Going forward, the primary market momentum for the rest of the year looks strong with some bankers expecting as many as 1,000 IPOs in the next two years.
Here’s what to look forward to on IPO front next week
Denta Water and Infra IPO
Denta Water and Infra Solutions IPO will open on January 22 for subscription and will close on January 24. Investors can bid for a minimum of 50 equity shares in one lot for which the price band has been set at Rs 279 to Rs 294 apiece.
The IPO is entirely a fresh issue of equity shares up to 75,00,000 with no offer for sale component. The proceeds from its fresh issuance to the extent of Rs 150 crore will be utilized for meeting working capital requirements; and general corporate purpose, subject to the applicable laws.
Established in 2016, Denta Water and Infra Solutions, has emerged as one of the key players in the field of water engineering, procurement, and construction (EPC) services.It has contributed to addressing the rising demand for water-related solutions in the country, with a meritorious track record in infrastructure project installations, including groundwater recharging through recycled water.The company’s notable achievements include the Byrapura and Hiremagalur LIS Project, Karagada LIS Project, and others, primarily executed through lift irrigation systems.
SMC Capitals is the sole book-running lead manager, and Integrated Registry Management Services is the registrar of the issue.
SME segment
In the SME segment, a total of 3 IPOs are set to open for subscription. The IPO of Capital Numbers Infotech, which is priced at Rs 250-263 apiece, will kick-off from January 20. Meanwhile, Rexpro Enterprises public offer will be available for bidding from January 22. Meanwhile, GB Logistics will launch its maiden public offer on January 24.
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