Summary of this article
Five mainboard IPOs open for subscription this busy week.
Fusion CX and HD Fire Protect announce price bands.
Tonbo, Zetwerk, and Sahajanand Medical IPOs open October 15.
This week is expected to remain busy for primary market investors, as five mainboard initial public offerings (IPOs) are set to open for subscription. Here is a look at all the primary market action slated to take place this week:
HD Fire Protect IPO
HD Fire Protect’s IPO will open for subscription on October 13 and close on October 15. The finalisation of share allotment is expected to take place on October 16, with the shares credited into the demat accounts of successful bidders on October 19. The bid amount will be refunded to unsuccessful applicants on the same day. The company is expected to list its shares on both the BSE and the NSE on October 21.
The price band for this offering is set in the range of Rs 258-271 per share. Retail investors can apply for a minimum lot size of 55 shares, which amounts to an investment of Rs 14,905. The IPO is entirely an offer for sale (OFS) of 26.30 million shares aggregating up to Rs 712.31 crore.
HD Fire Protect is an Indian manufacturer and supplier of fire protection equipment and systems, offering water, foam, and gas-based fire suppression solutions.
Fusion CX IPO
The public issue of Fusion CX is set to open for subscription on October 14 and close on October 16. The finalisation of share allotment is expected to take place on October 19, with refunds to unsuccessful bidders and allotment to successful bidders scheduled for October 21. The shares are expected to list on both the NSE and the BSE on October 22.
The price band for this offering is established between Rs 275 and Rs 289 per share. Retail investors can apply for a minimum lot size of 51 shares, which amounts to Rs 14,739.
The IPO is a combination of a fresh issue of 17.30 million shares aggregating to Rs 500 crore and an OFS of 6.98 million shares aggregating to Rs 202 crore, taking the total issue size to Rs 702 crore.
Fusion CX is a customer experience and business process solutions provider offering multichannel customer support and AI data infrastructure services.
Tonbo Imaging India IPO
Tonbo Imaging India is set to open its public issue for subscription on October 15. It will close on October 19. The finalisation of share allotment is expected to take place on October 2 while refunds and demat credits will happen on October 22.
The company is expected to list its shares on the exchanges on October 23. The price band and minimum lot size for this offering are yet to be announced. The Tonbo Imaging India IPO is entirely an OFS of 12.10 million shares.
Tonbo Imaging India is a defence electronics original equipment manufacturer (OEM) engaged in the design, development, and manufacturing of advanced electro-optic, infrared, embedded vision, and surveillance systems for defence applications.
Zetwerk Manufacturing Business IPO
Zetwerk Manufacturing Business is set to open its public issue for subscription on October 15. The public issue will close on October 19. The finalisation of share allotment is expected to take place on October 21. Refunds and demat credits will happen on October 22.
The company is expected to list its shares on the exchanges on October 23. The price band and minimum lot size for this offering are yet to be announced. The Zetwerk IPO comprises a fresh issue of Rs 2,830 crore and an OFS of 144.50 million shares.
Zetwerk is a manufacturing platform that operates as a managed marketplace connecting industrial and consumer enterprises with a global network of manufacturing partners.
Sahajanand Medical Technologies IPO
Sahajanand Medical Technologies’ public issue will open for subscription on October 15 and close on October 19. The finalisation of share allotment is expected to take place on October 21, while refunds and demat credits will happen on October 22.
The medical device maker is expected to list its shares on the exchanges on October 23. The price band and minimum lot size for this offering are yet to be announced. The IPO is entirely an OFS of 27.60 million shares.
Sahajanand Medical Technologies focuses on manufacturing medical devices, primarily in the fields of vascular and structural heart intervention, including coronary stents and balloons.
