The buzz in the primary market continues. The big bang Hyundai IPO listing is on October 22. That apart companies are looking to raise around Rs 11,000 crore and the key IPOs in focus this week include Waree Energies and Shaporji Pallonji Group’s Afcon Infrastructure IPO.
There will be a total of four IPOs in the mainboard segment and five in the SME category. The mainboard IPOs will raise a total of Rs 10,560 crore while the SME segment is targetting to raise around Rs 400 crore.
Mainboard IPO
Waaree Energies
The company aims to raise Rs 4,321.44 crore via a combination of a fresh issue of 2.4 crore shares and an offer for sale of 0.48 crore shares. The company’s shares were attracting a premium of more than 90% in the unofficial market, indicating a listing pop. The company will open bidding on October 21 and close it on October 23. The IPO price band ranged between Rs 1,427 to Rs 1,502 per equity share.
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Also ReadWaaree Energies IPO opens on October 21; Check latest GMP, allotment date, price band, listing & more
The listing will likely be on October 28. Axis Capital, IIFL Securities, Jefferies India, Nomura Financial Advisory And Securities (India), SBI Capital Markets, Intensive Fiscal Services, and ITI Capital are the lead book runners of the IPO.
Deepak Builders & Engineers
The IPO, which will open on October 21, will be raising a sum of Rs 260 crore through a combination of fresh shares and an offer for sale. The company’s shares were attracting a premium of 30% in the grey market, indicating gains on listing day.
The company will be making its secondary market debut on October 28. The company will close its IPO on October 23. The IPO price band ranges between Rs 192 to Rs 203 per equity share. Fedex Securities is the sole book-runner of the IPO and Kfin Technologies is the registrar for the issue.
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