Ongoing Mainboard IPOs
- Diffusion Engineers Ltd.
- Issue Price: ₹159 – ₹168 per share
- Subscription Status: The IPO has been highly subscribed, particularly by retail and non-institutional investors, achieving a 27.19x subscription rate.
- Use of Proceeds: The company aims to fund expansion plans, debt repayment, and working capital requirements. The strong subscription highlights investor confidence in the long-term potential of Diffusion Engineers(mint).
- KRN Heat Exchanger
- Issue Details: KRN Heat Exchanger’s IPO allotment status is anticipated soon, with a positive response expected from investors.
- Subscription and GMP: The company has witnessed a significant interest from the market, which indicates a strong listing potential(mint).
- Paramount Dye Tec
- Issue Size: 24.3 lakh fresh equity shares
- IPO Value: ₹28 crore at the upper price band
- Listing Prospects: Paramount Dye Tec’s IPO opened with strong demand from investors, highlighting the robust confidence in this SME-focused IPO(ET NOW).
Upcoming Mainboard IPOs
- Swiggy IPO
- Expected Listing: Q4 2024
- Valuation: Swiggy is likely to command a valuation lower than its competitor Zomato, although it remains one of the most anticipated IPOs in the Indian market.
- Key Metrics: Swiggy’s IPO will focus on food delivery and cloud kitchen operations, with significant attention paid to its profitability and revenue growth in comparison to Zomato(mint).
- Dr. Agarwal’s Healthcare Ltd.
- Issue Size: ₹300 crore
- Use of Proceeds: The fresh issue will be used to expand the company’s presence in the eye-care industry and enhance its technological infrastructure.
- Investor Interest: Backed by major global investors Temasek and TPG, the IPO is poised to attract significant attention from both retail and institutional investors(mint).
- Icon Facilitators Ltd.
- IPO Details: The company plans to offer 21,00,000 new equity shares and raise ₹16 crore through its SME IPO.
- Purpose: Proceeds from the IPO will be utilized for working capital requirements and corporate purposes, signaling the company’s expansion ambitions(mint).
- Manba Finance Ltd.
Conclusion
The Indian IPO market remains vibrant, with several ongoing and upcoming mainboard listings capturing investor attention. Companies like Swiggy and Dr. Agarwal’s Healthcare are drawing anticipation due to their strong market presence, while the robust demand for existing IPOs like Diffusion Engineers and Paramount Dye Tec underscores the growth potential for investors. With the consistent activity in the IPO space, market participants can expect a steady flow of investment opportunities in the near term.
