New Delhi
The Indian primary market is set to gain momentum in the week beginning September 11, with six companies aiming to raise over Rs 4,000 crore (approximately $545 million) through public offerings. Additionally, five companies are scheduled to make their stock market debuts.
RR Kabel: A wire and cable products company, RR Kabel, will kick off the IPO on September 13. The price band for the offering is set at Rs 983-1,035 per share. The company aims to raise Rs 1,964.01 crore, with a combination of fresh issuances worth Rs 180 crore and an offer-for-sale (OFS) of 1.72 crore equity shares totaling Rs 1,784.01 crore by six selling shareholders.
SAMHI Hotels: The privately-held SAMHI Hotels will initiate its IPO on September 14, with the issue closing on September 18. The offering consists of fresh shares worth Rs 1,200 crore and an offer-for-sale of 1.35 crore equity shares by three shareholders. Zaggle Prepaid Ocean Services: A fintech-SaaS company, Zaggle Prepaid Ocean Services, will open its IPO for bidding from September 14 to 18. The offering comprises Rs 392 crore in fresh issues and an OFS of 1.04 crore shares.
EMS: A sewerage solutions company, EMS, is closing its Rs 321.24-crore IPO on September 12. The IPO, with a price band of Rs 200-211 per share, received strong subscription on the first day of bidding. Jupiter Life Line Hospitals: Mumbai-based hospital chain Jupiter Life Line Hospitals is finalizing the basis of allotment for its IPO shares, with completion expected by September 13.
These IPOs cover various sectors, from wire and cable products to hospitality, fintech, sewerage solutions, and healthcare. The Indian primary market has seen strong interest from investors in recent times, and these offerings will likely continue to attract attention from both retail and institutional investors.
