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

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

Upstox
By Upstox News Desk

3 min read | Updated on October 21, 2024, 08:37 IST

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SUMMARY

Upcoming IPOs: The mainboard public offers of Waaree Energies, Deepak Builders and Engineers, Godavari Biorefineries, and Afcons Infrastructure, will keep the primary markets busy this week.

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A total of nine IPOs will open this week.

Upcoming IPOs: The week starting October 21 will be busy as nine initial public offerings—including four mainboard and five SME IPOs—open for subscription. In addition, shares of Hyundai Motor India, Lakshya Powertech, and Freshara Agro Exports will be listed on the stock exchanges this week.

Waaree Energies IPO

Waaree Energies IPO, which has set a price range of ₹1,427 to ₹1,503 per equity share, will be open for subscription from October 21 to October 23.

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.

Waaree Energies IPO: 5 things to know

Deepak Builders and Engineers IPO

The IPO of leading construction firm Deepak Builders and Engineers will open on October 21. The issue, which will close on October 23, has a fixed price band at ₹192-₹203 per share.

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.

Godavari Biorefineries IPO: Check business model, price band & more

Afcons Infrastructure IPO

The initial share sale of Afcons Infrastructure Ltd, a Shapoorji Pallonji group firm, will go live on October 25 to raise ₹5,430 crore.

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)
To learn more about IPO listings, schedules, and upcoming IPOs, visit our page.
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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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