Upcoming IPOs Next Week: 3 Mainboard & 3 SME Public Issues To Go Live; 12 New Listings On Charts

India's primary market is set to witness a flurry of activity next week, with six Initial Public Offerings (IPOs) and 12 stock listings slated to make headlines between Monday, December 16, and Friday, December 20. The upcoming IPOs-three mainboard and three SME offerings-promise opportunities for investors.

This surge in activity follows a robust performance in the primary market last week, where seven SME IPOs and five mainboard IPOs concluded their subscription periods. These companies are now preparing to debut on the bourses.

Upcoming IPOs

Mainboard IPOs

Mamata Machinery IPO

The Mamata Machinery IPO, a Rs 179 crore book-built issue, will open for subscription on Thursday, December 19, and remain open until Monday, December 23. This offering is entirely an Offer for Sale (OFS) of approximately 74 lakh shares, with no fresh issuance involved.

The share allotment is expected to be finalized on Tuesday, December 24, paving the way for listing on the BSE and NSE on Friday, December 27. Beeline Capital Advisors Pvt Ltd is the book-running lead manager, and Link Intime India Private Ltd is the registrar.

Transrail Lighting IPO

Combining a fresh issue of Rs 400 crore with an OFS of 1.02 crore shares, the Transrail Lighting IPO opens for subscription on December 19 and closes on December 23. The allotment process is likely to conclude by December 24, with the listing expected on December 27.

Key book-running lead managers include Inga Ventures Pvt Ltd, Axis Capital Limited, HDFC Bank Limited, and IDBI Capital Market Services Limited. Link Intime India Private Ltd serves as the registrar.

Ventive Hospitality IPO

The Rs 1,600 crore book-built issue, exclusively a fresh issuance, will open on Friday, December 20, and conclude on Tuesday, December 24. Share allotment is scheduled for Thursday, December 26, with a tentative listing date of Monday, December 30, on both the BSE and NSE.

JM Financial Limited, Axis Capital Limited, HSBC Securities & Capital Markets Pvt Ltd, ICICI Securities Limited, and others are the book-running lead managers, while Kfin Technologies Limited is the registrar.

SME IPOs

NACDAC Infrastructure IPO

This fresh issue aims to raise Rs 10 crore through 28.60 lakh shares, opening on Tuesday, December 17, and closing on Thursday, December 19. Share allotment is expected on Friday, December 20, with a listing on the BSE SME platform on Tuesday, December 24. GYR Capital Advisors Private Limited and Maashitla Securities Private Limited manage the issue.

Identical Brains Studios IPO

Targeting Rs 20 crore through a fresh issue of 36.94 lakh shares, this IPO opens on Wednesday, December 18, and closes on Friday, December 20. The allotment is anticipated on Monday, December 23, with a listing on the NSE SME platform on Thursday, December 26. Socradamus Capital Private Limited is the lead manager, and Bigshare Services Pvt Ltd is the registrar.

Newmalayalam Steel IPO

This fresh issue of 46.40 lakh shares aims to raise approximately Rs 42 crore. The IPO opens on Thursday, December 19, and closes on Monday, December 23. The allotment is likely on December 24, with a listing on the NSE SME platform on December 27. Khandwala Securities Limited is the lead manager, while Kfin Technologies Limited handles the registrar duties.

12 New Listings To Watch

The upcoming week will also see 12 companies making their stock market debuts, promising a dynamic trading environment:
Monday, December 16: Dhanlaxmi Crop Science will be listed on the NSE SME platform.
Tuesday, December 17: Toss The Coin and Jungle Camps India will debut on the BSE SME platform.
Wednesday, December 18: A bumper day with five listings, including Vishal Mega Mart, One Mobikwik Systems, and Sai Life Sciences on the NSE and BSE, alongside Purple United Sales and Supreme Facility Management on the NSE SME.
Thursday, December 19: Inventurus Knowledge Solutions is set to debut on the NSE and BSE, while Yash Highvoltage will list on the BSE SME platform.
Friday, December 20: International Gemmological Institute (India) will debut on the NSE and BSE, and Hamps Bio will be listed on the BSE SME.

Recent IPOs

Last week's primary market activity saw significant oversubscriptions:
Mobikwik IPO: Oversubscribed by a staggering 119.38 times
Vishal Mega Mart IPO: Booked 27.28 times.
Hamps Bio IPO: Witnessed nearly 11 times oversubscription on the very first day of its offering.

Market Sentiment

The heightened activity in the IPO space is a testament to investor confidence in India's equity markets. The surge in primary market participation aligns with broader market recovery trends, bolstered by easing inflation, favourable macroeconomic data, and expectations of a US Federal Reserve rate cut.

For investors, the offerings present opportunities to explore sectors ranging from hospitality and infrastructure to technology and steel manufacturing. However, a prudent approach, emphasizing company fundamentals, growth prospects, and issue valuations, remains crucial.

With six IPOs and 12 listings on the horizon, the Indian stock market is poised for a bustling week. From high-profile mainboard offerings like Mamata Machinery and Transrail Lighting to promising SME IPOs such as Identical Brains Studios and Newmalayalam Steel, the primary market offers an array of investment options.