Upcoming IPOs Next Week: 1 Mainboard & 1 SME Public Issues To Go Live; 6 New Listings On Table

As 2024 draws to a close, the Indian primary market continues to boom, with several IPOs and listings lined up to cap off an eventful year. The activity in the IPO market this year reflects a thriving landscape, offering investors opportunities to participate in public issues.

According to a report by Motilal Oswal Financial Services, equity issuances in the Indian IPO market surged approximately 2.6 times in 2024 compared to the previous year. This growth is attributed to robust fund inflows and a broader diversification across sectors, marking a departure from past trends where IPOs were dominated by specific or emerging sectors.

Upcoming IPOs

Indo Farm Equipment IPO

Indo Farm Equipment's mainboard IPO, valued at Rs 260 crore, is set to launch on December 31 and close on January 2. Anchor investors will have the opportunity to bid on December 30. The offering includes a fresh issue of 86 lakh equity shares and an offer for sale (OFS) of 35 lakh shares by promoter Ranbir Singh Khadwalia.

The proceeds from the fresh issue will be utilized to establish a new dedicated unit to enhance the manufacturing capacity for pick-and-carry cranes, repay existing debts, and boost the capital base of its NBFC subsidiary, Barota Finance, to meet future capital requirements.

Technichem Organics IPO

The SME segment will witness Technichem Organics' IPO opening on December 31 and closing on January 2. The price band has been set at Rs 52-55 per equity share with a face value of Rs 10 each. Investors can bid for a minimum lot size of 2,000 shares.

The IPO comprises a fresh issue of 45.9 lakh equity shares, aggregating Rs 25.25 crore. The funds will be directed towards capital expenditure for a new facility, settlement of outstanding obligations, and general corporate purposes.

Standard Glass Lining Technology IPO

Details regarding the price band for Standard Glass Lining Technology's mainboard IPO are expected to be announced on December 30. Investors are awaiting further updates about this offering.

Ongoing IPOs

Anya Polytech & Fertilizers IPO

Open for subscription since December 26, this SME IPO will close on December 30. Priced between Rs 13 and Rs 14 per equity share with a face value of Rs 2 each, the offering has seen a strong response, with a subscription status of 28.61 times as of the second bidding day.

Citichem India IPO

Having opened for subscription on December 27, Citichem India's IPO will remain active until December 31. Priced at Rs 70 per equity share with a face value of Rs 10, it has achieved a subscription status of 27.28 times on its first bidding day.

New Listings

Several companies are poised to debut on the stock exchanges, marking the culmination of their public offerings:
December 30: Ventive Hospitality, Senores Pharmaceuticals, and Carraro India shares will be listed on the BSE and NSE.
December 31: Unimech Aerospace and Manufacturing will debut, adding to the New Year's Eve market excitement.
January 2, 2025: Anya Polytech & Fertilizers shares will be listed on the NSE SME exchange.
January 3, 2025: Citichem India shares will make their debut on the BSE SME platform.

With four IPOs and six listings scheduled over the final days of 2024 and the beginning of the New Year, the primary market is set for a vibrant close. This momentum, coupled with the broad sectoral participation witnessed throughout the year, signifies the strong appeal of Indian equities on the global stage.