IPO Calendar: 8 IPOs, 11 listings investors need to watch out for next week

After a brief lull, the mainboard IPO market will see the public offer of Akums Drugs and Pharmaceuticals opening for subscription next. Further, seven other companies are also planning to launch their issues in the SME segment.

Apart from the above, the Street will see as many as 11 listings, all of which will debut on the SME platforms of respective exchanges.

Analysts said India's capital markets are playing a vital role in the country's growth, thanks to advancements in technology, innovation, and digitization.

"Both domestic and global investors are showing significant interest in the Indian stock market, making it an attractive destination for investment. This interest, along with sustained activity in IPOs, has propelled the Indian market to become the fifth largest in the world by market capitalization in the fiscal year 2024," said Pantomath Capital.

Here's what to look for on the IPO table next week

Akums Drugs and Pharma IPO

The Rs 1,857 crore initial public offer (IPO) of Delhi-based Akums Drugs and Pharmaceuticals will open for subscription on July 30 and close on

The IPO, which comprises fresh issue of shares worth Rs 680 crore and an offer for sale (OFS) of up to 1.73 crore shares, is priced in the range of Rs 646-679.

The net proceeds of the IPO will be utilized towards the repayment of debt and its subsidiaries, funding incremental working capital requirements, pursuing inorganic growth initiatives through acquisitions and general corporate purposes.

Akums is among the largest domestic market-focused Indian CDMOs on a revenue basis serving IPM, with a market share of 9.3% by value in FY23 in the total addressable Indian domestic CDMO market and 8.8% by volume in the total IPM market in FY23.

In the Indian domestic CDMO market, the company had a market share of 29.4% by value in FY23, which increased from 26.7% in FY2.

Axis Capital, ICICI Securities, Citigroup Global Markets India and Ambit are the book running lead managers to the issue, while Link Intime India is the registrar to the offer.

SME segment

About 5 SME IPOs --- Bulkcorp International, Sathlokhar Synergys, Kizi Apparels, Ashapura Logistics, Rajputana Industries -- will open for subscription on July 30 and close on August 1.

Sathlokhar Synergys' Rs 93 crore IPO is the biggest of the lot, closely followed by Ashapura Logistics, which is planning to raise around Rs 52.66 crore.

Further, the public offers of Utssav Gold and Dhariwalcorp will open for subscription on July 31 and August 1, respectively.

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