Upcoming IPOs: Issues to open include Vaari Energies, Afcons Infrastructure, 3 listings next week; See full list here

The primary market is all set to be active with the opening of four new public issues of Vaari Energies, Deepak Beaudlers. AFCONS Infrastructure And the mainboard section includes Godavari.

Additionally, the market will see the listing of Hyundai India and two other IPOs next week.

“India’s primary market is on a remarkable growth path due to the wave of investor interest and increase in IPO activity. September was particularly busy, with one day alone – the last day of the month – 15 DRHP filings were submitted, making it one of the most active periods for IPOs in 14 years. So far in 2024, we have seen 63 initial public offerings, most of which have performed well post-listing. Despite the challenges of volatile markets and global uncertainties, investor confidence in these offerings remains strong,” said Pantomath Capital Advisors Pvt Ltd.

“This positive momentum is expected to continue. “With a good pipeline of IPOs, strong investor demand and a sense of optimism among both promoters and investors, the outlook for the capital markets looks bright,” the firm further said.

Here is the list of IPOs that will be open for subscription next week –

Vaari Energies IPO

Vaari Energies IPO Will be open for subscription from October 21 to October 23, 2024. The value of this book-generated issue is Rs 4,321.44 crore, including fresh issue of 2.4 crore shares Proposal for sale of Rs 3,600 crore and 0.48 crore shares 721.44 crore.

The price band for Vaari Energies’ IPO has been set between? 1,427 more 1,503 per share. Book running lead managers for the IPO include Axis Capital Limited. IIFL Securities Ltd., Jefferies India Pvt. Ltd., Nomura Financial Advisory & Securities (India) Pvt. Ltd., SBI Capital Markets Ltd., Intensive Fiscal Services Pvt. Ltd. and ITI Capital Ltd. Link Intime India Private Limited acts as the registrar to the issue.

Deepak Builders and Engineers IPO

Deepak Builders and Engineers IPO Will open for subscription on October 21, 2024 and close on October 23, 2024. This IPO is a book-built issue worth. 260.04 crore, which includes fresh issue of total 1.07 crore shares Proposal for sale of Rs 217.21 crore and 0.21 crore shares 42.83 crores.

price band for Deepak Builders and Engineers IPO is established on from 192 203 per share. FedEx Securities Pvt Ltd is the lead book manager for the IPO, and Kfin Technologies Ltd acts as the registrar for the issue.

Godavari Biorefineries IPO

Godavari Biorefineries IPO Will be available for subscription from October 23, 2024 to October 25, 2024. This IPO is a book-built issue priced at 554.75 crore, which includes fresh issue of 0.92 crore shares Total Rs 325.00 crore through offer for sale of 0.65 crore shares. 229.75 crores.

price range for Godavari Biorefineries IPO is established on from 334 352 per share. Equirus Capital Pvt Ltd and SBI Capital Markets Ltd are acting as book running lead managers for the IPO, and Link Intime India Pvt Ltd is the registrar for the offering.

Afcons Infrastructure IPO

Afcons Infrastructure IPO will be available for subscription from October 25, 2024 to October 29, 2024. The total size of this book-built issue is 5,430 crore, which also includes the latest issue of Rs 1,250 crore and offer amount for sale 4,180 crores.

Leading the management of Afcons Infrastructure IPO are ICICI Securities Ltd., Dam Capital Advisors Ltd. (formerly IDFC Securities Ltd.), Jefferies India Pvt. Ltd., Nomura Financial Advisory & Securities (India) Pvt. Ltd., Nuvama Wealth Management Ltd. and SBI Capital Markets Ltd. , The registrar of this issue is Link Intime India Private Limited.