The public offerings of Orient Technologies and InterArc Building will open for subscription next week, while the SME segment will see issues from Brace Port Logistics and Forcas Studios.
In addition to the new issues, the Street will also see a listing of five companies, including Saraswati Sari Depot, whose IPOs have received strong response from investors this week.
The current healthy IPO trend looks set to continue, with 25 more companies already approved by SEBI raising around Rs. 22,000 crore is planning to enter the market.
“India’s IPO success story is taking shape amid global economic uncertainty and geopolitical tensions. Whether the country can sustain this momentum amid global challenges depends on several factors, including economic growth, regulatory landscape and global market trends,” Pantomath Capital. The advisers said.
Here’s what to expect on the IPO front next week
Interarch Building Products IPO
Steel construction solutions provider Interarch Building Products has announced its next Rs. 1,186 crore for an IPO of Rs. 850-900 price band, which will open on August 19 and close on August 21.
In IPO Rs. 200 crore fresh issue of shares and Rs. Includes an offer for sale (OFS) of up to 44.48 lakh shares with a face value of 10 per share. At the upper price band of Rs 900, OFS would be worth around Rs 400.28 crore.
Under the OFS, Arvind Nanda, Gautam Suri, Ishan Suri, Shobhana Suri and OIH Mauritius Limited will divest their stake.
InterArc Building Products was incorporated in 1983 and over the years, the company has evolved into a turn-key PEB solutions provider with integrated facilities for design and engineering, manufacturing and on-site project management capabilities for installation and erection of supplied PEB. by the company which enables it to deliver end-to-end solutions to its customers.
Ambit, and Axis Capital are the book running lead managers of the issue, while Link Intime India is the registrar of the offer.
Orient Technologies IPO
IT solutions provider Orient Technology raised Rs. 195-206 has announced a price band, which opens for subscription on August 21 and closes on August 23.
The company through IPO raised Rs. 215 crore plans to raise, of which Rs. 120 crore new equity sale and offer for sale (OFS) of 46 lakh shares.
Under the OFS, promoters Ajay Baliram Sawant, Umesh Navneetal Shah, Ujwal Arvind Mhatre and Jayes Manharlal will sell their stake.
Over the years, Orient Tech has developed deep expertise in building products and solutions for specific disciplines across IT infrastructure, IT Enabled Services (IteS) and cloud and data management services.
Elara Capital is acting as the sole book running lead manager for the IPO and Link Intime India is the registrar.
SME segment
In the SME segment, both the IPOs of Forcas Studio and Brace Port Logistics will open for subscription on August 19. The issue will close on August 21.
While Forcas has priced its issue at Rs 77-80 per share, Brace Port has fixed a price band in the range of Rs 76-80 per share.
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