On Friday, the last trading day of this week, the IPO market will witness significant activity. Four companies, with IPOs worth Rs 738 crore, will open for subscription. It is a mainboard company, and the BSE and NSE will list its shares. The other three companies are from the SME segment. Investors can subscribe to all these IPOs until January 23rd. The companies will enter the domestic market on January 29th. Now, let’s delve into the details of these developments.
EPACK DURABLE LIMITED
Epack Durable, the original design manufacturer (ODM) of room ACs, has an IPO worth Rs 640.05 crore. The IPO has a price band set at Rs 218-230 per share, with a lot size of 65 shares. The issuance includes new shares valued at Rs 400 crore. The company plans to allocate the funds for expanding manufacturing facilities (Rs 230 crore) and debt repayment (Rs 80 crore). The remaining amount for general corporate purposes. In the gray market, the shares are trading at a GMP of Rs 31, which is 13.48 percent of the upper price band of the IPO. https://www.nseindia.com/market-data/all-upcoming-issues-ipo
ADDICTIVE LEARNING TECHNOLOGY LIMITED
Addictive Learning Technology, an educational technology platform, is launching an IPO valued at Rs 60.16 crore, comprising both new shares and an offer for sale. The issue comprises new shares worth Rs 57.92 crore, priced between Rs 133-140, with a lot size of 1000 shares. Proceeds from the new shares will be allocated for various purposes. These include company acquisitions, technology investment, development of new courses, branding and marketing expenses, meeting working capital requirements, and general corporate purposes. The company’s shares will list on NSE SME. In the gray market, the shares are trading at a GMP of Rs 109, equivalent to 77.86 percent of the upper price band of the IPO.
KONSTELEC ENGINEERS LIMITED
Konstelec Engineers, an engineering, procurement, and construction/commissioning contractor, plans to launch an IPO valued at Rs 28.70 crore, exclusively issuing new shares. The IPO has a price band of Rs 66-70 per share, with a lot size of 2000 shares. The company will primarily direct the funds raised from the offering towards fulfilling working capital requirements. Konstelec Engineers specializes in electrical installation, solar power plant installation, instrumentation, and automation. The company’s shares will be listed on NSE SME. In the gray market, the shares are trading at a GMP (Grey Market Premium) of Rs 45, equivalent to 64.29 percent of the upper price band of the IPO.HOW TO CHANGE YOUR AADHAR CARD INFO
EUPHORIA INFOTECH INDIA LTD.
Euphoria Infotech, a Kolkata-based IT and ITes solution provider, aims to launch a Rs 9.60 crore IPO exclusively through new share issuance. The price band for the IPO is Rs 96-100 per share, and the lot size is 1200 shares. The company will utilize the funds raised to address working capital requirements, cover IPO expenses, and serve general corporate purposes. The company’s shares are scheduled to be listed on BSE SME. In the gray market, the shares are trading at a GMP of Rs 50, equivalent to 50 percent of the upper price band of the IPO.