Upcoming IPOs: No mainboard openings, one SME issue to launch this week; 10 listings scheduled

Upcoming IPOs: Primary markets are set for a muted week, as no mainboard initial public offering will open for subscription. Only one SME IPO – Modern Diagnostic & Research Centre – will go live this week.

The ₹36.89 crore BSE SME issue of Modern Diagnostic and Research Centre will open for subscription on December 31 and conclude on January 2. It is completely a fresh issuance of 40,99,200 shares without an offer for sale (OFS) component.

With a price band of ₹85 to ₹90 per share, a lot consists of 1,600 shares. The minimum investment for an individual investor is two lots or 3,200 shares.

The fresh issue proceeds will be used to fund capital expenditure for the purchase of medical equipment for diagnostic centres and laboratories, working capital needs, debt repayment and general corporate purposes.

"We believe that listing will enhance our corporate image and visibility of brand name of our company. We also believe that our company will receive the benefits from listing of equity shares on the SME Platform of BSE Limited (BSE SME). It will also provide liquidity to the existing shareholders and will also create a public trading market for the Equity Shares of our company," the firm said.

Modern Diagnostic and Research Centre provides pathology and radiology testing services like imaging (including radiology) and pathology/clinical laboratory.

Gujarat Kidney & Super Speciality, Shyam Dhani Industries among 10 companies to list this week

Gujarat Kidney and Super Speciality share listing will take place on Tuesday, December 30. The allotment status was finalised on Friday, December 26.

The ₹250.80 crore initial share sale was exclusively a fresh issuance of 2.20 crore shares. The IPO, with a price band of ₹108 to ₹114 per share, was subscribed 5.21 times.