Waaree Energies to Afcons Infrastructure, IPOs to look out for this week

• Four mainboard companies and five SMEs will begin their IPOs this week.
• Afcons Infrastructure is the biggest IPO that is scheduled to begin this week.
• Here’s everything you need to know about the upcoming IPOs this week.

Days after India’s biggest IPO, this week is set to see several companies hitting Dalal Street. Four mainboard companies and five small and medium enterprises (SMEs) are looking to raise funds from the primary market.

The four mainboard companies looking to raise funds from the primary market include Waaree Energies, Deepak Builders, Godavari Biorefineries and Afcons Infrastructure. Apart from this, five SMEs will also launch their IPOs this week.

In this post, we look at the IPOs hitting Dalal Street this week:

Waaree Energies

The first mainboard IPO, Waaree Energies is already underway and will close on Wednesday, October 23. The company is looking to raise up to ₹4,321.44 crore from the market, including a fresh issue of ₹3,600 crore and an offer for sale (OFS) component of ₹721.44 crore.

The company has set a price band of ₹1,427 to ₹1,503 per share.

The company’s shares are currently commanding a grey market premium (GMP) of ₹1,510 per share.

Deepak Builders & Engineers

Deepak Builders & Engineers is next on the list, as the Delhi-based construction company looks to raise ₹260 crore from the primary market. The company’s IPO is already open and will close on Wednesday, October 23. The ₹260 crore IPO includes a fresh issue of ₹217.21 crore and an OFS component of ₹42.83 crore.

Deepak Builders has fixed a price band of ₹192-₹203 per share for its public issue.

The company’s shares are currently commanding a grey market premium (GMP) of ₹60 per share.

Godavari Biorefineries

Godavari Biorefineries, a manufacturer of ethanol-based chemicals is set to begin its IPO on October 23. The company is looking to raise up to ₹554.75 crore from the market, including a fresh issue of ₹325 crore and an offer for sale (OFS) component of ₹229.75 crore.

The company has fixed a price band of ₹334-₹352 per share for its public issue.

The company’s shares are currently not commanding any GMP.

Afcons Infrastructure

Afcons Infrastructure, an infrastructure engineering and construction company which is part of the Shapoorji Pallonji group is set to begin the biggest IPO of this week on October 25 and it will close on October 29. The company is looking to raise up to ₹5,430 crore from the market, including a fresh issue of ₹1,250 crore and an offer for sale (OFS) component of ₹4,180 crore.

The company has fixed a price band of ₹440-₹463 per share for its public issue.

The company’s shares are currently commanding a grey market premium (GMP) of ₹150 per share.

SME IPOs this week

Five SMEs are looking to raise funds from the primary market this week with one IPO already underway, three SME IPOs to begin on October 22 and one to begin on October 24.

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