India’s primary market is gearing up for a busy week, with a dozen IPOs lined up across the mainboard segment between September 7 and September 16. El…
1/121. Pranav Constructions IPO: Pranav Constructions will be the first mainboard IPO of the week, opening on September 7 and closing on September 9. The ₹351.03-crore issue has a price band of ₹118-124 per share and comprises a fresh issue of ₹315.6 crore and an OFS of ₹35.42 crore by existing investor BioUrja India Infra. The company plans to use the fresh proceeds towards redevelopment expenses, debt repayment and general corporate purposes.
2/122. Glass Wall Systems IPO: Glass Wall Systems will open its ₹427.89-crore IPO on September 8 and close on September 10. The price band is fixed at ₹172-182 per share. The issue comprises a ₹60-crore fresh issue and an OFS of ₹367.89 crore, meaning the bulk of the issue proceeds will go to existing shareholders rather than the company.
3/123. Kanohar Electricals IPO: Transformer manufacturer Kanohar Electricals will launch its IPO from September 8 to September 10. The issue size is ₹1,055.74 crore, with a price band of ₹601-632 per share. The IPO comprises a ₹300-crore fresh issue and an OFS of ₹755.74 crore. The company plans to use the fresh proceeds for capital expenditure and other corporate purposes.
4/124. Prasol Chemicals IPO: Specialty chemicals maker Prasol Chemicals will open its ₹500-crore IPO on September 8, with bidding closing on September 10. The price band has been fixed at ₹643-676 per share. The issue consists of a ₹80-crore fresh issue and an OFS of ₹420 crore. The fresh capital will primarily be used for debt repayment and general corporate purposes.
5/125. Arcil IPO: Asset Reconstruction Company (India), or Arcil, will open its IPO on September 9 and close on September 11. The issue is worth around ₹732.97 crore, with a price band of ₹132-139 per share. Unlike most other IPOs this week, Arcil’s offering is a 100% OFS, with 5.27 crore shares being sold by existing shareholders, including Avenue India Resurgence, SBI, Lathe Investment and Federal Bank. The company will not receive any proceeds from the issue.
6/126. Manipal Payment & Identity Solutions IPO: Manipal Payment & Identity Solutions will open its ₹805-crore IPO on September 9 and close on September 11. The price band is ₹322-339 per share. The issue comprises a ₹320-crore fresh issue and an OFS of around ₹485 crore by promoter Manipal Technologies. The company plans to use the fresh proceeds largely to purchase and install new and second-hand equipment.
7/127. Rentomojo IPO: Bengaluru-based furniture and appliance rental platform Rentomojo will launch its ₹1,255.57-crore IPO on September 9. The issue will remain open until September 11, with a price band of ₹384-404 per share. The IPO comprises a ₹150-crore fresh issue and an OFS of ₹1,105.57 crore by existing shareholders, including Accel India, Edelweiss, IDG Ventures India, ValueQuest and promoter Geetansh Bamania.
8/128. LCC Projects IPO: LCC Projects, an EPC company focused on irrigation and water supply projects, will open its ₹427.14-crore IPO on September 9 and close on September 11. The price band is ₹139-146 per share. The issue comprises a ₹258-crore fresh issue and an OFS of ₹169.14 crore. The company plans to use the fresh proceeds primarily towards repayment of borrowings and purchase of equipment.
9/129. Karamtara Engineering IPO: Karamtara Engineering will open its ₹875-crore IPO on September 9 and close on September 11. The price band has been fixed at ₹241-254 per share. The issue comprises a ₹675-crore fresh issue and an OFS of ₹200 crore by promoters Tanveer Singh and Rajiv Singh. The company manufactures products used in renewable energy and power transmission infrastructure.
10/1210. Steamhouse India IPO: Steamhouse India, a Gujarat-based industrial gas supplier, will open its ₹414-crore IPO on September 9 and close on September 11. The issue comprises a ₹353-crore fresh issue and an OFS of ₹61 crore by promoter Vishal Sanwarprasad Budhia. The price band has been fixed at ₹77 to ₹81 per equity share.
11/1211. Veegaland Developers IPO: Kerala-based real estate company Veegaland Developers will open its IPO on September 10 and close on September 15. The issue size is ₹210 crore, with a price band of ₹130-140 per share. The offering comprises entirely a fresh issue, with no OFS component. The company plans to use the proceeds for its development projects and other corporate requirements.
12/1212. Manika Plastech IPO: Manika Plastech, a manufacturer of rigid polymer packaging products, will open its IPO on September 11 and close on September 16. The company plans to raise ₹92.5 crore through a fresh issue, while promoter entity VRIDAA Holding Trust will sell up to 76.74 lakh shares through an OFS. However, the price band and final total issue size had not been announced as of September 6.
