The primary market will remain busy in the final week of the calendar year, with two tranches of public offerings open for subscription and two tranches listed.

The public sale of Radiant Cash Management Services will also begin next week and run until December 27. The offer launched on December 23.

The retail cash management services provider aims to raise Rs 388 crore through a public offering of 3.91 crore shares at the upper end of the price range of Rs 94-99 per share. The IPO consisted of a new share issue worth Rs 60 crore and an offer for sale (OFS) of Rs 328 crore from promoters and investors.

So far, 4% of offers have been subscribed, with 6% subscribed in the retail segment and 5% subscribed by qualified institutional buyers (QIB).

Sah Polymers will be the last initial public offering (IPO) of this calendar year, which begins on December 30 and ends on January 4. The bulk packaging solutions provider will announce price ranges next Monday.

Sah Polymers’ IPO includes 1.02 crore shares and is brand new. The firm reserves 75% of the offer for QIBs, 15% for high-net-worth individuals (HNIs) and the remaining 10% for retail investors.

The company plans to use the proceeds of the new offering to establish a new manufacturing facility to produce flexible intermediate bulk containers (FIBCs), repay debt, working capital needs and general corporate purposes.

Technology-enabled financial services platform KFin Technologies is expected to debut on December 29 after completing 2.59 times subscribed Rs 1,500 crore public offering on December 21.

The company will complete the rights issue on December 26, refunds to unsuccessful investors on December 27 and transfer shares to qualified investors on December 28.

Electronics manufacturing service provider Elin Electronics will also go public next week, December 30. The Rs 475 crore public offer closed on December 22 with a 3.09 times subscription.

Elin’s IPO stock allocation will take place on December 27. The company will refund unsuccessful participants by December 28, while shares will be credited to accredited investors by December 29.

For the primary market, 2022 has been a bumper year, with investors seeing 40 successful IPOs worth over Rs 60,000 crore despite massive volatility in the secondary market.

But those figures are lower than in 2021, when 65 public offerings raised Rs 1.31 lakh crore, a record for capital raised in a single year.

Looking ahead, around 50 companies have received SEBI’s observations on their IPOs, which may be issued in the calendar year 2023. These companies include Yatra Online, Fab India, Wellness Forever, Signature Global, Balaji Specialty Chemicals, Utkarsha Small Finance Bank, Pizza Wires, Droom Technology, Navi Technologies, PKH Ventures, Bharat EIH, Macleods Pharma, Aadhar Housing Finance, TVS Supply Chain Solutions, Allied Blenders and Distillers, Divgi Torqtransfer Systems and IKIO Lighting, among others.