Upcoming IPOs: SEDEMAC Mechatronics, Elfin Agro, Srinibas Pradhan Constructions issues to open next week, nine listings scheduled

Upcoming IPOs: Three initial public offerings will hit the primary market next week. They include a mainboard IPO of SEDEMAC Mechatronics and two SME issues of Srinibas Pradhan Constructions and Elfin Agro India.

Listings that will take place in the week starting March 2 include Shree Ram Twistex, Clean Max Enviro Energy Solutions, Omnitech Engineering, PNGS Reva Diamond Jewellery, Kiaasa Retail, Mobilise App, Accord Transformer & Switchgear, Yaap Digital and Striders Impex.

SEDEMAC Mechatronics IPO

The ₹1,087.45 crore SEDEMAC Mechatronics IPO, which is open from March 4 to March 6, is an offer for sale (OFS) of 80.43 lakh shares. The price band has been set at ₹1,287 to ₹1,352 per share. A lot consists of 11 shares.

Under the OFS, promoters Manish Sharma and Ashwini Amit Dixit and investors selling shareholders like NRJN Family Trust, Xponentia Capital Partners, A91 Emerging Fund II LLP, Mace Pvt Ltd, HDFC Life Insurance Company and 360 One group will offload their stakes in the company.

As the issue is solely an OFS, the company will not get any proceeds from the IPO.

Pune-based Sedemac Mechatronics supplies control-intensive, critical-to-the-application electronic control units to original equipment manufacturers (OEM) in the mobility and industrial markets in India, the United States and Europe.

Elfin Agro India IPO

The initial share sale is a completely fresh issuance of ₹25.03 crore. The IPO, which is live from March 5 to March 9, is a fixed issue priced at ₹47 per share. A lot includes 3,000 shares. The minimum investment for an individual investor is two lots or 6,000 shares.

The net proceeds from the issue will be utilised for working capital requirements and corporate general purposes.

Elfin Agro India manufactures chakki atta (high-fibre whole wheat flour), tandoori atta (specialised flour), refined atta, sooji (semolina flour), maida (refined flour) and yellow mustard oil. The company sells its products under the brands 'ELFIN’S Shri Shyam BHOG' and 'Shiv Nandi' to wholesalers and retailers across Uttar Pradesh, Rajasthan, Gujarat, etc.

Srinibas Pradhan Constructions IPO

Srinibas Pradhan Constructions IPO is open from March 6 to March 10. The ₹20.32 crore issue consists of a fresh issuance of shares valued at ₹16.79 crore and an OFS aggregating to ₹3.53 crore.

A lot consists of 1,200 shares. The least investment for an individual investor is two lots or 2,400 shares.

Srinibas Pradhan Constructions is involved in infrastructure development across several domains, with a key focus on roads and highways, including rural and urban roads.