Sanstar, Sahaj Solar, and four IPOs to open for subscription with one listing next week

The IPO market remains vibrant as four companies are set to launch their initial public offerings next week, starting July 15, aiming to collectively raise Rs 700 crore. The details of these IPOs are as follows:

Sanstar IPO

Opening Date: July 19, 2024

Price Band: Rs 90-95 per share

Total Issue Size: Rs 510.15 crore

Fresh Issue: 4.18 crore equity shares worth Rs 397.1 crore

Offer-for-Sale: 1.19 crore shares worth Rs 113.05 crore

Purpose: Expansion of Dhule facility, debt repayment, and general corporate purposes.

Closing Date: July 19, 2024

Sanstar manufactures specialty plant-based products and ingredient solutions for various applications including food and pet food.

Tunwal E-Motors IPO

Opening Date: July 15, 2024

Price: Rs 59 per share

Total Issue Size: Rs 115.64 crore

Fresh Issue: 1.38 crore shares worth Rs 81.72 crore

Offer-for-Sale: 57.5 lakh shares worth Rs 33.93 crore

Purpose: Working capital, research and development, inorganic growth, and general corporate expenses.

Closing Date: July 18, 2024

Tunwal E-Motors, an electric vehicle manufacturing company, competes with Wardwizard Innovations & Mobility and TVS Motor.

Kataria Industries IPO

Opening Date: July 16, 2024

Price Band: Rs 91-96 per share

Total Issue Size: Rs 54.58 crore

Fresh Issue: Entirely a fresh issue

Purpose: Capital expenditure for plant and machinery, debt repayment, and general corporate purposes.

Closing Date: July 19, 2024

Kataria Industries manufactures low relaxation pre-stressed concrete (LRPC) strands and steel wires.

Macobs Technologies IPO

Opening Date: July 16, 2024

Price Band: Rs 71-75 per share

Total Issue Size: Rs 19.46 crore

Fresh Issue: Entirely a fresh issue

Purpose: Customer acquisition through marketing, debt repayment, working capital, and general corporate purposes.

Closing Date: July 19, 2024

Macobs Technologies, based in Rajasthan, offers male grooming products.

Additional Information:

Sahaj Solar's IPO will close on July 15, 2024.

The last day to subscribe to the IPOs of Aelea Commodities, Sati Poly Plast, Prizor Viztech, and Three M Paper Boards is July 16, 2024.

Listing: Sahaj Solar will debut on the NSE Emerge on July 19, 2024, trading at a 90-95 percent premium over its upper price band.

Source: Sunil Shankar Matkar