Upcoming IPOs: Ather Energy, 4 SME public offers to open for subscription this week; check list and key details

The SME offers are Iware Supplychain Services, Arunaya Organics, Kenrik Industries, and Wagons Learning.

IPOs opening this week; check list

Ather Energy IPO

The ₹2,981-crore initial share sale, with a price band of ₹304 to ₹321 per share, will be live from April 28 to April 30.

It is a mix of fresh issuance of shares valued at ₹2,626 crore and an offer-for-sale (OFS) component of 1.1 crore equity shares by promoters and other shareholders.

The funds raised will be utilised for capital expenditure to establish an electric two-wheeler plant in Maharashtra, clear debt, investment in research and development (R&D), marketing initiatives, and corporate general purposes.

A lot size consists of 46 shares, requiring a minimum investment of ₹13,984.

On Friday, the electric two-wheeler manufacturer raised ₹1,340 crore from anchor investors such as Custody Bank of Japan, Abu Dhabi Investment Authority, Eastspring Investments, Societe Generale, Morgan Stanley Investment Management, PSBI Mutual Fund (MF), ICICI Prudential MF, Aditya Birla Sun Life MF, Aditya Birla Sun Life Insurance, Invesco MF, ITI MF, and Union MF.

Iware Supplychain Services IPO

The public offer of Iware Supplychain Services is a completely fresh issue of 28.56 lakh shares aggregating to 27.13 crore. It is a fixed-price issue at ₹95 per share.

Arunaya Organics IPO

The ₹33.99 crore book-building issue is a combination of a fresh issuance of 52.60 lakh shares as well as an offer for sale of 3.48 crore. It has set a price range of ₹55 to ₹58 per share.

Kenrik Industries IPO

Kenrik Industries's fixed price issue, which is solely a fresh issuance of shares valued at ₹8.75 crore, has an IPO price of ₹25 per share.

Wagons Learning IPO

The ₹38.38 crore Wagons Learning IPO is a mix of a fresh issue of ₹25.26 crore and an offer-for-sale (OFS) of ₹13.12 crore. Its price range has been set at ₹78 to ₹82 per share.