Upcoming IPOs: Vikran Engineering, Anlon Healthcare, And Eight SME Issues Opening Next Week

The upcoming week is expected to be filled with primary market activity. As many as two mainboards and eight SME issues are expected to open for subscription between August 25 and August 29. Here’s a look at some of the public issues that are likely to open for subscription in the upcoming week:

Anlon Healthcare IPO

The initial public offer (IPO) of Anlon Healthcare will open for subscription on August 26 and close on August 29. Anlon Healthcare IPO is worth Rs 121.03 crore and consists of a fresh issuance of 13.3 million shares.

Anlon Healthcare IPO’s issue price has been fixed at Rs 86 to Rs 91 per share. Retail investors can bid for a minimum lot size of 164 shares, which aggregates to an investment of Rs 14,924.

The share allotment status of the Anlon Healthcare IPO will be finalised on September 1. Shares of Anlon Healthcare IPO will be listed on the NSE and BSE. The tentative IPO listing date is September 3.

Anlon Healthcare Ltd was incorporated in 2013. The company is a maker of chemicals for the pharmaceutical industry. The company supplies pharma intermediates and active pharmaceutical ingredients (APIs).

Vikran Engineering IPO

Vikran Engineering IPO subscription window will remain open from August 26 to August 29.

Vikran Engineering plans to raise Rs 772 crore via its public issue. Vikran Engineering IPO consists of a fresh issuance of 74.3 million shares aimed at raising Rs 721 crore, along with an offer for sale of 5.3 million shares amounting to Rs 51 crore.

Vikran Engineering IPO price band was fixed at Rs 92 to Rs 97 per share. Retail investors can apply for the public issue by placing bids for a minimum lot size of 148 shares, which aggregates to an investment of Rs 14,356.

The share allotment status of Vikran Engineering’s public issue is likely to be finalised on September 1. Shares of the Engineering, Procurement, and Construction (EPC) will list on the BSE and NSE. The tentative listing date is September 3.

Vikran Engineering Ltd was incorporated in 2008. Vikran Engineering provides EPC services to its clients. The company undertakes projects such as underground water distribution and surface water extraction.

Eight SME Issues To Open Next Week

The initial public offering of eight SME companies is set to open for subscription in the week starting August 25:

NIS Management IPO

The NIS Management IPO (NIS Management IPO) subscription window will remain open from August 25 to August 28. NIS Management plans to raise Rs 60.01 crore via its public issue. NIS Management IPO consists of a fresh issuance of 4.7 million shares amounting to Rs 51.75 crore and an offer for sale of 7 lakh shares amounting to Rs 8.26 crore. NIS Management IPO price band was fixed at Rs 105 to Rs 111 per share. Shares of the Kolkata-based company will be listed on the BSE SME platform. The tentative listing date has been fixed as September 2.

Sugs Lloyd IPO

Sugs Lloyd IPO bidding window will remain open from August 29 to September 2. Sugs Lloyd IPO is worth Rs 85.66 crore. The engineering and construction company’s public issue comprises a fresh issue of 7 million shares. Sugs Lloyd IPO price band has been fixed at Rs 117 to Rs 123 per share. Shares of Sugs Lloyd Ltd will list on the BSE SME platform. The tentative listing date is September 5.

Snehaa Organics IPO

Snehaa Organics IPO’s bidding window will remain open from August 29 to September 2. Snehaa Organics Ltd aims to raise Rs 32.68 crore via its public issue. The SME issue consists of a completely fresh issue of 2.7 million shares. Snehaa Organics IPO price band has been fixed at Rs 115 to Rs 122 per share. Shares of Snehaa Organics will be listed on the NSE SME platform with the tentative listing date set as September 5.

Abril Paper Tech IPO

Abril Paper Tech IPO (Abril Paper Tech IPO) bidding window will remain open from August 29 to September 2. Abril Paper Tech IPO is worth Rs 13.42 crore and consists of a fresh issuance of 2.2 million shares. Abril Paper Tech IPO’s issue price was fixed at Rs 61 per share. Shares of Abril Paper Tech will be listed on the BSE SME platform. The tentative listing date has been fixed as September 5.

Oval Projects Engineering IPO

The subscription window for Oval Projects Engineering IPO will open on August 28. The subscription window is scheduled to close on September 1.

Oval Projects Engineering plans to raise Rs 46.74 crore via its public issue. Oval Projects Engineering IPO consists of a fresh issue of 5.5 million shares.

Oval Projects Engineering IPO price band was set at Rs 80 to Rs 85 per share. Shares of Oval Projects Engineering will be listed on the BSE SME platform. The tentative listing date has been fixed as September 4.

Current Infraprojects IPO

Current Infraprojects IPO (Current Infraprojects IPO) subscription window will remain open from August 26 to August 29. Current Infraprojects aims to raise Rs 41.8 crore via its public issue through a fresh issue of 5.2 million shares.

Current Infraprojects IPO price band was fixed at Rs 76 to Rs 78 per share. Current Infraprojects shares will be listed on the NSE SME platform. The tentative listing date has been fixed as September 3.

Sattva Engineering Construction IPO

Sattva Engineering Construction IPO subscription window will remain open from August 26 to August 29. Sattva Engineering Construction plans to raise Rs 35.38 crore via its public issue. Sattva Engineering Construction IPO consists of a fresh issuance of 4.7 million shares.

Sattva Engineering Construction IPO price band was fixed at Rs 70 to Rs 75 per share. Shares of Sattva Engineering Construction will be listed on the NSE SME platform. The tentative listing date for Sattva Engineering Construction shares is September 3.

Globtier Infotech IPO

Globtier Infotech IPO subscription window will remain open from August 25 to August 28. Globtier Infotech plans to raise Rs 31.05 crore via its public issue. Globtier Infotech IPO consists of a fresh issuance of 3.8 million shares aggregating to Rs 27.44 crore and an offer for sale of 5 lakh shares amounting to Rs 3.61 crore.

Globtier Infotech IPO price band was fixed at Rs 72 per share. Shares of Globtier Infotech will be listed on the BSE SME platform. The tentative listing date for Globtier Infotech’s issue is September 2.