Summary of this article
Shares of Sudeep Pharma Ltd and Excelsoft Technologies Ltd will list on the exchanges in the upcoming week.
Public issues of SSMD Agrotech India Ltd, Mother Nutri Foods Ltd and KK Silk Mills Ltd will open for subscription this week
Upcoming IPOs This Week: After a busy week, the primary market is set to take a breather. No mainboard IPOs are scheduled to open for subscription in the upcoming week. However, the listing of the shares of two mainboard companies and the opening of the subscription window of three SME issues are set to keep investors busy.
Shares of Sudeep Pharma Ltd and Excelsoft Technologies Ltd will list on the exchanges, and on the other hand, the subscription window of SSMD Agrotech India Ltd, Mother Nutri Foods Ltd and KK Silk Mills Ltd will open in the upcoming week.
Excelsoft Technologies IPO
Excelsoft Technologies IPO subscription window was open from November 19 to November 21. The basis of allotment of Excelsoft Technologies IPO will be decided on November 24. Excelsoft Technologies shares will be listed on the NSE and BSE on November 26. Excelsoft Technologies' IPO was booked 43.19 times across categories. Excelsoft Technologies was booked 15.62 times in the retail category, 101.69 times in the non-institutional investor category and 47.55 times in the qualified institutional bidder category.
Excelsoft Technologies Ltd seeks to raise Rs 500 crore through a completely fresh issue of 15 million shares, aggregating to Rs 180 crore, and an offer for sale of 26.7 million shares, aggregating to Rs 320 crore. Excelsoft Technologies' IPO price band was fixed at Rs 114 to Rs 120 per share.
Excelsoft Technologies Ltd is a SaaS company which offers software solutions for the learning and assessment market.
Sudeep Pharma IPO
The bidding window for Sudeep Pharma Ltd opened on November 21. The bidding window is scheduled to close on November 25. The share allotment status of Sudeep Pharma IPO will be finalised on November 26. Shares of Sudeep Pharma are scheduled to list on the NSE and BSE on November 28.
Sudeep Pharma IPO saw decent demand on the first day of subscription. The pharma company’s issue was booked 1.42 times cumulatively. Retail investors, non-institutional investors and qualified institutional buyers booked the issue 1.5 times, 3 times and 9 per cent respectively across categories.
Sudeep Pharma Ltd seeks to raise Rs 895 crore through a completely fresh issue of 16 million shares aggregating to Rs 95 crore and an offer for sale of 13.5 million shares aggregating to Rs 800 crore. Sudeep Pharma IPO’s price band was fixed at Rs 563 to Rs 593 per share.
Sudeep Pharma Ltd is a pharmaceutical company which manufactures food-grade minerals and speciality nutrition ingredients along with excipients.
SSMD Agrotech India IPO
SSMD Agrotech India IPO’s (SSMD Agrotech India Ltd) subscription window will remain open from November 25 to November 27. SSMD Agrotech India plans to raise Rs 34.09 crore through a fresh issuance of 2.8 million shares. The price band for the public issue has been fixed at Rs 114 to Rs 121 per share.
Shares of SSMD Agrotech India Ltd will list on the BSE SME platform. SSMD Agrotech India's IPO share allotment status will be decided on November 28. The tentative listing date for SSMD Agrotech India’s shares is December 2. SSMD Agrotech India Ltd is engaged in the manufacturing, trading, and repacking of high-quality agro-food products.
Mother Nutri Foods IPO
Mother Nutri Foods IPO (Mother Nutri Foods Ltd) subscription window will remain open from November 26 to November 28. Mother Nutri Foods plans to raise Rs 39.59 crore through a fresh issuance of 2.7 million shares amounting to Rs 31.67 crore and an offer for sale of 7 lakh shares aggregating to Rs 7.92 crore.
The price band for the public issue has been fixed at Rs 111 to Rs 117 per share. Shares of Mother Nutri Foods Ltd will list on the BSE SME platform. Mother Nutri Foods' IPO share allotment status will be decided on December 1. The tentative listing date for Mother Nutri Foods’ shares is December 3. Mother Nutri Foods Ltd is a manufacturer of peanut butter for other fast-moving consumer goods (FMCG) companies.
KK Silk Mills IPO
KK Silk Mills IPO (KK Silk Mills Ltd) subscription window will remain open from November 26 to November 28. KK Silk Mills plans to raise Rs 28.5 crore through a fresh issuance of 7.5 million shares. The price band for the public issue has been fixed at Rs 36 to Rs 38 per share. Shares of KK Silk Mills Ltd will list on the BSE SME platform.
KK Silk Mills' IPO share allotment status will be decided on December 1. The tentative listing date for KK Silk Mills’ shares is December 3. KK Silk Mills Ltd is engaged in the manufacturing of both fabrics and apparel.
