The year 2025 is likely to be bigger and better for the primary market, with some experts predicting primary market fundraising to reach Rs. 2 lakh crore is predicted to cross. Currently, around 100 companies have filed their draft offer letters with market regulator Sebi, which have either received approval or are awaiting clearance.
Here’s what to expect on the IPO front next week
Standard Glass Lining IPO
Standard Glass Lining Technology’s IPO will open on January 6 and close on January 8. per equity share Rs. 133 and Rs. A price band has been fixed between 140 and investors can bid for a minimum of 107 equity shares in a lot.
The IPO raised Rs. 210 crore is a mix of fresh issue and promoter selling and offer for sale of 1,42,89,367 equity shares by the promoter group and other selling shareholders.
The proceeds from its fresh issues will be used to fund the Company’s capital expenditure requirements for the purchase of machinery and equipment, repayment of debt, investment in its wholly-owned materials subsidiary S2 Engineering Industry, strategic investments and/or to fund inorganic growth. editing; and general corporate purposes.
Standard Glass Lining Technology’s capabilities include designing, engineering, manufacturing, assembly, installation and commissioning solutions and establishing standard operating procedures for pharmaceutical and chemical manufacturers on a turnkey basis.
IIFL Capital Services, and Motilal Oswal Investments are the book-running lead managers, and KFin Technologies Limited is the registrar of the issue.
Quadruple Future Tech IPO
Quadrant Future Tech’s IPO will open for subscription on January 7. The company through a fresh issue of 1 crore shares at Rs. 290 crore and will list its stock on January 14 on both the BSE and NSE platforms.
For the IPO, the company has raised Rs. 275 to Rs. A price band of 290 has been fixed and investors can bid for a minimum of 50 shares and multiples thereof.
Proceeds from the fresh issue will be used to meet long-term working capital requirements for the specialty cable division, capital expenditure for developing electronic interlocking system, repayment of outstanding working capital term loan and the balance will be used for general corporate purposes.
Quadrant is a research-driven company focused on developing next-generation train control and signaling systems for Indian Railways, prioritizing passenger safety and reliability. It also operates a specialty cable manufacturing facility equipped with an advanced electron beam irradiation center.
Sunday Capital Advisors is the book-running lead manager, while Link Intime India will serve as the registrar for the offering, managing the allotment and other processes.
Capital Infra Trust IPO InvIT
The IPO of Capital Infra Trust InvIT will open on January 7 and the price band for the issue is Rs. 99 to Rs. 100 per unit has been fixed. The company paid Rs. 1,578 crore applied for a public issue of its units.
InvIT intends to acquire, manage and invest primarily in nine completed and revenue generating initial portfolio assets, totaling approximately 682.425 km, operated and maintained pursuant to concessions granted by NHAI and owned and operated by the Project SPV. These roads are located in the states of Haryana, Rajasthan, Bihar, Uttarakhand, Himachal Pradesh, Madhya Pradesh and Karnataka.
SME segment
In the SME segment, a total of 4 IPOs are slated to open for subscription, of which the public offer from Indobel Insulation will begin on January 6. The remaining 3 IPOs will be open to Delta Autocorp, BR Goyal Infrastructure and Avex Apparels. Public Bidding from January 7.
(disclaimer: Recommendations, suggestions, opinions and views given by experts are their own. (These do not represent the views of The Economic Times)
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