Upcoming IPOs: Waaree Energies IPO among 8 issues to open for subscription next week; check details

It will be another busy week for the primary markets from October 21 to October 25, with the launch of as many as eight new initial public offerings (IPO). Of these, three of them are mainboard IPOs, with the remaining five belonging to the small and medium enterprise (SME) category.

Apart from the three mainboard issues of Godavari Biorefineries, Waaree Energies, and Deepak Builders and Engineers India, the investors will keep a close watch on the much-awaited market debut of Hyundai Motor India Limited.

Waaree Energies Ltd IPO (Issue open on Oct 21)

The price band of the book-built issue is fixed at ₹1,427 to ₹1,503 per share, with the lot size being 9 shares.

The mainboard issue is worth ₹4,321.4 crore. The IPO comprises fresh issuance of 2.4 crore shares aggregating to ₹3,600 crore and an OFS of 48 lakh shares aggregating to ₹721.44 crore.

Waaree Energies IPO share allotment is expected to be finalised on October 24. The stock will be listed on the BSE and NSE, with a tentative listing date of October 28.

Deepak Builders and Engineers India IPO (Issue open on Oct 21)

It is a book-built issue comprising a fresh issue of 1.07 crore shares, aggregating to ₹217.21 crore, and an OFS of 21 lakh shares, amounting to ₹42.83 crore.

The price band for the IPO has been set at ₹192 to ₹203 per share. The minimum lot size for an application is 73 shares.

The allotment is expected to be finalised on October 24, while the listing on BSE and NSE is likely on October 28.

Godavari Biorefineries IPO (Issue open on Oct 23)

Godavari Biorefineries manufactures ethanol-based chemicals in India. Its IPO will open for subscription on Wednesday, October 23, and close on Friday, October 25.

It is a 100% book-built issue that aims to raise a total of ₹554.75 crore. Godavari Biorefineries price band has been fixed at ₹334 to ₹352 per share.

The issue consists of a fresh issue of 92 lakh shares, aggregating ₹325 crore, and an offer-for-sale (OFS) of over 65 lakh shares, aggregating ₹229.75 crore.

The allotment of shares is expected to be finalised on October 28. The stock is likely to be listed on both BSE and the National Stock Exchange of India (NSE) on October 30.

Premium Plast Limited (Issue open on Oct 21)

The issue is entirely a fresh issuance of 53.46 lakh shares. The price band is fixed at ₹46 to ₹49 per share, with the lot size for an application being 3,000 shares.

The allotment is expected to be finalised on October 24. The stock should list on the NSE Emerge platform on October 28.

Danish Power Ltd (Issue open on Oct 22)

Transformer manufacturer Danish Power Ltd IPO is opening for subscription from Tuesday, October 22, to Thursday, October 24.

The IPO price band has been fixed at ₹360 to ₹380 per share, with the lot size being 300 units for retail investors. The offer is a book-built issue aimed to raise a total of ₹197.9 crore. It is entirely a fresh issuance of 52.08 lakh shares.

The allotment for the IPO is expected to be finalised on October 25, Friday. The stock is likely to be listed on the NSE Emerge on October 29.

United Heat Transfer IPO (Issue open on Oct 22)

United Heat Transfer Limited manufactures equipment such as heat exchangers, pressure vessels, and process flow skids. The ₹30-crore IPO is opening for subscription on October 22, Tuesday, and closing on October 24, Thursday.

The price band has been set at ₹56 to ₹59 per share. The minimum lot size for an application is 2,000 units. The public offer is entirely a fresh issuance of 50.84 lakh shares.

The allotment for the issue is expected to be finalised on October 25, Friday. The stock is likely to be listed on the NSE SME platform on October 29.

OBSC Perfection IPO (Issue open on Oct 22)

OBSC Perfection is a precision metal components manufacturer offering a wide range of precision engineering products. Its IPO is opening for subscription on October 22, and closing on October 24.

The issue is a 100% book-built issue that aims to raise a total of ₹66.02 crore. It is made up entirely of a fresh issuance of 66.02 lakh shares.

The price band of the IPO is set at ₹95 to ₹100 per share. The lot size for an application is 1,200 shares. The allotment is expected to be finalised on Friday, October 25. The listing on the NSE Emerge platform is expected on Tuesday, October 29.

Usha Financial Services (Issue open on Oct 24)

Non-banking financial company Usha Financial Services is launching its ₹98.45-crore IPO next week. The IPO opens for subscription on October 24 and closes on October 28.

The issue is entirely a fresh issuance of 58.6 lakh shares. The price band is set at ₹160 to ₹168 per share, with the lot size for an application being 800 units.

The allotment is expected to be finalised on October 29 and the stock will list on the NSE Emerge on October 31.

New stock listings next week

Besides these eight new IPOS, three stocks listings are also expected on exchanges next week. This includes the much-awaited market debut of Hyundai Motor India Ltd. The issue garnered a lukewarm response from investors, getting oversubscribed by just 2.37 times during the three-day bidding period. The stock would list on both BSE and NSE on October 22.

Two SMEs companies Lakshya Powertech Ltd and Freshara Agro Exports Ltd would also be listed on the NSE Emerge platform on October 23 and October 24, respectively.