Next week, investors will have the opportunity to subscribe to seven initial public offerings (IPOs) across various sectors. The IPOs include EAAA India Alternatives, BLS Polymers, SFC Environmental Technologies, MK Sons Fine Jewels, Bombay Coated & Special Steels, Wiscon Industries, and Carver Roboweld. These offerings present a range of investment options from alternative asset management to manufacturing and retail.
- EAAA India Alternatives will open its ₹1,200 crore IPO from October 26 to 28.
- BLS Polymers’ ₹255 crore IPO will be available from October 27 to 29.
- SFC Environmental Technologies plans a ₹668 crore IPO from October 27 to 29.
- MK Sons Fine Jewels will launch its ₹330.48 crore IPO from October 28 to 30.
- Bombay Coated & Special Steels’ ₹183.1 crore IPO will open from October 29 to November 2.
- Wiscon Industries and Carver Roboweld will open SME IPOs next week.
What is the EAAA India Alternatives IPO about?
EAAA India Alternatives is an alternative investment management platform focusing on India’s real assets and private credit markets. Its IPO is an offer for sale (OFS) of 72.07 lakh shares by promoter Edelweiss Securities and Investments Pvt Ltd. The price band is set between ₹1,585 and ₹1,665 per equity share. The company expects that listing will enhance its visibility, brand image, and provide liquidity for its shares in India. Investors can apply in lots of nine shares or multiples thereof.
What are the details of the BLS Polymers IPO?
BLS Polymers is issuing a ₹255 crore fresh issue of 1.70 crore shares. The IPO runs from October 27 to 29 with a price band of ₹142 to ₹150 per share. Retail investors can apply for a minimum of 100 shares and in multiples thereafter. The funds will support capital expenditure to expand the manufacturing unit in Goa, working capital needs, and general corporate purposes. BLS Polymers produces specialized polymer compounds used in cables, wires, and underground pipelines, serving industries such as power, telecommunications, water, railways, and oil and gas.
What should investors know about SFC Environmental Technologies’ IPO?
SFC Environmental Technologies, a wastewater treatment solution provider, is launching a ₹668 crore IPO from October 27 to 29. The price band is ₹313 to ₹330 per share. This issue includes a fresh share issue worth ₹150 crore and an OFS of up to 1.57 crore shares by promoters and existing shareholders. The funds raised will be used for debt clearance and working capital. Anchor investor bidding will occur on October 26.
What are the key points about MK Sons Fine Jewels and Bombay Coated & Special Steels IPOs?
MK Sons Fine Jewels, engaged in retail sales of gold, diamond, and CZ jewellery, will open its ₹330.48 crore IPO from October 28 to 30. The issue includes a fresh issue of 1.70 crore shares totaling ₹275.40 crore and an OFS worth ₹55.08 crore by promoter Ramchand Murlidhar Raimalani. The company plans to use the proceeds for inventory costs related to opening a new showroom in Maharashtra, expanding an existing showroom in Gujarat, debt clearance, and general corporate purposes. The lot size is 91 shares.
Bombay Coated & Special Steels will launch a ₹183.1 crore IPO from October 29 to November 2, with a price band of ₹78 to ₹82 per share. The IPO is a fresh issue of 2.23 crore equity shares. Proceeds include ₹125 crore for debt clearance and ₹15.7 crore to finance capital equipment under an existing lease with Siemens Financial Services. The rest will be used for general corporate purposes. The company, incorporated in 2019, processes steel coils into value-added products through slitting, shearing, cut-to-length processing, and embossing.
What other IPOs will open next week?
Besides the mainboard IPOs, two SME IPOs will open: Wiscon Industries and Carver Roboweld. Details about their issue sizes and dates were not specified.
