Upcoming IPOs: Saraswati Saree Depot and 4 SME issues to open for subscription this week

As many as five initial public offerings (IPO), including mainboard Saraswati Saree Depot Ltd’s issue, will hit Dalal Street this week to raise a total of ₹257 crore.

On the mainboard, two IPOs of FirstCry.com and Unicommerce eSolutions hit the street last week.

Here are the details of IPOs opening for subscription this week.

Saraswati Saree Depot Ltd (Issue size: ₹160 crore)

The public offer of women’s apparel and sarees wholesaler Saraswati Saree Depot will open for subscription on Monday, August 12 and closes on Wednesday, August 14.

The IPO comprises a fresh issue of 64,99,800 equity shares worth up to ₹103.99 crore and an Offer for Sale of 35.01 lakh shares worth up to ₹56.01 crore. The company seeks to raise a total of ₹160.01 crore.

The company has fixed the price band at ₹152 per share to ₹160 per share for the IPO. The minimum lot size is 90 shares and the minimum investment required is ₹14,400 for retail investors.

Saraswati Saree Depot IPO would finalise the share allotment on August 16, 2024, according to its RHP. It has proposed to list shares on BSE and NSE on August 20, 2024.

Unistone Capital Pvt Ltd is the book running lead manager. Bigshare Services Pvt Ltd is the IPO registrar.

Four SME IPOs to open for subscription

Four SME public offers will open for bidding this week. These IPOs are Sunlite Recycling Industries, Positron Energy Ltd, Solve Plastic Products Ltd and Broach Lifecare Hospital Ltd.

Sunlite Recycling Industries (Issue size: ₹30.2 crore)

The IPO of oxygen-free copper rods manufacturer and supplier Sunlite Recycling Industries will open for subscription on August 12 on NSE SME platform. The IPO closes on August 14. The ₹30.24 crore IPO, a book built issue, comprises a fresh issue of 28.8 lakh shares.

The company has fixed the price band at ₹100 to ₹105 per share. The minimum lot size is 1200 shares and the minimum investment required is ₹1,26,000.

The company has proposed to announce the share allotment status on Friday, August 16. Shares of Sunlite Recycling Industries will be listed on NSE SME on August 20.

Positron Energy Ltd (Issue size: ₹51.2 crore)

The IPO of consultancy and technical services provider to oil&gas industry Positron Energy Ltd will open on August 12 on the NSE SME platform. The IPO, a book built issue, closes on August 14. The issue comprises a fresh issue of 20.48 lakh shares.

Positron Energy has fixed the price band at ₹238 to ₹250 per share for the IPO. The minimum lot size is 600 shares. The minimum amount of investment required is ₹1,50,000.

The share allotment by Positron Energy is expected on Friday, August 16. Shares of the company will be listed on NSE SME on Tuesday, August 20.

Solve Plastic Products (Issue size: ₹11.8 crore)

The ₹11.85-crore IPO of Solve Plastic Products will open for subscription on August 13 on NSE SME platform. The fixed price issue will close on August 16. The IPO comprises a fresh issue of 13.02 lakh shares. The company has fixed the price at ₹91 per share. The minimum lot size is 1,200 shares. The minimum amount of investment is ₹1,09,200.

The company is expected to finalise share allotment on August 19 (Monday). Shares of Solve Plastic Products will be listed on NSE SME on August 21.

Broach Lifecare Hospital Limited (Issue size: ₹4 crore)

The ₹4.02-crore public offer of Broach Lifecare Hospital Ltd will open for subscription on BSE SME platform on August 13 and closes on August 16, 2024. The IPO comprises a fresh issue of 16.08 lakh shares.

The company has fixed the price at ₹25 per share. The minimum lot size is 6,000 shares. The minimum amount of investment required is ₹1,50,000.

The company is expected to finalise share allotment on August 19. Shares of the company will be listed on BSE SME on August 21, 2024.

Three IPOs to start trading on exchanges this week

Three IPOs, including Unicommerce eSolutions and FirstCry.com, will be listed on stock exchanges this week. The SME IPO of Aesthetik Engineers will also be listed on the NSE SME platform on August 16.

Brainbees Solutions Ltd, the parent company of retailer FirstCry.Com, will make its market debut on BSE and NSE on August 13. The IPO was booked more than 12 times.

SaaS solutions provider Unicommerce eSolutions Ltd will list on BSE and NSE on August 13 as well. The IPO was booked 168 times.