IPO Frenzy Next Week: 2 Mainboard & 6 SME Public Issues To Go Live; 1 New Listing On The Table

The Indian primary markets have been a hive of activity, keeping investors on their toes with a series of Initial Public Offerings (IPOs) that have shown promise. As the market continues to buzz, the upcoming week promises to be no different, offering a slew of opportunities for both seasoned investors and market novices alike.

Among the most talked-about IPOs recently, the public issues of Unicommerce eSolutions and Brainbees Solutions (Firstcry) stood out with their stellar market debuts. Unicommerce eSolutions made headlines by listing at a premium of a whopping 117%, while Brainbees Solutions (Firstcry) followed suit with a respectable 40% premium on its first trading day.

Saraswati Saree Depot

The past week also witnessed an overwhelming response to the Saraswati Saree Depot IPO, which became one of the most oversubscribed issues in recent times. By the close of its subscription period on August 14, 2024, the IPO had been subscribed 107.39 times.

The shares of Saraswati Saree Depot are set to debut on the BSE and NSE on Tuesday, August 20, 2024. With a grey market premium (GMP) of around Rs 55, the shares are expected to list at approximately Rs 215, which is more than 30% above the upper band of the IPO price. If the GMP holds.

Mainboard IPOs to Watch

As we look forward to the upcoming week, the primary market will see the launch of several key IPOs that are likely to draw interest from the investor community.

Interarch Building Products IPO

One of the most anticipated IPOs next week is that of Interarch Building Products, which is scheduled to open for subscription on Monday, August 19, 2024. The company is a prominent player in the pre-engineered building solutions sector, and its IPO has generated considerable buzz.

The IPO, priced at a band of Rs 850-900 per share, consists of a fresh issue of 2,222,222 shares worth approximately Rs 200 crore, coupled with an offer for sale (OFS) of 4,447,630 shares, aggregating up to Rs 400.29 crore. Retail investors can bid in lots of 16 shares, requiring a minimum investment of Rs 14,400.

With the subscription window closing on Wednesday, August 21, 2024, the basis of allotment is scheduled for Thursday, August 22, 2024. Investors can expect the shares to list on both the NSE and BSE on Monday, August 26, 2024, marking the company's debut in the public market. Given the company's established presence and the robust demand for infrastructure development, the Interarch Building Products IPO is poised to attract significant attention.

Orient Technologies IPO

The Orient Technologies IPO is set to open on Wednesday, August 21, 2024. The company, which operates in the tech solutions space, is looking to raise Rs 214.76 crore from its public issue.

The IPO will be offered at a price band of Rs 195-206 per share, with a lot size of 72 shares. The public issue includes a fresh issue of 58,25,243 shares and an offer for sale of 46,00,000 shares, with a face value of Rs 10 each.

The three-day subscription window will close on Friday, August 23, 2024, with the basis of allotment expected on Monday, August 26, 2024. The shares are scheduled to be credited to the demat accounts of successful allottees on Tuesday, August 27, 2024, and are expected to list on the BSE and NSE on Wednesday, August 28, 2024. Given the current tech boom, Orient Technologies' market debut will be closely watched by investors looking to capitalize on the ongoing digital transformation wave.

SME IPOs

The upcoming week will also be significant for the SME segment, with several companies gearing up for their IPO listings. Among them, Forcas Studio, Brace Port Logistics, Solve Plastic Products, Broach Lifecare Hospital, Sunlite Recycling Industries, and Positron Energy are set to make their debut on the SME platforms.

Both Forcas Studio and Brace Port Logistics will open for subscription on Monday, August 19, 2024, adding to the busy week ahead for investors interested in small and medium-sized enterprises (SMEs). These IPOs provide unique opportunities for investors to diversify their portfolios and tap into the growth potential of emerging businesses in niche sectors.