The activity in the mainboard IPO (initial public offering) will continue this week, with three new issues scheduled to open. The IPOs, set to open for subscription next week, include that of Premier Energies, Ecos (India) Mobility & Hospitality, and Baazar Style Retail.

Additionally, the Street will also see two listings, including that of Orient Technologies and Interarch Building Products.

Here’s what’s on the IPO table this week:

Premier Energies IPO

Priced in the range of ₹427-450 per share, the IPO of solar cell and panel manufacturer, Premier Energies Ltd., will open for subscription on August 27. Through the IPO, the company is planning to raise ₹2,830 crore.

Investors can bid for a minimum of 33 equity shares in one lot and its multiple thereafter.

The offer consists a fresh share sale of 2.87 crore shares aggregating to ₹1,291.4 crore and an offer-for-sale (OFS) of up to 3.42 crore equity shares by its promoters and existing shareholders amounting to ₹1,539 crore.

The market capitalisation after listing is expected to be around ₹20,530 crore.

Ecos Mobility and Hospitality IPO

The company has a fixed price band of ₹318-334 for its ₹601-crore IPO. Investors can place bids for 44 shares in one lot and in multiples thereof.

The issue will open for subscription on August 28. The bidding for anchor investors will open for a day on August 27, and the IPO will conclude on August 30, 2024.

The IPO is a complete offer for sale (OFS) of up to 1.80 crore equity shares with a face value of ₹2 each.

The implied market capitalisation after listing could be around ₹2,004 crore at the upper end.

Baazar Style Retail IPO

The much-awaited IPO of Baazar Style Retail, backed by Rekha Rakesh Jhunjhunwala, will open for subscription on August 30, and close on September 3, 2024. The company will declare its price bands on Monday.

The IPO is a combination of fresh issue of up to ₹148 crore, and an OFS of 1,76,52,320 equity shares by the existing shareholders including Rekha Rakesh Jhunjhunwala, and Intensive Softshare.

The allotment for the IPO is expected to be finalised on September 4, 2024, and the company will list on the exchanges with tentative listing date fixed as September 6, 2024.

Listings

In the mainboard segment, shares of Interarch Building Products Ltd. and Orient Technologies Ltd. will list on the exchanges this week. Interarch Building Products will make its market debut on August 26, while the trading in shares of Orient Tech will begin from August 28.

The IPO of Interarch Building Products was overall subscribed 93.53 times, thanks to a strong push from qualified institutional bidders.

Orient Technologies’ IPO also witnessed a robust demand on the final day of bidding, with the issue clocking 151.71 times subscription.