Three IPOs to Open Across Mainboard and SME Platforms
The primary market will remain active this week with three initial public offerings opening for subscription. One IPO will debut on the main board, while two issues will launch on the SME platforms. Shadowfax Technologies will open its IPO on the main board, whereas KRM Ayurveda and Digilogic Systems will tap the SME segment.
Investors can check key details such as price band, issue size, lot size, and timelines before placing their bids.
Shadowfax Technologies IPO Details
Shadowfax Technologies’ IPO will open for subscription on Tuesday, January 20, and close on January 22. Ahead of the issue, the company will conduct anchor investor bidding on January 19.
The company has fixed a price band of ₹118 to ₹124 per share. The IPO size stands at ₹1,907.27 crore. It includes a fresh issue worth ₹1,000 crore and an offer for sale (OFS) of ₹907.27 crore.
Several existing investors will dilute their stake through the OFS. These include Flipkart Internet Pvt Ltd, Eight Roads Investments Mauritius II, International Finance Corporation, Qualcomm Asia Pacific, Nokia Growth Partners IV, NewQuest Asia Fund IV, and Mirae Asset-backed funds.
Shadowfax plans to use the fresh issue proceeds for capital expenditure on network infrastructure. Additionally, the company will invest in new first-mile and last-mile centres, sort centres, branding and marketing activities, inorganic acquisitions, and general corporate purposes.
A single lot consists of 120 shares. At the upper end of the price band, one lot costs ₹14,880. The company has reserved 75% of the issue for qualified institutional buyers, 15% for non-institutional investors, and 10% for retail investors.
KRM Ayurveda IPO on NSE SME
KRM Ayurveda’s IPO will open on Wednesday, January 21, and close on January 23 on the NSE SME platform. The company aims to raise ₹77 crore through the issue.
The IPO price band has been set at ₹128 to ₹135 per share. Retail investors must apply for a minimum of two lots, with each lot consisting of 2,000 shares. At the upper price band, the minimum investment amounts to ₹2,70,000.
KRM Ayurveda operates hospitals and clinics across several Indian cities. Moreover, it has expanded its presence overseas through telemedicine consultations and product sales. The company manufactures Ayurvedic medicines, herbal and botanical remedies, supplements, and wellness products. Currently, it runs six hospitals and five clinics nationwide.
Digilogic Systems IPO Details
Digilogic Systems IPO will open for subscription on Tuesday, January 20, and close on January 22 on the BSE SME platform. The company plans to raise ₹81 crore through a mix of fresh issue and offer for sale.
The price band for the issue stands at ₹98 to ₹104 per share. Retail investors can bid for a minimum of two lots, with each lot comprising 1,200 shares. At the upper band, the minimum investment comes to ₹2,49,600.
The company has allocated 50% of the issue to qualified institutional buyers, 35% to retail investors, and 15% to non-institutional investors.
Digilogic Systems operates in the defence and aerospace sector. It designs and manufactures automated test equipment, radar and electronic warfare simulators, embedded systems, and specialised software solutions.
Investor Outlook
Overall, the upcoming IPOs offer exposure across logistics, healthcare, and defence technology sectors. However, investors should assess valuations, business fundamentals, and risk factors carefully before subscribing.
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