Companies like Zinka Logistics Solutions, Neelam Linen and Garments, Mangal Compusolution, and Onyx Biotech are gearing up for their market debuts.

NTPC Green Energy, Two SME Issues, and Four Listings set to hit Dalal Street

The upcoming week promises substantial activity on Dalal Street, with one mainboard IPO, two SME public issues, and four listings on the Indian stock markets. Companies like Zinka Logistics Solutions, Neelam Linen and Garments, Mangal Compusolution, and Onyx Biotech are gearing up for their market debuts. Meanwhile, starting Tuesday, November 19, the market will witness the launch of one mainboard IPO alongside two SME IPOs.

The year 2024 has marked a record-breaking milestone for IPO activity in India, with total issue sizes reaching ₹1.38 trillion—the highest in a decade, surpassing the previous ₹1.31 trillion record of 2021. As per Yatin Singh of Emkay Global, subscription levels and listing gains show an inverse relationship with IPO size. Neha Agarwal of JM Financial noted a decrease in both HNI (high-net-worth individual) and retail subscriptions in recent IPOs.

Details of the Upcoming IPOs

NTPC Green Energy Limited IPO : The state-run renewable energy firm NTPC Green Energy Limited will offer 92.59 crore equity shares via a book-built issue, targeting ₹10,000 crore. Public bidding will open on Tuesday, November 19, and close on Friday, November 22. Listing is scheduled on the NSE and BSE on Wednesday, November 27. The price band is set at ₹102-₹108 per share with a face value of ₹10. Each lot consists of 138 shares. IDBI Capital, HDFC Bank, IIFL Securities, and Nuvama Wealth are the book-running managers, while Kfin Technologies serves as the registrar.

Lamosaic India Limited IPO : Lamosaic India Limited, a decorative products manufacturer, plans to raise ₹61.2 crore via a fresh issue of 30.6 lakh equity shares. The IPO will be open for bidding from Thursday, November 21, to Tuesday, November 26, with listing on the NSE SME index on Friday, November 29. Priced at ₹200 per share, the minimum lot size is 600 shares, requiring a minimum retail investment of ₹1,20,000. HNI investors will need to purchase at least two lots. Inventure Merchant Banker is the book-runner, Kfin Technologies is the registrar, and Svcm Securities serves as the market maker.

C2C Advanced Systems Limited IPO : A defense electronics solutions provider, C2C Advanced Systems Limited, aims to raise ₹99.07 crore through a fresh issue of 43.84 lakh equity shares. The IPO will be open from Friday, November 22, to Tuesday, November 26, with listing on the NSE SME index on Friday, November 29. The price band for the issue is ₹214-₹226 per share, with a minimum lot size of 600 shares. Retail investors will need a minimum of ₹1,35,600 to participate, while HNIs will require at least two lots. Mark Corporate Advisors and Beeline Capital Advisors are managing the issue, Link Intime India is the registrar, and Spread X Securities is the market maker.