Upcoming IPOs this week: Sacheerome issue goes live, Oswal Pumps, 2 other offers set to open for subscription; check list

Upcoming IPOs: The week starting on June 9 will see four initial public offerings, including the mainboard issue of Oswal Pumps, open for subscription.

Sacheerome IPO went live on Monday, June 9. The two SME IPOs that will launch this week include Jainik Power and Cables, and Monolithisch.

Oswal Pumps IPO

The initial share sale of Oswal Pumps will consist of a fresh issuance of ₹890 crore and an offer-for-sale (OFS) component of 0.81 crore shares. The company has not announced the price band yet.

The issue will be live from June 13 to June 17.

The funds generated will be used for capital expenditure needs, investment in wholly-owned subsidiary Oswal Solar, debt repayment, and general corporate purposes.

IIFL Capital Services, CLSA India, JM Financial, Nuvama Wealth Management and Axis Capital are the IPO's book-running lead managers, while MUFG Intime India is the registrar.

Oswal Pumps makes different types of pumps, including solar pumps, submersible pumps, and pressure pumps.

Sacheerome IPO

Fragrances and flavours maker Sacheerome's initial public offering is solely a fresh issue of 60.41 lakh shares worth ₹61.62 crore. The IPO, with a price band of ₹96 to ₹102 per share, opened on June 9.

It will conclude on June 11.

The application size is 1,200 shares worth ₹1,22,400 (cut-off price) and in multiples thereafter.

The funds raised will be used for establishing a new manufacturing plant and corporate general purposes.

Sacheerome Ltd is engaged in making fragrances and flavours.

Jainik Power and Cables IPO

The objects of the issue are to clear debt, set up a plant, meet working capital needs, and serve general corporate purposes. A portion will also be used to meet issue expenses.

A lot, with 1,200 shares, costs ₹1,32,000 (cutoff price)

Jainik Power and Cables makes aluminium wire rods. Its products are sold in Haryana, Delhi, Uttarakhand, Rajasthan, and Uttar Pradesh.

Monolithisch India IPO

The public offer of Monolithisch India will hit the primary market on June 12. It will conclude on June 16. The price range has been fixed at ₹135 to ₹143 per share, and a lot consists of 1,000 shares.

The ₹82.02 crore NSE SME issue is exclusively a fresh issuance of 57.36 lakh shares. The net proceeds will be used to set up a manufacturing facility, invest in a subsidiary, meet working capital requirements and cover general corporate purposes.

The company makes ramming mass, a refractory material used in induction furnaces.

Ganga Bath Fittings IPO listing

Besides this, shares of Ganga Bath Fittings will also list on the NSE SME platform on Wednesday, June 11.