Primary market will see four IPOs totaling Rs. 1,390 crore available for subscription this next week

 Primary market will see four IPOs totaling Rs. 1,390 crore available for subscription this next week

Among the nine businesses making their market debut this week are ESAF Small Finance Bank, Cello World, and Honasa Consumer, the parent company of Mamaearth.

With four initial public offers (IPOs) totaling Rs 1,390 crore available for subscription and nine companies making their bourse debut, the last week of Samvat 2079 will be a busy one for the main market.

IPO for Protean eGov Technologies

The first initial public offering (IPO) of the mainboard segment will be by citizen-centric and population-scale e-governance solutions company Protean eGov Technologies. It will open for business on November 6 in the price range of Rs 752-792 per share.

Only an offer-for-sale (OFS) by those who invested, which include 360 One Special The possibilities Fund, HDFC Bank, Axis Bank, Deutsche Bank A G, Union Bank of India, and NSE Investments, is available for the Rs 490.33-crore offer, which ends on November 8.

IPO for ASK Automotive

The company ASK Automotive, which specializes in cutting-edge two-wheeler braking systems, will launch the second public offering in the mainboard market. November 7-9 is when the auction will take place, with prices ranging from Rs 268 to Rs 282.

The promoters, Kuldip Singh and Vijay Rathee, are once again offering an OFS for the Rs 834-crore IPO. The promoters will get all of the money.

IPO for Sunrest Lifescience

The offer from Ahmedabad-based Sunrest Lifescience, one of the two SME IPOs opening this week, will begin trading on November 7 at a price of Rs 84 per share. November 9 is the deadline for bids on the fixed price issue.

The IPO for Rs 10.85 crore is entirely new. The company that sells health and personal care items will utilize the money mostly for basic business needs and working capital requirements.

ROX Technology IPO

The IPO opening for IT solutions business ROX Hi-Tech will follow the same timeline as Sunrise Lifescience. The book-built issue's price range has been set at Rs 80–83 per share.

With the additional issuing of shares valued at Rs 49.95 crore as well as an offer-for-sale of Rs 4.54 crore by promoters Sukanya Rakesh as well as Janet Rekha, the Chennai-based business hopes to raise Rs 54.49 crore via the IPO.

The company intends to use the proceeds from the new issuance to establish a global software delivery center in Noida, a network operations center (NOC) and security operations center (SOC) in Chennai. The proceeds from the new issuance will also be used to pay for general company costs and working capital needs.

This week's closing IPOs

IPO of ESAF Small Finance Bank

On November 7, the small finance bank will conclude its Rs 463-crore public offering.  On November 3, when the offer went up for subscription, 1.74 times as many shares in the price range of Rs 57–60 were subscribed.

The IPO of Micropro Software Solutions

This week will also see the closure of two further public problems, both from the SME sector. On November 7, Micropro Software Solutions, an IT service provider, will end its fixed-price contract.  When the Rs 30.7-crore initial public offering (IPO) was launched on November 3, 1.88 times as many shares as available were subscribed.

India's Baba Food Processing IPO

On November 7, Baba Food Processing India's initial public offering (IPO) will also conclude. The IPO pricing range for the firm that manufactures agro-foods has been set at Rs 72-76 per share.

On November 3, the first day of bidding, 2.82 subscriptions were made for the Rs 33-crore new offer.

this week's listings

Among the nine firms making their market debut this week are Cello World, Honasa Consumer, the parent company of Mamaearth, a personal care products company, and ESAF Small Finance Bank, three mainboard category stocks.

The T+3 timetable has been chosen by all three mainboard firms in place of the previous T+6 timeframe.

Cello World, a consumer goods firm, makes its debut on November 6 after earning Rs 1,900 crore via a public offering that received 39 subscriptions between October 30 and November 1. The price per share for the final issuance has been set at Rs 648.

According to individuals who spoke with Moneycontrol, ESAF Small Finance Bank could be on November 10 and Honasa Consumer listings on November 7.

7.61 times as many people subscribed to Honasa Consumer's Rs 1,701 crore public offering.

According to experts who asked to remain anonymous, Cello World was traded at a 25 percent premium on the shadow economy over the issue price of Rs 648 per share, Honasa with approximately a 5 percent premium around the issue price of Rs 324, and ESAF at a 33 percent premium above the top price range. IPO shares may be purchased and sold on the grey market, an unregulated marketplace, up to the listing day.

November 8 will see the debut of KK Shah Hospitals and SAR Televenture on the BSE SME as well as NSE Emerge, while November 9 will see the listing of shares on the NSE Emerge by Maitreya Medicare and Transteel Seating Industries.

Additionally, Mish Designs will launch on November 10 as well as Vrundavan Plantation on November 9 on the BSE SME.