Upcoming IPOs to Watch in July: Exciting Opportunities for Investors.

Rajesh
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The month of July is set to be an eventful one for investors as the stock market gears up for a flurry of Initial Public Offerings (IPOs) and the release of Q1 results. This week, Dalal Street is abuzz with anticipation, as four companies are preparing to launch their IPOs. Three of these IPOs belong to small and medium enterprises (SMEs), while one is a main board IPO. Here, we provide an overview of the upcoming IPOs in July, offering valuable insights for investors seeking potential investment opportunities.

Upcoming IPOs To Watch In July

1. Utkarsh Small Finance Bank Limited IPO:

Utkarsh Small Finance Bank aims to raise Rs 500 Crores through its IPO, issuing 200,000,000 equity shares at a face value of Rs 10 each. The subscription for this IPO will open on July 12, 2023, and close on July 14, 2023. The issue price has been set within a range of Rs 23 to Rs 25 per share. Retail investors must subscribe to a minimum of 600 shares, requiring a minimum investment of Rs 15,000.

The listing of Utkarsh Small Finance Bank IPO is expected to take place on July 24, 2023, on the BSE and NSE platforms. The share allotment process will occur on July 19, 2023, and the anchor investors' auction will commence on July 11, 2023. Kfin Technologies Limited has been assigned as the registrar for Utkarsh Small Finance Bank IPO, while Icici Securities and Kotak Mahindra Capital Company will serve as the lead managers.

2. Kaka Industries Limited IPO:

Kaka Industries is an SME IPO with a target to raise Rs 21.23 Crores through the public market, issuing 3,660,000 equity shares with a face value of Rs 10. The subscription for this IPO opened on July 10, 2023, and will remain open until July 12, 2023. The IPO price band is set at Rs 55 to Rs 58 per share. The listing of Kaka Industries Limited is scheduled for July 20, 2023, on the BSE SME platform. Share allotment will be finalized on July 17, 2023. Retail investors must subscribe to a minimum of 2000 shares, requiring a minimum investment of Rs 116,000.

Bigshare Services Pvt Ltd is serving as the registrar, and Hem Securities Limited is the lead manager for Kaka Industries IPO. The company has allocated 44.96% of shares to qualified institutional buyers (QIBs), 13.55% to non-institutional investors (NII), 31.52% to retail investors, and the remaining 4.98% to market makers.

3. Ahasolar Technologies Limited IPO:

Ahasolar Technologies is another SME IPO aiming to raise Rs 12.85 Crores by offering 818,400 equity shares at a face value of Rs 10. The subscription for this IPO commenced on July 10, 2023, and will close on July 13, 2023. The IPO price has been fixed at Rs 157 per share. Retail investors are required to subscribe to a minimum of 800 shares, with a minimum investment of Rs 125,600. The company is slated to be listed on the BSE SME platform on July 21, 2023.

Kfin Technologies is the registrar for Ahasolar Technologies IPO, while Beeline Capital Advisors Pvt Ltd will serve as the book running lead manager. The company has reserved 5.18% of the net issue for market makers, 47.41% for retail investors, and an equal amount for others.

4. Service Care IPO:

Service Care IPO is an SME IPO offering a fresh issue of 30,86,000 shares. The subscription for this IPO will open on July 14, 2023, and close on July 18, 2023. The company is expected to be listed on the NSE SME platform on July 26, 2023. The issue price, lot size, and IPO size have not been made public yet. Share allotment will take place on July 21, 2023.

Service Care has reserved 50% of the Net Issue for qualified institutional buyers (QIB), 15% for high net worth individuals (HNI), and 35% for retail investors. Integrated Registry Management Services Private Ltd is the registrar for Service Care IPO, while Swastika Investmart Ltd will serve as the book-running Lead Manager(s).

Conclusion:

With the launch of these exciting IPOs, investors have a golden opportunity to explore potential investment avenues and benefit from the growth potential of these companies. It is advisable to carefully analyze the prospects and risks associated with each IPO before making investment decisions. By staying informed about the upcoming IPOs, investors can position themselves to make well-informed investment choices.

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