IPO Frenzy: A Week of High Momentum in India’s Primary Market with 13 IPOs and 8 Listings

The upcoming week promises to be one of the busiest for India’s primary market as investors prepare for a wave of IPO activity. With over 13 initial public offerings (IPOs) set to open and eight listings scheduled, the market is brimming with excitement and anticipation. 

A Strong Week for IPOs in the Indian Market 

This recent surge in IPOs highlights the growing confidence among investors and companies alike. The Indian primary market has been gaining significant traction, drawing in both retail and institutional investors. The strong demand for public offerings this week alone underlines the robust momentum in the market. 

August has been particularly notable, with IPO fundraising hitting a 27 Months high. According to Pantomath Capital Advisors Private Limited, August saw 10 companies raising an impressive ₹17,047 crore through IPOs, marking the most active period for public offerings since May 2022. This renewed interest points towards a promising future, with the firm projecting that domestic companies could raise over ₹1.50 lakh crore through IPOs in the next 12 months. 

A Glimpse of the Upcoming IPOs 

The upcoming week will see a variety of companies entering the primary market, each catering to different industries. Here is a detailed look at some of the prominent IPOs that will be opening for subscription: 

1. Bajaj Housing Finance IPO 

• Subscription Dates: September 9 to September 11 
• Issue Size: ₹6,560 crore (Fresh Issue: ₹3,560 crore; Offer for Sale: ₹3,000 crore 
• Price Band: ₹66 to ₹70 per share 
• Lead Managers: Kotak Mahindra Capital, Bofa Securities, Axis Capital, Goldman Sachs, SBI Capital, JM Financial, IIFL Securities 
• Registrar: Kfin Technologies 

2. Tolins Tyres IPO 

• Subscription Dates: September 9 to September 11 
• Issue Size: ₹230 crore (Fresh Issue: ₹200 crore; Offer for Sale: ₹30 crore) 
• Price Band: ₹215 to ₹226 per share 
• Lead Manager: Saffron Capital Advisors 
• Registrar: Cameo Corporate Services 

3. Kross IPO 

• Subscription Dates: September 9 to September 11 
• Issue Size: ₹500 crore (Fresh Issue: ₹250 crore; Offer for Sale: ₹250 crore) 
• Price Band: ₹228 to ₹240 per share 
• Lead Manager: Equirus Capital 
• Registrar: Kfin Technologies 

4. P N Gadgil Jewellers IPO 

• Subscription Dates: September 10 to September 12 
• Issue Size: ₹1,100 crore (Fresh Issue: ₹850 crore; Offer for Sale: ₹250 crore) 
• Price Band: ₹456 to ₹480 per share 
• Lead Managers: Motilal Oswal Investment Advisors, Nuvama Wealth Management, BOB Capital Markets 
• Registrar: Bigshare Services 

5. Arkade Developers IPO 

• Subscription Dates: September 16 to September 19 
• Issue Size: ₹410 crore (Fresh Issue) 
• Price Band: To be announced 
• Lead Manager: Unistone Capital 
• Registrar: Bigshare Services 

6. Gajanand International IPO 

• Subscription Dates: September 9 to September 11 
• Issue Size: ₹20.65 crore (Fresh Issue) 
• Price: ₹36 per share 
• Lead Manager: Fast Track Finsec 
• Registrar: Skyline Financial Services 

7. Share Samadhan IPO 

• Subscription Dates: September 9 to September 11 
• Issue Size: ₹24.06 crore (Fresh Issue) 
• Price Band: ₹70 to ₹74 per share 
• Lead Manager: Narnolia Financial Services 
• Registrar: Skyline Financial Services 

8. Shubhshree Biofuels Energy IPO 

• Subscription Dates: September 9 to September 11 
• Issue Size: ₹16.56 crore (Fresh Issue) 
• Price Band: ₹113 to ₹119 per share 
• Lead Manager: Hem Securities 
• Registrar: Bigshare Services 

9. Aditya Ultra Steel IPO 

• Subscription Dates: September 9 to September 11 
• Issue Size: ₹45.88 crore (Fresh Issue) 
• Price Band: ₹59 to ₹62 per share 
• Lead Manager: Swastika Investmart 
• Registrar: Cameo Corporate Services 

10. Trafiksol ITS Technologies IPO 

• Subscription Dates: September 10 to September 12 
• Issue Size: ₹44.87 crore (Fresh Issue) 
• Price Band: ₹66 to ₹70 per share 
• Lead Manager: Ekadrisht Capital 
• Registrar: Maashitla Securities 

11. SPP Polymers IPO 

• Subscription Dates: September 10 to September 12 
• Issue Size: ₹24.49 crore (Fresh Issue) 
• Price: ₹59 per share 
• Lead Manager: Interactive Financial Services 
• Registrar: Kfin Technologies 

12. Innomet Advanced Materials IPO 

• Subscription Dates: September 11 to September 13 
• Issue Size: ₹34.24 crore (Fresh Issue) 
• Price: ₹100 per share 
• Lead Manager: Expert Global Consultant 
• Registrar: Skyline Financial Services 

13. Excellent Wires and Packaging IPO 

• Subscription Dates: September 11 to September 13 
• Issue Size: ₹12.60 crore (Fresh Issue) 
• Price: ₹90 per share 
• Lead Manager: Inventure Merchant 
• Registrar: Bigshare Services 

Upcoming IPO Listings 

The excitement doesn't end with new IPOs; next week will also see several key listings: 

1. Gala Precision Engineering IPO: Expected to list on September 9 on BSE and NSE. 
2. Shree Tirupati Balajee IPO: Expected to list on September 12 on BSE and NSE. 
3. Jeyyam Global Foods IPO: Expected to list on September 9 on NSE SME. 
4. Naturewings Holidays IPO: Expected to list on September 10 on BSE SME. 
5. Namo eWaste Management IPO: Expected to list on September 11 on NSE SME. 
6. My Mudra Fincorp IPO: Expected to list on September 12 on NSE SME. 
7. Vision Infra Equipment Solutions IPO: Expected to list on September 13 on NSE SME. 

Conclusion: A Thriving Primary Market 

The upcoming week is set to be a whirlwind of IPOs, with investors eagerly awaiting their chance to participate. The increasing volume of offerings and listings reflects the buoyant sentiment in the market, as well as the growing appetite for equity investments. With several key sectors represented in the new offerings, the primary market continues to showcase the depth and diversity of India’s entrepreneurial landscape. 

Whether you’re a seasoned investor or a newcomer to the IPO space, the upcoming week provides a range of opportunities to engage with the dynamic Indian equity market.