Upcoming IPOs This Week: 6 SME IPOs and 4 Listing to Make Dalal Street Busy

India’s primary market is set for significant activity with several key IPOs slated for listing in the coming week. The highly anticipated initial public offering (IPO) of NTPC Green Energy, along with Enviro Infra Engineers and two small and medium enterprise (SME) issues, will dominate the market. Additionally, 6 more SME IPOs will open this week starting November 25.

Despite challenges in the market, particularly the drop in Adani stocks due to allegations from the US securities regulator, November’s third week has remained notably active for the primary market.

Looking ahead, the upcoming IPOs include 6 SME issues scheduled for launch in the final week of November.

Upcoming SME IPOs:

1. Rajesh Power Services Limited IPO: Rajesh Power Services Limited, a consultancy firm for state transmission and distribution companies, is offering a fresh issue of 27.9 lakh shares worth ₹93.47 crore, along with an offer-for-sale (OFS) of 20 lakh shares valued at ₹67 crore. The IPO aims to raise ₹160.47 crore. It will open on Monday, November 25, and close on Wednesday, November 27, with shares listed on the BSE SME index by December 2.
2. Rajputana Biodiesel Limited IPO: Rajputana Biodiesel, a producer of biofuels, is offering 19 lakh shares to raise ₹24.70 crore. The IPO will open on Tuesday, November 26, and close on Thursday, November 28, with shares listed on the NSE SME index by December 3. The price band is set at ₹123 to ₹130 per share, with a lot size of 1,000 shares. Retail investors must invest a minimum of ₹1,30,000, while HNIs need to invest a minimum of ₹2,60,000 for two lots.
3. Abha Power and Steel Limited IPO: Abha Power and Steel, a manufacturer of iron and steel products, is offering a fresh issue of 41.39 lakh shares (₹31.04 crore) and an OFS of 10 lakh shares (₹7.50 crore). The IPO aims to raise ₹38.58 crore and will open on Wednesday, November 27, and close on Friday, November 29. Shares are expected to list on the NSE SME index on December 4. The price for the IPO is set at ₹75 per share, with a lot size of 1,600 shares.
4. Apex Ecotech Limited IPO: Apex Ecotech, a water and wastewater treatment company, is offering a fresh issue of 34.99 lakh shares to raise ₹25.54 crore. The IPO will open on Wednesday, November 27, and close on Friday, November 29, with shares listed on the NSE SME index by December 4. The price band is ₹71 to ₹73 per share, with a lot size of 1,600 shares.
5. Agarwal Toughened Glass India Limited IPO: Agarwal Toughened Glass, a manufacturer of tempered glass, is offering 58 lakh shares to raise ₹62.64 crore. The IPO will open on Thursday, November 28, and close on Monday, December 2, with shares listed on the NSE SME index by December 5.
6. Ganesh Infraworld Limited IPO: Ganesh Infraworld, a construction services provider, is offering 118.77 lakh shares to raise ₹98.58 crore. The IPO will open on Friday, November 29, and close on Tuesday, December 3, with shares listed on the NSE SME index by December 6. The price band for the IPO is ₹78 to ₹83 per share, with a lot size of 1,600 shares.

IPO Listings This Week

This week, Dalal Street is set to witness the listing of four IPOs starting Wednesday, November 27. The NTPC Green Energy IPO will be listed, followed by other IPOs including Enviro Infra Engineers, Lamosaic India, and C2C Advance Systems. Out of these, NTPC Green Energy and Enviro Infra Engineers are mainboard IPOs, while Lamosaic India and C2C Advance Systems fall under the SME category.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.