Apart from the new issue openings, the Street will see as many as 9 listings, of which three will be from Mobikwik, Vishal Mega Mart and Sai Life Sciences.
Here’s what to look forward to on the IPO front next week
Mamata Machinery IPO
Gujarat-based Mamata Machinery has fixed a price band of Rs 230-243 for its Rs 179 crore IPO, which opens for public subscription on December 19. The issue will be available for bidding till December 23.
The IPO is a pure offer for sale (OFS) comprising up to 73.82 lakh shares by promoters and existing shareholders and at the upper level of the price band, the total value of the IPO stands at Rs 179.39 crore.
Since the issue is completely an offer for sale, the company does not intend to use any of the proceeds from the IPO and the entire amount raised will go to the selling shareholders.Mamata Machinery specializes in the manufacturing and export of cutting-edge plastic bag and pouch-making machines, packaging machinery, and extrusion equipment. With a focus on delivering end-to-end manufacturing solutions for the packaging industry, the company’s versatile machines cater to diverse packaging needs across sectors.
Transrail Lighting IPO
Transrail Lighting is gearing up to launch its public offering on December 19, featuring a fresh equity sale worth Rs 400 crore. Apart from the fresh issue, the IPO comprised an offer for sale of 1.01 crore equity shares by promoter Ajanma Holdings.
The initial share sale will open for public subscription from December 19-23. The bidding for anchor investors will open for a day on December 18.
Proceeds from the fresh issue will be used to fund incremental working capital requirements, support capital expenditure and for general corporate purposes.
Transrail Lighting is one of the leading Indian engineering, procurement and construction (EPC) companies with a primary focus on power transmission and distribution business and integrated manufacturing facilities for lattice structures, conductors and monopoles. It has a footprint in more than 58 countries.
SME segment
In the SME segment, two IPOs of NACDAC Infrastructure and Idential Brains Studios will open for subscription on December 17 and December 18, respectively.
NACDAC has priced its IPO in the range of Rs 33-35 per share, where investors can bid for 4,000 shares in one lot. Meanwhile, Identical brains has fixed a price band of Rs 51-54 apiece.
