Upcoming IPOs This Week: 2 IPOs Set to Open For Bidding on Mainboard and SME

As we approach the close of 2024, both D-Street and the primary market are busy with activity, featuring 4 upcoming listings and the launch of 2 new IPOs—one on the mainboard and one on the SME segment. Throughout the year, the primary market has remained highly active, with several IPOs launched across sectors such as green energy, e-commerce, automobiles, and more.

This surge in IPO activity has been driven by the evolving landscape of Indian equities, which has added new dimensions to the investment scene, supported by robust fund inflows. Here’s a look at the IPOs this week that are keeping the primary market and investors busy:

Mainboard IPOs

Indo Farm Equipment IPO

The ₹260 crore Indo Farm Equipment IPO is set to open for public subscription on December 31 and will close on January 2. Bidding for anchor investors will be available for one day, on December 30. This upcoming IPO consists of a fresh issue of 86 lakh equity shares and an offer for sale (OFS) of 35 lakh equity shares from promoter Ranbir Singh Khadwalia.

The proceeds from the fresh issue will be used to establish a dedicated unit to enhance the manufacturing capacity of the company’s pick-and-carry cranes, repay debts, and invest in its NBFC subsidiary, Barota Finance, to strengthen its capital base for future needs.

SME IPO

Technichem Organics IPO

Technichem Organics’ IPO will also open for subscription on December 31 and close on January 2. The IPO price band has been set at ₹52-55 per equity share, with a face value of ₹10 each. Bids can be made for a minimum of 2,000 equity shares and in multiples thereafter.

This IPO involves a fresh issue of 45,90,000 equity shares, aggregating ₹25.25 crore. There is no offer for sale (OFS) component in this offering.

IPO Listings This Week

Shares of Ventive Hospitality, Senores Pharmaceuticals, and Carraro India will make their stock market debut on December 30. Meanwhile, shares of Unimech Aerospace and Manufacturing will be listed on December 31.

These developments mark a busy week in the primary market, keeping investors and market participants engaged as 2024 comes to a close.

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