The month of August will witness a flurry of IPO activity in India, as five companies are set to launch their IPOs in August 2023, aiming to raise over Rs. 500 crore collectively. The companies are Vinsys IT Services India Ltd, Oriana Power Ltd, SBFC Finance Ltd, Concord Biotech Ltd, and Yudiz Solutions Ltd.
Vinsys IT Services IPO: a Pune-based IT skill development, training, and certification company, will open its IPO on August 1 and close on August 4. The company plans to raise Rs. 49.84 crore through the IPO, which will consist of 3,894,000 equity shares of face value Rs. 10 each, offered at a price band of Rs. 121 to Rs. 128 per share.
Oriana Power SME IPO : a company that provides solar energy solutions to industrial and commercial customers, will also launch its IPO on August 1 and close on August 3. The company aims to raise Rs. 59.46 crore through the IPO, which will comprise of 50.55 lakh equity shares of face value Rs 10 each, offered at a price band of Rs 115 to Rs 118 per share. nse sme
SBFC Finance IPO: a non-banking finance company that offers secured MSME loans and loans against gold, will open its IPO on August 3 and close on August 7. The company expects to raise Rs. [.] crore through the IPO, which will consist of [.] equity shares of face value Rs 10 each, offered at a price band of Rs 54 to Rs 57 per share.
Concord Biotech IPO: a biopharma company that develops and manufactures fermentation-based APIs across immunosuppressants and oncology segments, will launch its IPO on August 4 and close on August 8. The company hopes to raise Rs. [.] crore through the IPO, which will comprise of 20.93 million equity shares of face value Rs 1 each, offered at a price band of [.] to [.] per share.
Yudiz Solutions IPO: an IT solutions and consultancy company that provides web, mobile, game, and blockchain solutions for businesses, will also open its IPO on August 4 and close on August 8. The company intends to raise Rs. 44.77 crore through the IPO, which will consist of 27.18 lakh equity shares of face value Rs 10 each, offered at a price band of Rs 162 to Rs 165 per share.
All five companies are set to list their shares on both the BSE and NSE platforms, except for Vinsys IT Services India Ltd, Yudiz Solutions Ltd, and Oriana Power Ltd. These three companies will instead be listed on the NSE SME platform. The investors can find more details about each IPO by visiting the respective websites
The IPO market in India has been buzzing with activity this year, as several companies have tapped the capital markets to raise funds amid strong investor interest and favourable market conditions. The upcoming IPOs this week in August are expected to add to this momentum and offer more opportunities for investors to participate in the growth stories of these companies.