Synopsis: The Indian primary market is gearing up for one of its busiest weeks, with 26 IPOs — including 10 mainboard and 16 SME issues — opening for subscription. From renewable energy to FMCG, investors will find opportunities across diverse sectors.
The Indian IPO market is set for a blockbuster week between September 22 and September 30, as 26 companies prepare to open their subscription windows. Out of these, 10 mainboard IPOs and 16 SME issues will provide investors with multiple avenues to explore — from established names to emerging firms.
Mainboard IPO Highlights
- Atlanta Electricals: Rs 687 crore (Rs 400 crore fresh issue + Rs 287 crore OFS), price band Rs 718–754; subscription: Sept 22–24.
- Ganesh Consumer Products: Rs 409 crore (Rs 130 crore fresh + Rs 279 crore OFS), price band Rs 306–322; subscription: Sept 22–24.
- Anand Rathi Share: Rs 745 crore fresh issue, price band Rs 393–414; subscription: Sept 23–25; likely listing on Sept 30.
- Seshaasai Technologies: Rs 813 crore (Rs 480 crore fresh + Rs 333 crore OFS); subscription: Sept 23–25.
- Jaro Institute: Rs 450 crore (Rs 170 crore fresh + Rs 280 crore OFS); subscription: Sept 23–25.
- Solarworld Energy Solutions: Rs 490 crore IPO, price band Rs 333–351.
- Epack Prefab Technologies: Rs 504 crore (Rs 300 crore fresh + Rs 204 crore OFS).
- BMW Ventures: Fresh issue of 2.34 crore shares.
- Jain Resource Recycling: Rs 1,250 crore (Rs 500 crore fresh + Rs 750 crore OFS) — largest IPO of the week.
- Jinkushal Industries: Rs 116 crore IPO, price band Rs 115–121.
SME IPO Line-Up
SME investors will also see plenty of action with 16 IPOs opening. Some key issues include:
- Solvex Edibles: Rs 18.87 crore at Rs 72/share.
- Prime Cable Industries: Rs 40.01 crore, price band Rs 78–83.
- Ecoline Exim: Rs 76.42 crore, price band Rs 134–141.
- NSB BPO Solutions: Rs 77.91 crore, price band Rs 140–147.
- Matrix Geo Solutions: Rs 40.20 crore, price band Rs 98–104.
- True Colors: Rs 127.96 crore, price band Rs 181–191.
- Aptus Pharma: Rs 13.02 crore, price band Rs 65–70.
- BharatRohan Airborne Innovations: Rs 45.04 crore, price band Rs 80–85.
Smaller IPOs like Praruh Technologies, Gurunanak Agriculture, Riddhi Display Equipments, Justo Realfintech, Systematic Industries, Chatterbox Technologies, Bhavik Enterprises, and DSM Fresh Foods will also hit the markets during this period with price bands ranging from Rs 60 to Rs 195.
Upcoming Listings
Apart from fresh issues, several companies are ready for listing next week:
- TechD Cybersecurity (Sept 22)
- Euro Pratik Sales (Sept 23)
- VMS TMT, Sampant Aluminium (Sept 24)
- iValue Infosolutions, JD Cables (Sept 25)
- Saatvik Green Energy, GK Energy, Siddhi Cotspin (Sept 26)
With this heavy line-up, the week promises to be one of the most active in 2024 for the Indian primary market, offering diverse opportunities to retail and institutional investors alike.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Investors are advised to consult with their financial advisors before making investment decisions.
