Upcoming IPOs: A Look Ahead to November 18, 2024

As the financial landscape continues to evolve, investors are keenly watching the upcoming Initial Public Offerings (IPOs) set to launch in the week of November 18, 2024. This week promises to be significant, with three IPOs expected to raise a total of ₹10,160 crore. The spotlight will be on NTPC Green Energy, a subsidiary of the state-owned power giant NTPC, while two smaller enterprises, Lamosaic India and C2C Advanced Systems, will also make their market debut.

NTPC Green Energy IPO

Kicking off the week is the highly anticipated NTPC Green Energy IPO, which aims to raise ₹10,000 crore. This IPO will open for subscription from November 19 to November 22, 2024, with shares expected to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) by November 27, 2024. The price band for this offering has been set between ₹102 and ₹108 per share, with a minimum lot size of 138 shares.

Investors are particularly interested in this IPO due to NTPC’s strong reputation in the energy sector and the growing emphasis on renewable energy sources. As of now, the Grey Market Premium (GMP) for NTPC Green Energy stands at ₹1, suggesting a potential listing price of ₹109 per share, which reflects a modest 0.93% premium over the upper price band.

Lamosaic India IPO

Next in line is Lamosaic India, which is set to launch its IPO worth ₹61.20 crore. This offering will be available for subscription from November 21 to November 26, 2024, with shares likely to be listed on the NSE SME index by November 29, 2024. The price band for Lamosaic India has been fixed at ₹200 per share, and investors will need to purchase a minimum lot of 600 shares.

Currently, the GMP for Lamosaic India is flat at ₹0, indicating that investors may be cautious about this offering. However, the SME segment often attracts niche investors looking for growth opportunities in smaller companies.

C2C Advanced Systems IPO

C2C Advanced Systems is another IPO to watch, with an offering size of ₹99.07 crore. This IPO will be open for subscription from November 22 to November 26, 2024, and is also expected to be listed on the NSE SME index on November 29, 2024. The price band for this IPO is set between ₹214 and ₹226 per share, with a minimum lot size of 400 shares.

What sets C2C Advanced Systems apart is its impressive GMP, which currently stands at ₹220. This suggests a potential listing price of ₹446 per share, indicating a remarkable 97% premium over the upper price band. Such a strong GMP could attract significant investor interest, especially from those looking for high-growth opportunities.

IPO Listings Next Week

In addition to the upcoming IPOs, two companies will see their shares listed on the exchanges next week. Onyx Biotec, with an IPO worth ₹29.34 crore, will have its shares listed on November 21, 2024. The IPO has a price of ₹61 per share and a minimum lot size of 2,000 shares. The GMP for Onyx Biotec is currently ₹15, indicating a potential listing price of ₹76 per share, which reflects a 24.59% premium.

Zinka Logistics Solutions, with a much larger IPO of ₹1,114.72 crore, will also be listed on November 21, 2024. The price band for Zinka Logistics is set between ₹259 and ₹273 per share, with a minimum lot size of 54 shares. However, the GMP for this IPO is currently flat at ₹0, suggesting that investor sentiment may be cautious.

Conclusion

The upcoming week promises to be an exciting time for investors as they navigate through these IPOs. With NTPC Green Energy leading the charge, the market will be closely watching how these offerings perform amid the recent volatility on Dalal Street. As always, potential investors should conduct thorough research and consider their risk appetite before participating in any IPO.

(Disclaimer: This article is intended for informational purposes only and does not constitute financial advice. Readers are encouraged to conduct their own research or consult with a financial advisor before making investment decisions.)