Upcoming IPOs this week: Vikran Engineering, Anlon Healthcare, Globtier Infotech among 10 issues to open, 8 listings scheduled; check list

Upcoming IPOs this week: The week starting on August 25 will see ten initial public offerings open for subscription. They include two mainboard IPOs and eight SME offers.

The stock listings scheduled for this week include Studio LSD, LGT Business Connextions, Gem Aromatics, Shreeji Shipping Global, Patel Retail, Vikram Solar, Mangal Electrical, and ARC Insulation.

Vikran Engineering IPO

The initial public offering of infrastructure EPC player Vikran Engineering Ltd will hit the primary market on August 26 to raise ₹772 crore. The issue will conclude on August 29.

It has set a price band of ₹92 to ₹97 per share, and a lot consists of 148 shares. The IPO is a fresh issuance of shares valued at ₹721 crore and an offer for sale (OFS) of ₹51 crore by promoter Rakesh Ashok Markhedkar.

The Mumbai-based company will use net proceeds for working capital requirements and general corporate purposes.

Vikran Engineering, an engineering, procurement & construction (EPC) company, provides end-to-end services from conceptualisation, design, installation, testing, and commissioning on a turnkey basis.

Systematix Corporate Services and Pantomath Capital Advisors are the issue's book-running lead managers, while Bigshare Services serves as registrar.

Anlon Healthcare IPO

The initial public offer is exclusively a fresh issuance of 1.33 crore shares without an OFS component.

The funds generated will be used for capital expansion needs for proposed expansion, debt repayment, working capital needs and general corporate purposes.

Here's a look at upcoming SME IPOs this week

• NIS Management IPO (August 25 to August 28): The ₹60.01 crore offer is a fresh issuance of ₹51.75 crore and an OFS of ₹8.26 crore. The price band is set at ₹105 to ₹111 per share.
• Globtier Infotech IPO (August 25 to August 28): The ₹31.05 crore offer is a fixed price issue of ₹31.05 crore, with a fresh issuance and OFS component. The IPO price is ₹72 per share.
• Sattva Engineering Construction IPO (August 26 to August 29): The company seeks to raise ₹35.38 crore by issuing 0.47 crore new equity shares. The price range is fixed at ₹70 to ₹75 per share.
• Current Infraprojects IPO (August 26 to August 29): The firm is aiming to raise ₹41.80 Crore via fresh issuance of 52,25,600 equity shares with a price band of ₹76 to ₹80 per share.
• Oval Projects Engineering IPO (August 28 to September 1): It is solely an offering of 0.55 crore new shares. The company has not announced the price band yet.
• Abril Paper Tech IPO (August 29 to September 2): The company is looking to raise ₹13.42 crore through fresh issuance of shares. The issue price is ₹61 per share.
• Snehaa Organics IPO (August 29 to September 2): The Hyderabad-based company is entirely a fresh issuance of shares valued at ₹32.68 crore. The price band is set at ₹115 to ₹122 per share.
• Sugs Lloyd IPO (August 29 to September 2): The technology-driven engineering and construction company is only a fresh issue of ₹85.66 crore, with a price band of ₹117 to ₹123 per share.