Three mainboard IPOs and eight SME public issues will open for subscription this week, while seven companies are scheduled to make their stock market debut.
India’s primary market is set for another active week, with 11 initial public offerings (IPOs) opening for subscription, including three mainboard offerings and eight SME issues. Investors will also witness seven stock market listings over the coming days.
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Among the biggest offerings are Manipal Health Enterprises, Juniper Green Energy and MV Electrosystems, all of which are expected to attract significant investor attention.
Mainboard IPOs opening this week
Manipal Health Enterprises IPO
Healthcare provider Manipal Health Enterprises plans to raise ₹9,275.22 crore through its public issue.
The IPO comprises:
- Fresh issue: ₹8,000 crore
- Offer for Sale (OFS): ₹1,275.22 crore
The company plans to use the proceeds to:
- Repay borrowings of subsidiary Manipal Hospitals Private Limited
- Acquire the minority stake in Sahyadri Hospitals
- Meet general corporate requirements
IPO Details
- Price Band: ₹560–₹590 per share
- Lot Size: 25 shares
Manipal Health operates a nationwide network of multi-speciality hospitals offering services ranging from outpatient care to advanced tertiary and quaternary treatments.
MV Electrosystems IPO
MV Electrosystems, a manufacturer of overhead electrification (OHE) equipment for the railway sector, will open its IPO on July 30.
The company aims to raise ₹290 crore through a fresh issue of equity shares. There is no Offer for Sale (OFS) in the issue.
The proceeds will be used for:
- Working capital requirements
- Research and development of power electronic equipment
- General corporate purposes
IPO Details
- Issue Size: ₹290 crore
- Price Band: ₹400–₹425 per share
- Lot Size: 34 shares
- Subscription Period: July 30 – August 3
Juniper Green Energy IPO
Renewable energy company Juniper Green Energy is launching a ₹1,800 crore IPO comprising entirely a fresh issue of shares.
The company intends to utilize the proceeds for:
- Repayment of borrowings
- Funding debt obligations of subsidiaries
- General corporate purposes
IPO Details
- Issue Size: ₹1,800 crore
- Price Band: ₹214–₹225 per share
- Lot Size: 66 shares
- Subscription Period: July 30 – August 3
Juniper Green develops, builds and operates utility-scale renewable energy projects, generating revenue through long-term electricity supply agreements with government-backed and other power purchasers.
SME IPOs opening this week
Apart from the mainboard offerings, eight SME IPOs are scheduled to open:
- Propshop Events & Exhibitions
- Advance Technoforge
- Poojaa Precision Engineering
- HR Hygiene Products
- Dhaval Packaging
- Oneindig Technologies
- GV Electricals
- Fusion Klassroom Edutech
These offerings span sectors including engineering, manufacturing, education technology, packaging and electrical equipment.
IPO listings scheduled this week
Seven companies are expected to debut on the stock exchanges this week:
- Indo-MIM
- Xtranet Technologies
- Lohia Corp
- Gulf Lloyds
- Metalic Technoforge
- Shree Balaji Mala
- Silverstorm Parks & Resorts
Investors will closely watch these listings to gauge market sentiment and demand for recent public issues.
Busy week for primary markets
With three sizeable mainboard IPOs, multiple SME offerings and several scheduled listings, the week is expected to remain active for investors tracking India’s primary market.
Market participants are likely to focus on subscription trends, valuation, institutional participation and listing performance as fresh public issues continue to hit the market.
FAQ
Which are the major IPOs opening this week?
The key mainboard IPOs are Manipal Health Enterprises, Juniper Green Energy, and MV Electrosystems.
How much is Manipal Health Enterprises raising?
The company plans to raise ₹9,275.22 crore, comprising an ₹8,000 crore fresh issue and an Offer for Sale worth ₹1,275.22 crore.
How many SME IPOs are opening this week?
A total of eight SME IPOs are scheduled to open for subscription.
Which companies are scheduled to list this week?
The companies expected to list include Indo-MIM, Xtranet Technologies, Lohia Corp, Gulf Lloyds, Metalic Technoforge, Shree Balaji Mala, and Silverstorm Parks & Resorts.
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