IPO Rush: Ather Power To Debut Alongside With 4 SMEs This Week

After a lull in main market exercise, a gentle revival will likely be seen this week with Ather Power Ltd. launching its preliminary public providing within the mainboard phase. Together with the electrical two-wheeler maker, 4 small and medium enterprises may even be opening their IPOs.

This relative uptick in IPO exercise comes after a interval of drought, as public points within the mainboard phase had dried out over the previous couple of weeks.

The much-awaited IPO of Ather Power will open on Monday, April 28. On the identical date, two SMEs — Iware Supplychain Companies Ltd. and Kenrik Industries Ltd. — will launch their public points. 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 Studying Ltd., which is able to open on Friday, Could 2.

Ather Power IPO

IPO opens: April 28
IPO closes: April 30
Situation dimension: Rs 2,981 crore
Contemporary subject: Rs 2,626.3 crore
OFS: Rs 354.76 crore
Tentative allotment date: Could 2
Tentative Itemizing date: Could 6
Face worth: Rs 1 per share
Worth Band: Rs 304 to Rs 321 per share
Lot dimension: 46 shares
Situation kind: Bookbuilding IPO
Itemizing platform: BSE, NSE

About Ather Power

Ather Power is an Indian electrical two-wheeler firm that designs, develops and assembles electrical scooters, in-house. In addition they do the identical for battery packs, charging infrastructure, and supporting software program methods. The corporate’s most outstanding merchandise embrace Ather Grid, a public fast-charging community for two-wheelers, and Atherstack, their proprietary software program platform that had 64 related options as of July 2024.

Forward of its April 28-30 preliminary public providing, the agency secured Rs 1,340 crore from anchor traders, with home mutual funds accounting for nearly 50% of the allocation. The shares had been allotted at Rs 321 every, the best value within the supplied vary.

A various group of 36 anchor traders obtained shares, with individuals starting from SBI Mutual Fund and Abu Dhabi Funding Authority to Franklin Templeton, Morgan Stanley, Societe Generale, and ICICI Prudential.

Iware Supplychain Companies IPO

IPO opens: April 28
IPO closes: April 30
Situation dimension: Rs 27.13 crore
Contemporary subject: Rs 27.13 crore
OFS: Nil
Tentative allotment date: Could 2
Tentative itemizing date: Could 6
Face worth: Rs 10 per share
Worth Band: Rs 95 per share
Lot dimension: 1,200 shares
Situation kind: Mounted value IPO
Itemizing platform: NSE SME

About Iware Supplychain Companies

iWare Provide Chain Companies is an built-in logistics agency with a various service portfolio that features warehousing (masking third-party logistics and carrying and forwarding agent actions), alongside transportation, rake dealing with providers, and enterprise auxiliary help.

The agency operates throughout many states in India equivalent to Gujarat, West Bengal, Uttar Pradesh, Rajasthan, Punjab, Haryana, and Delhi.

Arunaya Organics IPO

IPO opens: April 29
IPO closes: Could 2
Situation dimension: Rs 33.99 crore
Contemporary subject: Rs 30.51 crore
OFS: Rs 3.48 crore
Tentative allotment date: Could 5
Tentative Itemizing date: Could 7
Face worth: Rs 10 per share
Worth Band: Rs 55 to Rs 58 per share
Lot dimension: 2,000 shares
Situation kind: Bookbuilding IPO
Itemizing platform: NSE SME

About Arunaya Organics

Arunaya Organics makes and exports specialty dyes and intermediates. The corporate gives its chemical merchandise to many industries equivalent to textiles, paints, plastics, mining, and meals processing.

Kenrik Industries IPO

IPO opens: April 29
IPO closes: Could 6
Situation dimension: Rs 8.75 crore
Contemporary subject: Rs 8.75 crore
OFS: Nil
Tentative allotment date: Could 7
Tentative itemizing date: Could 9
Face worth: Rs 10
Worth Band: Rs 25 per share
Lot dimension: 6,000 shares
Situation kind: Mounted value IPO
Itemizing platform: BSE SME

About Kenrik Industries

Kenrik Industries designs and distributes conventional Indian jewelry. The corporate’s product line line contains handmade gold jewelry fitted with treasured and semi-precious stones, equivalent to diamonds, rubies, and cubic zirconia. The merchandise are custom-made, tailor-made to the necessities of each particular person buyer.

Wagons Studying IPO

IPO opens: Could 2
IPO closes: Could 6
Situation dimension: Rs 38.38 crore
Contemporary subject: Rs 25.26 crore
OFS: Rs 13.12 crore
Tentative allotment date: Could 7
Tentative itemizing date: Could 9
Face worth: Rs 10
Worth Band: Rs 78-82 per share
Lot dimension: 1,600 shares
Situation kind: Bookbuilding IPO
Itemizing platform: BSE SME

About Wagons Studying

A business-to-business focussed firm, Wagons Studying was arrange in 2013. The agency is engaged in offering providers starting from company coaching to ability improvement options, and digital studying. It additionally affords providers associated to coach outsourcing and payroll administration.