RS 6,300 crore offered! Investors cancel for IPO Storm with 25 new problems that will open next week

The primary market is preparing for one of the busiest weeks of the year with no less than 25 mainboard and SMEs that print the street. Problem sizes vary from RS 18 crore to more than RS 1200 Crore. The promotion will be led by Mainboard issues on large ticket such as Anand Rathi Share, Ganesh Consumer, Jain Resource Recycling, Seshaasai Technologies and Atlanta Electrics. All these companies are planning to increase almost RS 6,300 crore cumulatively.

Line-up

Epack Prefab Technologies opens its RS 494–504 CRORE IPO on 24 September, which establishes a price band of RS 194–204 per share. The company, a leading player in pre-developed buildings and EPS packaging, is planning to use the yield to set up a new facility in Rajasthan and to expand the capacity at the Andhra Pradesh unit. The issue includes a new part of RS 300 Crore, together with an offer for sale of 1 crore shares.

Jain Resource Recycling, another closely hunted Mainboard -Debutant, wants RS 1,250 Crore with a price band of RS 220-232. The company based in Gujarat is active in recycling and raw material recovery, catering for both domestic and export markets. The large size of the problem makes it one of the largest SME-Mainboard transitions this year.

Atlanta Electrics are launching its RS 687 CRORE IPO on September 22 in the price range of RS 718–754. Supported by Motilal Oswal, the company produces electrical equipment and has a strong institutional interest.

Among players in the financial sector, Anand Rathi share and stock brokers will come on the market on 23 September with an RS 745 Crore problem, priced between RS 393 and RS 414. The offer marks a major expansion for the group of the group of the group.

Seshaasai Technologies, a provider of digital solutions, opens his 813 Crore issue on 23 September, with a price band of RS 402-423. Also becoming a member of the queue is JARO Institute of Technology Management and Research, with an RS 450 Crore IPO on RS 846–890 per share. In the meantime, Solarworld Energy Solutions is planning to lift RS 490 Crore with its issue on the same day.

Other offers on the table include Ganesh Consumer Products (RS 408 Crore), which will open on September 22, and the opening of Jinkushal Industries (RS 116 Crore) on 25 September.

SME segment also remains busy

Although the IPOs of the headboard will dominate attention, the SME space is even busier in terms of pure numbers. Companies such as the offers include various sectors, from packaged food and cotton turn to aviation and fintech.

Under the smaller problems, DSM Fresh Foods (RS 59 Crore) opens on 26 September and Bhavik Enterprises, Telge projects on 25 September. Praruh Technologies, Gurunanak Agriculture India, Riddhi Display equipment, Justo Realfintech and Systematic Industries will launch their problems on 24 September.

In the meantime, 6 more IPOs from Ecoline EXIM, NSB BPO Solutions, Matrix Geo Solutions, True Colors, APTUS Pharma, Bharatrohan Airborne Innovations, reflecting the large variety of companies trying to use the market for the market on 23 September.

Testing of investors appetite

The hustle and bustle of IPOs comes across the background of volatile secondary markets, but the robust demand for new offers. GMPs suggest a mixed sentiment, with a few mainboard names such as Jain Resource recycling with strong buzz, while various SME problems act on a flat level.

((Indemnification: Recommendations, suggestions, views and opinions of the experts are their own. These do not represent the views of economic times)