IPOs Next Week: Jio Platforms, Paras Healthcare IPOs Open October 21; Check Dates, GMP & Listing Details

Next week is going to be blockbuster with Jio Platforms and Paras Healthcare opening their IPOs for subscription on October 21. Jio Platforms is expected to raise around Rs 30,200 crore, and will be one of the largest public issues in India’s market history. Meanwhile, five IPOs are scheduled to close on October 19, while several companies are preparing for allotments and stock market listings.

IPOs Opening Next Week

Two mainboard IPOs are scheduled to open for subscription on Wednesday, October 21. Anchor bidding for both issues is scheduled for Monday, October 19.

Jio Platforms IPO

The Jio Platforms IPO is going to be one of the biggest public offerings in India’s capital market. The company is looking to raise approximately Rs 30,200 crore through the issue. The IPO is scheduled to open on October 21 and close on October 23. The price band has been reported at Rs 1,065 to Rs 1,119 per share.

The issue comprises a fresh issue of 27 crore shares, with no offer for sale (OFS), according to the available issue details. The company’s estimated market capitalisation is around Rs 10.30 lakh crore.

The lot size is 12 shares, requiring a minimum investment of Rs 13,428 at the upper end of the price band. An employee discount of Rs 54 per share has also been reported.

The reported grey market premium (GMP) was around Rs 222 per share, indicating an unofficial premium of approximately 20% over the upper price band. At that premium, the indicative price would be around Rs 1,341 per share.

Paras Healthcare IPO: Issue Size, Price Band and Lot Size

Paras Healthcare is also scheduled to launch its mainboard IPO on October 21, with the subscription window closing on October 23. The issue is valued at approximately Rs 1,450 crore and comprises a fresh issue of Rs 500 crore and an offer for sale of Rs 950 crore. The price band has been reported at Rs 660 to Rs 693 per share.

Five IPOs Closing on October 19

Five public issues are scheduled to close on Monday, October 19.

Zetwerk Manufacturing IPO

The Zetwerk Manufacturing IPO has an issue size of approximately Rs 5,012.33 crore, with a price band of Rs 143 to Rs 151 per share. The lot size is 99 shares.

The issue had received subscriptions of around 0.31 times before the final day of bidding.

Sahajanand Medical Technologies IPO

The Sahajanand Medical Technologies IPO is valued at Rs 475.48 crore, with a price band of Rs 327 to Rs 344 per share. The lot size is 43 shares.

The issue is entirely an offer for sale, meaning the proceeds from the sale of shares go to the selling shareholders rather than the company. Subscription stood at approximately 0.8 times before the final day.

Tonbo Imaging IPO

The Tonbo Imaging IPO has an issue size of approximately Rs 852.18 crore and a price band of Rs 665 to Rs 700 per share. Its lot size is 21 shares.

The issue, reported to be entirely an offer for sale, had received subscription of around 7.8 times before the final day, making it the most subscribed among the five issues listed above.

Bonfiglioli Transmissions IPO

The Bonfiglioli Transmissions IPO has an issue size of around Rs 2,533.66 crore, with a price band of Rs 558 to Rs 586 per share and a lot size of 25 shares.

Shellz India IPO

Shellz India is a small and medium enterprise (SME) IPO listed on the BSE SME platform. The issue size is approximately Rs 59.97 crore, with a price band of Rs 170 to Rs 179 per share.

The lot size is 800 shares. The issue had received subscriptions of approximately 0.9 to 1.05 times in the latest available preliminary figures.

IPO Allotment Dates Next Week

Several companies are expected to complete their IPO allotment processes during the week.

Fusion CX IPO Allotment

The Fusion CX IPO allotment is expected on October 19, after subscription of approximately 4.4 times. The company’s stock is scheduled to list on October 22.

Zetwerk, Sahajanand, Tonbo Imaging and Bonfiglioli IPO Allotments

The allotment for Zetwerk Manufacturing, Sahajanand Medical Technologies, Tonbo Imaging and Bonfiglioli Transmissions is expected on October 21, after their subscription windows close on October 19.

Zetwerk Manufacturing and Sahajanand Medical Technologies are expected to list on the BSE and NSE on October 23. The reported listing schedules for Tonbo Imaging and Bonfiglioli Transmissions should be confirmed through official exchange announcements.

IPO Listings Next Week: HD Fire Protect, Vaibhav Vyapaar and Ravita Engineering

HD Fire Protect IPO listing: HD Fire Protect is scheduled to list on October 21. Its IPO, valued at approximately Rs 712 crore and received subscription of around 131 times.

Vaibhav Vyapaar IPO listing: The SME issue of Vaibhav Vyapaar is also scheduled to list on October 21. Investors should check the exchange announcement for the confirmed listing details.

Ravita Engineering Services IPO listing: Ravita Engineering Services is expected to list on October 22 after receiving subscription of approximately 6.6 times.