Nine companies to list this week, aim to raise ₹4,000cr
India's initial public offering (IPO) market is poised for a bustling week with nine companies, including three mainboard listings and six small and medium enterprises (SMEs), set to launch their IPOs. The combined value of these offerings is projected to exceed ₹4,000 crore. This surge in activity underscores a robust investor interest in new equity offerings within the Indian market.
Premier Energies leads with ₹2,830 crore offering
The mainboard IPOs are led by Premier Energies, a solar technology company, with an offering worth ₹2,830.40 crore. This includes fresh equity and an offer-for-sale (OFS). ECOS India Mobility & Hospitality follows closely, with an aim to raise ₹601.2 crore through a pure OFS. Baazar Style Retail, backed by prominent investor Rekha Rakesh Jhunjhunwala, completes the trio with its highly anticipated IPO although pricing details are yet to be disclosed.
Six SMEs join the IPO race
The SME segment is also witnessing significant activity with six companies joining the IPO race. Indian Phosphate is planning to raise funds for its chemical manufacturing business. Jay Bee Laminations and Vdeal System, representing the electrical and automation sectors respectively, are also on the list. The lineup is completed by tech-centric Paramatrix Technologies, construction supplier Archit Nuwood Industries, and materials expert Aeron Composite.
Eight new listings to debut across exchanges
Eight new listings are set to debut across various exchanges. Interarch Building Products and Orient Technologies will make their main bourses debut, while the NSE Emerge platform will welcome Forcas Studio, Brace Port Logistics, Ideal Technoplast Industries, and QVC Exports. The BSE SME platform is preparing for the trading commencement of Resourceful Automobile and Rapid Multimodal Logistics.
Investor sentiment remains positive amid IPO flurry
The surge in IPO activity coincides with a positive investor sentiment in the secondary market. Grey market observers have witnessed significant premiums for some upcoming listings, with stocks of Interarch Building Products and Orient Technologies, commanding 35-40% premiums over their issue prices. This indicates a strong investor appetite for new offerings in the current market scenario.
