Upcoming IPOs this week: Manipal Health, Juniper Green, MV Electrosystems, 8 other issues to open; 7 listings scheduled

The primary market will witness at least three mainboard initial public offerings open for subscription this week. They include Manipal Health Enterprises, MV Electrosystems and Juniper Green Energy. SME IPOs that will go live include Propshop Events & Exhibitions, Advance Technoforge, Poojaa Precision Engg, HR Hygiene Products, Dhaval Packaging, Oneindig Technologies, GV Electricals and Fusion Klassroom Edutech.

Listings that are scheduled for this week include Indo-MIM, Xtranet Technologies, Lohia Corp, Gulf Lloyds, Metalic Technoforge, Shree Balaji Mala and Silverstorm Parks & Resorts.

Manipal Health Enterprises IPO

Multi-speciality hospital operator Manipal Health Enterprises is seeking to raise ₹9,275.22 crore through a fresh issuance of ₹8,000 crore and an offer for sale (OFS) of ₹1,275.22 crore.

The money raised will be used to repay borrowings of its subsidiary, Manipal Hospitals Private Ltd, acquire the minority stake in step-down unit Sahyadri Hospitals and for general corporate purposes.

With a price band of ₹560 to ₹590 per share, a lot consists of 25 shares.

Manipal Health operates a pan-India network of multispecialty hospitals providing services ranging from outpatient care to tertiary and quaternary interventions.

MV Electrosystems IPO

MV Electrosystems, a leading manufacturer of overhead electrification (OHE) products for railways, will go live on July 30. The issue, with a price band of ₹400 to ₹425 per share, will conclude on August 3.

The ₹290 crore IPO is a fresh issuance of shares aggregating to ₹290 crore. There is no OFS component.

The funds raised will be utilised for working capital requirements, investment in research design and development activities for new power electronic equipment and corporate general purposes.

An application consists of 34 shares and multiples thereof.

Juniper Green Energy IPO

The ₹1,800 crore book-build issue of renewable energy solutions provider Juniper Green Energy is exclusively a fresh issuance of equity shares. The initial share sale is open from July 30 to August 3.

The objectives of the issue include repayment of certain borrowings of the company, its material subsidiary and a subsidiary. A portion will also be used for general corporate purposes.

With a price band of ₹214 to ₹225 per share, a lot consists of 66 shares and multiples thereafter.

Juniper Green Energy is a renewable independent power producer, which develops, builds, operates and maintains utility-scale renewable energy projects via an in-house EPC team and O&M team and generates revenue through the sale of electricity to various off-takers, including state and central government-backed entities.