment of shares is expected to be finalised by July 30. The listing is likely to be on the BSE SME platform on August 01. Inventure Merchant Banker Services is the lead book runner and Bigshare Services registrar for the issue. Svcm Securities is the market maker for Clinitech Laboratory.
Aprameya Engineering
The company will open its IPO on July 25 and end it on July 29. Aprameya Engineering will raise Rs 29.23 crores by offering 5.04 million fresh shares. It set the price band in a range of Rs 56 to Rs 58 per equity share. The allotment for the Aprameya Engineering is expected to be finalised on July 30. The listing, as per the tentative schedule, is likely to be on the NSE SME platform on August 1. Hem Securities is the lead book-runner and Link Intime India registrar for the issue.
