IPO calendar: 4 new issues, 7 listings to keep primary markets busy next week

Four new IPOs will open for subscription in the primary market next week, including three in the SME segment. Apart from these new issues, Street will also witness 7 listings.

Going forward, primary market momentum looks strong for the rest of the year, with some bankers expecting as many as 1,000 IPOs over the next two years.

Here’s what to expect on the IPO front next week

Denta Water and Infra IPO

The Denta Water and Infra Solutions IPO will open for subscription on January 22 and close on January 24. Investors can bid for a minimum of 50 equity shares in a lot for which the price band is Rs. 279 to Rs. is set to 294.

The IPO is purely a fresh issue of up to 75,00,000 equity shares with no offer for sale component. From its fresh issue of Rs. Proceeds of up to 150 crores will be used to meet working capital requirements; and general corporate purpose, subject to applicable laws.

Established in 2016, Denta Water & Infra Solutions has emerged as one of the key players in the field of water engineering, procurement and construction (EPC) services.

It has contributed to address the growing demand for water related solutions in the country with a quality track record in infrastructure project installations including groundwater recharging through recycled water.

Notable achievements of the company include Byarapura and Hiremagalur LIS projects, Karagada LIS project and others, mainly operated through lift irrigation systems.

SMC Capitals is the sole book-running lead manager, and Integrated Registry Management Services is the registrar of the issue.

SME segment

In the SME segment, a total of 3 IPOs are scheduled to open for subscription. Capital Numbers Infotech’s IPO, priced at Rs. 250-263, it will start from January 20. Meanwhile, the public offer of Rexpro Enterprises will be available for bidding from January 22. Meanwhile, GB Logistics will launch its initial public offering. On 24 January.

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