Mon Oct 21 04:59:43 UTC 2024: Here’s a summary of the important points from the news article regarding upcoming IPOs:

1. **Upcoming IPOs Announcement**: A total of nine IPOs are scheduled to open this week, including those from Waaree Energies, Deepak Builders and Engineers, Godavari Biorefineries, and Afcons Infrastructure.

2. **Waaree Energies IPO Details**:
– Size: ₹4,321.44 crore.
– Structure: Fresh issuance of ₹3,600 crore and an offer-for-sale (OFS) of 48 lakh shares from promoters and existing shareholders.
– Purpose: Funds will be used to establish 6 GW of manufacturing plants for ingot wafers, solar cells, and solar modules in Odisha and for general corporate purposes.

3. **Deepak Builders and Engineers IPO**:
– Size: ₹260 crore.
– Structure: Fresh issue of 1.07 crore shares and OFS of 21 lakh shares.
– Purpose: To repay borrowings, meet working capital needs, and general corporate purposes.

4. **Godavari Biorefineries IPO**:
– Size: ₹555 crore with a price band set between ₹334-₹352 per share.
– Structure: Comprised of a fresh issue of ₹325 crore and OFS of 65.27 lakh shares worth ₹230 crore.
– Purpose: Funds will be used for debt repayment and general corporate purposes.
– Open Dates: The IPO will be available from October 23 to October 25.

5. **Afcons Infrastructure IPO**:
– Size: ₹5,430 crore, consisting of a fresh issuance of equity shares worth ₹1,250 crore and an OFS of ₹4,180 crore.
– Purpose: Funds from the fresh issuance will support capital expenditures, long-term working capital requirements, debt repayment, and general corporate expenses.
– Closing Date: This IPO will close on October 29.

6. **Market Context**: This week’s IPOs are expected to contribute significantly to activity in the primary markets.

Overall, the article highlights a busy week for IPOs with multiple companies seeking to raise significant capital for various corporate needs.

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