There has been a decline in the Indian stock market in recent weeks, but it does not seem to have any impact on the primary market. In the next trading week (21st to 25th October), nine Initial Public Offerings (IPOs) worth Rs 10,985 crore are going to open for retail investors. During this period, there will be listing of three public issues including Hyundai Motor.
Waari Energies IPO will be the first IPO to open for subscription next week on October 21, with a price band of Rs 1,427-1,503 per share. This public issue of Rs 4,321 crore will close on October 23, which includes a fresh issue of Rs 3,600 crore and an offer-for-sale (OFS) of 48 lakh shares worth Rs 721.44 crore. Promoters Waari Sustainable Finance and Chandurkar Investment will sell shares in the OFS.
Before the IPO, on October 18, the company has raised an amount of Rs 1,277 crore from anchor investors. It is a solar photovoltaic module manufacturing company. Its main competitors include listed companies such as Premier Energies and Websol Energy.
Subscription for the IPO of Deepak Builders and Engineers India will open for retail investors between October 21 and October 23. The size of this IPO will be Rs 260 crore. There is a fresh issue of Rs 217 crore and OFS of Rs 42.83 crore. Before the IPO, the company has raised Rs 78 crore from five anchor investors.
The IPO of Godavari Biorefineries will open from 23rd to 25th October. The company plans to raise Rs 555 crore through this IPO. The IPO will see issuance of new shares worth Rs 325 crore and an offer for sale of 65.26 lakh shares worth Rs 229.75 crore by promoters and investor Mandala Capital AG. Its price band has been fixed from Rs 334 to Rs 352 per share.
The IPO of Afcons Infrastructure, owned by Shapoorji Pallonji Group, will also open for subscription on October 25. The price band for the Rs 5,430 crore IPO will be announced on October 21. The infrastructure and engineering construction company aims to raise Rs 1,250 crore through fresh issue and Rs 4,180 crore through offer-for-sale.
Apart from the mainboard, in the SME segment, Premium Plast, Danish Power, United Heat Transfer, OBSC Perfection and Usha Financial Services will open for subscription to retail investors next week.
The listing of Hyundai Motor India, the country's biggest ever IPO of Rs 27,870 crore, will take place on October 22.
Apart from this, in the SME segment, shares of Lakshya Powertech and Freshra Agro Exports will also be listed on October 23 and 24 respectively.
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