Four initial public offerings (IPOs) are set to open for subscription next week, starting October 13. These include HD Fire Protect and Fusion CX on the mainboard, along with Ravita Engineering Services and Vaibhav Vyapaar on the SME platform. Additionally, shares of RK Fashion Accessories will debut on the stock exchange, providing investors with fresh opportunities in various industries.
- HD Fire Protect IPO opens from October 13 to 15 with a price band of ₹258 to ₹271 per share.
- Fusion CX IPO price band is ₹275 to ₹289 per share, with a lot size of 51 shares.
- Ravita Engineering Services and Vaibhav Vyapaar are launching SME IPOs next week.
- RK Fashion Accessories shares will be listed next week, marking its market debut.
What are the details of the HD Fire Protect IPO?
The HD Fire Protect IPO will be open from October 13 to October 15. The company has set a price band between ₹258 and ₹271 per share. This IPO is an offer for sale (OFS) totaling ₹712.31 crore, involving 2.63 crore shares sold by promoters Harish Narshi Dharamshi and Kusum Harish Dharamshi. Since this is solely an OFS, the company will not receive any proceeds from the sale; instead, the funds will go to the selling shareholders.
HD Fire Protect specializes in manufacturing and supplying fire protection equipment and systems. Their products include water, foam, and gas-based fire suppression systems. The company expects that listing on the stock exchange will enhance its visibility, brand image, and provide liquidity for its equity shares in India.
The IPO is managed by Anand Rathi Advisors, IIFL Capital Services, and Ambit as book-running lead managers, with MUFG Intime India serving as the registrar.
How will HD Fire Protect use the funds raised?
Although the IPO is an offer for sale and the company itself will not receive proceeds, HD Fire Protect has outlined plans for utilizing funds raised from other sources. These include repaying certain outstanding borrowings, investing in step-down subsidiaries to upgrade IT tools, pursuing inorganic growth through acquisitions, and covering general corporate purposes.
What are the details of the Fusion CX IPO?
Fusion CX Ltd is launching its IPO with a price band set between ₹275 and ₹289 per share. Each lot consists of 51 shares. Fusion CX is a customer experience and business process solutions provider, offering multichannel customer support through voice, email, social media, chat, and messaging platforms.
What other IPOs are opening next week?
Alongside HD Fire Protect and Fusion CX, two SME IPOs will open for subscription: Ravita Engineering Services and Vaibhav Vyapaar. These smaller companies are entering the market to raise capital and expand their businesses.
What is happening with RK Fashion Accessories?
RK Fashion Accessories, a manufacturer and distributor of imitation jewellery and branded cosmetics, will have its shares listed on the stock exchange next week. This marks the company's market debut and offers investors a chance to invest in the fashion accessories sector.
