IPO Freny Next Week: 1 SME Public Issue To Go Live On Dalal Street; 5 New Listings On The Charts

In the wake of a surge in Initial Public Offerings (IPOs) following the general election in June, the primary market is set to take a brief pause next week, with no new issues in the mainboard segment. Investors will have their eyes on the upcoming listings and a Small and Medium Enterprises (SME) IPO from Sahaj Solar, scheduled to open on July 11.

India's IPO market has been on a significant upswing, boosted by strong economic fundamentals and promising growth prospects. Analysts are optimistic about the future, suggesting that this brief hiatus in mainboard IPOs is merely a calm before another storm of activity. The market's dynamism is reflected by the interest in upcoming listings, notably Emcure Pharmaceuticals and Bansal Wire, both of which have attracted considerable investor attention.

Sahaj Solar IPO
The spotlight next week will be on the SME segment with the Sahaj Solar IPO, set to open for subscription on July 11, 2024, and close on July 15, 2024. Sahaj Solar, a company specializing in renewable energy solutions, aims to raise Rs 52.56 crores through a fresh issue of 29.2 lakh shares. The price band has been set at Rs 171 to Rs 180 per share.

Kunvarji Finstock Pvt Ltd is the book running lead manager for the Sahaj Solar IPO, while Kfin Technologies Limited serves as the registrar. The funds raised will be utilized to expand their production capacity, strengthen their research and development capabilities, and enhance their market presence.

Ongoing IPOs
Even though the mainboard is quiet, multiple IPOs remain open for subscription.

Ambey Laboratories IPO
The Ambey Laboratories IPO, which opened on July 4, 2024, will close on July 8, 2024. This book-built issue aims to raise Rs 44.68 crores, comprising a fresh issue of 62.58 lakh shares totaling Rs 42.55 crores and an offer for sale of 3.12 lakh shares amounting to Rs 2.12 crores. The price band is set at Rs 65 to Rs 68 per share.

Fast Track Finsec Pvt Ltd is the book running lead manager, with Link Intime India Private Ltd as the registrar and Nikunj Stock Brokers as the market maker. Ambey Laboratories, a company known for its pharmaceutical and healthcare products, plans to use the raised funds to expand its manufacturing capabilities and enhance its distribution network.

Ganesh Green Bharat IPO
The Ganesh Green Bharat IPO, which opened on July 5, 2024, will close on July 9, 2024. This IPO seeks to raise Rs 125.23 crores through a fresh issue of 65.91 lakh shares. The price band is Rs 181 to Rs 190 per share.

Hem Securities Limited is the book running lead manager, with Kfin Technologies Limited serving as the registrar. Hem Finlease is the market maker. Ganesh Green Bharat, involved in the renewable energy sector, plans to utilize the funds for project development, research and development, and expansion of its renewable energy portfolio.

Effwa Infra and Research IPO
Effwa Infra and Research's IPO commenced on July 5, 2024, and will conclude on July 9, 2024. The IPO aims to raise Rs 51.27 crores, including a fresh issue of 53.17 lakh shares totaling Rs 43.60 crores and an offer for sale of 9.36 lakh shares amounting to Rs 7.68 crore. The price band is fixed at Rs 78 to Rs 82 per share.

Shreni Shares Limited is the book running lead manager, with Bigshare Services Pvt Ltd as the registrar and Rikhav Securities as the market maker. Effwa Infra and Research, a company focusing on infrastructure development and research, plans to use the proceeds to fund new projects and enhance their research capabilities.

New Listings
As the market takes a breather from new mainboard IPOs, the focus shifts to the upcoming listings.

Emcure Pharmaceuticals IPO
The Emcure Pharmaceuticals IPO allotment is scheduled to be finalized on Monday, July 8, 2024. Emcure Pharmaceuticals, a player in the pharmaceutical industry, will list on both BSE and NSE, with the tentative listing date set for Wednesday, July 10, 2024. The IPO has garnered healthy investor interest due to the company's market presence.

Bansal Wire IPO
The allocation for the Bansal Wire IPO is anticipated to be finalized on Monday, July 8, 2024. Bansal Wire, a leading manufacturer of wire products, is scheduled to list on both BSE and NSE on Wednesday, July 10, 2024.

Ambey Laboratories IPO
The allotment for the Ambey Laboratories IPO is scheduled to be completed by Tuesday, July 9, 2024. The Ambey Laboratories IPO will debut on the NSE SME platform on Thursday, July 11, 2024.

Ganesh Green Bharat IPO
The allotment for the Ganesh Green Bharat IPO is anticipated to be finalized on Wednesday, July 10, 2024. The IPO will list on NSE SME on Friday, July 12, 2024. Investors are watching this listing.

Effwa Infra and Research IPO
The allotment for the Effwa Infra and Research IPO is expected to be finalized on Wednesday, July 10, 2024. The IPO will list on NSE SME on Friday, July 12, 2024.

With a robust pipeline of IPOs and strong economic fundamentals, India's IPO market continues to present lucrative opportunities for investors. The upcoming SME IPO from Sahaj Solar and the anticipated listings of companies like Emcure Pharmaceuticals and Bansal Wire will keep the market abuzz.