7 IPOs Set To Open Next Week, Raising Over ₹1,900 Crore

India's primary market is set for another busy week, with seven initial public offerings (IPOs) scheduled to open for subscription.

Three mainboard issues, including Purple Style Labs, Deepa Jewellers, and Rays of Belief, aim to collectively raise more than ₹1,265 crore. Purple Style Labs' IPO will open on August 31 and close on September 2, with a price band of ₹546-₹575 per share. The company plans to raise ₹680 crore through a fresh issue of 1.18 crore shares.

Rays of Belief's IPO will open on September 1 and close on September 3, with a price band of ₹227-₹239 per share. The company plans to raise ₹125 crore through a fresh issue of 52 lakh shares. Deepa Jewellers' IPO will also run from September 1 to September 3, with a price band of ₹168-₹177 per share. The company plans to raise ₹459.72 crore, including a fresh issue worth ₹250 crore and an offer-for-sale (OFS) of ₹209.72 crore.

In addition to these mainboard issues, four SME IPOs will also open for bidding. Ashutosh Fibre's IPO will open from August 31 to September 2, with a price band of ₹87-₹92 per share. The company plans to raise ₹56.35 crore through a fresh issue of 61.25 lakh shares. Shanti Inorganics will raise ₹47.24 crore through a fresh issue of around 57 lakh shares, with bidding running from August 31 to September 2 at ₹79-₹83 per share.

Phychem Technologies' ₹14.58-crore IPO will also open on August 31 and close on September 2, with a price band of ₹51-₹54 per share. The fresh issue comprises 27 lakh shares. Farm Peace IPO will run from September 1 to September 3, with the company planning to raise ₹32 crore through a fresh issue of 54.24 lakh shares at a fixed price of ₹59 each.

The primary market will remain active, with several recently concluded issues moving towards their stock market listings. The upcoming IPOs are expected to generate significant interest among investors, with the companies aiming to raise over ₹1,900 crore in total.

The IPOs are a positive sign for the Indian economy, indicating a growing interest in the stock market and a willingness among companies to raise capital through public issues. The success of these IPOs will depend on various factors, including market conditions and investor sentiment.

In conclusion, the upcoming IPOs are expected to be a major event in the Indian stock market, with several companies aiming to raise significant amounts of capital. Investors are advised to carefully evaluate the prospects of each company and make informed investment decisions.