Upcoming IPOs: Waaree Energies, Godavari Biorefineries, Afcons Infrastructure, 6 other offers to open this week; check list

Waaree Energies IPO

The ₹4,321.44 crore initial share sale is a fresh issuance of equity shares amounting to ₹3,600 crore and an offer-for-sale (OFS) component of 48 lakh shares by the promoter and existing shareholders.

The money raised will be used to set up 6 gigawatts (GW) of ingot wafer, solar cell and solar photovoltaic module manufacturing plants in Odisha and for general corporate purposes.

Deepak Builders and Engineers IPO

The ₹260 crore offer comprises a fresh issue of 1.07 crore shares and an OFS of 21 lakh shares.

The money raised will be utilised to repay borrowings, meet working capital requirements and serve general corporate purposes.

Godavari Biorefineries IPO

Ethanol and bio-based chemicals manufacturer Godavari Biorefineries has set a price band of ₹334-₹352 per equity share for its ₹555 crore IPO, which will be open from October 23 to October 25.

The book-built issue is a mix of fresh issue of shares worth ₹325 crore and an OFS of 65.27 lakh shares worth ₹230 crore.

The money generated will be used for repayment of the debt as well as general corporate purposes.

Afcons Infrastructure IPO

The IPO, which will close on October 29, is a fresh issuance of equity shares worth ₹1,250 crore and an OFS of ₹4,180 crore.

The money raised via fresh issuance will be used for capital expenditures, long-term working capital requirements, debt repayment, and general corporate purposes.

Upcoming IPOs: SME IPOs to open this week; check list

• Premium Plast IPO (October 21 to October 23)
• OBSC Perfection IPO (October 22 to October 24)
• United Heat Transfer IPO (October 22 to October 24)
• Danish Power IPO (October 22 to October 24)
• Usha Financial Services IPO (October 24 to October 28)