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  1. Upcoming IPOs this week: Dr Agarwal's Health Care, one BSE SME IPO to open for subscription, and 6 new listings; check list

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Upcoming IPOs this week: Dr Agarwal's Health Care, one BSE SME IPO to open for subscription, and 6 new listings; check list

Upstox

3 min read | Updated on January 27, 2025, 09:05 IST

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SUMMARY

Dr Agarwal's Health Care IPO, which is backed by Temasek Holdings and TPG, will be open for subscription from January 29 to January 31. It has set a price band of ₹382 to ₹402 per share.

Six IPOs, including Denta Water and Infra Solutions, will be listed this week. | Image: Shutterstock

Six IPOs, including Denta Water and Infra Solutions, will be listed this week. | Image: Shutterstock

Despite the market turbulence, the primary market will see two initial public offerings (IPOs) open for subscription this week. They include the mainboard public offer of Dr Agarwal's Health Care and Malpani Pipes And Fittings IPO, a BSE SME issue.

Six initial share sales are also scheduled to list in the week starting January 27.

Dr Agarwal's Health Care IPO

The IPO of Dr Agarwal's Health Care, which is backed by Temasek Holdings and TPG, will be open for subscription from January 29 to January 31. It has set a price band of ₹382 to ₹402 per share. The ₹3,027.26 crore issue consists of a fresh issuance worth ₹300 crore and an offer-for-sale (OFS) of ₹2,727.26 crore by promoters and other existing shareholders.

The funds generated will be used for debt repayment, corporate general purposes and unidentified inorganic acquisitions.

The minimum application size is 35 shares, requiring an investment of ₹14,070.

Morgan Stanley India Company Pvt Ltd, Kotak Mahindra Capital Company Ltd, Motilal Oswal Investment Advisors Limited and Jefferies India Pvt Ltd are the issue's book-running lead managers, while Kfin Technologies Ltd is the registrar.

Malpani Pipes And Fittings IPO

The ₹25.92 crore Malpani Pipes And Fittings IPO is exclusively a fresh issue of 28.80 lakh equity shares. There is no OFS component. The issue will be open from January 29 to January 31.

The money generated will be used for capital expenditures on plant and machinery, loan repayment, and general corporate purposes.

The price range has been fixed at ₹85 to ₹90 per share. Retail investors can apply for at least one lot, consisting of 1,600 shares, needing an investment of ₹1,44,000.

The book-running lead manager for the IPO is Interactive Financial Services, while Bigshare Services is the registrar.

Six IPOs to list this week

The mainboard IPO of Denta Water and Infra Solutions, which was subscribed 221.68 times, will be listed on Wednesday, January 29. It was solely a fresh issue of 75 lakh equity shares valued at ₹220.5 crore.

The other IPOs that will be listed this week include

  • CapitalNumbers Infotech IPO: January 27 on BSE SME
  • Rexpro Enterprises: January 29 on NSE SME
  • CLN Energy: January 30 on BSE SME
  • GB Logistics Commerce: January 31 on BSE SME
  • HM Electro Mech: January 31 on BSE SME
To know more about IPOs listing, schedule and upcoming IPOs, visit our page.

About The Author

Upstox
Upstox News Desk is a team of journalists who passionately cover stock markets, economy, commodities, latest business trends, and personal finance.

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