Dalal Street week ahead: Two IPOs, 4 stocks to debut next week

Two initial public offerings (IPOs) will begin accepting subscribers next week, and four stocks will begin trading on Dalal Street.

On August 10, only TVS Supply Chain Solutions, a provider of services related to supply chain management, will launch an initial public offering on the mainboard. The issue opening is on August 9 and the anchor book will be open for one day. The closing date is August 14.

Omega TC Holdings and Tata Capital Financial Services, among others, are selling a combined 1.42 billion equity shares as part of the public issue, which totals Rs 600 billion. The company has not yet disclosed the expected price range.

The funds raised in the new issue will be used primarily to reduce outstanding debt and for other general corporate purposes.

Srivari Spices and Foods, a small and medium-sized enterprise, will be the second company to go public. Offer bidding will take place from August 7 to 9, and the price range per share will be between Rs 40 and Rs 42.

The spice and flour maker's public issue would only consist of a new issue of 21.42 lakh equity shares, but it will still aim to raise Rs 9 crore.

The monies will be used for the company's working capital needs and other general corporate objectives.

Other IPOs concluding this week include SBFC Finance's Rs 1,025-crore public issue on August 7 and Concord Biotech's Rs 1,551-crore offer backed by the late Rakesh Jhunjhunwala's RARE Trusts on August 8.

While the initial public offering (IPO) of Concord Biotech was subscribed 58% on its debut, the public issue by SBFC Finance has so far been subscribed 7.09 times in the last two days.

SME providers Yudiz Solutions, which offers IT solutions and consultation services, and Sangani Hospitals, which offers a wide range of medical specialties in the Indian state of Gujarat, will both close their public issues on August 8. Both have received almost 80% of their target subscriptions.