The public offerings of Orient Technologies and Interarch Building will open for subscription next week, while the SME segment will see issues of Brace Port Logistics and Forcas Studio.
Apart from the new issues, the Street will also see listings of five companies, including that of Saraswati Saree Depot, whose IPO received robust response from investors this week.
The current healthy IPO trend looks set to continue, with 25 more companies, already approved by the Sebi, planning to enter the market to raise about Rs 22,000 crore in the coming few weeks.
“India’s IPO success story is taking shape amid global economic uncertainty and geopolitical tensions. Whether the country can keep up this momentum, amidst the global challenges, will depend on several factors, including economic growth, the regulatory landscape, and global market trends,” said Pantomath Capital Advisors.
Here’s what to look forward to on the IPO front next week
Interarch Building Products IPO
Steel construction solution provider Interarch Building Products has announced a price band of Rs 850-900 for its upcoming Rs 1,186 crore IPO, which will open on August 19 and close on August 21.The IPO consists of a fresh issue of shares worth Rs 200 crore and an offer for sale (OFS) of up to 44.48 lakh shares with a face value of Rs 10 per share. At the upper price band of Rs 900, the OFS would be worth about Rs 400.28 crore.
Under the OFS, Arvind Nanda, Gautam Suri, Ishaan Suri, Shobhna Suri and OIH Mauritius Limited will offload their part stakes.
Interarch Building Products was incorporated in 1983 and over the years, the company has evolved into a turn-key PEB solutions provider, with integrated facilities for design and engineering, manufacture, and on-site project management capabilities for the installation and erection of PEBs supplied by the company which enable it to deliver end-to-end solutions to its customers.
Ambit, and Axis Capital are the book running lead managers to the issue, while Link Intime India is the registrar to the offer.
Orient Technologies IPO
IT solutions provider Orient Technologies has announced a price band of Rs 195-206 for its IPO, which opens for subscription on August 21 and closes on August 23.
The company plans to raise Rs 215 crore through the IPO, which includes a fresh equity sale of Rs 120 crore and an offer for sale (OFS) of 46 lakh shares.
Under the OFS, promoters Ajay Baliram Sawant, Umesh Navnital Shah, Ujwal Arvind Mhatre and Jayes Manharlal will be offloading their part stakes.
Over the years, Orient Tech has developed deep expertise in creating products and solutions for specialised disciplines across IT infrastructure, IT enabled services (IteS) and cloud and data management services.
Elara Capital is acting as the sole book running lead manager for the IPO and Link Intime India is the registrar.
SME Segment
In the SME segment, both the IPOs of Forcas Studio and Brace Port Logistics will open for subscription on August 19. These issues will close on August 21.
While Forcas has priced its issue at Rs 77-80 apiece, Brace Port fixed a price band in the range of Rs 76-80 per share.
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