Upcoming IPOs: Chamunda Electricals, 4 other public offers to open this week, 2 listings scheduled; check list

Upcoming IPOs: The week, starting February 3, 2025, will not see any mainboard IPO hit the primary market but five SME initial public offerings will open for subscriptions.

IPOs of Dr Agarwal's Health Care and Malpani Pipes And Fittings are also lined up for listing this week.

Chamunda Electricals IPO

The ₹14.6 crore book-built issue is exclusively a fresh issuance of 29.19 lakh shares. There is no offer-for-sale (OFS) component. The price band has been fixed at ₹47 to ₹50 per share.

The money raised will be used to meet capital expenditure requirements to buy new testing kits and equipment, fund working capital needs, repay debt, meet issue expenses, and serve general corporate purposes.

Ken Enterprises IPO

The ₹83.65 crore public offer is a mix of fresh issue worth ₹58.27 crore and an OFS of ₹25.38 crore.

The funds generated will be used for unidentified acquisitions in India and abroad, to purchase new machinery, to meet working capital requirements, and to renovate two manufacturing facilities.

Amwill Healthcare IPO

The initial public offer of Amwill Healthcare consists of a fresh issue of 44 lakh shares aggregating to ₹48.88 crore and an OFS of ₹11.10 crore.

The BSE SME issue has fixed a price range of ₹105 to ₹111 per share.

The net proceeds will be used for working capital requirements, marketing and brand-building activities, and corporate general purposes.

Readymix Construction IPO

The company will use funds raised to clear debt, meet working capital needs and serve general corporate purposes. The issue is open from February 6 to February 10.

Eleganz Interiors IPO

Interior fit-out solutions provider Eleganz Interiors' initial share sale is completely a fresh issuance of 60.05 lakh shares worth ₹78.07 crore.

The price band for the issue, which is live from February 7 to February 11, has been fixed at ₹123 to ₹130 per share.

The money generated will be used for debt repayment, general corporate purposes and to meet working capital needs.