Though it will be a truncated week starting from January 23, the primary market action will remain strong with seven IPOs opening for subscription and two companies scheduled to debut on the bourses.

Further, there will be only one public issue from the mainboard segment and the remaining six initial public offerings are from the SME segment, while their total fundraising will be little more than Rs 300 crore.

Another point to note here is that all these companies have changed their IPO opening as well as the listing schedule for the current week, especially after the announcement of Monday, January 22 as a public holiday for the Ayodhya Ram Mandir consecration ceremony.


Nova Agritech IPO

Nova AgriTech which manufactures soil health, plant nutrition, and crop protection products will open its Rs 143.81-crore public issue on January 23 and will close on January 25. The price band for the offer has been fixed at Rs 39-41 per share.

The IPO is a mix of fresh issuance of shares worth Rs 112 crore and an offer-for-sale of Rs 31.81 crore shares by investor Nutalapati Venkatasubbarao. Nutalapati will be exiting the company by selling his shareholding in the agri-input manufacturer.

The Hyderabad-based company which operates in agri-input business has already raised Rs 43.14 crore from four institutional investors on January 19. AG Dynamic Funds, Neomile Growth Fund – Series I, Saint Capital Fund, and Quantum-State Investment Fund are the investors in the company’s anchor book.

Brisk Technovision IPO

Brisk Technovision is planning to raise Rs 12.48 crore through its initial public offering of 8 lakh shares. The issue will be opened for subscription during January 23-25, while it is a fixed price issue at Rs 156 per share.

It is entirely an offer-for-sale (OFS) by promoters Sankarnarayanan Ramasubramanian, and Ganapati Chittaranjan Kenkare who are selling 4 lakh shares each.


Fonebox Retail IPO

The Ahmedabad-based smartphones and allied accessories retailer will be opening its Rs 20.37-crore public issue during January 25-30. The price band for the 29.1 lakh equity shares IPO has been fixed at Rs 66-70 per share. The IPO consists of only a fresh issue by the company.

DelaPlex IPO

The DelaPlex IPO will also be launched for bidding during January 25-30, with a price band of Rs 186-192 per share.

The Nagpur-based technology and software development solution and consulting provider intends to mobilise Rs 46.08 crore through the maiden public issue of 24 lakh equity shares comprising a fresh issue of 18 lakh shares and an OFS of 6 lakh shares by the corporate promoter DelaPlex Inc.


Megatherm Induction IPO

The IPO by the induction heating and melting products manufacturer, too, will be opened for bidding from January 25-30. The price band for the book-built issue has been fixed at Rs 100-108 per share.

Kolkata-based Megatherm Induction aims to mobilise Rs 53.91 crore through an initial public offering of 49.92 lakh equity shares, comprising only a fresh issue.

Harshdeep Hortico IPO

Thane-based Harshdeep Hortico, the manufacturer and supplier of pots and planters, will also be opening its Rs 19.09-crore public issue during the same period. The price band for the public issue has been fixed at Rs 42-45 per share.

The IPO consists only of a fresh issue of 42.42 lakh equity shares by the company that also entered into the field of roto-molded outdoor furniture.


Docmode Health Technologies IPO

Docmode Health Technologies which offers integrated learning solutions through online and offline learning models to healthcare professionals is planning to raise Rs 6.71 crore through its maiden public issue of 8,49,600 equity shares comprising only a fresh issue.

The fixed price issue will be opened for subscription on January 25 and closing on January 30. The issue price is Rs 79 per share.

Meanwhile, in the mainboard segment, Epack Durable will be closing its Rs 640-crore IPO on January 24. The offer was subscribed to 35 percent on January 19, the first day of bidding.

In the SME segment, the Qualitek Labs IPO will be closing on January 23, while January 24 will be the final day for Euphoria Infotech India, Konstelec Engineers, and Addictive Learning Technology IPOs.



In the mainboard segment, Medi Assist Healthcare Services, the healthcare third-party administrator, is set to list its equity shares on the bourses on January 23. The final issue price has been fixed at Rs 418 per share.

The Rs 1,172-crore IPO was subscribed 16.25 times during January 15-17.

In the SME segment, Maxposure will debut on the NSE Emerge on the same day after the massive subscription of 905 times by the Rs 20.26-crore IPO during January 15-17. The final issue price is Rs 33 per share.

Medi Assist IPO shares were available at an 8 percent to the final issue price in the grey market, an unofficial platform for trading in the IPO shares till the listing, while Maxposure shares traded at more than 200 percent premium over the issue price, analysts on anonymity said.


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