IPO Calendar 9 IPOs will open next week and 4 will be listed, primary market will be busy

3 companies will launch their issues in the mainboard segment and 6 in the SME division. Listings of Sloan Infosystems, Storage Technologies, MK Products and Sai Swami Metals will also be visible on the Street.

IPO

IPO Calendar 9 IPOs will open next week and 4 will be listed, primary market will be busy

After a slow start in the new financials, now the primary market is bullish. The next week is going to be very busy because not two-three but 9 IPOs are going to open. Of these, 3 companies will launch their issues in the mainboard segment and 6 in the SME division.

Out of these, only 3 companies will raise more than Rs 6 thousand crores. Indegene will launch its Rs 1800 crore IPO on May 6. The public offers of Aadhar Housing Finance and TBO Tek will open for subscription on May 8.

As far as SME issues are concerned, next week Energy-Mission Machinery, TGIF Agribusiness, Silkflex Polymers, Finelistings Technologies, Winsol Engineers and Refractory Refractory Shapes are about to open.

There will be listing of 4

Apart from the IPO, the Street will also see listings of Slone Infosystems, Storage Technologies, Amkay Products and Sai Swami Metals.

Indegene IPO:-

For Indegene's issue of Rs 1842 crore, the company has fixed the price band of Rs 430-452. Subscription will open on 6th May and close on 8th May.

The IPO includes a fresh equity issue of up to Rs 750 crore and an offer for sale (OFS) of up to 2.93 crore equity shares by existing investors.

Under the OFS, Manish Gupta, Rajesh Bhaskaran Nair, Anita Nair, Carlyle, Brighton Park Capital, Nadathur Family Office and others will sell shares.

The money raised through the fresh issue will be used to pay off debt, fund capital expenditure requirements, pay deferred consideration for one of its previous acquisitions, fund inorganic growth and general corporate purposes.

TBO Tek IPO:-

The first public offer of TBO Tech will open for subscription on May 8. The company has announced a price band of Rs 875-920 per share. The company plans to raise approximately Rs 1551 crore through this issue.

The IPO, which will close on May 10, includes fresh equity of Rs 400 crore and offer for sale of 1.25 crore shares. Under the OFS, promoters Gaurav Bhatnagar, Manish Dhingra, LAP Travel, TBO Korea, Augusta TBO will sell shares.

The net proceeds from the fresh issue are proposed to be utilized for the growth and strengthening of the platform by adding new buyers and suppliers, undisclosed unidentified inorganic and general corporate purposes.

Aadhar Housing Finance IPO:-

The Rs 3,000 crore initial public offering (IPO) of Blackstone-backed Aadhar Housing Finance is scheduled to open for subscription on May 8, which will run till May 10.

The company has fixed the price band of Rs 300-315 per share. The IPO comprises a combination of fresh issue of shares worth Rs 1,000 crore and offer for sale (OFS) of shares worth Rs 2,000 crore by promoter BCP Topco.

Aadhar Housing intends to use the net proceeds to meet future capital requirements relating to further borrowings and general corporate purposes.

SME segment

There is a buzz in the SME segment and 6 SME IPOs are going to open for subscription next week, out of which the issue of Energy Mission Machinery is the largest in terms of size. Energy Mission's offer of Rs 41 crore will open for subscription on May 9 and close on May 13.

The IPOs of Refractory Shapes and Winsol Engineers will start from May 6 and the companies will raise Rs 18 crore and Rs 23 crore respectively. Apart from this, two issues of Silkflex and TGIF Agribusiness will open for subscription on 7th May.