Summary of this article
Upcoming IPOs This Week: Mainboard issues such as Glottis IPO, Fabtech Technologies IPO, Om Freight Forwarders IPO and Advance Agrolife IPO will open this week
Upcoming IPOs This Week: The month of September has been a busy one for the primary market investors. Notably, the activity in the primary market has continued despite declines in the secondary market. In the last six sessions, the Nifty and the Sensex have finished in the red, indicating weakness in the secondary market.
In the coming week, activity on the primary market is expected to sustain despite it being a truncated trading week. D-Street will remain closed on October 2 on account of Gandhi Jayanti and Dussehra. Here’s a look at key details of the initial public offerings scheduled to open for subscription this week:
Upcoming Mainboard IPOs This Week
In the coming week, four mainboard public issues will open for subscription. These include Glottis IPO, Fabtech Technologies IPO, Om Freight Forwarders IPO and Advance Agrolife IPO.
Glottis IPO
The initial public offering (IPO) of Glottis will open for subscription on September 29, and close on October 1. The IPO is worth Rs 307 crore and consists of an offer-for-sale (OFS) of 11.40 million shares worth Rs 147 crore and a fresh equity issue of 12.40 million worth Rs 160 crore.
Glottis IPO’s issue price has been fixed at Rs 120-129 per share. Retail investors can bid for the logistics solutions provider’s public issue by applying for a minimum of 114 shares, which aggregates to an investment of Rs 14,706. The share allotment status of Glottis IPO will be finalised on October 3. Shares of Glottis IPO will be listed on the NSE and BSE on October 7.
Glottis was incorporated in 2024. The company provides logistics solutions to its clients via ocean, air, and road transportation.
Fabtech Technologies IPO
Fabtech Technologies IPO subscription window will remain open for subscription from September 29 to October 1. Fabtech Technologies plans to raise Rs 230.35 crore via its public issue consisting of a fresh issuance of 11.21 million shares.
Fabtech Technologies IPO price band was fixed at Rs 181-191 per share. Retail investors can apply for the public issue by placing bids for a minimum lot size of 75 shares, which aggregates to an investment of Rs 14,325.
The share allotment status of Fabtech Technologies’ public issue is likely to be finalised on October 3 and will be listed on the BSE and NSE on October 7.
Fabtech Technologies is a provider of bio-pharma based solutions. The company provides its clients services, such as cleanroom facilities and modular systems.
Om Freight Forwarders IPO
Om Freight Forwarders IPO will open for subscription on September 29 and close on October 3. Om Freight Forwarders IPO is worth Rs 122.31 crore. The mainboard issue consists of a fresh issuance of 1.80 million shares worth Rs 24.44 crore and a share-sale of 7.30 million shares worth Rs 97.88 crore.
Om Freight Forwarders IPO’s issue price has been fixed at Rs 128-135 per share. Retail investors can bid for the service aggregator’s public issue by applying for at least 111 shares, which aggregates to an investment of Rs 14,985. The share allotment status of Om Freight Forwarders IPO will be finalised on October 6. Shares of Om Freight Forwarders IPO will be listed on the NSE and BSE. The tentative IPO listing date is October 8.
Om Freight Forwarders is a Mumbai based logistics company. Om Freight Forwarders offers logistics services, such as international freight forwarding, customs clearance, vessel agency, transportation and warehousing.
Advance Agrolife IPO
The bidding window for Advance Agrolife IPO will remain open from September 30 to October 3. Advance Agrolife plans to raise Rs 192.86 crore via its public issue, which consists of 19.30 million shares.
Advance Agrolife IPO price band was fixed at Rs 95-100 per share. Retail investors can apply for the public issue by placing bids for a minimum lot size of 150 shares, which aggregates to an investment of Rs 15,000.
The share allotment status of Advance Agrolife’s public issue is likely to be finalised on October 6. Shares of the agrochemical product manufacturer will list on the BSE and NSE on October 8.
Advance Agrolife manufactures agrochemical products, such as insecticides, herbicides, fungicides, and plant growth regulators and bio-fertilizers.
17 SME IPOs Opening This Week
On September 29, six public issues are scheduled to open for subscription. These include Dhillon Freight Carrier IPO, Suba Hotels IPO, Om Metallogic IPO, Vijaypd Ceutical IPO, Sodhani Capital IPO and Chiraharit IPO.
On September 30, as many as 10 public issues are scheduled to open for subscription, including Sunsky Logistics IPO, Munish Forge IPO, Infinity Infoway IPO, Sheel Biotech IPO, Zelio E-Mobility IPO, B.A.G.Convergence IPO, Valplast Technologies IPO, Greenleaf Envirotech IPO, Shipwaves Online IPO and Shlokka Dyes IPO.
