Upcoming IPOs: 4 IPOs To Watch This Week In July

Dalal Street is going to be busy this week due to Q1 results going to kick-start on 12th July 2023 and upcoming IPOs. There are a total of 4 companies that are going to launch their Initial Public Offering (IPO) this week of which 3 are SME IPOs and 1 is a main board IPO. Here are the details of upcoming IPOs to watch in July.

Utkarsh Small Finance Bank Limited IPO

Utkarsh Small Finance Bank is aiming to raise Rs 500 Cr via IPO by issuing 200,000,000 equity shares of a face value of Rs 10 each. The subscription will open on July 12, 2023 and will close on July 14, 2023. The issue price of Utkarsh Small Finance Bank Limited IPO has been fixed at a price band of Rs 23 to Rs 25 per share. The lot size of Utkarsh Small Finance Bank IPO is 600 shares, hence a retail investor is required to pay a minimum amount of Rs 15,000 to subscribe to the issue.

Utkarsh Small Finance Bank IPO is expected to get listed on BSE, NSE platform on Monday, 24 July 2023. The basis of share allotment will be done on Wednesday, 19 July 2023 and on Tuesday, July 11, the anchor investors' auction will commence.
Kfin Technologies Limited has been assigned as registrar of Utkarsh Small Finance Bank IPO and Icici Securities and Kotak Mahindra Capital Company will serve as Utkarsh Small Finance Bank IPO lead manager(s).

Kaka Industries Limited IPO

Kaka Industries IPO is an SME IPO that aims to raise Rs 21.23 Crores via the public market by issuing 3,660,000 equity shares with a face value of Rs 10. The subscription opens today on 10th July and will be accepted till July 12, 2023. The issue has been priced at a range of Rs 55 to Rs 58 per share. The company is going to be listed at BSE SME on Thursday, 20 July 2023. The share allotment will be finalized on Monday, 17 July 2023. The lot size of Kaka Industries Limited IPO is 2000 shares, hence a retail investor is required a minimum amount of Rs 116,000 for a subscription.

Bigshare Services Pvt Ltd is serving as the registrar and Hem Securities Limited is Kaka Industries IPO lead manager(s).
In the public offering, the company has set apart 44.96% of the shares for qualified institutional buyers (QIBs), 13.55% for non-institutional investors (NII), 31.52% for retail investors, and the remaining 4.98% for market makers.

Ahasolar Technologies Limited IPO

Ahasolar Technologies IPO is an SME IPO that aims to raise Rs 12.85 Crores by offering 818,400 equity shares at a face value of Rs 10. The issue opens for subscription today and the subscription window will close on July 13, 2023. Ahasolar Technologies IPO price band has been fixed at Rs 157 per share. The lot size of Ahasolar Technologies is 800 shares hence retail investors are required a minimum subscription amount of Rs 125,600. The company is going to be listed on BSE SME platform on Friday, 21 July 2023.

Kfin Technologies is Ahasolar Technologies IPO registrar and Beeline Capital Advisors Pvt Ltd will serve as book running lead manager.
The company has reserved 42,400 shares or 5.18% of the net issue for market makers, 388,000 shares or 47.41% of the net issue for retail investors and 388,000 shares or 47.41% of the net issue for others.

Service Care IPO

Service Care IPO is an SME IPO offering a fresh issue of 30,86,000 shares. The subscription will open on July 14, 2023 and is set to close on July 18, 2023. The company is going to be listed on the NSE SME platform and the expected listing date is Wednesday, 26 July 2023. The issue price, lot size and IPO size have not been made public yet.

The basis of share allotment will be done on Friday, 21 July 2023. Service Care has reserved 50% of the Net Issue for QIB, 15% for HNI and 35% of the Net Issue for retail investors. Integrated Registry Management Services Private Ltd is Service Care IPO registrar and Swastika Investmart Ltd will serve as book-running Lead Manager(s).

"Service Care Limited," a 2011 incorporation, engages in providing integrated services to corporates, and business domains.