Upcoming IPOs: Ganesh Infraworld, Suraksha Diagnostic, Property Share REIT, Nisus Fin and More
Sandip Raj Gupta
28/Nov/2024
What's covered under the Article:
- Overview and subscription details of Ganesh Infraworld, Suraksha Diagnostic, Property Share REIT, and other IPOs.
- Important dates, price bands, lot sizes, and minimum investment for each IPO.
- Detailed information on the book running lead managers, market makers, and expected listing dates.
India’s IPO market is set for an exciting month with multiple companies planning to raise funds through their initial public offerings (IPOs). Among them are Ganesh Infraworld, Suraksha Diagnostic, Property Share REIT, Rosmerta Digital Services, Avanse Financial Services, and Nisus Finance Services. Here's a detailed look at each of these IPOs, their key dates, price bands, and what investors can expect.
1. Ganesh Infraworld IPO
Issue Type: Book Built Issue
Amount: ₹98.58 crores
Fresh Issue: 118.77 lakh shares
The Ganesh Infraworld IPO opens for subscription on November 29, 2024 and closes on December 3, 2024. The IPO is entirely a fresh issue and is expected to list on the NSE SME platform with a tentative listing date of December 6, 2024. The price band for the IPO is set at ₹78 to ₹83 per share.
Lot Size and Investment:
- Retail Investors: Minimum of 1600 shares, requiring an investment of ₹132,800.
- HNI Investors: 2 lots (3200 shares) amounting to ₹265,600.
Lead Manager: Vivro Financial Services Private Limited
Registrar: Link Intime India Private Ltd
Market Maker: Rikhav Securities
2. Nisus Finance Services IPO
Issue Type: Book Built Issue
Amount: ₹114.24 crores
Fresh Issue: ₹101.62 crores
Offer for Sale: ₹12.61 crores
The Nisus Finance Services IPO will open for subscription from December 4, 2024, to December 6, 2024. The price band for the IPO is set at ₹170 to ₹180 per share, and the tentative listing date is December 11, 2024, on the BSE SME.
Lot Size and Investment:
- Retail Investors: Minimum of 800 shares, requiring an investment of ₹144,000.
- HNI Investors: 2 lots (1600 shares) amounting to ₹288,000.
Lead Manager: Beeline Capital Advisors Pvt Ltd
Registrar: Skyline Financial Services Private Ltd
Market Maker: Spread X Securities
3. Suraksha Diagnostic IPO
Issue Type: Book Built Issue
Amount: ₹846.25 crores
Offer for Sale: 1.92 crore shares
The Suraksha Diagnostic IPO opens from November 29, 2024 to December 3, 2024, with the listing expected on December 6, 2024. The price band is ₹420 to ₹441 per share.
Lot Size and Investment:
- Retail Investors: Minimum of 34 shares, requiring an investment of ₹14,994.
- NII Investors: 14 lots (476 shares), amounting to ₹209,916.
- BNII Investors: 67 lots (2,278 shares), amounting to ₹1,004,598.
Lead Managers: ICICI Securities Limited, Nuvama Wealth Management Limited, SBI Capital Markets Limited
Registrar: Kfin Technologies Limited
4. Property Share REIT IPO
Issue Type: Book Built Issue
Amount: ₹352.91 crores
Fresh Issue: Not Applicable
The Property Share REIT IPO will be open for subscription from December 2, 2024 to December 4, 2024. The price band for the IPO is set at ₹1,000,000 to ₹1,050,000 per share, with a tentative listing date on December 9, 2024.
Lot Size and Investment:
- Retail Investors: Minimum of 1 share, requiring an investment of ₹1,050,000.
Lead Manager: ICICI Securities Limited
Registrar: Kfin Technologies Limited
5. Rosmerta Digital Services IPO
Issue Type: Book Built Issue
Amount: ₹206.33 crores
Fresh Issue: 140.36 lakh shares
The Rosmerta Digital Services IPO is expected to launch soon, with the price band set between ₹140 to ₹147 per share. Investors can apply in lots of 1000 shares, with a minimum investment amount of ₹147,000. The tentative listing date is still to be announced.
Lead Managers: Narnolia Financial Services Ltd, Beeline Capital Advisors Pvt Ltd
Registrar: Link Intime India Private Ltd
Market Maker: Spread X Securities
6. Avanse Financial Services IPO
Issue Type: Book Built Issue
Amount: ₹3,500 crores
Fresh Issue: ₹1,000 crores
Offer for Sale: ₹2,500 crores
The Avanse Financial Services IPO is yet to announce its subscription dates and price band. Investors are expected to get further details shortly.
Lead Managers: Kotak Mahindra Capital Company Limited, Avendus Capital Pvt Ltd, J.P. Morgan India Private Limited, Nomura Financial Advisory And Securities (India) Pvt Ltd, Nuvama Wealth Management Limited, SBI Capital Markets Limited
Registrar: Link Intime India Private Ltd
The Current active IPO is Agarwal Toughened, Apex Ecotech, Abha Power and Steel and Rajputana Biodiesel.
The Closed IPOs are Rajesh Power Services, C2C Advanced System, Enviro Infra Engineers, Lomosaic India, NTPC Green Energy.
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