Upcoming IPOs: 1 Major IPO and 2 SME Offerings to Watch Next Week

Upcoming IPOs: In the coming week, only two new initial public offerings (IPOs) will be opening for subscription in the primary market, providing a moment of calm after a hectic stretch.The two of the upcoming IPOs,Garuda Construction will launch its public offering on the mainboard, while Shiv Texchem is ready to make its entry into the SME market.

Photo : Internet

The primary market is gearing up for a brief respite in the coming week, with only two new initial public offerings (IPOs) set to open for subscription. Notably, Garuda Construction will launch its public offering in the mainboard segment, while Shiv Texchem is poised to make its entry into the SME market.

Upcoming IPOs Open for Subscription Next Week

Garuda Construction: Debut Mainboard IPO Entry Next Week

Garuda Construction and Engineering is on an impressive trajectory, showcasing significant growth with its revenue soaring from INR 77.02 crore in Fiscal 2022 to INR 154.18 crore in Fiscal 2024—a remarkable Compound Annual Growth Rate (CAGR) of 26.03%. As of May 2024, the company boasts an impressive order book of INR 1,408.27 crore, reflecting its strong market presence.

Garuda Construction and Engineering IPO Overview

• Subscription Dates: October 8 to October 10, 2024
• Total Issue Size: ₹264.10 crores
  • Fresh Issue: 1.83 crore shares valued at ₹173.85 crores
  • Offer for Sale: 0.95 crore shares worth ₹90.25 crores
• Price Band: ₹92 to ₹95 per share
• Lead Manager: Corpwis Advisors Private Limited
• Registrar: Link Intime India Private Ltd
• Investor Opportunity: An exciting investment option attracting considerable attention.

With 12 ongoing projects, including seven with contract values exceeding INR 100 crore each, Garuda is well-positioned to capitalize on the expanding infrastructure opportunities spurred by initiatives like Atmanirbhar Bharat and the Production-Linked Incentive (PLI) scheme. This IPO not only aims to secure vital working capital for ongoing operations but also paves the way for future growth, making it an exciting opportunity for investors looking to be part of a dynamic industry poised for expansion.

Shiv Texchem IPO

Shiv Texchem is making a significant mark in the world of hydrocarbon-based chemicals, specializing in the import and distribution of an impressive array of products. From Acetyls and Alcohols to Aromatics and Isocyanates, their offerings are crucial to a multitude of industries.

Upcoming IPOs : Shiv Texchem IPO Overview

• Subscription Dates: October 8 to October 10, 2024
• Total Issue Size: ₹101.35 crores
  • Fresh Issue: 61.06 lakh shares
• Price Band: ₹158 to ₹166 per share
• Lead Manager: Vivro Financial Services Private Limited
• Registrar: Link Intime India Private Ltd
• Market Maker: Rikhav Securities
• Investment Opportunity: A promising offering in the chemical sector attracting investor interest.

Whether it’s enhancing paints and coatings, creating high-quality printing inks, or supplying essential ingredients for agrochemicals and pharmaceuticals, Shiv Texchem plays a pivotal role in driving innovation. With a commitment to quality and a diverse product range, the company is not just keeping pace with industry demands but is set to shape the future of the chemical sector.

The price band for the Shiv Texchem IPO is set between ₹158 and ₹166 per share. Key stakeholders involved in the IPO include:

• Book-Running Lead Manager: Vivro Financial Services Private Limited
• Registrar: Link Intime India Private Ltd
• Market Maker: Rikhav Securities

Vivro Financial Services Private Limited is the book-running lead manager for this offering, with Link Intime India Private Ltd taking on the role of registrar. To enhance market stability, Rikhav Securities has been designated as the market maker for the IPO.

Khyati Global Ventures

Khyati Global Ventures focuses on exporting and repackaging a wide range of fast-moving consumer goods (FMCG), such as food, household products, festive handicrafts, and pharmaceuticals, serving over 40 countries. The company has experienced solid growth, with revenues rising from ₹91.90 crore in FY2022 to ₹103.46 crore in FY2024. With a strong return on net worth (RoNW) of 21.31%, Khyati Global Ventures demonstrates its solid profitability and competitive position in the market.

Upcoming IPOs: Khyati Global Ventures IPO Overview

• Subscription Dates: October 4 to October 8, 2024
• Total Issue Size: ₹18.30 crores
  • Fresh Issue: 10.48 lakh shares, amounting to ₹10.38 crores
  • Offer for Sale: 8 lakh shares, totaling ₹7.92 crores
• Price per Share: ₹99
• Lead Manager: Aryaman Financial Services Limited
• Registrar: Bigshare Services Pvt Ltd
• Market Maker: Aryaman Capital Markets
• Investment Opportunity: A fixed-price offering appealing to investors in

The Khyati Global Ventures IPO is open for subscription from October 4 to October 8, 2024. This fixed-price offering is valued at ₹18.30 crores and includes a fresh issue of 10.48 lakh shares and an offer for sale of 8 lakh shares, priced at ₹99 each. Managed by Aryaman Financial Services Limited, this IPO presents a promising investment opportunity for market participants.

Upcoming IPO’s : New Listings Overview

These upcoming IPOs provide new investment opportunities in the SME sector.

1. HVAX Technologies IPO
   • Allotment Completion: October 3, 2024
   • Listing Date: October 7, 2024
   • Exchange: NSE SME
2. Saj Hotels IPO
   • Allotment Completion: October 3, 2024
   • Listing Date: October 7, 2024
   • Exchange: NSE SME
3. Subam Papers IPO
   • Allotment Completion: October 4, 2024
   • Tentative Listing Date: October 8, 2024
   • Exchange: BSE SME
4. NeoPolitan Pizza and Foods IPO
   • Expected Allotment Completion: October 7, 2024
   • Tentative Listing Date: October 9, 2024
   • Exchange: BSE SME
5. Khyati Global Ventures IPO
   • Expected Allotment Completion: October 9, 2024
   • Tentative Listing Date: October 11, 2024
   • Exchange: BSE SME

Also Read :India vs Bangladesh 1st T20I: Cricket Returns to Gwalior After 14 Years;Key Insights On Playing XI,Pitch Analysis, Streaming Options, and Weather Forecast