Upcoming IPOs this week: Ardee Industries, LEAP India, Technocraft Ventures, 4 other IPOs to open, 11 listings scheduled

At least seven initial public offerings will open for subscription this week. They include three mainboard issues of Ardee Industries, LEAP India and Technocraft Ventures. SME issues that will hit the primary market include Anawil Wire & Engineering, Aegeus Technologies, LAPL Automotive and Optimystix Entertainment India.

Listing scheduled for this week include Manipal Health Enterprises, MV Electrosystems, Juniper Green Energy, Advance Technoforge, Propshop Events & Exhibitions, Poojaa Precision Engg, HR Hygiene Products, Dhaval Packaging, Oneindig Technologies, Fusion Klassroom Edutech and GV Electricals.

Ardee Industries IPO

Ardee Industries Ltd, a leading firm in secondary metals and circular economy sectors, will launch its ₹425.87 crore IPO on August 5. The issue, with a price band of ₹50 to ₹53 per share, will conclude on August 7.

The IPO consists a fresh issue of shares aggregating up to ₹320 crore and an offer for sale (OFS) component of up to 1.99 crore equity shares worth ₹105.87 crore by promoters -- Sandeep Aggarwal and Nikunj Aggarwal.

Of the fresh issue, ₹220 crore will be used for funding the company's incremental working capital requirements, ₹20 crore will be earmarked for debt repayment, and the remaining funds will be used for general corporate purposes.

A lot consists of 281 shares and in multiples thereafter.

Ardee Industries Ltd operates in the circular economy segment, focusing on recovering and recycling end-of-life energy storage products and non-ferrous scrap.

LEAP India IPO

Asset pooling and supply chain solutions company Leap India has set a price band of ₹151 to ₹159 per share for its IPO, which will be open from August 7 to August 11.

The ₹2,480 crore initial public offering is a mix of new shares aggregating to ₹480 crore and an OFS of ₹2,000 crore.

Fresh issue proceeds will be used for debt repayment and general corporate purposes.

A lot consists of 94 shares and in multiples thereafter.

Technocraft Ventures IPO

Public infrastructure development company Technocraft Ventures will launch its IPO on August 7 to raise up to ₹251.88 crore through a combination of a fresh issue and an OFS.

The price band has been fixed at ₹200 to ₹212 per share, and a lot consists of 70 shares. The three-day initial share sale will conclude on August 11.

The IPO comprises a fresh issue of shares aggregating up to ₹201.51 crore and an offer for sale (OFS) of ₹50.37 crore.

Of the fresh issue, ₹150 crore will be earmarked for funding the company's working capital requirements, and the remaining amount will be used for general corporate purposes.

Technocraft Ventures Ltd, incorporated in 1998, is a public infrastructure development company that undertakes turnkey Engineering, Procurement, and Construction (EPC) projects.