Upcoming IPOs Next Week: 1 Mainboard & 2 SME Public Issues To Go Live; 8 New Listings Awaited

The Indian primary market is set to witness a wave of activity in the coming week, with multiple initial public offerings (IPOs) lined up across both the mainboard and SME segments. Investors are gearing up for the launch of three IPOs, including one mainboard offering and two SME issues, alongside the listings of eight companies on the stock exchanges.

Unimech Aerospace & Manufacturing IPO
The highlight of the week is the IPO of Unimech Aerospace and Manufacturing Ltd, which will open for subscription on Monday, December 23, and close on Thursday, December 26. This mainboard IPO aims to raise Rs 500 crore through a combination of a fresh issue and an offer-for-sale (OFS). The fresh issue involves the allotment of 32 lakh equity shares worth Rs 250 crore, while another 32 lakh shares will be sold under the OFS by promoters and existing shareholders, including Ramakrishna Kamojhala, Rajanikanth Balaraman, Preetham S V, and Rasmi Anil Kumar.

The IPO price band has been set at Rs 745 to Rs 785 per share, with a lot size of 19 shares. Post-allotment, the company's shares are expected to be listed on BSE and NSE on December 31, 2024.

Anand Rathi Securities and Equirus Capital are acting as the book-running lead managers for this IPO, while Kfin Technologies has been appointed as the registrar.

SME IPOs
Solar91 Cleantech IPO
Solar91 Cleantech's SME IPO is scheduled to open on December 24 and will remain available for subscription until December 27. The company, focusing on clean energy solutions, has set a price band of Rs 185 to Rs 195 per share. At the upper price band, the company aims to raise Rs 106 crore through a fresh issue of 54.36 lakh equity shares.

The proceeds will be utilized to invest in solar projects, meet working capital requirements, and cover general corporate expenses. Solar91 Cleantech will debut on BSE SME, tapping into India's growing renewable energy sector. Narnolia Financial Services Ltd is the lead manager for this issue, with Maashitla Securities serving as the registrar.

Anya Polytech & Fertilizers IPO
Anya Polytech & Fertilizers Ltd will launch its SME IPO on December 26, with the subscription window open until December 30. The price band for this offering has been set at Rs 13 to Rs 14 per share, and the IPO lot size is 10,000 shares.

The Rs 44.80 crore IPO will be entirely a fresh issue of 3.2 crore equity shares, and the funds raised will support the company's expansion plans. Shares are expected to be listed on NSE SME on January 2, 2025. Beeline Capital Advisors Pvt Ltd is managing the issue, and Skyline Financial Services Pvt Ltd is the registrar.

Ongoing IPOs
The bidding period for several ongoing IPOs is also set to close this week. These include Transrail Lighting IPO, DAM Capital Advisors IPO, Mamata Machinery IPO, Sanathan Textiles IPO, and Concord Enviro IPO.

Additionally, three SME IPOs-Ventive Hospitality IPO, Senores Pharmaceuticals IPO, and Carraro India IPO-will conclude their subscription periods on December 24.

New Listings
Investors await the stock market debuts of several companies in the coming week. Shares of Transrail Lighting, DAM Capital Advisors, Mamata Machinery, Sanathan Textiles, and Concord Enviro are slated for listing on December 27. Furthermore, three SME companies will also be listed on BSE SME or NSE SME.

Market Sentiment
The IPO market remains buoyant, reflecting a resurgence in investor interest amid favourable macroeconomic conditions. The recent flurry of IPO activity underscores growing confidence in India's economic growth story. Sectors such as aerospace, renewable energy, and manufacturing leading the charge in the the upcoming week.