Upcoming IPOs This Week: Ardee Industries, LEAP India, Technocraft Ventures Among Seven New Issues Opening This Week

The primary market will remain active this week, with seven initial public offerings (IPOs) set to open for subscription across the mainboard and SME segments between August 3 and August 11.

Three companies—Ardee Industries, LEAP India and Technocraft Ventures—will launch mainboard issues during the week, while four SME IPOs from Anawil Wire & Engineering, Aegeus Technologies, LAPL Automotive and Optimystix Entertainment India will also open for bidding.

Apart from fresh public issues, the week will also see a busy listing calendar. Eleven companies are expected to make their stock market debut, including Manipal Health Enterprises, Juniper Green Energy, MV Electrosystems, Advance Technoforge, Propshop Events & Exhibitions, Poojaa Precision Engineering, HR Hygiene Products, Dhaval Packaging, Oneindig Technologies, Fusion Klassroom Edutech and GV Electricals.

The steady pipeline of IPOs comes even as investor interest in the primary market remains strong, with companies across manufacturing, logistics, infrastructure, engineering and technology tapping the market to raise capital.

Mainboard IPOs This Week

Ardee Industries will open its ₹425.87 crore IPO for subscription on August 5, with the issue closing on August 7. The company has fixed a price band of ₹50-53 per share. The IPO comprises a fresh issue of ₹320 crore and an offer for sale worth ₹105.87 crore by existing shareholders. The company plans to utilise a large part of the fresh issue proceeds towards working capital requirements, while a portion will be used to repay borrowings.

LEAP India will launch the biggest public issue of the week. Its ₹2,480 crore IPO will remain open from August 7 to August 11, with a price band of ₹151-159 per share. The issue consists of a fresh issue of ₹480 crore and an offer for sale of ₹2,000 crore. The company intends to use the fresh proceeds primarily for debt repayment and general corporate purposes.

Technocraft Ventures will also open for subscription on August 7 and close on August 11. The EPC-focused infrastructure company is looking to raise ₹251.88 crore through a combination of a fresh issue and an offer for sale. The price band has been fixed at ₹200-212 per share.

SME IPOs Opening This Week

The SME segment will witness four new public issues during the week.

Anawil Wire & Engineering will be the first to open, with its subscription window running from August 3 to August 5. It will be followed by Aegeus Technologies, whose IPO opens on August 4 and closes on August 6.

LAPL Automotive will invite bids between August 6 and August 10, while Optimystix Entertainment India will open its public issue on August 7, with the subscription period ending on August 11.

IPO Listings This Week

Alongside new offers, the primary market will also see several companies make their stock market debut.

Manipal Health Enterprises is expected to list on the NSE and BSE on August 5, while Juniper Green Energy and MV Electrosystems are tentatively scheduled to debut on August 6.

Other companies expected to list during the week include Advance Technoforge, Propshop Events & Exhibitions, Poojaa Precision Engineering, HR Hygiene Products, Dhaval Packaging, Oneindig Technologies, Fusion Klassroom Edutech and GV Electricals, making it another busy week for activity in the primary market.

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