IPO Frenzy Next Week: 7 SME & 1 Mainboard Public Issues To Go Live On Dalal Street; To Raise Rs 2,120 Crore

The Indian IPO market is set for a bustling week with a total of eight companies preparing to open their initial public offerings (IPOs) for subscription. Among them, seven are small and medium-sized enterprises (SMEs) and one is a mainboard IPO. These companies aim to collectively raise Rs 2,119.75 crore. Here's a detailed look at what's coming up.

Akums Drugs and Pharmaceuticals Limited IPO
Akums Drugs and Pharmaceuticals Limited is the only mainboard public issue scheduled for next week. The IPO is set to open for subscription from July 30, 2024, to August 1, 2024. This player in the pharmaceutical manufacturing sector is seeking to raise Rs 1,856.74 crore through its IPO. With a price band set between Rs 646 and Rs 679 per share, the company is poised to attract significant investor interest. The shares are scheduled to list on August 6, 2024, on both the BSE and NSE

SME IPOs
Bulkcorp International Limited IPO
Bulkcorp International Limited will open its IPO for subscription from July 30, 2024, to August 1, 2024, with a price band set between Rs 100 and Rs 105 per share. The company aims to raise Rs 20.78 crore through this issue, and the shares are expected to be listed on the NSE SME platform on August 6, 2024.

Sathlokhar Synergys E&C Global Limited IPO
Sathlokhar Synergys E&C Global Limited will open its IPO for subscription from July 30, 2024, to August 1, 2024. The price band for the shares is set between Rs 133 and Rs 140, with the company aiming to raise Rs 92 crore. The shares are scheduled to be listed on the NSE SME platform on August 6, 2024.

Kizi Apparels Limited IPO
Kizi Apparels Limited will open its IPO for subscription from July 30, 2024, to August 1, 2024, with a fixed price of Rs 21 per share. The company aims to raise Rs 5.58 crore through this offering, and the shares are set to be listed on the BSE SME platform on August 6, 2024.

Ashapura Logistics Limited IPO
Ashapura Logistics Limited will open its IPO for subscription from July 30, 2024, to August 1, 2024, with a price band set between Rs 136 and Rs 144 per share. The company aims to raise Rs 52.66 crore through this offering, and the shares are scheduled to be listed on the NSE SME platform on August 6, 2024.

Rajputana Industries Limited IPO
Rajputana Industries Limited will open its IPO for subscription from July 30, 2024, to August 1, 2024, with a price range of Rs 36 to Rs 38 per share. The company aims to raise Rs 23.88 crore through this issue, and the shares are expected to be listed on the NSE SME platform on August 6, 2024.

Utssav Cz Gold Jewels Limited IPO
Utssav Cz Gold Jewels Limited will open its IPO for subscription from July 31, 2024, to August 2, 2024. The price range for the shares is set between Rs 103 and Rs 110, with the company aiming to raise Rs 69.50 crore. The shares are scheduled to be listed on the NSE SME platform on August 7, 2024.

Dhariwalcorp Limited IPO
Dhariwalcorp Limited will open its IPO for subscription from August 1, 2024, to August 5, 2024. The company's shares are set to be listed on the NSE SME platform on August 8, 2024.

The upcoming IPOs span various sectors, reflecting the diverse opportunities in the Indian economy. Akums Drugs and Pharmaceuticals Limited is expected to be a significant draw for institutional investors due to its established market presence and growth potential. On the other hand, the SME IPOs offer retail investors a chance to participate in the growth stories of smaller companies.

Investor sentiment is generally positive, buoyed by recent bullish trends in the Indian stock market. The successful listings of these companies could further strengthen market confidence and encourage more companies to consider going public.

The IPO rush from July 29 to August 2, 2024, presents a robust mix of investment opportunities. From the major pharmaceutical player Akums Drugs and Pharmaceuticals Limited to various promising SMEs, the market is set for a week of high activity and potential gains.