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The primary market is set to remain vibrant despite a recent correction in the frontline and broader indices, with a significant wave of Initial Public Offerings (IPOs) scheduled to hit Dalal Street in the coming week. Starting from August 4th, a total of twelve IPOs are expected to be launched, accompanied by the listing of fourteen new companies on the bourses. This flurry of activity signals continued investor interest and confidence in the market, even amidst prevailing volatility and uncertainty. The aggregate value of these twelve IPOs is estimated to be around ₹9,200 crore, surpassing the ₹7,300 crore raised through fourteen IPOs in the preceding week. This demonstrates the sustained momentum in the primary market and the appetite of companies to raise capital through public offerings. Four of these IPOs will be from the mainboard segment, accounting for a substantial ₹8,919 crore, indicating the presence of larger and more established companies seeking to tap into the public market for growth and expansion.
Among the prominent offerings, Highway Infrastructure, a company specializing in toll collection services and EPC projects, and Knowledge Realty Trust, identified as the largest office real estate investment trust (REIT), are slated to be the first to open from the mainboard segment on August 5th. Both of these public issues are scheduled to close on August 7th. Highway Infrastructure intends to raise ₹130 crore, while Knowledge Realty Trust aims to raise ₹4,800 crore through their respective IPOs. The price band for Highway Infrastructure is set at ₹65-70 per share, while Knowledge Realty Trust is offering its shares at ₹95-100 per share. Following these initial offerings, JSW Cement, backed by Sajjan Jindal-led JSW Group, is scheduled to launch its ₹3,600-crore initial share sale on August 7th. This IPO will consist of a fresh issue of shares worth ₹1,600 crore and an offer-for-sale of shares worth ₹2,000 crore. The involvement of a prominent business group like JSW is likely to attract considerable investor attention and boost the IPO's prospects.
In addition to JSW Cement, All Time Plastics, a plastics consumerware maker backed by ace investor Sunil Singhania's Abakkus Asset Manager, will also open its IPO on August 7th. This IPO will be a combination of fresh issuance of shares worth ₹280 crore and an offer-for-sale of 43.85 lakh shares. The backing of a reputable asset manager like Abakkus is expected to lend credibility to the offering and attract both institutional and retail investors. Both JSW Cement and All Time Plastics are scheduled to close on August 11th. The price band for these offerings will be announced on August 4th, providing investors with the necessary information to assess the value proposition. The SME segment is also expected to experience a busy week, with eight IPOs scheduled to be launched. Six of these issues – Bhadora Industries, Parth Electricals & Engineering, Jyoti Global Plast, Aaradhya Disposal Industries, BLT Logistics, and Essex Marine – are scheduled to be launched in a single session on August 4th and will close on August 6th. This concentrated activity in the SME segment highlights the growing interest of smaller companies in accessing capital through public markets.
The remaining two companies in the SME segment – Sawaliya Foods Products and ANB Metal Cast – are scheduled to open their maiden public issues on August 7th and 8th, respectively, and close on August 11th and 12th. This staggered launch schedule allows investors to carefully evaluate each offering and make informed decisions. Meanwhile, the IPOs of Cash Ur Drive Marketing and Renol Polychem will remain open next week until August 4th. Flysbs Aviation is scheduled to close its public issue on August 5th. This provides investors with a final opportunity to participate in these offerings before they close. In addition to the IPO launches, the coming week will also witness the listing of fourteen companies on the bourses, including five in the mainboard segment. Video security and surveillance products maker Aditya Infotech and MSME lender Laxmi India Finance are scheduled to list their shares on the BSE and NSE effective August 5th. This will be followed by National Securities Depository (NSDL), M&B Engineering, and Sri Lotus Developers, which are scheduled for debut on August 6th.
Among these listings, Aditya Infotech IPO shares traded at the highest premium of over 40 percent in the grey market, the unofficial market for trading in the IPO shares until listing on the bourses. This indicates strong investor sentiment and expectations for the company's performance post-listing. National Securities Depository (NSDL) IPO shares were available at a 15-16 percent premium, M&B Engineering at 12 percent, and Sri Lotus Developers & Realty at over 24 percent. However, Laxmi India Finance IPO shares are not getting any premium in the grey market, according to market observers. This suggests a more cautious outlook for the company's performance. In the SME segment, the trading in Umiya Mobile and Repono shares will commence on the BSE SME effective August 4th, followed by Kaytex Fabrics shares on the NSE Emerge on August 5th. Further, Takyon Networks, Mehul Colours, and BD Industries (Pune) shares will be available for trading on the BSE SME effective August 6th. This will be followed by Renol Polychem and Cash Ur Drive Marketing, which are scheduled for debut on the NSE Emerge on August 7th. Flysbs Aviation will be the last listing from the SME segment next week, which will debut on the NSE Emerge on August 8th. This comprehensive schedule of IPOs and listings underscores the dynamism of the Indian primary market and its significance as a source of capital for companies across various sectors.
Source: Primary market mood remains strong as 12 IPOs to hit Dalal Street next week despite Nifty correction