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Key Insights on Ongoing and Upcoming IPO & SME IPOs You Need to Know

3 July, 2024

Summary:

As the stock market continues to buzz with activity, several companies are preparing to launch their Initial Public Offerings (IPOs) and Small and Medium Enterprise (SME) IPOs. Here's a detailed look at the upcoming IPOs from Emcure Pharmaceuticals Limited, Bansal Wire Industries Limited, Ambey Laboratories, Ganesh Green Bharat and Effwa Infra & Research Limited.

Key Insights on Ongoing and Upcoming IPO & SME IPOs You Need to Know

IPO Details

➔ Emcure Pharmaceuticals Limited IPO (Emcure Pharma IPO)

Emcure Pharmaceuticals Limited, an Indian pharmaceutical giant, is set to launch its IPO to raise Rs 1,952.03 crores. The IPO includes a fresh issue of shares worth Rs 800.00 crores and an offer for sale of shares worth Rs 1,152.03 crores.

(I) IPO Date : July 3, 2024, to July 5, 2024 (II) Listing Date : July 10, 2024 (tentative) (III) Face Value : ₹10 per share
(IV) Price Band : ₹960 to ₹1008 per share (V) Lot Size : 14 Shares (VI) Total Issue Size : 19,365,346 shares (₹1,952.03 Cr)
(VII) Fresh Issue : 7,936,507 shares (₹800.00 Cr) (VIII) Offer for Sale : 11,428,839 shares (₹1,152.03 Cr) (IX) Employee Discount : Rs 90 per share
(X) Listing At : BSE, NSE
About Emcure Pharmaceuticals Limited

Founded in 1981, Emcure Pharmaceuticals develops, manufactures, and markets pharmaceutical products globally, ranking 13th in domestic sales among Indian pharmaceutical companies. The company is a leader in gynecology and HIV antiviral therapeutic areas.

IPO Objectives

(i) Repayment or prepayment of certain outstanding borrowings. General corporate purposes.

➔ Bansal Wire Industries Limited IPO

Bansal Wire Industries Limited, a leading stainless steel wire manufacturer, is launching an IPO to raise Rs 745.00 crores through a fresh issue of shares.

(I) IPO Date: July 3, 2024, to July 5, 2024 (II) Listing Date: July 10, 2024 (tentative) (III) Face Value: ₹5 per share
(IV) Price Band: ₹243 to ₹256 per share (V) Lot Size: 58 Shares (VI) Total Issue Size: 29,101,562 shares (₹745.00 Cr)
(VII) Fresh Issue: 29,101,562 shares (₹745.00 Cr) (VIII) Listing At: BSE, NSE
About Bansal Wire Industries Limited

Incorporated in 1985, Bansal Wire Industries specializes in high-carbon steel wire, low-carbon steel wire, and stainless steel wire. The company serves over 5,000 customers and exports products to more than 50 countries.

IPO Objectives

(i) Repayment or prepayment of certain outstanding borrowings.

(ii) Funding working capital requirements.

(iii) General corporate purposes.

SME IPO Details
➔ Ambey Laboratories IPO

Ambey Laboratories, a manufacturer of agrochemical products, plans to raise Rs 44.68 crores through its IPO.

(I) IPO Date: July 4, 2024, to July 8, 2024 (II) Listing Date: July 11, 2024 (tentative) (III) Face Value: ₹10 per share
(IV) Price Band: ₹65 to ₹68 per share (V) Lot Size: 2000 Shares (VI) Total Issue Size: 6,570,000 shares (₹44.68 Cr)
(VII) Fresh Issue: 6,258,000 shares (₹42.55 Cr) (VIII) Offer for Sale: 312,000 shares (₹2.12 Cr) (IX)Listing At: NSE SME
About Ambey Laboratories

Founded in 1985, Ambey Laboratories manufactures 2,4-D base chemicals for crop protection. The company's facility in Behror, Rajasthan, is ISO 9001:2015 and ISO 14001:2015 certified.

IPO Objectives:

(i) Working capital requirements.

(ii) General corporate purposes.

(iii) Issue-related expenses.

➔ Effwa Infra & Research Limited IPO

Effwa Infra & Research Limited, an engineering and consulting firm specializing in water pollution control, aims to raise Rs 51.27 crores through its IPO.

(I) IPO Date: July 5, 2024, to July 9, 2024 (II) Listing Date: July 12, 2024 (tentative) (III) Face Value: ₹10 per share
(IV) Price Band: ₹78 to ₹82 per share (V) Lot Size: 1600 Shares (VI) Total Issue Size: 6,252,800 shares (₹51.27 Cr)
(VII) Fresh Issue: 5,316,800 shares (₹43.60 Cr) (VIII) Offer for Sale: 936,000 shares (₹7.68 Cr) (IX) Listing At: NSE SME
About Effwa Infra & Research Limited

Founded in 2014, Effwa Infra & Research provides services in wastewater treatment, solid waste management, and water treatment plants. The company has completed over 45 water management projects across India and internationally.

IPO Objectives:

(i) Funding working capital requirements.

(ii) General corporate purposes.

➔ Ganesh Green Bharat Limited IPO

Ganesh Green Bharat Limited is an Electrical Contracting Service company. Ganesh Green Bharat IPO is a book-built issue of Rs 125.23 crores. The issue is entirely a fresh issue of 65.91 lakh shares.

(I) IPO Date: July 5, 2024, to July 9, 2024 (II) Listing Date: July 12, 2024 (tentative) (III) Face Value: ₹10 per share
(IV) Price Band: ₹181 to ₹190 per share (V) Lot Size: 600 Shares (VI) Total Issue Size: 6,591,000 shares (₹125.23 Cr)
(VII) Fresh Issue: 6,591,000 shares (₹125.23 Cr) (VIII) Listing At: NSE SME
About Ganesh Green Bharat Limited

Incorporated in April 2016, Ganesh Green Bharat Limited is an Electrical Contracting Service company. The company offers a range of services including the supply, installation, testing, and commissioning (SITC) of solar and electrical goods and services to various government bodies. The company has completed projects under various government schemes, such as the Saubhagya Scheme, the KUSUM Scheme, and Saur Sujla Yojna. Additionally, we have ventured into designing, building, installing, operating, and maintaining water supply projects like the Mukhya Mantri Nishchay Quality Affected Yojna, and Har Ghar Jal (Jal Jeevan Mission).

IPO Objectives

(i) The company proposes to utilize the Net Proceeds from the Issue towards funding the following objects:

(ii) Repayment in full or in part, of certain of the outstanding borrowings;

(iii) Funding Capital Expenditure towards installation of additional plant and machinery at the factory

(iv) Funding to meet working capital requirements

(v) General Corporate Purpose.

Conclusion

The upcoming IPOs and SME IPOs from Emcure Pharmaceuticals, Bansal Wire Industries, Ambey Laboratories, and Effwa Infra & Research present significant opportunities for investors. Each company has a clear strategy for utilizing the proceeds to strengthen its operations and expand its market presence. Investors should consider these offerings based on their individual investment goals and risk tolerance.

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Disclaimer: Investment in IPOs & SMEs (IPOs) is subject to market risks. Read all documents carefully before investing.

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