Upcoming IPO: India’s IPO Market Set for a Record Week with 22 Companies Eyeing ₹5,000 Crore

India’s primary markets are gearing up for a high-voltage week starting from September 23, as a flood of initial public offerings (IPOs) is set to hit both the mainboard and SME segments. As per data from NSE and BSE, a total of 22 companies, 8 from the mainboard and 14 from the SME board, are set to raise nearly ₹5,000 crore collectively, marking one of the busiest weeks in recent memory.

Mainboard IPO

At the top of the mainboard segment is Seshaasai Technologies, aiming to raise ₹813 crore. Close behind is Anand Rathi Share & Stock Broking with a ₹745 crore issue and Atlanta Electricals, looking to garner ₹688 crore. Other significant offerings include:

• Epack Prefab Technologies – ₹504 crore
• Solarworld Energy Solutions – ₹490 crore
• Jaro Institute of Technology – ₹450 crore
• Ganesh Consumer Products – ₹409 crore
• Jinkushal Industries – ₹116 crore

IPO subscription windows are staggered throughout the week. Atlanta Electricals and Ganesh Consumer Products will open their books on September 22. Following on September 23 are Jaro Institute, Solarworld Energy, Anand Rathi Broking, and Seshaasai Technologies, with all four closing on September 25. Epack Prefab Technologies runs from September 24 to 26, while Jinkushal Industries will be open from September 25 to 29.

SME IPO

The SME space is equally busy, with 14 companies gearing up to become public. Among them:

• Prime Cable Industries and Sovex Edibles will open their issues from September 22 to 24
• Six other companies—including BharatRohan Airborne Innovations, Aptus Pharma, True Colors, Matrix Geo Solutions, NSB BPO Solutions, and Ecoline Exim, will go live from September 23 to 25

Further, Systematic Industries, Justo Realfintech, and Praruh Technologies are set for September 24 to 26, while Telge Projects and DSM Fresh Foods will be open from September 25 to 29 and September 26 to 30, respectively. Infinity Infoway is also expected to list soon, with dates pending.

Also Read: Atlanta Electricals IPO Set to Open on September 22: Check Key Dates, Funds Usage and More

Conclusion

The IPO pipeline is heavily tilted towards high-growth sectors, which continues to attract both retail and institutional capital. Experts suggest this wave of IPOs could persist well into late 2024 and possibly spill into 2025, buoyed by strong fundamentals and investor optimism.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.