The Indian primary market is set for a busy week, with nine initial public offerings (IPOs) collectively worth ₹11,000 crore hitting the market from October 21, 2024. Among these, Hyundai Motor India is scheduled for listing, alongside others, which signals a significant week for both investors and companies looking to go public.
Afternoon Energies
Waaree Energies, a solar photovoltaic module manufacturer, will launch a ₹4,321 crore IPO from October 21 to 23, 2024. With a price band of ₹1,427-1,503 per share, it consists of a fresh issue worth ₹3,600 crore and an offer-for-sale of 48 lakh shares valued at ₹721.44 crore.
Deepak Builders & Engineers India
This construction company will open its ₹260 crore IPO between October 21 and 23, 2024. The price band is set at ₹192-203 per share, consisting of a fresh issue of 1.07 crore equity shares and an offer-for-sale of 21.1 lakh shares.
Godavari Biorefineries
Operating in the ethanol-based chemicals sector, Godavari Biorefineries will launch its ₹555 crore IPO from October 23 to 25, 2024. The offer includes a fresh issue of ₹325 crore and an offer-for-sale of 65.26 lakh shares, with a price band of ₹334-352 per share.
Afcons Infrastructure
Afcons Infrastructure, part of the Shapoorji Pallonji group, will open a ₹5,430 crore IPO on October 25, 2024. This includes a fresh issue of ₹1,250 crore and an offer-for-sale worth ₹4,180 crore. The price band will be announced on October 21, 2024.
SME IPOs
Premium Plast
This SME IPO worth ₹26 crore will take place between October 21 and 23, 2024. The company specializes in automotive and industrial plastic parts and offers a price band of ₹46-49 per share for the fresh issue of 53.46 lakh equity shares.
Danish Power
Danish Power, a transformer manufacturer, is set to launch its SME IPO from October 22 to 24, 2024. The IPO, with a price band of ₹360-380 per share, will consist entirely of a fresh issue of 52.08 lakh shares.
United Heat Transfer
United Heat Transfer’s ₹30 crore SME IPO will take place from October 22 to 24, 2024. The price band is set at ₹56-59 per share, focusing on heat exchangers and pressure vessels.
OBSC Perfection
This precision metal component manufacturer will raise ₹66 crore through its IPO from October 22 to 24, 2024, offering shares at ₹95-100 per share.
Usha Financial Services
The non-banking finance company will offer a ₹98.45 crore IPO between October 24 and 28, 2024. The IPO comprises 58.6 lakh shares with a price range of ₹160-168 per share.
Upcoming Listings
Hyundai Motor India will list on October 22, 2024, following its ₹27,870 crore IPO. Other listings this week include Lakshya Powertech on October 23, 2024, and Freshara Agro Exports on October 24, 2024.
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