From Hyundai IPO, Waree Energies to NSDL, KRN Heat Exchanger: 5 most trending IPOs in October so far on Google Trends

KRN Heat Exchanger 

The company listed on October 03 made a stellar Dalal Street debut. The stock was listed at Rs 480 on NSE, a premium of 118% over the issue price of Rs 220 per equity share. The IPO was one of the most searched on Google, according to Google Trends data. Also, the shares of KRN Heat Exchanger were attracting a grey market premium (GMP) of Rs 240 to the issue price ahead of listing.

Waree Energies

The IPO opening this/next week aims to raise Rs 4,321 crore from the primary capital market and will close on October 23. The issue includes both the sale of fresh shares and the offer for sale. The company’s IPO price band ranges between Rs 1,427 and Rs 1,503 per equity share. Waree Energies’ stocks command a 95% in the grey market. The company is an Indian manufacturer of solar PV modules with an aggregate installed capacity of 12 GW. The company’s listing is likely to be on October 28. 

NTPC Green Energy IPO

NTPC Green Energy, a subsidiary of NTPC, is set to launch an IPO of Rs 10,000 crore. The IPO is expected to open in the first week of November. NTPC Green Energy earlier in September filed draft papers with the markets’ watchdog. The IPO is expected to raise fresh capital and would not have an offer-for-sale component. The IPO was one of the most searched on Google, according to Google Trends data. 

Hyundai IPO

India’s biggest IPO yet, which is about to list on October 22, raised a sum of Rs 27,870 crore through an offer for sale of 14.22 crore shares. The IPO was subscribed to a total of 2.37 times, which was driven majorly by QIBs, which booked the issue almost 7 times. However, the retail portion was subscribed to 50% while NIIs subscribed to the issue 0.6 times. The automobile giant’s stocks were available at a discount in the grey market, indicating buyers’ lacklustre response to the issue and a negative listing. 

NSDL IPO

The NSE-backed NSDL got the approval of the securities regulator SEBI for an IPO. The company handles most of the securities held and settled in dematerialised form in the Indian capital market. NSDL filed its draft papers with the market’s watchdog on July 07, 2023. The issue will be a pure offer for sale, through which NSE and IDBI Bank will be selling their stakes. The depository will sell 57.3 million shares of six shareholders, according to the DRHP.