Fri, 20 September 2024 03:14:22am
Related Tags: Saraswati Saree Depot IPO, SME IPOs August 2024, Positron Energy Ltd IPO, Sunlite Recycling Industries IPO, Upcoming IPOs India 2024
Saraswati Saree Depot and 4 SME IPOs: Big Opportunities Opening for Investors This Week
Saraswati Saree Depot and 4 SME IPOs: Big Opportunities Opening for Investors This Week
Investors, brace yourselves for a flurry of activity on Dalal Street this week! With five initial public offerings (IPOs) set to open, including the highly anticipated Saraswati Saree Depot Ltd, the stage is set for a dynamic week of market action. Whether you're looking to diversify your portfolio or make a strategic move, these upcoming IPOs offer an intriguing mix of opportunities.
IPO Bonanza: What’s in Store?
This week, the Indian stock market will witness the launch of five IPOs, with a combined target of raising ₹257 crore. Leading the charge is the mainboard IPO of Saraswati Saree Depot Ltd, set to raise ₹160 crore. Meanwhile, the SME segment will see four IPOs—Sunlite Recycling Industries, Positron Energy Ltd, Solve Plastic Products Ltd, and Broach Lifecare Hospital Ltd—opening for subscription.
Saraswati Saree Depot Ltd: A Major Player Steps In
Saraswati Saree Depot Ltd, a renowned wholesaler of women’s apparel and sarees, is all set to open its public offer on August 12. The IPO aims to raise ₹160.01 crore through a fresh issue of 64,99,800 equity shares worth up to ₹103.99 crore and an Offer for Sale of 35.01 lakh shares worth up to ₹56.01 crore. With a price band fixed at ₹152-160 per share and a minimum lot size of 90 shares, this IPO has caught the attention of retail investors. The company plans to finalize share allotment on August 16, with a proposed listing on both BSE and NSE on August 20.
Four SME IPOs to Watch
The SME segment will see four public offers opening this week, each presenting a unique investment opportunity.
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Sunlite Recycling Industries Ltd: Opening on August 12, this IPO aims to raise ₹30.24 crore. The manufacturer of oxygen-free copper rods has fixed its price band at ₹100-105 per share, with a minimum lot size of 1200 shares. The shares are expected to list on the NSE SME platform on August 20.
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Positron Energy Ltd: This IPO, also opening on August 12, targets a raise of ₹51.2 crore. A consultancy and technical services provider to the oil and gas industry, Positron Energy has set a price band of ₹238-250 per share. The shares will be listed on the NSE SME platform on August 20.
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Solve Plastic Products Ltd: Set to open on August 13, this IPO aims to raise ₹11.85 crore. With a fixed price of ₹91 per share and a minimum investment requirement of ₹1,09,200, this IPO will close on August 16, with shares expected to list on August 21.
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Broach Lifecare Hospital Ltd: Opening on August 13, this IPO seeks to raise ₹4.02 crore. The hospital has fixed the share price at ₹25 per share, with a minimum investment of ₹1,50,000. The shares will list on the BSE SME platform on August 21.
New Listings: A Look Ahead
This week will also see the market debut of three other companies. The much-anticipated IPOs of FirstCry.com (Brainbees Solutions Ltd) and Unicommerce eSolutions Ltd are set to start trading on August 13. Additionally, the SME IPO of Aesthetik Engineers Ltd will list on the NSE SME platform on August 16, adding more excitement to the trading week.
Key Points:
- Five IPOs, including Saraswati Saree Depot Ltd and four SME issues, are set to open this week, targeting a combined raise of ₹257 crore.
- Saraswati Saree Depot Ltd IPO is the largest, seeking to raise ₹160 crore with a price band of ₹152-160 per share.
- Four SME IPOs—Sunlite Recycling Industries, Positron Energy Ltd, Solve Plastic Products Ltd, and Broach Lifecare Hospital Ltd—are also opening for subscription.
- Three IPOs, including FirstCry.com and Unicommerce eSolutions, will start trading on exchanges this week.
