Six Upcoming IPOs Set to Make Waves on Dalal Street: Here's the Latest Scoop

The week is gearing up for an IPO bonanza as six companies are poised to hit Dalal Street, collectively aiming to raise over ₹500 crore through their initial public offerings. Notable names such as Fonebox Retail, DelaPlex, and Docmode Health Technologies are set to close their offerings on January 30, having commenced on January 25. Let's dive into the details of the six IPOs scheduled to open this week:

1. BLS E-Services IPO

   • Opening Date: January 30
   • Price Band: ₹129-135 per share
   • Fundraising Target: ₹310.9 crore
   • Offer Details: The technology-enabled digital service provider plans to raise funds through a fresh issue of 2,30,30,000 equity shares. The IPO will conclude on February 1.

2. Megatherm Induction IPO

   • Opening Date: January 29
   • Price Band: ₹100-108 per share
   • Fundraising Target: ₹53.91 crore
   • Offer Details: Megatherm Induction, a manufacturer of induction heating and melting products, is set to raise funds through a fresh issue of 49.92 lakh equity shares. The IPO will close on January 31.

3. Harshdeep Hortico IPO

   • Opening Date: January 29
   • Price Band: ₹42-45 per share
   • Fundraising Target: ₹19.09 crore
   • Offer Details: Harshdeep Hortico, known for manufacturing and supplying pots and planters, aims to raise funds through the issue of 42.42 lakh equity shares. The subscription window runs from January 29 to January 31.

4. Mayank Cattle Food IPO

   • Opening Date: January 29
   • Price: Fixed at ₹108 per share
   • Fundraising Target: ₹19.44 crore
   • Offer Details: Mayank Cattle Food, a Gujarat-based oil company, plans to raise funds through a fixed price issue. The IPO opens on January 29.

5. Baweja Studios IPO

   • Opening Date: January 29
   • Price Band: ₹170-180 per share
   • Fundraising Target: ₹97.2 crore
   • Offer Details: Baweja Studios, the largest among the IPOs this week, is a commercial films production company aiming to raise funds through a price band of ₹170-180 per share. The subscription window opens on January 29.

6. Gabriel Pet Straps IPO

   • Opening Date: January 31
   • Price: Fixed at ₹101 per share
   • Fundraising Target: ₹8.06 crore
   • Offer Details: Gabriel Pet Straps is set to open its fixed price issue on January 31, with plans to gather ₹8.06 crore through the issuance of shares priced at ₹101 each.

As the IPO excitement unfolds, investors are keeping a close watch on these offerings that span various sectors and present unique opportunities for market participants."