Market Buzz: 5 IPOs Set to Make Waves, 2 Stocks to Make Grand Entry on Dalal Street.

Rajesh
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The coming week is set to be a bustling one for the primary market, with five initial public offerings (IPOs) taking center stage, among which three are from small and medium enterprises (SMEs). Additionally, two companies are eagerly awaited to make their market debut, making it an exciting time for investors and traders alike.

5 IPOs Set to Make Waves, 2 Stocks to Make Grand Entry on Dalal Street.

1. SBFC Finance IPO:

First in line is the non-banking finance company SBFC Finance, which aims to raise Rs 1,025 crore. The bidding for its mainboard offering will open on August 3. The IPO comprises a fresh issuance of shares worth Rs 600 crore and an offer for sale of Rs 425 crore by the promoters. The price band for this offering has been set at Rs 54-57 per share, and the subscription window closes on August 7. The company plans to use the proceeds from the fresh issue to bolster its capital base and support business growth and assets.

2. Concord Biotech IPO:

Following SBFC Finance, biopharma company Concord Biotech will make its public issue debut on August 4. Backed by the late ace investor Rakesh Jhunjhunwala's firm RARE Enterprises, Concord Biotech is offering 2.09 crore equity shares for sale, which accounts for 20 percent of the paid-up equity. The IPO is expected to raise around Rs 1,500-1,600 crore, with a valuation target of $950 million to $1 billion. The price band for this IPO will be announced soon, and the subscription will close on August 8.

3. SME Offerings:

In the SME segment, there will be three IPOs to watch out for:

- Oriana Power: A solar energy solutions provider, Oriana Power's IPO opens on August 1 at a price band of Rs 115-118 per share. The company aims to raise Rs 59.66 crore through this fresh issuance, which will be utilized to meet working capital requirements and invest in its subsidiaries.

- Vinsys IT Services: An IT skill development & training services provider, Vinsys IT Services' IPO also opens on August 1, but at a price band of Rs 121-128 per share. The company is eyeing Rs 49.84 crore through the issuance of 38.94 lakh equity shares. The funds will be used for working capital needs, loan repayment of the subsidiary, and general corporate purposes.

- Yudiz Solutions: Bidding for Yudiz Solutions' IPO begins on August 4, with a price band of Rs 162-165. The IT solutions and consultancy services provider aims to raise Rs 44.84 crore through the issuance of 27.17 lakh equity shares. The funds will be utilized for acquisition, development of new products and technology, networking and cabling, branding & marketing, and capital expenditure.

4. Zeal Global Services Listing:

Zeal Global Services' IPO, which opened on July 28, will be available for subscription until August 1. The logistics solutions company seeks to raise Rs 36.46 crore through the issuance of 35.4 lakh shares at an offer price of Rs 103.

Market Debut Listings:

Yasons Chemex Care, a manufacturer of dyes and pigment paste, is set to make its market debut on the NSE SME platform on August 3. Following this, Innovatus Entertainment Networks, a firm specializing in direct marketing solutions, will make its debut on the next day.

With a diverse array of IPOs and market debuts, investors will have several exciting opportunities to explore in the coming week. As always, it's essential to conduct thorough research and due diligence before making any investment decisions. Happy investing!

Also Read : How Bharat Rasayan Turned Rs 10,000 into Nearly Rs 7 Lakh in a Decade : Unveiling the Untold Success Story

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