Upcoming IPOs this week: GNG Electronics, Indiqube Spaces, Monarch Surveyors, 5 other issues to open, 3 listings scheduled; check list

Upcoming IPOs this week: A total of eight initial public offerings will open for public subscription in the week starting July 21. This includes mainboard issues of GNG Electronics and Indiqube Spaces.

Stock listings scheduled to occur this week include Anthem Biosciences, Spunweb Nonwoven, and Monika Alcobev.

GNG Electronics IPO

The IPO is a mix of a fresh issue of shares valued at ₹400 crore and an offer-for-sale worth ₹60.43 crore.

The money raised will be used for the debt payment and funding working capital requirements. A part will also be utilised for general corporate purposes.

GNG Electronics is among the leading refurbishers of laptops and desktops with a notable presence across India, Europe, the US, the UAE and Africa. The firm operates under the 'Electronics Bazaar' brand.

Motilal Oswal Investment Advisors, JM Financial, and IIFL Capital Services are the issue's book-running lead managers. Shares will list on the stock exchanges on July 30.

Indiqube Spaces IPO

The ₹700 crore issue, with a price band of ₹225 to ₹237 per share, is raising ₹650 crore by issuing new equity shares. The promoters will also be divesting shares valued at ₹50 crore.

The firm proposes to use the fresh issue to the tune of ₹462.6 crore for capital expenditure needs towards establishing new centres, ₹93 crore for debt repayment and to serve general corporate purposes.

The application size is 63 shares.

Incorporated in 2015, Indiqube Spaces handles a portfolio of 8.40 million square feet across 115 properties in 15 cities.

JM Financial and ICICI Securities are IPO's book-running lead managers. Equity shares will debut on the NSE and the BSE on July 30.

PropShare Titania IPO

Property Share Investment Trust will raise ₹473 crore via the initial public offering (IPO) of PropShare Titania. Notably, this is the investment trust's second Small and Medium Real Estate Investment Trust (SM REIT) scheme. The public issue will be open from July 21 to July 25.

The price band has been fixed at ₹10 lakh-₹10.6 lakh per unit. It is a fresh issuance of Titania units without any offer for sale (OFS) component.

SME IPOs to open this week; check list

• Savy Infra & Logistics IPO: July 21 to July 23
• Swastika Castal IPO: July 21 to July 23
• Monarch Surveyors & Engineering Consultants IPO: July 22 to July 24
• TSC India IPO: July 23 to July 25
• Patel Chem Specialities IPO: July 25 to July 9