Business Desk:- IPOs of 5 companies will open in the stock market this week. These include 3 mainboard and 2 SME segment issues. HD Fire Protect, Fusion CX and Sahajanand Medical Technologies will be in the mainboard, while Ravita Engineering and Vaibhav Vyapar will provide investment opportunities in the SME segment. Before investing in IPO, it is important to understand the date of issue, minimum investment and business of the company.
- HD Fire Protect IPO: Complete OFS of Rs 712 crore
This IPO will open from 13 to 15 October. Price band is Rs 258 to Rs 271 and lot size is 55 shares. The minimum investment on the upper price band will be Rs 14,905. The entire issue is an OFS of Rs 712 crore. The listing is expected on October 21.
The company, formed in 1997, manufactures fire safety equipment and systems. Its products are exported to more than 90 countries. The company has two manufacturing plants in Maharashtra. Its customers are in sectors like Oil & Gas, Power, Pharma, Aerospace, Data Center and Healthcare.
- Fusion CX IPO: Issue of Rs 702 crore
The IPO of Fusion CX will open from 14 to 16 October. Price band is Rs 275 to Rs 289 and lot size is 51 shares. One lot in the upper price band requires Rs 14,739. The issue comprises fresh shares worth Rs 500 crore and OFS of Rs 202 crore. The listing is expected on October 22.
The company provides customer experience and business process solutions. It has 40 delivery centers in 13 countries. The company operates in telecom, healthcare, travel, BFSI and retail sectors. According to available information, its profit has doubled to Rs 170 crore.
- Sahajanand Medical Technologies IPO: OFS of 2.76 crore shares
Its IPO will open from 15 to 19 October. The price band has not been announced yet. 2.76 crore shares in the issue will be sold under OFS. Allotment is likely to happen on October 21 and listing on October 23.
The company, formed in 2001, manufactures heart and vascular medical devices. Its products include coronary stents, balloons and drug-coated balloons. The company’s products are used in more than 76 countries.
- Ravita Engineering IPO: SME issue of Rs 116.05 crore
Ravita Engineering’s IPO will open from 13 to 15 October. Price band is Rs 105 to 112. The minimum application is 2,400 shares. Investment at upper price band will be Rs 2,68,800. The entire issue is of fresh shares. The listing is expected on October 21.
The company provides engineering and operations and maintenance (O&M) services in the onshore, offshore and data center sectors. Its work includes industrial facilities, oil rigs, marine platforms and data center cooling systems.
- Vaibhav Vyapar IPO: Issue of Rs 42.10 crore
The IPO of Vaibhav Vyapar will open from 13 to 15 October. Price band is Rs 51 to 54. The minimum application is 4,000 shares. Investment at upper price band will be Rs 2,16,000. This is a completely fresh issue. Allotment is expected on October 16 and listing on October 21.
This NBFC, formed in February 2009, provides personal loans through the Loan Front app. The company’s focus is on first-time loan borrowers in urban and semi-urban areas.
What to look for before investing in IPO?
The company gets the money raised in fresh issue, whereas in OFS, existing shareholders sell their stake. Before investing, read the information about the company’s financial results, debt, business and use of funds raised from IPO. The minimum investment in SME IPO can be high and it is important to understand the risks.