Summary of this article
Five new mainboard IPOs open for subscription this week.
Skyways Air and Hy-Tech Engineers open on August 24.
Investors can expect listings between August 24 and August 28.
The primary market is gearing up for a busy week ahead. The subscription windows for five major mainboard public issues are set to open, drawing the attention of retail and institutional investors. Apart from the new public issues, investors are also looking forward to the listing of the shares of several companies.
Investors will be closely watching all the action slated to happen in the primary market this week to look for investment opportunities. Here is a look at all the primary market action slated to take place this week:
Skyways Air Services IPO
Skyways Air Services’ public issue is set to open for subscription on August 24. The public issue will close on August 27. The finalisation of share allotment is expected to take place on August 28. Shares of Skyways Air Services will be credited into the demat accounts of successful bidders on August 31. The bid amount will be refunded to unsuccessful applicants on the same day as well.
The logistics and freight forwarding company is expected to list its shares on the Bombay Stock Exchange and the National Stock Exchange on September 1. The price band for this offering is established between Rs 131 and Rs 138 per share. Retail investors can apply by bidding for a minimum lot size of 100 shares, which amounts to Rs 13,800.
Skyways Air Services IPO is a combination of a fresh issue of 28.9 million shares aggregating to Rs 398.80 crore and an offer for sale of 13.3 million shares amounting to Rs 184 crore, aggregating up to Rs 582.80 crore. Skyways Air Services provides a comprehensive range of logistics solutions, including air and ocean freight forwarding, trucking, warehousing, and customs broking.
Hy-Tech Engineers IPO
The public issue of Hy-Tech Engineers is set to open on August 24. The bidding window for the public issue will close on August 27. The finalisation of share allotment is expected to take place on August 28. Refunds for unsuccessful bidders will be issued on August 31, and successful bidders will receive shares of the company in their demat account on the same day.
Shares of the engineering company are expected to list on the BSE and the NSE on September 1. The price band for this offering is established between Rs 50 and Rs 53 per share. Retail investors can apply by bidding for a minimum lot size of 283 shares, which amounts to Rs 14,999.
Hy-Tech Engineers IPO is a combination of a fresh issue of 11.3 million shares aggregating to Rs 60 crore and an offer for sale of 14.3 million shares amounting to Rs 75.73 crore; cumulatively, the issue size is Rs 135.73 crore. Hy-Tech Engineers is engaged in the design, manufacture, and supply of hydraulic fittings for diverse industrial applications.
Symbiotec Pharmalab IPO
Symbiotec Pharmalab is set to open its public issue for subscription on August 24. The public issue will close on August 27. The finalisation of share allotment is expected to take place on August 28. Refunds and demat credits will happen on August 31.
The pharmaceutical and biotechnology company is expected to list its shares on the exchanges on September 1. The price band for this offering is established between Rs 938 and Rs 988 per share. Retail investors can apply by bidding for a minimum lot size of 15 shares, which amounts to Rs 14,820.
Symbiotec Pharmalab IPO is a combination of a fresh issue worth Rs 150 crore and an offer for sale of shares to raise Rs 1,607 crore, totalling to Rs 1,757 crore. Symbiotec Pharmalab is engaged in the manufacturing of active pharmaceutical ingredients (APIs), nutritional ingredients, and speciality products.
Annu Projects IPO
Annu Projects IPO is set to open for subscription on August 25. The bidding window for the public issue will close on August 28. The finalisation of share allotment is expected to take place on August 31. Unsuccessful applicants will receive refunds on August 31, and shares of Annu Projects will be credited into the accounts of successful bidders on September 1.
The Engineering, Procurement and Construction (EPC) firm is set to list its shares on the BSE and NSE on September 2. The price band for this offering is established between Rs 94 and Rs 99 per share. Retail investors can apply by bidding for a minimum lot size of 151 shares, which amounts to Rs 14,949.
Annu Projects IPO is entirely a fresh issue of 17.7 million shares aggregating up to Rs 175.06 crore. Annu Projects is an engineering, procurement, and construction (EPC) company engaged in the design, development, implementation, and maintenance of essential overhead and underground utilities infrastructure across telecom, sewerage, and gas pipeline verticals.
Lumino Industries IPO
Lumino Industries IPO subscription window is scheduled to open on August 27. The public issue will close on August 31. The finalisation of share allotment is expected to take place on September 1. Shares of Lumino Industries will be credited into the demat accounts of successful applicants, and unsuccessful applicants will receive refunds on September 3.
The EPC and manufacturing company is expected to list its shares on the BSE and the NSE on September 3. The price band for this offering is established between Rs 78 and Rs 82 per share. Retail investors can apply by bidding for a minimum lot size of 182 shares, which amounts to Rs 14,924.
Lumino Industries IPO is a combination of a fresh issue worth Rs 500 crore and an offer for sale of Rs 200 crore, aggregating up to Rs 700 crore. Lumino Industries is an integrated engineering, procurement, and construction (EPC) company focusing on manufacturing and supplying conductors, power cables, electrical wires, and specialised products for the power transmission and distribution industry.
Stocks Listing This Week
Shares of Lalithaa Jewellery Mart and Horizon Industrial Parks will list on the NSE and BSE on August 24. Shares of Sunshine Pictures and Shankesh Jewellers will make their D-street debut on August 25. Shares of Gaja Alternative Asset Management are expected to make their D-street debut on August 26 and shares of Tempsens Instruments (India) will list on August 28.
