The third week of July promises to be an exciting one on the IPO front. Investors will have the opportunity to participate in three new public issues starting July 14th. These include one mainboard issue and two SME segment issues. In addition, a company's follow-on public offer (FPO) will also be listed on the stock market. Furthermore, a total of 6 companies are going to debut on the stock exchange, which is expected to further increase the activity in the market.
Spunweb Nonwoven will also open its SME IPO from July 14th
Spunweb Nonwoven's SME segment issue will also open on July 14th and close on July 16th. The company's issue size is Rs 60.98 crore. The price band of this IPO has been set at Rs 90 to Rs 96 per share. Investors will have to apply for 1200 shares in one lot.
The allotment of this issue will take place on July 17th and its listing is expected on the NSE SME platform on July 21st. This company is involved in the manufacturing of nonwoven fabric and is emerging as an option for small investors.
Anthem Biosciences to bring the largest mainboard IPO
The largest IPO to open from July 14th is that of Anthem Biosciences. This is a mainboard segment issue and its total size is approximately Rs 3395 crore. The price band of this public offer has been fixed between Rs 540 to Rs 570 per share.
Investors will have to bid for a lot of at least 26 shares in this issue. The issue will open on July 14th and close on July 16th. The allotment of shares will be decided on July 17th and its listing will be on both BSE and NSE stock exchanges on July 21st.
Monika Alcobev's issue will open from July 16th
Another public issue in the SME segment is being brought by Monika Alcobev. This issue will open on July 16th and close on July 18th. The company's issue size is Rs 153.68 crore. Its price band has been fixed between Rs 271 to Rs 286 per share.
For investment in this issue, 400 shares have been kept in one lot. Allotment will be on July 21st and its listing on the BSE SME platform is expected on July 23rd. The company is involved in the distribution and trading of premium alcoholic beverages.
Smartworks IPO's last day is July 14th
The IPO of Smartworks Coworking Spaces is already open and the last date for investment is July 14th. This is a mainboard segment issue which opened on July 10th. The size of this public issue is Rs 582.56 crore.
The price band per share has been set at Rs 387 to Rs 407 and there are 36 shares in one lot. This issue has received 1.20 times subscription so far. Its allotment will be decided on July 15th and it will be listed on both BSE and NSE on July 17th.
Entry of six companies into the stock market confirmed
Along with IPOs, listings will also attract investors' attention in the new week. On July 14th, three companies will enter the stock market.
- Travel Food Services will be listed on the mainboard
- Chemkart India will be listed on the BSE SME platform
- Smarten Power Systems will debut on NSE SME
After this, shares of GLEN Industries will be listed on BSE SME on July 15th. Then there will be two more listings on July 16th:
- Asston Pharmaceuticals on BSE SME
- CFF Fluid Control's FPO will also be listed on BSE SME.
This FPO was subscribed 8.45 times. At the same time, Smartworks Coworking Spaces is going to be listed on July 17th.
Growing interest seen in the SME segment
Investors' interest in the SME segment has increased rapidly in the past few months. Small and medium-sized companies are raising capital through IPOs and investors are also expecting good returns.
Retail investors are showing enthusiasm regarding the upcoming SME IPOs like Spunweb and Monika Alcobev this week. Listings of SME platforms are also happening rapidly now.
What is the difference between IPO and FPO
IPO i.e. Initial Public Offer is the process when a company sells its shares to the general public for the first time and gets listed on the stock market. On the other hand, FPO i.e. Follow-on Public Offer comes into play when a company is already listed on the stock market and issues new shares to raise money again from the public.
FPOs are often used by companies for purposes such as expansion or repayment of debt. CFF Fluid Control's issue is one such example.
Investors' eyes are on allotment and listing dates
The subscription and listing dates of the IPOs and FPOs in this week of July are going to be very important for investors. Those investors who have bid or are thinking of bidding in these issues are now keeping an eye on the allotment status and the potential rise or fall on the listing day.
