Upcoming IPOs next week: Glottis, Fabtech Technologies, Om Freight Forwarders among 20 issues to open; 27 listings scheduled; check list

Upcoming IPOs next week: A total of 20 initial public offerings will hit the primary market in the week starting September 29. This includes four mainboard issues and 16 SME IPOs.

Stock listings that are scheduled for next week include Ganesh Consumer Products, Atlanta Electricals, Solarworld Energy Solutions, Seshaasai Technologies, Anand Rathi Share, Jaro Education, Jain Resource Recycling, BMW Ventures, Epack Prefab Technologies, Jinkushal Industries, TruAlt Bioenergy, Prime Cable Industries, BharatRohan Airborne Innovations, NSB BPO Solutions, True Colors, Matrix Geo Solutions, Ecoline Exim, Aptus Pharma, Systematic Industries, Gurunanak Agriculture, Praruh Technologies, Solvex Edibles, Justo Realfintech, Telge Projects, Chatterbox Technologies, Earkart and Gujarat Peanut.

Glottis IPO

Logistics service provider Glottis Ltd's ₹307 initial share sale will be open from September 29 to October 1. The price band has been fixed at ₹120 to ₹129 per share, and a lot consists of 114 shares.

The Chennai-based firm's IPO is a combination of a fresh issuance of ₹160 crore and an offer for sale (OFS) component of ₹147 crore by promoters Ramkumar Senthilvel and Kuttappan Manikandan.

The money generated will be utilised for repayment of debt, purchase of commercial vehicles and corporate general purposes.

Glottis is a leading logistics service provider with a key focus on energy supply chain solutions. It serves clients across multiple industries, including engineering products, renewable energy, granite & minerals, home appliances, timber, logistics, agro, consumer durables, automobiles, chemicals, medical, textiles, plywood, construction, and FMCG.

Fabtech Technologies IPO

Biopharma engineering player Fabtech Technologies has fixed a price range of ₹181 to ₹191 per share for its ₹230.35 crore initial public offering (IPO), which will be live from September 29 to October 1. A lot consists of 75 shares.

The IPO is solely a fresh issuance of 1.2 crore shares with no OFS component.

The money generated will be allotted for inorganic growth initiatives through acquisitions, working capital needs and corporate general purposes.

Fabtech Technologies provides comprehensive start-to-finish solutions ranging from designing and engineering to procurement, installation and testing of select pharmaceutical equipment.

Om Freight Forwarders IPO

Om Freight Forwarders IPO will open for subscription on September 29. The issue, with a price band of ₹128 to ₹135 per share, will conclude on October 1. The minimum application size is 111 shares.

The public offer seeks to raise ₹122.31 crore by offering 0.18 crore shares worth ₹24.44 crore and an OFS of ₹97.88 crore by promoters Rahul Jagannath Joshi, Kamesh Rahul Joshi and Harmesh Rahul Joshi.

The objectives of the offer include capital expenditure requirements for the acquisition of commercial vehicles and heavy equipment and general corporate purposes.

Om Freight Forwarders is a third-party logistics provider, offering integrated service to our customer. Its services include international freight forwarding, vessel agency services, customs clearance (CHA), warehousing, transportation service and distribution.

Advance AgroLife IPO

Agrochemical company Advance Agrolife's ₹192.86 crore IPO has set a price band of ₹95-₹100 per share. A lot consists of 150 shares.

The initial share sale, which is entirely a fresh issuance of 1.93 lakh shares, will be open for subscription from September 30 to October 3.

The money generated will be used for working capital requirements and general corporate purposes.

Advance Agrolife makes an array of agrochemical products that support the entire lifecycle of crops. Its product portfolio includes herbicides, insecticides, fungicides, and plant growth regulators.

Upcoming SME IPOs next week