IPO rush continues: 3 issues to hit market next  week aiming to raise Rs 2,200 cr

The Ipo rush, which began at the start of the second half, is unweavering regarless of investor sentiments,Three more mainboard issue are st to hit the market next week aiming to raise about  Rs 2,201 crore.


This is in addition to the three IPOs-- SAMHI Hotels, Zggle Prepaid, and Yartra online -- which are currently open for public subscription and will carry to the next week.The week will also see listing of EMS ltd and jupiter life line Hospitals. 



SAI SlLKS


The intial public offer of sai silks is the biggest of the week an offer size of  Rs 1,201 core. The issue opens on September 20 and closes on september 22.

The IPO comprises a fresh issue of equity shares up to Rs 600 crore and an offer for sale of up to 2.7 crore share by selling shareholders.

Sai Silks ranks among the top 10 retailers of ethic apparel, especially sarees, in south india in term of revenues an profit after tax in FY22.

Motilal Oswal Investment Advisors, HDFC Banks and Nuvama Wealth managment are the book running lead managers to the IPO.



Signature Global

Signature Global's Rs 730 cror public offer will hit the Street on Septemebr 20 and close on September 22. The real estate firm has reduced its total offer size to Rs 730 crore from a previously proposed Rs 1000 core amid high borrowing costs.

The IPO includes a fresh issue of share worth Rs 603 crore and Rs 127 crore worth of share offered by the compans exiting shareholder, Internationl   Finance Corporation a mamber of the World Bank group. 

The issue is priced in the range of Rs 366-385 per share. 

Signature Global is the largest real estate development company in the national capital region of Delhi, specializing in affordable and lower mind segment housing. it had a market share of 19% in term of units supplied between 2020 and the three month ending March 31, 2023.

About 75% of the issue is reserved for qualified institutional buyers, 15%
for non institutional invesotrs and the remaining 10% for retail invetors. 

ICICI Securities Axis Capital and Kotak Mahindra Capital are the book riunning lead managers to the issue,, which link In time  India is the registrar. 

Vaibhav Jeweller


The IPO of Vaibhav Jewaller will open for subcription on September 22 and will remain available for bidding until September 26 .

Through this issue, the company aims to raise about 270 crore with a fresh issue component of Rs 210crore.. The public offer with a face value of Rs 10, also includes an offer for sale (ofs) of up to 2.8 million equity shares. 

The company has set a price band of Rs 204,215 per equity share for its intial public offer. Investor can bid a minimo, of 69shares and in multiples thereafter. 

Around 50% of the offer is reserved for institutional investor, 15% for non-institutional investor and the remaining 35% for retail investors. 

Vaibhav Jewellers was one of the early entrants in the organized jewelry retail market of Andra prasesh and continues its focus on regional expanion into high growth untapperd region with the micro market of Andra Pradesh and Telangnaa. 

77%of its showrooms are located in tier 2 and tier 3 cities while the remainder cater to urban consumer in hydrabad and vishakhapatnam. 

Bajaj Capital and Elara Capital (india) are the book runing lead managers, and Bigshare Services is the registrar to the offer.