IPOs Next Week: SBFC Finance IPO to Oriana Power IPO; 5 new issues, 2 listings to keep primary market buzzing

Let’s take a look at some of the companies that are opening for subscription this week, along with few that are getting listed on the bourses.

SBFC Finance IPO:

The initial public offering (IPO) of non-banking finance company SBFC Finance will open for subscription on Thursday, August 3. SBFC Finance IPO comprises of fresh issuance of equity shares worth ₹600 crore and an offer for sale (OFS) of ₹425 crore, according to the Red Herring Prospectus (RHP). The total offer size of SBFC Finance IPO now is ₹1,025 crore. It has fixed price band at ₹54-57 per share for the issue.

The allocation to anchor investors for SBFC Finance IPO is scheduled to take place on Tuesday, August 2, and the issue will conclude on August 7. SBFC Finance is a mainboard IPO and its shares will get listed on stock exchanges BSE and NSE. After the conclusion of the IPO, the tentative listing date for shares is set as August 16, 2023.

Concord Biotech IPO:

Biotechnology firm Concord Biotech is set to launch its IPO for subscription on Friday, August 4, which would be the second public issue opening in the upcoming week after SBFC Finance.

The public issue comprises only an OFS of 2.09 crore equity shares by Helix Investment Holdings Pte Limited, the private fund operated by Quadria Capital. With this, Helix will be exiting the company. The anchor book will be launched for a day on August 3, a day before the issue opening. The basis of allotment will be done on August 11.

The Ahmedabad-based pharma company, which is backed by private equity firm Quadria Capital and the late veteran investor Rakesh Jhunjhunwala’s firm Rare Enterprises, will close its issue on August 8. 

Concord Biotech is a mainboard IPO and its shares will get listed on stock exchanges BSE and NSE. After the conclusion of the IPO, the tentative listing date for shares is set as August 17, 2023.

Oriana Power IPO:

Oriana Power is a small- and medium-sized enterprise (SME) IPO, which will open for subscription on Tuesday, August 1, 2023. The company has fixed the price band for its IPO at ₹115 to ₹118 per equity share. The energy firm plans to raise around ₹60 crore through the IPO. The issue will close on Thursday, August 3.

The IPO will follow the book-building route and will include 50.55 lakh equity shares, each with a face value of ₹10. The listing of these shares will take place on NSE Emerge. The tentative listing date after the conclusion of the issue is set as August 11.

Oriana Power provides solar energy solutions and offer their services to industrial and commercial customers. The firm works on low-carbon energy solutions, which involve on-site solar project installations i.e., rooftop and ground-mounted systems and off-site solar farms i.e. open access.

Vinsys IT IPO:

Vinsys IT IPO, another SME issue, will open for subscription on Tuesday, August 1. The IPO is entirely a fresh equity issue of up to 38.94 lakh equity shares aggregating up to ₹49.8 crore. The company will offer its shares at a price band of ₹121-128 apiece, and investors can bid for 1,000 shares in one lot. The issue will close on Friday, August 4 and the final allotment will likely be made on August 9.

The listing of shares will take place on the NSE Emerge platform. The tentative listing date after the conclusion of the issue is set as August 14.

Vinsys IT Services is engaged in offering services in IT skill development, tranings, and certification domain. The company is a part of the Vinsys Group. As of now, the group comprises eight entities operating in India, as well as having a marked global footprint in the USA and Middle Eastern Countries.

Yudiz Solutions IPO:

Yudiz Solutions is an SME IPO which is set to open on Friday, August 4. In May, the blockchain and gaming company has received an NSE approval for an SME IPO. With this approval, the company is set to invest ₹8 crore to set up a gaming studio and a multi-gaming platform, according to reports.

The IPO is a fresh issue of 2,717,600 shares, aggregating up to ₹44.84 crore. The company has fixed the price band for the issue at ₹162- ₹165 per share. The issue will close of Tuesday, August 8 and the basis of allotment will take place on August 11.

The listing of these shares will take place on the NSE Emerge platform. The tentative listing date after the conclusion of the issue is set as August 17.

Yudiz Solutions Limited is engaged in the business of providing IT solutions and consultancy services. The services include mobile app development, game development, blockchain, AR/ VR, web development, website design, Android/iOS App Development, among others.

New listings:

Yasons Chamex: Shares of the dyes and paste-manufacturing company will get listed on NSE SME on Thursday, August 3. The IPO share allotment will take place on Monday, July 31. The investors who applied for the issue can check the Yasons Chemex Care IPO allotment status in the registrar’s portal, which is Kfin Technologies Ltd.

Innovatus Entertainment: Shares of the event management company will get listed on the BSE SME platform on Friday, August 4. The SME IPO share allotment will take place on Tuesday, 1 August. Those allotted shares will get them in their Demat accounts on Thursday, 3 August. The refund process for those who did not get shares will begin on Wednesday, 2 August.

Additionally, the ongoing issue of air-cargo logistics company Zeal Global Services will close on Tuesday, August 1. The IPO opened for subscription on Friday, July 28 and was subscribed 0.67 times on day one. The company has set the IPO’s price band at ₹103 per equity share and the share will be listed on the NSE SME exchange Wednesday, August 9.

Updated: 29 Jul 2023, 08:36 PM IST