These New IPOs Will Launch At Dalal Street Next Week; View the Full List And Additional Information Here

Two new firms will make their Dalal Street debut during the third week of August, while two public offerings from the previous week are still active this week, keeping investors on their toes.

Despite the secondary market losing money for four weeks in a row owing to the depreciation of the Indian rupee, increasing domestic inflation, a reduction in foreign investment, China’s slowdown, and concerns about US interest rates, the primary market in India has continued to rise.

Punglia, Vishnu Prakash, Ltd.

The subscription period for the first public offering (IPO) of Vishnu Prakash R Punglia Ltd. begins on August 24 and ends on August 28. The price range for the issuance has been established by the business at Rs 94 to Rs 99 per share.

On Wednesday, August 23, the auction for anchor investors will start. In multiples of 150 equity shares, bids must be made for a minimum of 150 equity shares in the proposed IPO. Equity shares have a face value of 10 apiece.

Up to 3,00,000 shares are set aside for workers, while 15% of the offer is allocated for non-institutional investors (NII), 15% of the offer is designated for qualified institutional buyers (QIB), and 35% of the offer is reserved for retail investors.

Fresh offerings of up to 31.20 million shares without an offer for sale (OFS) component make up the whole of the IPO. The offer also requires qualified workers to reserve a subscription.

The new issue’s proceeds will be split about 58.64 crore for capital equipment acquisitions and 140 crore for working capital requirements and other business purposes.

Aviation Flex Industries Ltd.

The IPO’s subscription period begins on Tuesday, August 22 and ends on Thursday, August 24. The IPO’s price range has been set at Rs. 102 to Rs. 108 per equity share.

A minimum of 130 equity shares or multiples of 130 equity shares may be offered in a bid. On August 21st, the anchor investors’ bid will start.

The shares will be allocated on August 29, refunds will be processed on August 30, and the allottees’ shares will be reimbursed on August 31. On Friday, September 1, the anticipated IPO would be posted on the NSE and BSE stock exchanges.

The offer is made up of a new issuance of equity shares with a maximum value of 162 crore rupees and an offer-for-sale (OFS) of up to 1.75 crore equity shares by the promoters, selling shareholders, and promoter group. Each equity share has a face value of 2 rupees.

The proceeds from the new issuance will be put to use for debt repayment, working capital requirements, and a part will be set aside for general business purposes and purchases for inorganic growth.

Qualified Institutional Buyers (QIB) are entitled to approximately 50% of the shares, Non-Institutional Investors (NII) to 15%, and Retail Investors to 35% of the offer.

Inc. Pyramid Technoplast

The Pyramid Technoplast IPO began on August 18 and will end on August 22. On day 1, there were 1.61 subscriptions to the issue.

The issue’s price range has been set by the business at Rs 151 to Rs 166 per equity share with a face value of Rs 10. On Thursday, August 17, the IPO raised Rs 27.55 crore via an anchor book procedure.

The IPO consists of a new issue of 91.30 crores and an offer for sale (OFS) part worth 61.75 crores at the upper band price.

Engineering Bondada Ltd.

The IPO’s subscription period started on Friday, August 18, and it will end on Tuesday, August 22. The planned IPO’s price range has been set by the business at Rs 75 per equity share with a face value of Rs 10 apiece.

A minimum of 1,600 equity shares or multiples of 1,600 equity shares may be offered in a bid. On the first day after publication, the issue had over 70% subscription.

Retail investors, whose share set was subscribed 1.35 times, and non-institutional purchasers, whose portion set was subscribed 4%, responded favorably to the offer.

Plant Life Science Ltd.

The initial public offering (IPO) of the agrochemical firm began on August 18 and will end on August 22.

On Friday, the first day of the bidding process, the issue had a subscription rate of over 84%. Against the offer of 51.40 lakh equity shares, bids for the issuance totaled 41.16 lakh.

The price range for the issuance has been set by the agrochemical firm at Rs. 52 per equity share with a face value of Rs. 10. The offering consists of a new issuance of 51.40 lakh equity shares for a total of 26.73 crore. No offer for sale (OFS) element is present.