Anticipated IPOs Next Week: BlueStone, Regaal Resources, and Two Small-Medium Enterprises (SMEs) set to debut; Explore the 11 must-see listings in detail - Peruse the comprehensive list
Upcoming IPOs in India: A Busy Week Ahead for Primary Market Investors
Next week is set to be a busy one for primary market investors in India, with four fresh public issues and 11 companies making their market debut. Among these, four IPOs offer diverse sector exposure, including jewellery retail, agro-based manufacturing, publishing, and real estate.
BlueStone Jewellery IPO
The largest of the upcoming IPOs is BlueStone Jewellery, with a total size of ₹1,540.65 crore. The price band for this direct-to-customer jewellery retailer has been set between ₹492 to ₹517 per share, with a minimum lot size of 29 shares, making the minimum investment approximately ₹14,268. The issue will open for subscription on August 11 and close on August 13, with shares expected to list on August 19. Axis Capital Limited is the Book Running Lead Manager for this IPO, with Kotak Mahindra Capital Company and IIFL Capital Services also involved.
Regaal Resources IPO
Regaal Resources, an agro-based company engaged in manufacturing maize-based starch and speciality starch products, will have its Rs 306 crore IPO open from August 12 to August 14. The price band for this IPO has been set between ₹96 to ₹102 per share, with a lot size of 144 shares. The company expects to raise ₹210 crore via fresh equity and ₹96 crore through an offer for sale.
Icodex Publishing Solutions IPO
The Icodex Publishing Solutions IPO will list on the BSE SME platform on August 19. The price band for this SME IPO, focused on publishing solutions, is ₹98-Rs 102. The IPO will open for subscription on August 11 and close on August 13. Part of the proceeds from this IPO will be used for acquiring new office space and hardware, and partly for working capital.
Mahendra Realtors & Infrastructure IPO
The Mahendra Realtors & Infrastructure IPO will open for subscription on August 12 and close on August 14. This SME IPO aims to raise Rs 49.45 crore and will be used to meet working capital requirements and general corporate expenses. The price band for this real estate and infrastructure development company is ₹75-Rs 85 per share, with the shares expected to list on the NSE SME platform on August 20.
Investors should consider the price bands, lot sizes, key dates, and business models of these IPOs before making investment decisions. BlueStone Jewellery, with its large size, is likely to attract significant attention from investors. However, each IPO offers unique opportunities and should be evaluated based on individual investment strategies.
- Investors looking at the Indian primary market next week may find appealing opportunities in four upcoming IPOs, including BlueStone Jewellery, Regaal Resources, Icodex Publishing Solutions, and Mahendra Realtors & Infrastructure.
- Given the various sectors involved, such as jewellery retail, agro-based manufacturing, publishing, and real estate, these IPOs encourage diversification within portfolios.
- The DefiFi community could also view these IPOs as alternatives for investment, taking into account the recent rise in interest in the stock market and finance.