While Tega Industries, Anand Rathi Wealth and RateGain Travel Technologies will debut on the stock exchanges next week, CE Info Systems and Metro Brands will close their IPO subscription and three new IPOs will launch during December 13-17
It is going to be another busy week for the primary market as companies will cumulatively raise over Rs 4,500 crore through their initial public offerings.
This includes IPOs that are currently ongoing such as MapmyIndia and Metro Brands, which will close on December 13 and December 14, respectively.
MapmyIndia, India’s leading provider of advanced digital maps, geospatial software and location based IoT technologies, was subscribed 6.16 times as of day 2 of its IPO; whereas Rakesh Jhunjhunwala-backed specialty footwear retailer Metro Brands was subscribed 27 percent on day 1.
Three more companies are set to launch their public offers over the next week of December 13-17–Medplus Health Services, Data Patterns India and HP Adhesives.
At the same time, three companies will debut on the bourses after seeing strong demand for the public offerings
The IPO of Tega Industries, the second-largest global producer of polymer-based mill liners, saw the highest QIB subscription in the last decade, at 215.5 times, and an overall subscription of 219 times.
Anand Rathi Wealth and RateGain Travel Technologies also saw healthy demand for their shares–at overall subscription of 9.8 times and 17.4 times, respectively. The two companies will list on the exchanges on December 14 and December 17, respectively.
Here are all the details of IPOs and listings next week:
Tega Industries
IPO dates: December 1-3
Price band: Rs 443-453
Issue size: Rs 619 crore
Subscription: 219 times
GMP*: Rs 300
Listing date: December 13
Anand Rathi Wealth
IPO dates: December 2-6
Price band: Rs 530-550
Issue size: Rs 660 crore
Subscription: 9.8 times
GMP*: Rs 60
Credit to demat accounts: December 13
Listing date: December 14
RateGain Travel Technologies
IPO dates: December 7-9
Price band: Rs 405-425
Issue size: Rs 1,335 crore
Subscription: 17.4 times
GMP*: Rs 60
Share allotment: December 14
Credit to demat accounts: December 16
Listing date: December 17
CE Info Systems (MapmyIndia)
IPO dates: December 9-13
Price band: Rs 1,000-1,033
Issue size: Rs 1,040 crore
Lot size: Rs 14,462 for 1 lot of 14 shares
Subscription: 6.16 times as of day 2
GMP*: Rs 900
Listing date: December 22
Metro Brands
IPO dates: December 10-14
Price band: Rs 485-500
Issue size: Rs 1,367 crore
Lot size: Rs 15,000 for 1 lot of 30 shares
Subscription: 27 percent on day 1
GMP*: Rs 80
Listing date: December 22
Medplus Health Services
IPO dates: December 13-15
Price band: Rs 780-796
Issue size: Rs 1,398 crore
Lot size: Rs 14,328 for 1 lot of 18 shares
GMP*: Rs 300
Listing date: December 23
Data Patterns India
IPO dates: December 14-16
Price band: Rs 555-585
Issue size: Rs 588 crore
Lot size: Rs 14,625 for 1 lot of 25 shares
GMP*: Rs 400
Listing date: December 24
HP Adhesives India
IPO dates: December 15-17
Price band: Rs 264-274
Issue size: Rs 126 crore
Lot size: Rs 13,700 for 1 lot of 50 shares
GMP*: NA
Listing date: December 27
*as per data from IPO Watch
