3 Upcoming IPOs This Week: All You Need To Know

In the dynamic world of finance, the primary market or Initial Public Offering (IPO) market is currently making headlines. Companies are gearing up to launch their IPOs, and the momentum in this space is rising. This week alone, we have three companies opening up for subscription.

Even more intriguing is that approximately 71 companies plan to enter the IPO arena in the second half of fiscal year 2024. Let’s delve into the details of these upcoming IPOs and explore what’s driving this surge.

Date	Company	Price Band	Lot Size
September 4 – 6	Ratnaveer Precision Engineering	Rs 93 – 98	150 Shares
September 6 – 8	Jupiter Life Line Hospitals Limited	Rs 695 – 735	20 Shares
September 8 – 12	EMS Limited	Rs 200 – 211	70 shares

IPO 1: Ratnaveer Precision Engineering – Shaping the Future in Stainless Steel

A Brief Introduction

Our journey into the world of IPOs begins with Ratnaveer Precision Engineering. This company specializes in manufacturing stainless steel products, primarily delivering a wide range of finished products, including sheets, washers, solar roofing hooks, pipes, and tubes.

IPO Details

IPO Date	September 4 – 6
Price Band	Rs 93 – 98
Lot Size	150 shares
Fresh Euity Issue	1.38 crore shares (Rs 135.24Cr)
Offer for Sale (OFS)	30.4 lakh shares (Rs 29.79 Cr)
Total Issue Size	1.68 crore shares (Rs 165.03 Cr)
QIB	50%
Retail	35%
Non-Institutional	15%

IPO Dates

Ratnaveer Precision Engineering’s IPO is scheduled to open on September 4 and close on September 6, offering investors a limited window to get in on the action.

Components of the IPO

The IPO consists of two components: a fresh equity issue of 1.38 crore shares and an offer for sale (OFS) of 30.4 lakh shares. Notably, the promoter, Vijay Ramanlal Sanghavi, will sell 30.4 lakh shares through the OFS.

Pricing and Bidding

Investors looking to participate in this IPO can bid within a price band of Rs 93 to Rs 98 per share. The minimum bid quantity is 150 shares in one lot, with multiples available afterward.

Allocation

Regarding allocation, approximately 50% of the IPO offer is reserved for qualified institutional buyers, 15% for non-institutional investors, and the remaining 35% for retail investors.

Objectives

The primary objectives behind Ratnaveer Precision Engineering’s IPO are to raise funds for working capital requirements and other general corporate purposes. Notably, for the fiscal year ending in March 2023, the company reported Revenue from operations totaling Rs 479.7 crore and a profit after tax amounting to Rs 25 crore. The gross margin was 11.83%, and the EBITDA margin stood at 9.8%.

Metrics	FY23	FY22	FY21
Revenue from operations (in mn)	4797.48	4268.38	3596.63
Gross Margin	11.83%	9.68%	8.82%
EBIDTA Margin	9.80%	6.81%	6.76%
Net Profit (in mn)	250.44	94.76	54.59
ROCE	12.62%	9.67%	10.33%

IPO 2: Jupiter Life Line Hospitals Limited – Pioneering Healthcare in the Western Region

A Glimpse into Jupiter Hospital

Our next contender in the IPO arena is Jupiter Life Line Hospitals Limited, which operates under the brand name Jupiter Hospital. This multi-specialty healthcare provider is known for its state-of-the-art technology, primarily serving the Western region of Mumbai.

IPO Details

IPO Date	September 6 – 8
Price Band	Rs 695 – 735
Lot Size	20 shares
Fresh Euity Issue	73.7 lakh shares (542 crores)
Offer for Sale (OFS)	44.5 lakh shares (327.08 crores)
Total Issue Size	869.08 crore
QIB	50%
Retail	35%
Non-Institutional	15%

IPO Dates

Investors eyeing this opportunity should mark their calendars for September 6, when Jupiter Hospital’s IPO opens for subscription. The subscription period will last for two days.

Components of the IPO

This IPO comprises fresh equity of 73.7 lakh shares, amounting to 542 crores, along with an offer for sale where the promoter will offload 44.5 lakh shares, totaling 327 crores.

Pricing and Bidding

The price band for Jupiter Hospital’s IPO ranges from Rs 695 to Rs 735 per share. With the higher price band, investors can start bidding for one lot, which will fetch them 20 shares.

Objectives

The primary objectives for this IPO are the repayment/prepayment of borrowings and general corporate purposes.

Metrics	FY23	FY22	FY21
Revenue from operations (in mn)	8925.43	7331.23	4861.64
EBIDTA Margin	23.45%	21.35%	14.54%
Net Profit (in mn)	729.05	511.28	-22.97
ROCE	20.94%	16.08%	6.07%
Average occupancy rate (%)	62.61%	53.96%	45.25%
Average Revenue per occupied bed	50,990	48,711	43,946

Financially, in FY23, the company reported Revenue from operations totaling Rs 892.5 crore and a profit of 72.9 crore. The EBITDA margin stood at an impressive 23.45%.

IPO 3: EMS Limited – Nurturing the Environment with Water and Wastewater Services

Introduction to EMS Limited

Our final player in the IPO game is EMS Limited, previously known as EMS Infracon. This company provides water and wastewater collection, treatment, and disposal services.

IPO Details

IPO Date	September 8 – 12
Price Band	Rs 200 – 211
Lot Size	70 shares
Fresh Euity Issue	146.24 crores
Offer for Sale (OFS)	175 crores
Total Issue Size	321.24 crores
QIB	50%
Retail	35%
Non-Institutional	15%

IPO Dates

EMS Limited’s IPO is set to open later this week, on September 8, and will run until the 12th.

Components of the IPO

The IPO will comprise a fresh equity issue of 146.24 crores and an offer for sale by the promoter group of 175 crore rupees.

Pricing and Bidding

Investors interested in this IPO can bid within a price band of Rs 200 to 211 per share. The minimum bid quantity is 70 shares in one lot, with multiples available afterward.

Objectives

Like the other IPOs, EMS Limited aims to raise funds for working capital requirements and general corporate purposes. Financially, for the fiscal year ending in March 2023, the company reported Revenue from operations totaling Rs 538.16 crore and a profit after tax amounting to Rs 108 crore. Notably, the EBITDA margin stood at a robust 27.69%.

Metrics	FY23	FY22	FY21
Revenue from operations (in lakhs)	53,816.17	35,985.08	33,070.39
EBIDTA Margin	27.69%	31.27%	29.91%
Net Profit (in lakhs)	10,861.63	7,904.62	7,195.37
ROCE	28.26%	29.50%	33.65%

Key Takeaways

In conclusion, the primary market is abuzz with activity in the year’s second half, with several new public offerings. This week alone, we’ve explored three IPOs set to open for subscription, and they are just the tip of the iceberg. The positive investor sentiment, driven by strong secondary market performance, fuels this IPO wave. With a promising pipeline for the rest of the year, it’s clear that the IPO market is in full swing.

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IPOs | Current IPOs | Upcoming IPOs | Listed IPOs | Closed IPOs | IPO Performers

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Read more:  How Long-term investing helps create life-changing wealth – TOI.