This week, the primary market is set for significant activity with ongoing and upcoming initial public offerings (IPOs). The week will witness the launch of 1 mainboard IPO and 2 SME IPOs. In addition, 8 companies are scheduled for listing during the week. Here is a brief overview of the upcoming IPOs on the Indian primary market
The ₹500 crore Unimech Aerospace and Manufacturing IPO will open for bidding on December 23, and conclude on Thursday, December 26. This IPO consists of a fresh issue of 32 lakh equity shares worth ₹250 crore and an offer-for-sale (OFS) of 32 lakh shares, also amounting to ₹250 crore.
The price band for the Unimech Aerospace IPO has been set between ₹745 and ₹785 per share, with a minimum lot size of 19 shares. The IPO allotment is expected to be finalised by December 27, and the listing is anticipated on December 31. The shares will be listed on both the BSE and NSE.
The Solar91 Cleantech IPO, an SME IPO, will open for subscription on December 24 and close on December 27. This upcoming IPO will be listed on the BSE SME platform. The price band for the Solar91 Cleantech IPO is set between ₹185 and ₹195 per share. The company plans to use the net proceeds from the issue to invest in its subsidiary for the development of Solar Projects as an Independent Power Producer (IPP), cover working capital requirements, and for general corporate purposes.
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Anya Polytech & Fertilizers IPO will open for subscription on December 26 and close on December 30. The price band for the IPO is set between ₹13 and ₹14 per share, with a lot size of 10,000 shares. The total size of the IPO is ₹44.80 crore, consisting entirely of a fresh issue of 3.2 crore equity shares. The shares will be listed on the NSE SME platform, with a tentative listing date of January 2, 2025.
This week, Dalal Street will record the listing of 8 IPOs, including 5 mainboard and 3 SME IPO starting December 24
Company | Listing Date | Exchange |
NACDAC Infrastructure Limited IPO | December 24 | BSE SME |
Identical Brains Studios Limited IPO | December 26 | NSE SME |
Newmalayalam Steel Limited IPO | December 27 | NSE SME |
Transrail Lighting Limited IPO | December 27 | BSE and NSE |
DAM Capital Advisors Limited IPO | December 27 | BSE and NSE |
Mamata Machinery Limited IPO | December 27 | BSE and NSE |
Sanathan Textiles Limited IPO | December 27 | BSE and NSE |
Concord Enviro Systems Limited IPO | December 27 | BSE and NSE |
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.
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