Upcoming IPOs: Get Complete Details about These Two Companies Before Investing as Their IPOs Open Next Week
Upcoming IPOs
Experts suggest that if the Nifty, an index that represents the National Stock Exchange of India’s top 50 listed companies, sustains above the 18,000 mark in the current quarter, there could be a significant increase in the number of IPO launches in the upcoming months.
This observation indicates that a positive market sentiment and investor confidence may encourage more companies to go public and seek capital from the market.
Senco Gold IPO
Senco Gold, a jewelry company headquartered in Kolkata, has announced its initial public offering (IPO) plans. The IPO is set to open for bidding on July 4, with the company aiming to raise approximately Rs 405 crore.
Out of this amount, Rs 270 crore will be raised through the issuance of new shares, while the remaining Rs 135 crore will come from the sale of shares by investor SAIF Partners India IV.
The IPO allocation is structured as follows: 50% of the offering is reserved for Qualified Institutional Buyers (QIBs), 15% for non-institutional investors, and the remaining 35% for retail investors.
This allocation provides an opportunity for various types of investors to participate in the IPO based on their eligibility and preferences.
The IPO bidding period will close on July 6, giving interested investors a limited timeframe to submit their bids. The price band for the IPO has been set at Rs 301-317 per share. This range represents the acceptable price range within which investors can place their bids.
According to Senco Gold, the proceeds from the IPO will primarily be utilized to meet the company’s working capital requirements and for other general corporate purposes.
This indicates that the funds raised will be allocated towards supporting the day-to-day operations and ongoing activities of the company, ensuring smooth business functioning and potential expansion opportunities.
Suvankar Sen and his family members, along with two trusts, are the promoters of Senco Gold. As of now, the promoters collectively hold a stake of 76.92 percent in the company, indicating their significant ownership and control over the business.
This highlights their long-term commitment and involvement in the company’s operations and strategic decisions.
Apart from the promoters, there are two notable investors in Senco Gold. SAIF Partners, an investment firm, holds a stake of 19.23 percent in the company.
SAIF Partners is known for its investments in various sectors, including technology, consumer goods, and retail. Their investment in Senco Gold suggests their confidence in the company’s growth potential and future prospects.
Additionally, OIJIF II (Oman India Joint Investment Fund II) holds a stake of 3.85 percent in Senco Gold. OIJIF II is a fund established through a partnership between Oman’s State General Reserve Fund and India’s State Bank of India (SBI).
This investment by OIJIF II signifies their interest in supporting and participating in the growth journey of Senco Gold.
As of March 2023, Senco Gold operates a network of 136 showrooms spread across 96 cities and towns in 13 states of India. This widespread presence indicates the company’s efforts to establish a strong retail footprint and reach a broad customer base across different regions of the country.
By having a significant number of showrooms, Senco Gold aims to make its jewelry accessible to customers in various urban and semi-urban areas.
Alphalogic Industries IPO
Alphalogic Industries, a subsidiary of the BSE-listed software development company Alphalogic Techsys, is set to launch its initial public offering (IPO) from the SME segment.
The IPO is scheduled to be launched on July 3. The company has fixed a price of Rs 96 per share for the IPO, and the bidding process will close on July 6.
Headquartered in Pune, Alphalogic Industries specializes in manufacturing industrial and institutional storage systems.
The company plans to sell 13.41 lakh shares through its IPO, aiming to raise Rs 12.88 crore from the offering. It is important to note that this IPO comprises a completely fresh issue of shares, indicating that the proceeds raised will directly benefit the company for its growth plans and financial requirements.
The company has stated that the funds raised from the IPO will primarily be used to meet its working capital requirements and for other general corporate purposes.
This utilization suggests that the IPO proceeds will support Alphalogic Industries’ day-to-day operations and provide the necessary capital for its ongoing business activities.
Additionally, the funds can be utilized for potential expansion opportunities, research and development initiatives, and strengthening the company’s overall financial position.
Opportunity to Bid in Upcoming IPOs:
In addition to the IPOs of Senco Gold and Alphalogic Industries, there are several other IPOs available for bidding in the market.
These opportunities provide investors with a chance to participate in the growth potential of different companies. Here are the details of the upcoming IPOs:
1. PKH Ventures: The IPO of PKH Ventures is open for bidding until July 4. The price band for this IPO has been fixed at Rs 140-148 per share. The IPO aims to raise approximately Rs 379 crore. Interested investors can submit their bids during the specified period to potentially become shareholders in PKH Ventures.
2. Global Pet Industries: The IPO of Global Pet Industries, in the SME segment, will close on July 3. The offer size for this IPO is over Rs 13 crore. Bidding for this IPO began on June 28. Investors looking to participate in the pet industry sector can consider this opportunity.
3. Synoptics Technologies: The IPO of Synoptics Technologies will close on July 5. The bidding for this IPO started on June 30. Synoptics Technologies aims to raise Rs 54 crore through this IPO. Investors interested in the technology sector may find this IPO attractive.
4. Tridhya Tech: Tridhya Tech’s IPO will also close on July 5, with bidding starting on June 30. The company plans to raise Rs 26.4 crore through this IPO. Tridhya Tech’s IPO presents an opportunity for investors interested in the technology sector and its growth prospects.
These IPOs offer potential investors a chance to subscribe to the shares of these companies and participate in their growth journey.
It’s important to carefully evaluate the company’s fundamentals, financials, and overall market conditions before making any investment decisions.
