Upcoming IPOs: D-Street Busy With Several IPOs This Week

The D-Street and the primary market are gearing up for a busy week, with several significant initial public offerings (IPOs) scheduled for listing, including high-profile names like Swiggy, Sagility India, ACME Solar Holdings, and Niva Bupa Health Insurance. Additionally, 3 new IPOs—1  mainboard and 2 small and medium enterprise (SME) offerings—will open for public subscription starting Tuesday, November 12.

Upcoming IPOs

1. Zinka Logistics Solutions Limited IPO

Zinka Logistics Solutions, also known as Blackbuck, is set to launch its IPO, aiming to raise ₹1,114.72 crore through a book-built issue comprising both a fresh issue and an offer-for-sale (OFS). The IPO will open on Wednesday, November 13, and close on Monday, November 18, with the listing expected on Thursday, November 21. Zinka Logistics Solutions IPO allotment is likely to be finalised on November 19, 2024.

• Price band: ₹259 to ₹273 per share
• Lot size: 54 shares
• Lead managers: Axis Capital, Morgan Stanley India, JM Financial, IIFL Securities
• Registrar: Kfin Technologies

2. Onyx Biotec Limited IPO

Onyx Biotec, a pharmaceutical company, is launching an SME IPO to raise ₹29.34 crore. The issue will open on Wednesday, November 13, and close on Monday, November 18, with a listing on the NSE SME index on Thursday, November 21.

• Price band: ₹58 to ₹61 per share
• Lot size: 2,000 shares
• Minimum investment: ₹1,22,000 for retail investors (1 lot)
• Lead manager: Horizon Management
• Registrar: Mas Services
• Market maker: Giriraj Stock Broking

3. Mangal Compusolution Limited IPO

Mangal Compusolution, an IT hardware solutions provider, is offering an IPO to raise ₹16.23 crore. The subscription period will run from Tuesday, November 12, to Thursday, November 14, with a listing on the BSE SME index expected on Wednesday, November 20.

• Price band: ₹45 per share
• Lot size: 3,000 shares
• Minimum investment: ₹1,35,000 for retail investors (1 lot)
• Lead manager: Jawa Capital Services
• Registrar: Kfin Technologies
• Market maker: Rikhav Securities

IPO Listing This Week

This week, Dalal Street will see the listing of four high-profile initial public offerings (IPOs), starting Tuesday, November 12. The Sagility India IPO will debut on both the BSE and NSE on November 12. On Wednesday, November 13, both ACME Solar Holdings and the much-awaited Swiggy Limited IPO will be listed on the domestic exchanges. Finally, the Niva Bupa Health Insurance IPO is set to list on the BSE and NSE on Thursday, November 14.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.