The biggest offering comes from Vikran Engineering, which will open its Rs 772 crore IPO on August 26. The price band has been fixed at Rs 92–97 per share and the issue will close on August 29.
The engineering, procurement and construction (EPC) company plans to use the proceeds mainly for working capital needs and general corporate purposes.
Another notable mainboard issue is Anlon Healthcare, which is seeking to raise Rs 121 crore in the same window, with shares priced in the range of Rs 86–91.
The SME segment will see a flurry of smaller floats. Globtier Infotech and NIS Management will open their books on August 25, with issue sizes of Rs 31 crore and Rs 60 crore respectively. Both will close on August 28.
A day later, on August 26, three more SME IPOs will open — Current Infraprojects (Rs 41.8 crore), Sattva Engineering Construction (Rs 35.4 crore), and the larger Vikran Engineering and Anlon Healthcare issues. All will shut on August 29.On August 28, Oval Projects Engineering will hit the market, followed by three issues on August 29 — Sugs Lloyd (Rs 85.7 crore), Snehaa Organics (Rs 32.7 crore) and Abril Paper Tech (Rs 13.4 crore). These will close on September 2.While fundraising activity has remained strong throughout the year, market observers note that the clustering of issues could test retail liquidity even as institutional appetite stays firm.The spotlight, however, will be on how the mainboard offerings from Vikran Engineering and Anlon Healthcare fare, given their size and sectoral positioning.
