The Indian primary markets are packed this week with a mix of public offering launches and new listings. While there are no new mainboard IPOs on the horizon, the SME segment is making up for it with six fresh IPOs scheduled to open for subscription. Here’s a detailed overview of the IPO activity this week and what investors need to know
New IPO Launches in the SME Segment
Rajesh Power Services IPO
This Rs 160.5-crore IPO opens for subscription from November 25 to 27, with a price range of Rs 319-335 per share. The company provides consultancy services in the energy sector.
Rajputana Biodiesel IPO
Opening from November 26 to 28, this Rs 24.7-crore IPO is priced between Rs 123-130 per share. The company focuses on the production of biofuels and related by-products.
Abha Power and Steel IPO
This fixed-price issue opens from November 27 to 29, with a share price of Rs 75. Abha Power and Steel manufactures iron and steel products.
Apex Ecotech IPO
Opening from November 27 to 29, this IPO is priced between Rs 71-73 per share. The company specializes in water and wastewater treatment solutions.
Agarwal Toughened Glass India IPO
Launching on November 28 and closing on December 2, this Rs 62.6-crore IPO is priced between Rs 105-108 per share. It manufactures tempered glass.
Ganesh Infraworld IPO
The IPO of Ganesh Infraworld will be open for subscription from November 29 to December 3, with shares priced between Rs 78 and Rs 83 per share. The company specializes in infrastructure development.
Key Listings to Watch
NTPC Green Energy's IPO will be listed on both the NSE and the BSE on November 27, 2024, amid high investor interest. Enviro Infra Engineers will also list on November 29, 2024, at the NSE and BSE. Additionally, on the same day, SME IPOs Lamosaic India and C2C Advanced Systems will list their shares on NSE Emerge, expanding their presence in the technology and infrastructure sectors. These listings reflect the growing investor interest across industries.
There will be four listings and six initial public offerings this week, primarily in the SME sector, providing a variety of investment options. To make well-informed selections investors should carefully evaluate each offering.
