Next Week's IPO Calendar: 13 New listings to heat up the Primary Market

India IPO

Updated Sep 07, 2024

The upcoming IPOs are riding on a wave of positive sentiment in India's primary market, fueled by strong retail and institutional participation.

Next Week's IPO Calendar: 13 New listings to heat up the Primary Market

Next week, the primary market is gearing up for one of its busiest periods in 2024, with 13 new initial public offerings (IPOs) set to hit the market. This wave of new issues, including both main board and SME IPOs, is expected to bring a surge of activity, capturing the attention of investors and market participants.

Among the notable IPOs, Bajaj Housing Finance is set to raise approximately Rs 6,560 crore, making it the largest offering of the week. Other main board IPOs to watch include Tolins Tyres (Rs 230 crore), Kross Ltd (Rs 500 crore), and P N Gadgil Jewellers (Rs 1,100 crore). These IPOs will open for subscription between September 9 and September 12, with each company targeting significant investor interest. Additionally, Western Carriers India is expected to open its IPO soon, although the company has yet to announce specific dates.

The SME segment will also see a flurry of activity with eight new IPOs, including Gajanand International, Share Samadhan, Shubhshree Biofuels Energy, and Aditya Ultra Steel, which will open for subscription from September 9 to September 11. Trafiksol ITS Technologies and SPP Polymer are scheduled to open from September 10 to September 13, while Innomet Advanced Materials and Excellent Wires & Packaging will follow from September 11 to September 13.

These SME IPOs aim to raise between Rs 12 crore to Rs 45 crore each, highlighting a growing interest in smaller companies tapping into the capital markets for growth and expansion. The upcoming IPOs are riding on a wave of positive sentiment in India's primary market, fueled by strong retail and institutional participation. Analysts attribute this trend to a buoyant secondary market, with the Nifty index up over 15% year-to-date, robust liquidity from both domestic and foreign institutional investors, and attractive grey market premiums (GMPs) on several issues.

With 13 new IPOs set to launch next week, the primary market is poised for a bustling period, offering investors a wide range of opportunities to explore. The coming week will be a crucial test of the market's appetite for new issues, and the outcomes could set the tone for IPO activities for the rest of the year.