SBFC Finance and 4 other IPOs set to hit the Street this week. Check details

An initial public offering (IPO) refers to the process of offering shares of a private corporation to the public in a new stock issuance. Dalal Street is gearing up for another busy week in the primary market as five main board and small and medium enterprises (SME) IPOs to hit the primary market this week.

SBFC Finance
The initial public offer (IPO) of non-banking lender SBFC Finance will open for public subscription on August 3 and closes on August 7. The allocation to anchor investors will be done on August 2. It has fixed price band at Rs 54-57 per share for the issue.

The initial share sale comprises fresh issuance of equity shares worth Rs 600 crore and an Offer for Sale (OFS) of Rs 425 crore. The company had filed preliminary IPO papers with Sebi in November last year.

Under the OFS, selling shareholders include Arpwood Partners Investment Advisors who will offload equity worth Rs 306 crore, Arpwood Capital, Eight45 Services will sell up to Rs 75 and Rs 43 crore, respectively.

The proceeds from the fresh issuance worth Rs 600 crore will be used to boost its capital base to meet future capital requirements.

Concord Biotech
The Ahmedabad-based pharma company, which is backed by private equity firm Quadria Capital and the late veteran investor Rakesh Jhunjhunwala’s firm Rare Enterprises, Concord Biotech is set to launch its initial public offering (IPO) for subscription on August 4. The public issue will close on August 8.

The IPO comprises only an offer for sale (OFS) of 2.09 crore equity shares by Helix Investment Holdings, the private fund operated by Quadria Capital. With this, Helix will be exiting the company.The anchor book will be launched for a day on August 3, a day before the issue opening.

SME IPOs
Oriana Power
The initial public offering (IPO) of Oriana Power will open for public subscription on August 1 and shall close on August 3. The IPO is entirely a fresh equity issue of up to 50.5 lakh equity shares aggregating up to Rs 59.6 crore.

Oriana Power specializes in providing solar energy solutions to industrial and commercial customers. It offers low-carbon energy solutions by installing on-site solar projects such as rooftop and ground-mounted systems, as well as off-site solar farms i.e. Open access.

The company will offer its shares at a price band of Rs 115-118 apiece, and investors can bid for 1,200 shares in 1 lot. The final allotment will likely be made on August 8. The company’s shares will likely get listed on August 11.

Vinsys IT Services India
The initial public offering (IPO) of Vinsys IT Services will open for public subscription on August 1 and shall close on August 4. The company will offer its shares at a price band of Rs 121-128 apiece, and investors can bid for 1,000 shares in 1 lot.

The IPO is entirely a fresh equity issue of up to 38.94 lakh equity shares aggregating up to Rs 49.8 crore. The net proceeds from the public offer will be used for working capital requirements, repayment of loan to subsidiary and other general corporate purposes.

The final allotment will likely be made on August 9. The company’s shares will likely get listed on August 14.

Yudiz Solutions
According to data available on PRIME Database, Yudiz Solutions is an SME IPO which is set to open on August 4 and shall close on August 8. The company has set the IPO’s price band at Rs 162 per equity share, and the share will be listed on the NSE Emerge.

The company intends to raise Rs 41.8 crore via an IPO. Narnolia Financial Services is the lead manager, and Mas Services is the registrar of the issue.

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