Upcoming IPOs Next Week: 1 Mainboard & 1 SME Public Issue To Go Live; 6 New Listings On The Table

After a busy few weeks in the primary market, investors can expect some respite with just two new initial public offerings (IPOs) scheduled to open for subscription in the upcoming week. Garuda Construction and Engineering is gearing up for its debut in the mainboard segment, while Shiv Texchem is making its entry into the SME (small and medium-sized enterprise) market.

Garuda Construction and Engineering IPO

One of the prominent IPOs set to open next week is that of Garuda Construction and Engineering. The issue will be available for subscription from October 8 to October 10, 2024. This is a book-built issue with a total size of Rs 264.10 crores. The IPO includes a fresh issue of 1.83 crore shares amounting to Rs 173.85 crore, and an offer for sale (OFS) of 0.95 crore shares, which will total Rs 90.25 crore.

The price band for the Garuda Construction and Engineering IPO has been set between Rs 92 and Rs 95 per share. Corpwis Advisors Private Limited is serving as the book-running lead manager, and Link Intime India Private Ltd is acting as the registrar for the offering. The proceeds from the fresh issue are expected to be used to finance the company's growth and operational expansion.

Shiv Texchem IPO

Alongside Garuda Construction, Shiv Texchem will be launching its IPO in the SME market during the same subscription period, from October 8 to October 10, 2024. This IPO is also a book-built issue, valued at Rs 101.35 crore. Unlike Garuda Construction, the Shiv Texchem IPO will consist entirely of a fresh issue of 61.06 lakh shares. The price band for this IPO has been set between Rs 158 and Rs 166 per share.

Vivro Financial Services Private Limited will serve as the book-running lead manager, and Link Intime India Private Ltd will be the registrar. Additionally, Rikhav Securities has been appointed as the market maker for this offering. The funds raised will be used to further Shiv Texchem's expansion in the chemical industry, primarily targeting domestic growth.

Khyati Global Ventures IPO

The Khyati Global Ventures IPO, which opened for subscription on October 4, 2024, will remain open until October 8, 2024. This fixed-price IPO is valued at Rs 18.30 crores. It consists of a fresh issue of 10.48 lakh shares, totalling Rs 10.38 crores, and an offer for sale of 8 lakh shares, amounting to Rs 7.92 crores.

The IPO is priced at Rs 99 per share, and Aryaman Financial Services Limited is acting as the book-running lead manager. Bigshare Services Pvt Ltd is the registrar, and Aryaman Capital Markets has been appointed as the market maker.

Upcoming Listings

While only a few IPOs will be open for subscription next week, the market is abuzz with new listings. Several companies that recently completed their subscription processes are now set to hit the market. Here's a look at some key listings in the coming days:

HVAX Technologies IPO

The allotment for the HVAX Technologies IPO was finalized on October 3, and the company is expected to list on the NSE SME platform on October 7, 2024.

Saj Hotels IPO

Following its allotment completion on October 3, Saj Hotels is also set to be listed on the NSE SME on October 7, 2024.

Subam Papers IPO

The allotment process for Subam Papers was completed on October 4, with the company expected to debut on the BSE SME platform on October 8, 2024.

Paramount Dye Tec IPO

With its allotment completed on October 4, Paramount Dye Tec is also scheduled to list on NSE SME on October 8, 2024.

NeoPolitan Pizza and Foods IPO

Expected to bring a slice of excitement to the IPO market, NeoPolitan Pizza and Foods is scheduled to list on the BSE SME platform on October 9, 2024. The allotment for this IPO is expected to be finalized on October 7.

Khyati Global Ventures IPO

Following its allotment completion on October 9, Khyati Global Ventures will be listed on the BSE SME on October 11, 2024.

After a frenzy of IPOs in recent weeks, the upcoming period offers a slight reprieve, with fewer companies opting to go public in the near term. This pause in activity may provide investors with an opportunity to analyze recent listings and assess market conditions as they prepare for future opportunities.

With the listings of Garuda Construction and Engineering and Shiv Texchem, as well as the closure of the Khyati Global Ventures IPO, next week will still see considerable action in both the mainboard and SME markets.

Investors should keep an eye on these offerings, as market sentiment remains buoyant, and these IPOs could provide new investment opportunities amidst the slight calm in the storm of public offerings.