Upcoming IPOs: SRIT India, Shah Investor's Home, Nityas Gems among 19 issues to open next week; 20 listings scheduled

At least 19 initial public offerings will be for subscription next week. They include three mainboard IPOs of SRIT India, Shah Investor's Home and Nityas Gems & Jewellery.

SME issues that will launch next week include Acme Universal Safezone 9, Shivchem Agro, Pind Hospitality, Shree TNB Polymers, Vans Electroengineerings, Papadmalji Agro Foods, Black Opal Consultants, EverestMS Technologies, Omara Ventures, Sollfege Smart Electronics, Eventions, SJP Ultrasonic, Dove Soft, TNA Solutions, Acme India Industries and Paramount Syntex.

Shah Investor's Home IPO

The ₹90.17 crore initial share sale of Shah Investor's Home will be open from September 28 to September 30. The price band has been set at ₹159 to ₹167 per share. A lot consists of 85 shares.

The issue is solely a fresh issuance of 53.99 lakh shares, with no offer for sale component.

The fresh issue proceeds will be used for funding working capital requirements and general corporate purposes.

"Our company expects to receive the benefits of listing of equity shares on the Stock Exchanges including enhancing our company’s visibility and brand image and creating a public market for our company’s equity shares in India," the company said in its red herring prospectus.

Shah Investor's Home is a retail brokering company, offering various services covering equity broking services and derivatives broking services. Its services facilitate the buying and selling of financial products like equities, mutual funds distribution, IPO investing and other securities.

SRIT India IPO

SRIT India IPO will hit the primary market on September 28. The issue, with a price band of ₹123 to ₹130 per share, will end on September 30.

The public offer is exclusively a fresh issuance of 1.68 crore shares totalling ₹218.40 crore.

The net proceeds from the issue will be used for capital expenditure needs towards modernisation of existing products and redevelopment, working capital needs, inorganic growth through unidentified acquisitions and general corporate purposes.

Investors can apply for at least 115 shares and in multiples thereafter.

SRIT India is an information technology and information technology-enabled services (IT/ITeS) solutions firm, offering digital solutions, custom application development and system integration services.

Nityas Gems & Jewellery IPO

Lab-grown diamond-studded gold jewellery maker Nityas Gems & Jewellery, which has set a price band of ₹70 to ₹75 per share for its ₹108.35 crore initial public offering, will be open from September 30 to October 5.

The initial share sale is a fresh issuance of 1.45 crore shares.

The money raised will be used for working capital needs and general corporate purposes.

A lot consists of 200 shares.

IPO listings next week; check list