Natweb Technologies, Utkarsh Small Finance Bank, Service Care IPO among public issues to watch this week
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Designed by: Mohsin Shaikh
It will be yet another busy week for the primary market with two public issues getting rolled out for bidding and four listings lined up for BSE and NSE. Check all the IPOs to watch for in this week ending July 21, 2023
Upcoming IPOs this week
In the mainboard segment, high-end computing solutions provider Netweb Technologies India's IPO opened for subscription today (July 17). The company plans to mop up Rs 631 crore through the public issue, which comprises a fresh issuance of shares worth Rs 206 crore, and an OFS of Rs 425 crore by promoters
Netweb Technologies IPO
Netweb Technologies IPO will close on July 19. Eligible investors will get shares of the IPO by July 26, and the listing on the bourses will take place on July 27. This would be the 13th public issue in this calendar year
Netweb Technologies
IPO dates
The second IPO that opens this week will be Asarfi Hospital, from the SME segment. This issue will also open on July 17 and the closing would be on July 19, with a price band of Rs 51-52 per share. The Jharkhand-based healthcare facilities provider intends to raise Rs 26.97 crore from the public issue of 51.8 lakh shares at the upper price band, comprising only fresh issue
Asarfi Hospital IPO
Asarfi Hospital IPO proceeds will be utilised for capital expenditure of cancer hospital at Ranguni in Jharkhand, and acquisition of land on leasehold basis for Health Management and Research Institute at Ranchi, besides general corporate purposes. Successful investors will get their shares in demat accounts by July 26 and Asarfi Hospital will debut on the BSE SME Platform on July 27
Asarfi Hospital IPO dates
The allotment of shares for Utkarsh Small Finance Bank Ltd IPO is scheduled to take place on Wednesday, July 19. Investors who have subscribed to the issue can check the allotment status through BSE website, or by entering their PAN or IPO allocation number on the website of the registrar. Kfin Technologies Ltd is the registrar to the offer. The registrar's website also publishes the 'basis of allotment document'
Utkarsh SFB share
allotment status
Aside from IPO open and share allotment, four listings will be taking place in the SME segment this week, while there will be no listing in the mainboard segment. Digital technology services company AccelerateBS India will be the first to debut this week on the BSE SME, on July 19. Its Rs 5.69-crore public issue saw a strong response from investors, and AccelerateBS shares were commanding a GMP of 10-12% in the grey market
Stock listings this week:
AccelerateBS India
Polymer-based profiles maker Kaka Industries will make its debut on the BSE SME platform on July 20 after fundraising of Rs 20.2 crore. The public issue witnessed robust demand from investors and was subscribed over 290 times during July 10-12, indicating the possibility of a bumper listing. In the grey market, Kaka Industries shares traded at an 86% premium over the expected issue price of Rs 58 per share
Kaka Industries stock listing
Drone Destination and Ahasolar Technologies will also be listed this week on July 21, on the NSE SME Emerge and BSE SME platforms respectively. Drone Destination IPO was subscribed more than 190 times, while Ahasolar Technologies IPO was booked nearly 35 times. Drone Destination shares were available at more than 75% GMP over expected issue price of Rs 65 and Ahasolar Technologies was trading at 19% GMP over offer price of Rs 157 per share
Drone Destination, Ahasolar
Technologies listing
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