Fasten Your Seatbelts: A Blockbuster Week for IPO Watchers

The upcoming week promises to be a thrilling ride for IPO enthusiasts, with a flurry of public issues set to hit the market from July 28 to August 3. This period is gearing up to be one of the busiest stretches for primary market activity in recent times, featuring a mix of mainboard giants and SME entries. A total of 13 IPOs are scheduled to launch, drawing keen interest from both retail and institutional investors.

A Busy Week Ahead

This week will see 5 mainboard IPOs and 8 SME issues, making it a significant event for investors looking to capitalize on new opportunities. Among these, the spotlight will be on India’s largest and oldest depository, the National Securities Depository Limited (NSDL), which has long been on the radar of investors.

Mainboard IPOs Hitting the Street

The mainboard segment is set to witness a robust lineup of IPOs. Here’s a closer look at the key offerings:

1. NSDL IPO: Spotlight on the Market Veteran

The NSDL IPO is one of the most anticipated offerings, opening on July 30 and closing on August 1. This entirely offer-for-sale (OFS) issue consists of 5.01 crore shares, with a total size of Rs 4,011.60 crore. The price band is set between Rs 760 to Rs 800 per share, with anchor bidding scheduled for July 29.

In the grey market, NSDL shares are reportedly trading at a premium of Rs 161, suggesting a potential listing price of around Rs 946, approximately 18% above the upper price band. However, investors should be cautious, as grey market premiums can be volatile.

2. Laxmi India Finance IPO

Opening on July 29 and closing on July 31, the Laxmi India Finance IPO aims to raise Rs 254.26 crore through a combination of a fresh issue and an OFS. The price band is set between Rs 150 to Rs 158 per share, with a tentative listing date of August 5. The grey market premium (GMP) is currently around Rs 18, indicating a possible listing price of Rs 176, an 11.4% increase over the upper price band.

3. Aditya Infotech IPO

Another IPO set to open on July 29 is Aditya Infotech, which will remain open until July 31. The company plans to raise Rs 1,300 crore, with a fresh issue of Rs 500 crore and an OFS of Rs 800 crore. The price band is between Rs 640 to Rs 675. The GMP is currently around Rs 225, suggesting a potential listing at Rs 900, a 33.3% upside over the issue price.

4. Sri Lotus Developers IPO

The Sri Lotus Developers IPO will open on July 30 and close on August 1, with a total size of Rs 792 crore. This issue is entirely a fresh offering of 5.28 crore shares, priced between Rs 140 to Rs 150. The GMP indicates a potential listing at Rs 184, nearly 23% above the upper band.

5. M&B Engineering IPO

Also opening on July 30 is the M&B Engineering IPO, which aims to raise Rs 650 crore through a mix of fresh shares and an OFS. The price band is set between Rs 366 to Rs 385, with a tentative listing date of August 6. The GMP is modest at Rs 40, hinting at a potential listing price of around Rs 425, a 10.4% gain.

SME IPOs Hitting the Street

While the mainboard IPOs are capturing headlines, the SME segment is also bustling with activity. Here’s a snapshot of the upcoming SME IPOs:

1. Repono IPO

Repono is launching a fresh issue worth Rs 26.68 crore, offering 27.79 lakh shares. The IPO opens on July 28 and closes on July 30, with a price band of Rs 91 to Rs 96 per share.

2. Umiya Mobile IPO

Umiya Mobile is set to offer 37.70 lakh fresh shares to raise Rs 24.88 crore. This fixed-price IPO will open on July 28 and close on July 30, priced at Rs 66 per share.

3. Kaytex Fabrics IPO

Kaytex Fabrics aims to raise Rs 69.81 crore, combining a fresh issue and an OFS. The IPO opens on July 29 and closes on July 31, with a price band of Rs 171 to Rs 180 per share.

4. B.D. Industries IPO

B.D. Industries will raise Rs 45.36 crore via a fresh issue of 42 lakh shares. The IPO opens on July 30 and closes on August 1, with a price band of Rs 102 to Rs 108 per share.

5. Mehul Colours IPO

The Mehul Colours IPO is a Rs 21.66 crore fresh issue, comprising 30.08 lakh shares. The subscription window will run from July 30 to August 1, priced between Rs 68 to Rs 72 per share.

6. Takyon Networks IPO

Takyon Networks is coming out with a Rs 20.48 crore fresh issue of 37.92 lakh shares. The IPO opens on July 30 and ends on August 1, with a price band of Rs 51 to Rs 54 per share.

7. Cash Ur Drive Marketing IPO

Cash Ur Drive Marketing is launching a Rs 60.79 crore book-building issue. It opens on July 31 and closes on August 4, with a price band of Rs 123 to Rs 130 per share.

8. Renol Polychem

Renol Polychem is set to launch its Rs 25.77 crore SME IPO, entirely a fresh issue of 24.54 lakh shares, with a price band of Rs 100 to Rs 105 per share.

Upcoming IPO Listings

In addition to the IPOs opening next week, several companies are set to make their market debut:

• July 28: Savy Infra (SME), Swastika Castal (SME)
• July 29: Monarch Surveyors (SME)
• July 30: GNG Electronics (Mainboard), IndiQube Spaces (Mainboard), TSC India (SME)
• July 31: Brigade Hotel Ventures (Mainboard)
• August 1: Patel Chem Specialities (SME), Shanti Gold International (SME), Sellowrap Industries (SME), Shree Refrigerations (SME)

Conclusion

With a diverse range of IPOs set to launch, the upcoming week is poised to be a significant event for investors. Whether you’re eyeing mainboard giants or exploring SME opportunities, there’s something for everyone in this bustling primary market. As always, investors should conduct thorough research and consider market conditions before making investment decisions. Happy investing!