Summary of this article
KSH International's mainboard IPO, aiming to raise up to Rs 710 crore, opens for bidding from December 16 to December 18.
ICICI Prudential AMC's bidding closes December 16, with shares listing on December 19, following tepid 72 per cent subscription on day one.
Five mainboard companies, including Wakefit and Corona Remedies, plus multiple SME issues are scheduled to list next week, keeping the primary market active.
Upcoming IPOs This Week: The coming week is likely to be a slow one for primary market investors with only one mainboard issue opening for subscription. However, the listing of shares of five companies is expected to keep primary market investors engaged.
Additionally, three public issues are scheduled to open for subscription on the small and medium enterprises (SME) board. Here’s a detailed look at the primary market action, which is scheduled for the coming week.
KSH International IPO
KSH International’s initial public offering (IPO) is scheduled to open for subscription on December 16 and close on December 18. The basis of allotment of the IPO will be decided on December 19, and the shares will list on the NSE and BSE on December 23.
KSH International seeks to raise Rs 710 crore through a fresh issue of 10.90 million shares aggregating to Rs 420 crore and an offer for sale (OFS) of 7.60 million shares aggregating to Rs 290 crore. The price band has been fixed at Rs 365-384 per share.
KSH International is a manufacturer of magnet winding wires in India. The company sells its products under the ‘KSH’ brand to companies across power, renewables, railways and automotive industries.
ICICI Prudential Asset Management Company IPO
The bidding window for ICICI Prudential Asset Management Company’s (AMC) public issue opened on December 12 and will close on December 16. The share allotment status will be finalised on December 17.
ICICI Prudential AMC IPO saw tepid demand on the first day of subscription. The AMC’s issue was booked 72 per cent cumulatively. Retail investors, non-institutional investors (NIIs) and qualified institutional buyers (QIBs) booked the issue 21 per cent, 37 per cent and 1.97 times, respectively across categories. Shareholders of the AMC booked their quota 44 per cent on the first day of subscription.
ICICI Prudential AMC seeks to raise Rs 10,602.65 crore through a complete offer for sale of 49 million shares. The price band has been fixed at Rs 2,061-2,165 per share.
ICICI Prudential AMC is an asset management company with an active quarterly average asset under management (QAAUM) of Rs 10,147.60 billion. The services offered by the AMCs include portfolio management services (PMS), alternative investment fund (AIF), and advisory services to offshore clients.
Stocks Set To List
Shares of Wakefit Innovations and Corona Remedies are scheduled to list on the NSE and BSE on December 15, while shares of Nephrocare Health Services and Park Medi World are scheduled to list on the exchanges on December 17. ICICI Prudential AMC’s shares will list on the NSE and BSE on December 19.
On the SME front, shares of KV Toys India, Prodocs Solutions and Riddhi Display Equipments will list on the BSE SME platform on December 15. On December 17, shares of Unisem Agritech and Shipwaves Online will list on the BSE SME platform. On December 18, shares of Pajson Agro India, HRS Aluglaze will debut on the BSE SME platform. On the last day of the trading week, Stanbik Agro shares will debut on the BSE SME platform, while shares of Exim Routes and Ashwini Container Movers will debut on the NSE SME platform.
Three SME Issues Set To Open For Subscription
On December 15, the public issue of Neptune Logitek will open for subscription. On the other hand, the public issues of Global Ocean Logistics India and MARC Technocrats will open for subscription on December 17.
