PKH Ventures, Global Pet Industries, Tridhya Tech, and Synoptics Technologies have already opened for subscription and will close this week.
Senco Gold
The initial public offering (IPO) of Senco Gold will open for public subscription on July 4. The issue closes on July 6. The company had set the price band of Rs 301-317 per share.
Willing investors can subscribe to at least one lot of 47 equity shares and in multiple of 47 shares. The allocation to anchor investors will be done on July 3.
The offer comprises a fresh equity issue of up to Rs 270 crore and an offer for sale (OFS) aggregating up to Rs 135 crore. Under the OFS segment, SAIF Partners India IV will offload shares. About 50% of the offer is reserved for qualified institutional buyers (QIBs), 15% for non-institutional investors (NIIs), and 35% for retail investors (RIIs).
Net proceeds from the issue will be used for funding the working capital requirements of the company and other general corporate purposes. For the financial year ending March 2023, the company’s total income stood at Rs 4,108 crore, while profit came in at Rs 158 crore.
PKH Ventures
The initial share sale of PKH Ventures is a mainboard IPO that kicked off on June 30. The issue closes for subscription on July 4. The company had set the price band of Rs 140-148 per share.
The company’s issue size is Rs 379 crore at the upper price band. 50% of the net offer (Rs 179-189 crores) is reserved for the QIB portion. 15% of the net offer (Rs 54-57 crore) is reserved for NII, while 35% (Rs 126-133 crore) is reserved for Retail.
The IPO comprises fresh equity issue of up to 1.82 crore shares and an offer for sale (OFS) of up to 73.7 lakh equity shares by selling shareholders. Under the OFS, promoter Pravin Kumar Agarwal will offload 73.7 lakh equity shares.
PKH Ventures is in the business of construction and Development, hospitality, and management services. IDBI Capital Markets is the book-running lead manager to the issue, while Link Intime India is acting as the registrar. The company is expected to raise about Rs 380 crore through the IPO.
SME IPOs
Apart from the mainstream IPOs, four companies in the SME space will bring their public issues this week that will fetch them about Rs 100 crore.
Alphalogic Industries
The initial public offering of Alphalogic Industries will open for public subscription on July 3. The issue closes on July 6. The IPO is entirely a fresh equity issue of up to 13.41 lakh equity shares, aggregating up to Rs 12.87 crore. The company will offer its shares at a price band of Rs 96 apiece, and investors can bid for 1,200 shares in 1 lot.
About 50% of the offer is reserved for retail investors and the rest 50% for other investors. For the year ending March 2023, the company has recorded revenues of Rs 18.23 crore and net profit of Rs 2.19 crore.
The net proceeds from the public offer will be used for working capital requirements, issue-related expenses and other general corporate purposes.
Global Pet Industries
Global Pet Industries, which manufactures and exports two-stage PET stretch blow molding machines, opened for subscription on June 28. The offer, which has a price band of Rs 49 per share, closes on July 3. The offer is a fresh issue of 27 lakh shares, and the company will make about Rs 13 crore.
Tridhya Tech and Synoptics Technologies
The IPOs of Tridhya Tech and Synoptics Technologies opened for subscription on June 30 and will close on July 5.
Tridhya Tech is engaged in full-service software development, which includes all IT services and resources. The company is offering its shares in the price range of Rs 35-42, and at the upper end, the total mop-up will be about 26.4 crores.
Meanwhile, Synoptics Tech is also an IT services company offering solutions in IT infrastructure like connectivity to the branches, supply, implementation and support of the network equipment. The company has set a price band of Rs 237 per share, which will fetch about Rs 54 crore