SBI MF Leads Upcoming IPO Calendar with 3 New Issues Set to Raise ₹11,980 Crore Next Week!

India’s primary market is poised for significant activity next week, with a combined IPO endeavor of nearly Rs 11,980 crore. Notably, two major companies—SBI Funds Management and Alpine Texworld—will open for subscription on July 14. SBI Funds Management is seeking to raise Rs 11,693 crore through an offer for sale, while Alpine Texworld aims for Rs 126.25 crore via a fresh issue. The offerings will see most fundraising concentrated in the mainboard segment, with listings anticipated on the BSE and NSE by July 21.

SBI Funds Management stands out as the largest player in this week’s lineup, setting a price band of Rs 545-574 per share with a lot size of 26 shares, which translates to approximately Rs 14,924 for retail investors. Encouragingly, the issue displays a strong grey market premium (GMP) of 20% over its issue price, indicating a positive sentiment among investors. Meanwhile, Alpine Texworld’s IPO will be priced at Rs 100-105 per share, requiring a retail investment of Rs 14,910 for one lot, and the shares are expected to perform well based on solid financial growth. Both companies showcase robust financial fundamentals, with SBI Funds Management reporting a significant increase in revenue and profit margins.

The SME segment is also featuring an enticing opportunity with Millworks Technologies, which will open its IPO concurrently. The company’s shares are already generating substantial interest in the grey market, boasting over 100% GMP, signaling strong investor confidence. As an investor in India, this wave of IPO activity presents a lucrative opportunity for capital appreciation. With the steady growth trajectory exhibited by these firms, particularly in the asset management and textile sectors, investors could benefit from securing stakes in well-positioned companies amidst a recovering economic landscape.

Source: The Economic Times

(Expert Note: This report was prepared by the Wealthova IPO team.)