The new year is witnessing a surge of Initial Public Offerings (IPOs) week after week, offering investors exciting opportunities in the stock market. Last week, seven IPOs made their debut, and the upcoming week promises an influx of three new IPOs, including one from the mainboard and two from the SME segment. Additionally, eight companies are set to list on the exchanges next week, indicating a bustling week on Dalal Street. This year alone, the Securities and Exchange Board of India (SEBI) has approved 28 companies to raise ₹46,000 crores through IPOs, while approximately 80 others await approval with a target of ₹1.32 lakh crores. Let’s explore which companies are preparing to launch their IPOs next week.
Lakshmi Dental IPO
The Mumbai-based dental products firm, Lakshmi Dental, will open its IPO for subscription on Monday, January 10. The company aims to raise ₹698 crores through a combination of fresh shares and an Offer for Sale (OFS). The stock is expected to be listed on both the NSE and BSE on January 20. The IPO will consist of fresh shares valued at ₹138 crores, alongside the sale of 1.3 crore shares in the OFS segment, which is estimated to be worth ₹560.06 crores.
Key Details About Lakshmi Dental IPO
| Category | Details |
|---|---|
| IPO Open Date | January 10 |
| IPO Close Date | January 12 |
| Listing Date | January 20 |
| Price Band | ₹407 to ₹428 per share |
| Total Fundraising | ₹698 crores |
Promoters Sameer Kamlesh Merchant and Rajesh Vrajlal Khakhar, along with investor OrbiMed Asia II Mauritius, will sell their stake through the OFS. Proceeds from this IPO are intended for debt repayment, purchase of new machinery, investment in the subsidiary Bizdent Devices Private Limited, and other general corporate purposes. Motilal Oswal Investment Advisors, Nuvama Wealth Management, and SBI Capital Markets will act as the book-running lead managers for this issue, while Link in Time India will serve as the registrar.
Upcoming SME IPOs
In the SME segment, two more IPOs are about to open for subscription. The IPO of Kabra Jewels is priced at ₹128 and will commence on January 15. Meanwhile, EMA Partners’ public issue will be available for bidding from January 17. These offerings represent promising opportunities for investors looking to diversify their portfolios in the dynamic SME marketplace.
Conclusion
As we look forward to a vibrant week in the stock market, these IPOs and listings are set to entice investors with their potential for returns. Keep an eye on the launch dates, pricing, and market reception of these companies as you navigate your investment strategies in the new year.