IPO Tracker: A Busy Week Ahead for Primary Market Investors
A very merry first week of December awaits primary market investors as an array of initial public offers will open for subscription on the Dalal Street, while some existing IPOs will have their second and third days of subscription.
Among the mainboard offerings we will see e-commerce company Meesho Ltd.’s much anticipated and globally-backed IPO, along with public offerings of Aequs Ltd. and Vidya Wires Ltd.
Meesho IPO: What You Need to Know
Meesho, backed by soft bank, is the most standout IPO in the roster this week with close to 49 crore shares aggregating up to an issue size of Rs 5,421.20 crore. The IPO will open on Dec. 3 and close on Dec. 5.
The issue is a combination of fresh issue of 38.29 crore shares aggregating to Rs 4,250.00 crore and offer for sale of 10.55 crore shares aggregating to Rs 1,171.20 crore. It has a lot size of 135 shares.
Price band for the IPO has been set at Rs 105- Rs 111 per share, according to the company statement. The tentative allotment and listing dates for the IPO are Dec. 8 and Dec. 10 respectively.
Aequs IPO: A Book-Building Issue
Aequs IPO is a book-building issue of Rs 921.81 crore with close to 7.43 crore shares which will open for subscription on Dec. 3 and close on Dec. 5.
It contains a fresh issue of 5.40 crore shares worth up to Rs 670 crore and an offer for sale of over 2 crore shares of face value of Rs 10 apiece aggregating up to Rs 251.81 crore.
Vidya Wires IPO: A Combination of Fresh Issue and Offer for Sale
The last on the mainboard IPO line-up for the week is Vidya wires with 5.76 crore shares aggregating up to an issue size of Rs 300 crore.
It has fixed a its price band between 48-52 per share, with allotment likely on December 8 and listing expected on December 10.
SME IPOs: A Busy Week Ahead
The SME segment is going to be even busier with as many as eight new IPOs hitting the D-street, namely — Astron Multigrain, Invicta Diagnostic, Speb Adhesives, Clear Secured Services, Ravelcare, Helloji Holidays Neochem Bio Solutions and, Luxury Time.
Here are the details of the SME IPOs:
- Astron Multigrain(Rs 18.40 crore) – Opening date: Dec. 1, Closing date: Dec. 3, Price band: Rs 63 per share
- Ravelcare IPO(Rs 24.10 crore) – Opening date: Dec. 1, Closing date: Dec. 3, Price Band: Rs 123 to Rs 130 per share
- Invicta Diagnostic(Rs 28.12 crore) – Opening date: Dec. 1, Closing date: Dec. 3, Price Band: Rs 80 to Rs 85 per share
- Clear Secured Services(Rs 85.60 crore) – Opening date: Dec. 1, Closing date: Dec. 3, Price Band: 125 to Rs 132 per share
- Speb Adhesives(Rs 33.73 crore) – Opening date: Dec. 1, Closing date: Dec. 3, Price Band: Rs 52 to Rs 56 per share
- Neochem Bio IPO(Rs 44.97) – Opening date: Dec. 2, Closing date: Dec. 4, Price Band: Rs 93 to Rs 98 per share
- Helloji Holidays(Rs 10.96 crore) – Opening date: Dec. 2, Closing date: Dec. 4, Price Band: Rs 110 to Rs 118 per share
- Luxury Time(Rs 18.74 crore) – Opening date: Dec. 4, Closing date: Dec. 8, Price Band: Rs 78 to Rs 82 per share
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