With no new initial public offerings (IPOs) set to debut next week, the market is taking a momentary pause, as Diwali draws near.
However, investor attention is far from idle, as the holiday week will see eight companies debut on the exchanges.
Headlining this line-up are well-known names, such as Waaree Energies, Deepak Builders, and Godavari Biorefineries, each bringing diverse sectoral exposure to the market.
As the fiscal year progresses, the primary market pipeline indicates a robust finish ahead. The Securities and Exchange Board of India (Sebi) has approved 26 companies aiming to raise Rs 72,000 crore, while an additional 55 are in line for approval to gather approximately Rs 89,000 crore.
These developments suggest a potentially record-breaking year, with total fundraising likely to surpass Rs 1 lakh crore by March 2025.
Diwali Week Listings: What’s Coming Up?
Waaree Energies: This highly anticipated listing on October 28, 2024, just days ahed of Diwali will bring one of India’s leading solar energy companies to the BSE and NSE, marking a significant entry into the renewable energy sector at a time when sustainable investments are gaining traction.
Deepak Builders & Engineers: Joining Waaree on October 28, 2024 Deepak Builders will list on BSE and NSE, offering investors a foothold in India’s burgeoning construction industry.
Godavari Biorefineries: Expected to list on October 30, 2024, this biofuel giant taps into the green energy movement and is anticipated to draw interest from eco-conscious investors.
Other Notable Listings: From Premium Plast and United Heat Transfer to OBSC Perfection and Danish Power, multiple companies will list on the NSE SME segment on October 28-29, 2024, bringing niche growth opportunities. Meanwhile, Usha Financial Services aims to debut on October 31, 2024, adding to the festive momentum.
Along with these festive listings, the symbolic Muhurat Trading session is another event that takes place on Diwali. This meeting is set for November 1, 2024, and will begin at 6:00 pm and end at 7:10 pm. Traders who are involved in same-day trading must carefully plan because all intraday positions will be automatically squared off 15 minutes prior to the end of the session. As they enter the new Samvat year, investors can take advantage of this special trading opportunity to trade while celebrating the holiday and mark fresh starts.
