1 week Ago By Prajwal Jayaraj
After a lull in primary market activity, a mild revival will be seen this week with Ather Energy Ltd. launching its initial public offering in the mainboard segment. Along with the electric two-wheeler maker, four small and medium enterprises will also be opening their IPOs.
This relative uptick in IPO activity comes after a period of drought, as public issues in the mainboard segment had dried out over the past couple of weeks. The much-awaited IPO of Ather Energy will open on Monday, April 28. On the same date, two SMEs — Iware Supplychain Services Ltd.
and Kenrik Industries Ltd. — will launch their public issues. The third SME IPO of the week, of Arunaya Organics Ltd.
, will open on Tuesday, April 29.The fourth SME IPO of the week is of Wagons Learning Ltd., which will open on Friday, May 2.
Ather Energy IPOIPO opens: April 28IPO closes: April 30Issue size: Rs 2,981 croreFresh issue: Rs 2,626.3 croreOFS: Rs 354.76 croreTentative allotment date: May 2Tentative Listing date: May 6Face value: Rs 1 per sharePrice Band: Rs 304 to Rs 321 per shareLot size: 46 sharesIssue type: Bookbuilding IPOListing platform: BSE, NSEAbout Ather EnergyAther Energy is an Indian electric two-wheeler company that designs, develops and assembles electric scooters, in-house.
They also do the same for battery packs, charging infrastructure, and supporting software systems. The company's most prominent products include Ather Grid, a public fast-charging network for two-wheelers, and Atherstack, their proprietary software platform that had 64 connected features as of July 2024.Ahead of its April 28-30 initial public offering, the firm secured Rs 1,340 crore from anchor investors, with domestic mutual funds accounting for almost 50% of the allocation.
The shares were allocated at Rs 321 each, the highest price in the offered range. A diverse group of 36 anchor investors received shares, with participants ranging from SBI Mutual Fund and Abu Dhabi Investment Authority to Franklin Templeton, Morgan Stanley, Societe Generale, and ICICI Prudential.Ather Energy Has A Margin Lever Against Waning Subsidy, In Quest For ProfitabilityIware Supplychain Services IPOIPO opens: April 28IPO closes: April 30Issue size: Rs 27.
13 croreFresh issue: Rs 27.13 croreOFS: NilTentative allotment date: May 2Tentative listing date: May 6Face value: Rs 10 per sharePrice Band: Rs 95 per shareLot size: 1,200 sharesIssue type: Fixed price IPOListing platform: NSE SMEAbout Iware Supplychain ServicesiWare Supply Chain Services is an integrated logistics firm with a diverse service portfolio that includes warehousing (covering third-party logistics and carrying and forwarding agent activities), alongside transportation, rake handling services, and business auxiliary support.The firm operates across many states in India such as Gujarat, West Bengal, Uttar Pradesh, Rajasthan, Punjab, Haryana, and Delhi.
Arunaya Organics IPOIPO opens: April 29IPO closes: May 2Issue size: Rs 33.99 croreFresh issue: Rs 30.51 croreOFS: Rs 3.
48 crore Tentative allotment date: May 5Tentative Listing date: May 7Face value: Rs 10 per sharePrice Band: Rs 55 to Rs 58 per shareLot size: 2,000 sharesIssue type: Bookbuilding IPOListing platform: NSE SMEAbout Arunaya OrganicsArunaya Organics makes and exports specialty dyes and intermediates. The company provides its chemical products to many industries such as textiles, paints, plastics, mining, and food processing.Kenrik Industries IPOIPO opens: April 29IPO closes: May 6Issue size: Rs 8.
75 croreFresh issue: Rs 8.75 croreOFS: NilTentative allotment date: May 7Tentative listing date: May 9Face value: Rs 10 Price Band: Rs 25 per shareLot size: 6,000 sharesIssue type: Fixed price IPOListing platform: BSE SMEAbout Kenrik IndustriesKenrik Industries designs and distributes traditional Indian jewellery. The company’s product line line includes handmade gold jewellery fitted with precious and semi-precious stones, such as diamonds, rubies, and cubic zirconia.
The products are custom-made, tailored to the requirements of every individual customer.Wagons Learning IPOIPO opens: May 2IPO closes: May 6Issue size: Rs 38.38 croreFresh issue: Rs 25.
26 croreOFS: Rs 13.12 croreTentative allotment date: May 7Tentative listing date: May 9Face value: Rs 10 Price Band: Rs 78-82 per shareLot size: 1,600 sharesIssue type: Bookbuilding IPOListing platform: BSE SMEAbout Wagons LearningA business-to-business focussed company, Wagons Learning was set up in 2013. The firm is engaged in providing services ranging from corporate training to skill development solutions, and digital learning.
It also offers services related to trainer outsourcing and payroll management.IPO Returns: Bumper Gains For Investors In CPSE Stocks In Last 8 Years; Mazagon Dock Tops List . Read more on IPOs by NDTV Profit.
.
