India’s primary market is gearing up for a flurry of activity as six initial public offerings (IPOs) are set to launch between December 16 and December 20. These include three mainboard IPOs and three SME IPOs, alongside the market debut of 12 new stocks, promising a week of excitement for investors.
Last Week’s Momentum Continues
The previous week witnessed robust participation with seven SME IPOs and five mainboard IPOs garnering significant investor interest. These stocks are poised to debut on domestic exchanges in the coming week, adding to the market buzz.
Upcoming Mainboard IPOs
Mamata Machinery IPO
- Issue Size: ₹179 crore (OFS)
- Subscription Period: December 19 – December 23
- Expected Listing: December 27
This IPO comprises an offer for sale (OFS) of 74 lakh shares. Beeline Capital Advisors Pvt Ltd is the lead manager.
Transrail Lighting IPO
- Issue Size: ₹400 crore (Fresh Issue + OFS)
- Subscription Period: December 19 – December 23
- Expected Listing: December 27
Transrail Lighting’s ₹400 crore fresh issue, along with an OFS of 1.02 crore shares, is managed by Inga Ventures, Axis Capital, and HDFC Bank.
Ventive Hospitality IPO
- Issue Size: ₹1,600 crore (Fresh Issue)
- Subscription Period: December 20 – December 24
- Expected Listing: December 30
This entirely fresh equity issue aims to reduce company debt. JM Financial and Axis Capital are among the lead managers.
SME IPOs to Watch
NACDAC Infrastructure IPO
- Issue Size: ₹10 crore (Fresh Issue)
- Subscription Period: December 17 – December 19
- Expected Listing: December 24
Identical Brains Studios IPO
- Issue Size: ₹20 crore (Fresh Issue)
- Subscription Period: December 18 – December 20
- Expected Listing: December 26
Newmalayalam Steel IPO
- Issue Size: ₹42 crore (Fresh Issue)
- Subscription Period: December 19 – December 23
- Expected Listing: December 27
12 New Listings on the Horizon
The week also brings 12 new stock listings across exchanges. Highlights include Mobikwik Systems and Vishal Mega Mart, which recorded subscription rates of 119.38x and 27.28x, respectively.
Investor Takeaway
India’s primary market is buzzing with opportunity. From large-scale mainboard offerings to niche SME IPOs, investors can anticipate high volatility and diverse prospects. Stay tuned for updates as these IPOs unfold.
Summary:
India’s primary market is set for a busy week with six IPOs launching between December 16 and December 20, including three mainboard and three SME IPOs. Additionally, 12 new stocks will debut on exchanges. The momentum from last week’s IPO activity continues, offering investors opportunities across segments, accompanied by high market anticipation and volatility.
