The Indian stock market is abuzz as several Upcoming IPOs This Week are set to open for subscription this week. This surge of public issues reflects the growing interest from investors and businesses looking to raise capital through the stock exchange. With a mix of well-established companies and new entrants, investors have a variety of opportunities to explore in the market. Overview of Upcoming IPOs This Week
Waari Energies IPO
Subscription Dates: October 21-23, 2024
Size: ₹4,321.44 crore (including ₹3,600 crore from fresh issue and ₹721.44 crore from offer for sale)
Price Band: ₹1,427-₹1,503 per share
Lead Managers: The IPO is managed by a strong team of financial advisors, including Axis Capital, IIFL Securities, Jefferies India, and SBI Capital Markets.
Deepak Builders & Engineers IPO
Subscription Dates: October 21-23, 2024
Issue Size: ₹260.04 crore (₹217.21 crore from fresh shares and ₹42.83 crore from offer for sale)
Price Band: ₹192-₹203 per share
Lead Manager: The book-running lead manager for this initial public offering is Fedex Securities Private Limited.
Godavari Biorefineries IPO
Subscription Dates: October 23-25, 2024
Size: ₹554.75 crore (₹325 crore from fresh issue and ₹229.75 crore from offer for sale)
Price Band: ₹334-₹352 per share
Lead Managers: Equirus Capital and SBI Capital Markets are leading the IPO.
Afcons Infrastructure IPO
Subscription Dates: October 25-29, 2024
Size: ₹5,430 crore (₹1,250 crore from fresh issue and ₹4,180 crore from offer for sale)
Lead Managers: This flagship IPO is managed by ICICI Securities,
Jefferies India, Nomura and SBI Capital Markets.
Additional Upcoming IPOs This Week
Along with the major players, smaller public issues are also set to launch, providing a wider selection of investment options for different risk profiles:
Premium Plast IPO: Opening from October 21 to 23, 2024, this IPO aims to raise ₹26.20 crore with a price band of ₹46-₹49 per share.
Danish Power IPO: Available for subscription from October 22 to 24, 2024, targeting ₹197.90 crore with a price band of ₹360-₹380 per share.
United Heat Transfer IPO: Scheduled from October 22 to 24, 2024, to raise ₹30 crore at a price band of ₹56-₹59 per share.
OBSC Perfection IPO: Open for subscription from October 22 to 24, 2024, with an issue size of ₹66.02 crore and a price range of ₹95-₹100 per share.
Usha Financial Services IPO: Open from October 24 to 28, 2024, this IPO aims to raise ₹98.45 crore with a price range of ₹160-₹168 per share.
Upcoming IPOs This Week Listings
Apart from the upcoming IPOs this week, the market will also witness some major listings:
Hyundai Motor IPO: The company is set to list on both BSE and NSE on October 22, 2024 after a successful allotment process.
Lakshya Powertech IPO: The allotment for this IPO is scheduled for October 21, 2024, while the listing is expected to take place on October 23, 2024 on the NSE SME platform.
Fresera Agro Exports IPO: This company will be listed on NSE SME on October 24, 2024, giving investors an opportunity to invest in the agricultural export sector.
Market sentiment for IPOs
The IPO market in India has seen strong momentum in 2024, with a record number of companies going public. So far, 63 IPOs have been completed, with many of them delivering positive returns post-listing. This trend is expected to continue, as investor confidence remains high despite volatile market conditions. According to Pantomath Capital Advisors, the primary market is witnessing significant growth, with September 2024 being one of the most active periods in over a decade, as 15 companies filed their DRHPs on the last day of the month alone.
Why investors are keen on Upcoming IPOs This Week
There are several factors driving investor interest in upcoming IPOs this week:
Retail participation: More retail investors are getting involved in IPOs as they see the potential for strong early returns.
Corporate optimism: Companies are using the IPO route to fuel expansion plans, especially in sectors such as infrastructure, technology, and renewable energy.
Institutional interest: Both domestic and international institutional investors are actively participating in IPOs, further boosting demand.
Regulatory environment: Favourable policies and streamlined processes by SEBI have made the IPO process more smooth and transparent, encouraging more companies to go public.
Conclusion
The upcoming IPOs this week offer multiple investment opportunities for both seasoned and new investors. With strong momentum in the market and participation from major companies such as Waaree Energies and Afcons Infrastructure, there is a lot to look forward to. Additionally, smaller IPOs present valuable options for those looking to diversify their portfolios. As market conditions remain favorable, this period presents a prime opportunity for investors to take advantage of the dynamic Indian IPO market.
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