Market Frenzy: Six IPOs To Hit Dalal Street This Week, Eight SME Listings On Cards; Find Details!

In the week ahead, both the primary and secondary markets are set for a ride as six companies gear up to launch their Initial Public Offerings (IPOs), while ten others are scheduled for listings. The events unfold starting from January 29 with six companies set to raise over Rs 500 crore.

BLS E-Services IPO

New Delhi-based BLS E-Services, a technology-enabled digital service provider, will kick off its maiden public issue on January 30. The price band is set at Rs 129-135 per share, aiming to raise Rs 310.9 crore through a fresh issue of 2,30,30,000 equity shares. The subscription window closes on February 1.

Megatherm Induction IPO

Kolkata-based Megatherm Induction, a manufacturer of induction heating and melting products, will float its public issue on January 29. Priced at Rs 100-108 per share, the company seeks to raise Rs 53.91 crore through a fresh issue of 49.92 lakh equity shares. The subscription period ends on January 31.

Harshdeep Hortico IPO

Maharashtra-based Harshdeep Hortico, a manufacturer and supplier of pots and planters, opens its IPO for subscription from January 29-31. The company aims to mobilize Rs 19.09 crore through a book-built issue of 42.42 lakh equity shares at a price band of Rs 42-45 per share.

Mayank Cattle Food IPO

Gujarat-based Mayank Cattle Food will also open and close its IPO on January 29-31, seeking to raise Rs 19.44 crore through a fixed price issue at Rs 108 per share.

Baweja Studios IPO:

Baweja Studios, a technology-based commercial film production company, is set to launch the largest IPO this week. Opening on January 29, the company plans to raise Rs 97.2 crore through a mix of fresh issuance and an offer-for-sale. The price band is fixed at Rs 170-180 per share, with the subscription closing on February 1.

Gabriel Pet Straps IPO:

The last IPO of the week comes from a company manufacturing pet straps for heavy materials packaging. Gabriel Pet Straps will open its fixed price issue for subscription on January 31 and close on February 2, aiming to garner Rs 8.06 crore at Rs 101 per share.

Other than the six IPOs, 10 companies are set to make their debut on the stock exchanges this week.

Epack Durable

The original design manufacturer of room air conditioners will list its equity shares on January 30 after raising Rs 640 crore through IPO. Shares were available at a 5% premium over the issue price in the grey market.

Nova AgriTech

A mainboard segment listing on January 31, Nova AgriTech, which makes soil health, plant nutrition, and crop protection products, raised nearly Rs 144 crore through IPO. Shares traded at more than a 50% premium over the IPO price.

SME Segment Listings

Of the 10 listings, eight will be from the SME segment. Qualitek Labs debuted on BSE SME on January 29, and Euphoria Infotech India shares will commence trading on BSE SME on January 30. Konstelec Engineers and Addictive Learning Technology shares will be listed on NSE Emerge on January 30.

Brisk Technovision will list its shares on BSE SME on January 31, while Fonebox Retail, DelaPlex, and Docmode Health Technologies shares will debut on NSE Emerge on February 2.

The Qualitek Labs IPO was subscribed 56.01 times, and Brisk Technovision 44.8 times, while Euphoria Infotech India, Konstelec Engineers, and Addictive Learning Technology public issues had seen huge interest from investors, subscribing 364.71 times, 317.87 times, and 245.3 times, respectively.

Fonebox Retail, DelaPlex, and Docmode Health Technologies IPOs saw subscriptions of 12.72 times, 2.76 times, and 2.45 times on their debut on January 25.

Analysts, speaking on anonymity, shared insights into the grey market, stating that Epack Durable IPO shares were available at around a 5% premium over the issue price of Rs 230 per share. Additionally, Nova AgriTech shares traded at more than a 50% premium over the IPO price of Rs 41 per share.

The primary and secondary markets are poised for an exciting week ahead, with investors closely watching the IPO subscriptions and stock performances post-listing. As the financial landscape continues to evolve, the coming days promise both challenges and opportunities for market participants.