IPO Rush: Three Public Issues And Six Listings Scheduled This Week
Anthem Biosciences, a Bengaluru-based biopharma company, is set to open its Rs 3,395-crore IPO from July 14 to July 16.
The Indian primary market is buzzing with fresh activity as a new wave of initial public offerings sweeps across both the mainboard and SME segments. With companies from biotechnology, coworking, nonwoven textiles, and alcoholic beverage distribution sectors stepping forward, investors are spoilt for choice this week.
Two prominent mainboard IPOs are in focus. Anthem Biosciences, a Bengaluru-based biopharma company, is set to open its Rs 3,395 crore IPO from July 14 to July 16. The issue, priced between Rs 540 and Rs 570 per share, is a pure offer-for-sale involving the sale of 59.6 million equity shares by existing shareholders. As no fresh capital is being raised, the proceeds will go directly to the selling investors.
Meanwhile, Smartworks Coworking Spaces, offering flexible workspace solutions across India, has its IPO already underway. Open from July 10 to July 14, the issue is priced in the Rs 387–407 range and aims to raise Rs 582.56 crore. Allotment is expected on July 15, with the company scheduled to list on July 17.
The SME segment is also witnessing significant action. Spunweb Nonwoven, engaged in nonwoven fabric manufacturing, will open its IPO from July 14 to July 16, targeting Rs 60.98 crore. Monika Alcobev, a liquor distribution company, plans to raise Rs 153.6 crore via its issue from July 16 to July 18.
Adding to the buzz, two mainboard companies are preparing for stock market debuts this week. Travel Food Services, a key player in food and beverage services at airports, will list on Monday, July 11. Smartworks Coworking Spaces, post allotment, will debut on Thursday, July 17.
The SME platform will stay equally active with four listings lined up. Chemkart India and Smarten Power Systems are slated to list on Monday, July 14. Glen Industries will make its debut on Tuesday, July 15, followed by Asston Pharmaceuticals on Wednesday, July 16.
With companies from diverse industries tapping into public capital, the primary market continues to offer rich opportunities for both institutional and retail investors.
