Upcoming IPOs: 3 Mainboard Public Offerings To Hit Market Next Week - All Details

Upcoming IPOs: The IPO season is heating up, with three major companies -- Waaree Energies, Deepak Builders, and Godavari Biorefineries -- set to launch their initial public offerings next week. Along with these mainboard IPOs, five SME firms are also bringing their issues to the market. Additionally, the stock market will witness the listing of Hyundai India and two other companies next week.

Upcoming IPOs Waaree Energies IPO: Subscription DatesThe subscription window for the public offering will be available from October 21 to October 23. Waaree Energies IPO: Price BandThe price band of Waaree Energies is Rs 1,427 to Rs 1,503 per share. What Is The Purpose Of Waree Energies IPO?Waaree Energies, India’s largest solar PV module manufacturer, will use the IPO proceeds to establish a 6 GW manufacturing facility in Odisha. This facility will produce ingots, wafers, solar cells, and PV modules. A portion of the funds will also be allocated for general corporate purposes. Who Are Lead Managers?Axis Capital, Jefferies India, SBI Capital Markets, IIFL Securities, Nomura, Intensive Fiscal Services, and ITI Capital. Deepak Builders IPO: Subscription DatesThe subscription for the public offering is going to open on October 21 and it will be closed on October 23. Deepak Builders IPO: Price BandThe price band of the IPO is Rs 192 to Rs 203 per share. Deepak Builders IPO: What It Will Feature?The IPO of engineering and construction firm Deepak Builders will feature a mix of fresh equity worth Rs 217 crore and an offer for sale (OFS) of 21 lakh shares by existing shareholders. Deepak Builders IPO: Allocation ReservationThe public offering is reserved 50 per cent for Qualified Institutional Buyers (QIBs) and 35 per cent for the retail investors. Non-institutional investors are allotted 15 per cent of the total offering. Deepak Builders IPO: Lot SizeInvestors can bid in lots of 73 shares. Deepak Builders IPO: Purpose Of FundraiseThe funds raised will be used for working capital (Rs 95 crore) and debt repayment (Rs 30 crore). About Deepak Builders IPODeepak Builders is known for executing projects such as administrative buildings, hospitals, sports complexes, and residential developments. Godavari Biorefineries IPO: Subscription DatesThe subscription dates for the public offering is from October 23 to October 25. Godavari Biorefineries IPO: Price BandThe price band of the IPO is Rs 334 to Rs 352 per share. Godavari Biorefineries IPO: Issue SizeThe total issue size of the public offering is Rs 555 crore. Godavari Biorefineries will raise Rs 325 crore through fresh equity and offer 6.53 million shares through an OFS by existing shareholders. Godavari Biorefineries IPO: Purpose of FundraiseThe funds will be used to pay off Rs 240 crore of the company’s debt. Godavari Biorefineries IPO: Allotment And Listing DateThe IPO process will kick off with anchor bidding on October 22, followed by final allotment on October 28. Refunds and credit of shares are expected on October 29, and the listing will take place on October 30. Godavari Biorefineries IPO: Lead ManagersThe lead managers for the public offering are Equirus Capital and SBI Capital Markets.