Ather Energy IPO And 4 Other Public Issues To Open For Subscription This Week - Check Details

Upcoming IPOs: The IPO frenzy is set to return to D-street in the week starting April 28. As many as five public issues will open for subscription in the truncated trading week. Notably, the current week is scheduled to be a truncated one as D-street will remain closed on May 1 on account of Maharashtra Day.

Ahead of the beginning of the week, here’s a list of key details of the five public issues which are slated to open for bidding:

Ather Energy IPO

Ather Energy IPO’s bidding window will open on April 28 and close on April 30. Ather Energy IPO is worth Rs 2,981.06 crore and comprises a fresh issuance of 8.18 crore shares amounting to Rs 2,626.3 crore and an offer-for-sale of 1.11 crore shares amounting to Rs 354.76 crore.

The price band of Ather Energy’s public issue has been fixed at Rs 304 to Rs 321 per share. Retail investors can place bids for a minimum of 1 lot or 46 shares, which amounts to an investment of Rs 13,984.

Small Non-Institutional Investors (sNIIs) can apply for the electric two-wheeler manufacturer’s public issue by placing bids for 14 lots or 644 shares, which amounts to an investment of Rs 2,06,724. On the other hand, Big Non-Institutional Investors (bNIIs) can place bids for 68 lots or 3,128 shares, which translates to an investment of Rs 10,04,088.

Following the closure of the public issue, the basis of allotment will be finalised on May 2. On May 5, successful bidders will receive shares of Ather Energy in their demat accounts and refunds will be initiated for unsuccessful bidders. Shares of Ather Energy are expected to list on the BSE and NSE on May 6.

Ather Energy Ltd is a manufacturer of electric two-wheelers (E2W) and electric components such as battery packs and other charging infrastructure related hardware.

Iware Supplychain Services IPO

Iware Supplychain Services’ public issue will open for subscription on April 28 and close on April 30. Iware Supplychain Services plans to raise Rs 27.13 crore through a completely fresh issue of 28.56 lakh shares. The issue price for Iware Supplychain Services IPO is Rs 95 per share.

Retail investors who wish to apply for the SME issue can place bids for a minimum of 1 lot or 1200 shares which amounts to Rs 1,14,000. HNI investors can apply for a minimum of 2 lots or 2,400 shares, which amounts to Rs 2,28,000.

The share allotment status of Iware Supplychain Services IPO will be finalised on Friday, May 2. Shares of Iware Supplychain Services will be listed on the NSE SME platform on Tuesday, May 6.

iWare Supply Chain Services Ltd is a logistics company which provides a diverse range of services such as warehousing, carrying & forwarding agent operations and transportation.

Arunaya Organics IPO

Arunaya Organics IPO’s bidding window will open on April 29 and close on May 2. Arunaya Organics IPO is worth Rs 33.99 crore and consists of a fresh issuance of 52.6 lakh shares amounting to Rs 30.51 crore and an offer-for-sale of 6 lakh shares totalling Rs 3.48 crore.

Arunaya Organics IPO price band is set at Rs 55 to Rs 58 per share. The minimum lot size for an application for the retail category is 2000 shares which aggregates to an investment of Rs 1,10,000. The minimum lot size investment the HNI category is 2 lots or 4,000 shares which amounts to Rs 2,32,000.

Arunaya Organics IPO’s basis of allotment will be finalised on May 5. Shares of Arunaya Organics will list on the NSE SME platform. The tentative listing date for the SME issue is May 7. Arunaya Organics is a manufacturer and exporter of specialty dyes and intermediates. The products made by the company are used in industries such as textiles, paints and plastics.

Kenrik Industries IPO

Kenrik Industries IPO’s bidding window is slated to open for subscription on April 29. The bidding window for the SME issue will close on May 6. Kenrik Industries plans to raise Rs 8.75 crore through a fresh issue of 34.98 lakh shares. Kenrik Industries issue price has been set at Rs 25 per share.

The minimum lot size for retail individual investors has been fixed at 1 lot or 6000 shares which amounts to an investment of Rs 1,50,000. On the other hand, HNIs can apply for the issue by placing bids for 2 lots or 12,000 shares, which aggregates to an investment of Rs 3,00,000.

Kenrik Industries IPO allotment status is expected to be decided on May 7. Shares of Kenrik Industries Ltd are likely to list on the BSE SME platform on May 9.

Kenrik Industries Ltd is a designer and distributor of Indian jewellery. Kenrik Industries’ product range includes gold jewellery and jewellery with semi-precious stones such as diamonds, rubies, and cubic zirconia.

Wagons Learning IPO

The subscription window for Wagons Learning IPO will open on May 2 and close on May 6. Wagons Learning IPO is worth Rs 38.38 crore and consists of a combination of a fresh issuance of 30.80 lakh shares aggregating to Rs 25.26 crores and an offer for sale of 16.00 lakh shares amounting to Rs 13.12 crore.

Wagons Learning IPO price band has been fixed at Rs 78 to Rs 82 per share. The minimum lot size for retail investor has been fixed at 1 lot or 1600 shares which aggregates to an investment of Rs 1,24,800. HNIs can apply for the issue by placing bids for a minimum of 2 lots or 3,200 shares aggregating to Rs 2,62,400.

Wagons Learning IPO’s share allotment status will be decided on May 7. Wagons Learning’s shares will list on the BSE SME platform. The tentative listing date for the issue is May 9.

Wagons Learning provides solutions such as corporate training, digital learning and skill development.