July 8, 2024
New Delhi, India
IPO Watch
As the Indian stock market continues to buzz with activity, several exciting initial public offerings (IPOs) are set to captivate investors in the coming week. These IPOs promise a diverse range of opportunities across sectors, aiming to raise substantial capital and expand their market presence. Among them, Sahaj Solar kicks off its subscription period from July 11 to July 15, 2024, with plans to raise ₹52.56 crores through the issuance of 29.2 lakh fresh shares priced between ₹171 to ₹180 per share. Ambey Laboratories, which began its subscription on July 4 and ends on July 8, targets ₹44.68 crores with its offering priced at ₹65 to ₹68 per share. Additionally, Ganesh Green Bharat and Effwa Infra and Research are also set to launch their IPOs from July 5 to July 9, aiming to raise ₹125.23 crores and ₹51.27 crores respectively. Investors eagerly await these opportunities amidst strong market sentiments and strategic pricing bands.
Below are the details of each IPO
Sahaj Solar IPO
- Subscription Period: July 11, 2024 – July 15, 2024
- Issue Size: ₹52.56 crores through a fresh issue of 29.2 lakh shares
- Price Band: ₹171 to ₹180 per share
- Book Running Lead Manager: Kunvarji Finstock Pvt Ltd
- Registrar: Kfin Technologies Limited
Ambey Laboratories IPO
- Subscription Period: July 4, 2024 – July 8, 2024
- Issue Size: ₹44.68 crores, with a fresh issue of 62.58 lakh shares (₹42.55 crores) and an offer for sale of 3.12 lakh shares (₹2.12 crores)
- Price Band: ₹65 to ₹68 per share
- Book Running Lead Manager: Fast Track Finsec Pvt Ltd
- Registrar: Link Intime India Private Ltd
- Market Maker: Nikunj Stock Brokers
Ambey Laboratories IPO allotment will be completed by Tuesday, July 9, 2024, and it will debut on the NSE SME platform tentatively on Thursday, July 11, 2024.
Also Read: SEBI Introduces New Surveillance Measures for Pre-Open IPO Sessions
Ganesh Green Bharat IPO
- Subscription Period: July 5, 2024 – July 9, 2024
- Issue Size: ₹125.23 crores through a fresh issue of 65.91 lakh shares
- Price Band: ₹181 to ₹190 per share
- Book Running Lead Manager: Hem Securities Limited
- Registrar: Kfin Technologies Limited
- Market Maker: Hem Finlease
Ganesh Green Bharat IPO allotment is anticipated by Wednesday, July 10, 2024, and will list on NSE SME with a tentative listing date of Friday, July 12, 2024.
Effwa Infra and Research IPO
- Subscription Period: July 5, 2024 – July 9, 2024
- Issue Size: ₹51.27 crores, with a fresh issue of 53.17 lakh shares (₹43.60 crores) and an offer for sale of 9.36 lakh shares (₹7.68 crores)
- Price Band: ₹78 to ₹82 per share
- Book Running Lead Manager: Shreni Shares Limited
- Registrar: Bigshare Services Pvt Ltd
- Market Maker: Rikhav Securities
Effwa Infra and Research IPO allotment is expected to be finalized by Wednesday, July 10, 2024, and it will list on NSE SME tentatively on Friday, July 12, 2024.
These IPOs present various investment opportunities, spanning different sectors and company sizes. Be sure to review the respective prospectuses and consider your investment strategy before subscribing.
Disclaimer:
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