India's IPO market is set for another busy week, with 10 companies looking to raise over Rs 3,300 crore between August 24 and August 31. The mainboard line-up includes Skyways Air Services, Hy-Tech Engineers, Symbiotec Pharmalab, Annu Projects and Lumino Industries.
The companies span logistics, engineering, pharmaceuticals, infrastructure EPC and power transmission equipment, giving investors a broad set of businesses to choose from. Symbiotec Pharmalab IPOThe largest issue of the week is Symbiotec Pharmalab, which will open for subscription on August 24 and close on August 27.
The company plans to raise Rs 1,757 crore through a fresh issue of Rs 150 crore and an offer for sale of Rs 1,607 crore. The price band has been fixed at Rs 938-988 per share.
Symbiotec is a pharmaceutical and biotechnology company focused on active pharmaceutical ingredients, nutritional ingredients and specialty products. The company has a strong position in corticosteroid and steroidal hormone APIs and serves domestic as well as international markets.
Its shares are commanding a grey market premium of 42%, according to market trackers. Skyways Air Services IPOSkyways Air Services will also open on August 24 and close on August 27.
80 crore and an offer for sale of Rs 184 crore. The price band has been set at Rs 131-138 per share.
The company has over four decades of experience in air freight forwarding and logistics. It offers air and ocean freight forwarding, trucking, warehousing, customs broking and technology-led express cargo services.
Hy-Tech Engineers IPOHy-Tech Engineers is another mainboard issue opening on August 24. 73 crore at a price band of Rs 50-53 per share.
73 crore. Hy-Tech makes hydraulic fittings used in industries such as construction machinery, automobiles, farm equipment, injection moulding machines and hydraulic systems.
The company’s IPO is drawing strong interest in the grey market, with a GMP of 51%, the highest among the mainboard issues listed for the week. Annu Projects IPOAnnu Projects will open its Rs 175 crore IPO on August 25 and close on August 28.
The issue is entirely fresh. The price band has been fixed at Rs 94-99 per share.
The company is an engineering, procurement and construction player working in telecom infrastructure, sewerage infrastructure and gas pipeline projects. 35 crore, including telecom, sewerage, gas pipeline and railway signalling projects.
