Kolkata-based Senco Gold's IPO to open on July 4. Check details

HMA Agro Industries, a leading exporter of frozen buffalo meat in India, is set to launch its Rs 480 crore ($72m) initial share sale which opens on 20 June and closes on 23 June. The public offer comprises a fresh issue of equity shares up to Rs 150 crore and an offer for sale of Rs 330 crore by promoters and selling shareholders. The price band for the public offer has been set at Rs 555-585 per equity share, the upper end of which values the company at Rs 2,929 crore.

Senco Gold, a leading jewellery player in eastern India, has raised INR 121 crore in the anchor round ahead of its initial public offering (IPO). The company is offering shares in the price range of INR 301-317 and has received positive ratings from analysts. Senco Gold has an extensive retail network of 136 showrooms and specializes in the sale of gold and diamonds. The IPO consists of a mix of fresh issue and offer for sale (OFS) segments, with the proceeds being used for working capital and general corporate purposes.

Senco Gold, a major jewellery retailer in Eastern India, is set to launch its IPO on July 4. The IPO will consist of a combination of fresh shares and an offer for sale. The company's shares are currently trading at a premium in the unlisted market. The IPO aims to raise Rs 270 crore for working capital and other corporate purposes. The company has a strong financial track record, with sales exceeding Rs 4000 crore in FY23. The IPO is reserved for different categories of investors, with a minimum bid of 47 shares. Book-running lead managers for the IPO include IIFL Securities, Ambit, and SBI Capital Markets.

The second half of the year is expected to see a number of companies launching their initial public offerings (IPOs). Senco Gold, PKH Ventures, Global Pet Industries, Tridhya Tech, and Synoptics Technologies have already opened for subscription. Senco Gold's IPO will open on July 4, while PKH Ventures' IPO began on June 30. In addition, four SMEs will also bring their public issues this week. Alphalogic Industries' IPO will open on July 3, and Global Pet Industries, Tridhya Tech, and Synoptics Technologies' IPOs will close on July 3, July 5, and July 5, respectively.

Inox India IPO is completely an offer for sale (OFS) of 2.21 crore shares with a face value of Rs 2 each. There is no fresh issue segment in the IPO. Under the OFS, Siddharth Jain, Pavan Kumar Jain, Nayantara Jain, Ishita Jain, Manju Jain, Lata Rungta among others will offload shares.

Seven public issues, including three mainstream IPOs and four SME IPOs, are set to hit the Indian markets this week. IdeaForge will open its much-awaited IPO for subscription on June 26th, offering equity shares of up to INR 240 crore and an offer for sale of 48.6 lakh shares. Meanwhile, Cyient DLM's IPO, offering equity shares for Rs 250-265 a piece, will open on June 27th while PKH Ventures will bring in an initial offering of up to 1.82 crore shares on June 30th. The SME space will also see four IPOs worth INR 107 crore in total.

The issue, which is completely fresh equity of 2.74 crore shares, has created a strong buzz in the grey market as the company's shares are trading at over 180% premium compared to the offer price.

Ahead of the IPO, Senco Gold raised Rs 121 crore in the anchor round, which saw the participation of marquee investors, including Nippon MF, White Oak, Jupiter asset management, Bandhan MF, and 3P India Equity Fund, among others. 3P India Equity Fund is owned by Prashant Jain.

Protean eGov Technologies IPO is completely an offer for sale of 61.9 lakh shares. Under the OFS, 360 One Special Opportunities Fund, NSE Investments, HDFC Bank, Axis Bank, Deutsche Bank among others will offload partial stakes. The OFS size has been reduced from 1.28 crore shares planned earlier.

Mamaearth has fixed a price band of Rs 308-324 per share for its IPO, which closes on November 2. At the upper end of the price band, the company is valued at Rs 10,425 crore and is planning to raise Rs 1,701 crore through the public offer.