The Indian primary market is set to catch its breath next week with a lighter schedule, featuring only two new Initial Public Offerings (IPOs). Following a busy stretch, investors can look forward to the Garuda Construction and Engineering IPO and the Shiv Texchem IPO, which will open for subscription. These IPOs offer unique opportunities for investors, with one targeting the mainboard segment and the other entering the SME market.
Mahavir Lunawat, Managing Director of Pantomath Capital Advisors Pvt Ltd, noted, "We had predicted this IPO trend at the beginning of the year. With more than ₹1.5 lakh crores raised via IPOs this year, we are seeing an increasing number of growth-stage businesses hitting the market, alongside multi-nationals tapping into the Indian capital market. With monthly mutual fund flows nearing ₹40,000 crores, market liquidity has driven this capital market buoyancy."
Here’s a breakdown of the IPOs open for subscription next week, along with upcoming listings.
IPOs Opening for Subscription
Garuda Construction and Engineering IPO
- Subscription Dates: October 8 - October 10, 2024
- Issue Size: ₹264.10 crores (Fresh Issue: ₹173.85 crores, Offer for Sale: ₹90.25 crores)
- Price Band: ₹92 - ₹95 per share
- Book-Running Lead Manager: Corpwis Advisors Private Limited
- Garuda Construction will make its mainboard debut next week, offering a mix of fresh equity and shares from existing promoters. Investors can look forward to a competitive price band for this construction giant.
Shiv Texchem IPO
- Subscription Dates: October 8 - October 10, 2024
- Issue Size: ₹101.35 crores (Fresh Issue)
- Price Band: ₹158 - ₹166 per share
- Book-Running Lead Manager: Vivro Financial Services Private Limited
- Market Maker: Rikhav Securities
- Registrar: Link Intime India Private Ltd
Khyati Global Ventures IPO
- Subscription Dates: October 4 - October 8, 2024
- Issue Size: ₹18.30 crores (Fresh Issue: ₹10.38 crores, Offer for Sale: ₹7.92 crores)
- Price: ₹99 per share
Already open for subscription, Khyati Global Ventures is a fixed-price IPO offering in the SME space, looking to raise funds for strategic initiatives and expansion.
Upcoming IPO Listings
Several IPOs are set to list on the Indian stock exchanges next week, providing investors with new opportunities across various sectors.
HVAX Technologies IPO
- Listing Date: October 7, 2024
- Exchange: NSE SME
After completing its allotment on October 3, HVAX Technologies is ready to list on the SME platform.
Saj Hotels IPO
- Listing Date: October 7, 2024
- Exchange: NSE SME
Saj Hotels, with allotments completed on October 3, is set to debut on the NSE SME platform.
Subam Papers IPO
- Listing Date: October 8, 2024 (Tentative)
- Exchange: BSE SME
Subam Papers is scheduled for a tentative listing on the BSE SME, following its allotment on October 4.
Paramount Dye Tec IPO
- Listing Date: October 8, 2024 (Tentative)
- Exchange: NSE SME
Paramount Dye Tec, another SME listing, is set to make its debut on the NSE platform after allotment.
NeoPolitan Pizza and Foods IPO
- Listing Date: October 9, 2024 (Tentative)
- Exchange: BSE SME
Investors can look forward to the listing of NeoPolitan Pizza and Foods on October 9, following final allotment procedures. Khyati Global Ventures IPO
- Listing Date: October 11, 2024 (Tentative)
- Exchange: BSE SME
Khyati Global Ventures is expected to list on the BSE SME after allotments are completed.
Conclusion
With two IPOs opening for subscription and six IPOs set to list on the SME platform, the coming week offers investors various opportunities to explore new investments. Keep an eye on these public issues to stay ahead of the curve and take advantage of potential market gains.
