Upcoming IPO Next Week(Aug 31-Sep 3): 3 Mainboard, 4 SME Issues To Open; Check Price, GMP, Dates

The IPO market is another busy week as seven new public issues are scheduled to open for subscription between August 31 and September 3rd. Among the top names, Purple Style Labs IPO, the parent company of luxury fashion platform Pernia's Pop-Up Shop, is expected to attract considerable attention. The company also has prominent investors and backers, including Salman Khan and Sachin Tendulkar.

Purple Style Labs IPO: Biggest Attraction Of The Week

The Purple Style Labs IPO will open on August 31 and close on September 2. The company has fixed the price band at Rs. 546 to Rs. 575 per share and plans to raise around Rs. 680 crore through a completely fresh issue.

There is no offer-for-sale component in the issue. Axis Capital is the book-running lead manager, while the shares are proposed to be listed on both the BSE and NSE.

Deepa Jewellers IPO Opens September 1

The Deepa Jewellers IPO will open for subscription on September 1 and close on September 3. The company has fixed a price band of Rs. 168 to Rs. 177 per share for the issue.

The total IPO size stands at around Rs. 459.72 crore, comprising a Rs. 250 crore fresh issue and an offer for sale worth Rs. 209.72 crore.
Deepa Jewellers will be the largest fresh IPO opening next week by overall issue size among the new offerings. Emkay Global Financial Services is the lead manager for the issue.

Rays of Belief IPO

The Rays of Belief IPO will also open on September 1 and is open until September 3. The company is looking to raise Rs. 125 crore through a fresh issue.

The price band has been fixed at Rs. 227 to Rs. 239 per share, with no offer-for-sale component. Mefcom Capital Markets is acting as the lead manager, and the shares are proposed to be listed on the BSE and NSE.

SME IPOs Next Week

The SME segment will also remain active, with four issues scheduled to open during the week.

Shanti Inorganics will open on August 31 with a price band of Rs. 79-Rs .83 and aims to raise approximately Rs. 41.50 crore. Phychem Technologies will also open on August 31 and has fixed its price band at Rs. 51-Rs .54. The company plans to raise around Rs. 14.58 crore.
Ashutosh Fibre is targeting around Rs .56.35 crore, with its shares offered in the price band of Rs. 87-Rs. 92.

Meanwhile, Farm Peace will open for subscription on September 1 and close on September 3. The SME issue has a fixed price of Rs .59 per share and an issue size of approximately Rs .32 crore.

IPOs Closing And Listing Next Week

While seven new IPOs are opening, several issues that entered the market earlier will also be reaching the end of their subscription periods.
ESDS Software Solution, Priority Jewels, Paluck Technologies and Complete Sports & Management are scheduled to close on September 1, with their listings expected around September 4, after the final allotment and listing formalities.