Upcoming IPOs: Saraswati Saree Depot and Four SME Issues to Open for Subscription This Week

This week’s IPO lineup includes the highly anticipated Saraswati Saree Depot Ltd on the mainboard and four SME issues aiming to raise a total of ₹257 crore from investors. Here’s a detailed look at the new public offers set to open for subscription.

Mainboard IPO

Saraswati Saree Depot Ltd

• Issue Size: ₹160 crore
• Subscription Dates: August 12 – August 14, 2024
• Price Band: ₹152 to ₹160 per share
• Minimum Investment: ₹14,400
• Listing Date: August 20, 2024
• Details: Saraswati Saree Depot, a major wholesaler of women’s apparel and sarees, is set to offer 64,99,800 fresh equity shares and 35.01 lakh shares through an Offer for Sale. Unistone Capital Pvt Ltd is the lead manager, and Bigshare Services Pvt Ltd is the IPO registrar.

SME IPOs

Sunlite Recycling Industries Ltd

• Issue Size: ₹30.2 crore
• Subscription Dates: August 12 – August 14, 2024
• Price Band: ₹100 to ₹105 per share
• Minimum Investment: ₹1,26,000
• Listing Date: August 20, 2024
• Details: Specializing in oxygen-free copper rods, Sunlite Recycling will offer 28.8 lakh shares.

Positron Energy Ltd

• Issue Size: ₹51.2 crore
• Subscription Dates: August 12 – August 14, 2024
• Price Band: ₹238 to ₹250 per share
• Minimum Investment: ₹1,50,000
• Listing Date: August 20, 2024
• Details: Positron Energy provides consultancy services to the oil and gas industry and will offer 20.48 lakh shares.

Solve Plastic Products Ltd

• Issue Size: ₹11.8 crore
• Subscription Dates: August 13 – August 16, 2024
• Price: ₹91 per share
• Minimum Investment: ₹1,09,200
• Listing Date: August 21, 2024
• Details: Solve Plastic Products will offer 13.02 lakh shares and is focused on plastic products manufacturing.

Broach Lifecare Hospital Ltd

• Issue Size: ₹4 crore
• Subscription Dates: August 13 – August 16, 2024
• Price: ₹25 per share
• Minimum Investment: ₹1,50,000
• Listing Date: August 21, 2024
• Details: The IPO comprises 16.08 lakh shares and is focused on healthcare services.

IPOs Listing This Week

FirstCry.com and Unicommerce eSolutions Ltd will make their debut on August 13, 2024. Additionally, the SME IPO of Aesthetik Engineers Ltd will list on August 16, 2024.

Investors interested in these new public offerings should keep track of the subscription dates and pricing details to participate in these upcoming IPOs.