IPO Frenzy: Check IPOs to Open This Week

The stock market is buzzing with excitement as several companies prepare to launch their initial public offerings (IPOs) this week. Investors are always on the lookout for fresh opportunities, and the upcoming IPOs present a unique opportunity to get in early on companies poised for growth. The IPO market is gearing up for the launch of 4 new public offerings from Waaree Energies, Deepak Builders, Afcons Infrastructure, and Godavari in the mainboard segment next week. In this blog, check out the IPOs opening this week

Waree Energies IPO

Waaree Energies IPO opens for subscription on October 21, 2024 and closes on October 23, 2024.

It is a book-built issue of ₹4,321.44 crores, which combines a fresh issue of 2.4 crore shares aggregating to ₹3,600.00 crores and an offer for sale of 0.48 crore shares aggregating to ₹721.44 crores. Waaree Energies IPO allotment is likely to be finalised on  October 24, 2024. Waaree Energies IPO price band has been set at ₹1427 to ₹1503 per share. As of October 21, 2024, at 10:32 AM, Waaree Energies IPO last GMP stood at ₹1,480, which signals a listing price of ₹2,983, indicating a gain/loss per share of 98.47%.

Deepak Builders & Engineers IPO

Deepak Builders & Engineers IPO opens for subscription on October 21, 2024 and closes on October 23, 2024. Deepak Builders & Engineers IPO allotment is likely to be finalised on October 24, 2024. Deepak Builders & Engineers IPO is a book-built issue of ₹260.04 crores. The issue is a combination of a fresh issue of 1.07 crore shares aggregating to ₹217.21 crore and an offer for sale of 0.21 crore shares aggregating to ₹42.83 crore. The price band for Deepak Builders & Engineers IPO has been set at ₹192 to ₹203 per share. 

Godavari Biorefineries IPO

Godavari Biorefineries IPO opens for subscription on October 23, 2024 and closes on October 25, 2024. Godavari Biorefineries IPO allotment has been scheduled for October 28, 2024. Godavari Biorefineries IPO is a book-built issue of ₹554.75 crores. The issue is a combination of a fresh issue of 0.92 crore shares aggregating to ₹325.00 crores and an offer for sale of 0.65 crore shares aggregating to ₹229.75 crores. Godavari Biorefineries IPO price band is set at ₹334 to ₹352 per share. 

Afcons Infrastructure IPO

Afcons Infrastructure IPO opens for subscription on October 25, 2024 and closes on October 29, 2024. Afcons Infrastructure allotment is likely to be finalised on October 30, 2024.  Afcons Infrastructure IPO is a book-built issue of ₹5,430.00 crores. It is a combination of a fresh issue of ₹1,250.00 crores and an offer for sale of ₹ 4,180.00 crores. The price band for Infrastructure IPO price bands are yet to be announced.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.