As December moves into its final stretch, the primary market is set to see fresh activity. Between December 15-19, one mainboard IPO and three SME issues will open for subscription, while several companies prepare to list on the stock exchanges, including ICICI Prudential AMC.
Let’s take a look at which IPOs are opening, listing and more between Dec 15-19 –
One mainboard issue to watch
KSH International
The spotlight on the fundraising front will be on KSH International, the only mainboard IPO opening next week. The issue is a mix of fresh shares and an offer for sale, with the company looking to raise over Rs 700 crore through the public issue. A portion of the proceeds will go to the company, while existing shareholders will partially exit through the offer-for-sale component.
The IPO will open on December 16 and close on December 18, with shares expected to be allotted by December 19. The company is set to list on both the BSE and NSE, with trading likely to begin on December 23. The price band has been fixed in the Rs 365-384 range, and the issue is being managed by Nuvama Wealth Management, with MUFG Intime handling the registrar duties.
SME space
Alongside the mainboard offering, three SME IPOs will hit the market across the week. This include –
Neptune Logitek
Neptune Logitek will kick off the SME action, opening its issue on December 15. This is a fixed-price IPO and consists entirely of fresh shares. The offer will close on December 17, and the stock is expected to list on the BSE SME platform on December 22.
MARC Technocrats
MARC Technocrats will follow with a book-built issue opening on December 17 and closing on December 19. The IPO includes both a fresh issue and an offer for sale. The price band has been set between Rs 88-93 per share.
Global Ocean Logistics
Global Ocean Logistics will also open its SME IPO on December 17. This issue is fully a fresh offer and is priced in the Rs 74-78 range. The company plans to list on the SME platform after the issue closes on December 19.
Listings to watch
Monday, December 15 – Corona Remedies and Wakefit Innovations are scheduled to list on the mainboard. In the SME segment, Riddhi Display, Prodocs Solutions and KV Toys India are also set to debut.
Wednesday, December 17 – Nephrocare Health and Park Medi World are expected to list on the mainboard, while Unisem Agritech and Shipwaves Online will enter the SME space.
Thursday, December 18 – Pajson Agro India and HRS Aluglaze are scheduled to make their debut on the SME platform.
Friday, December 19 – ICICI Prudential AMC is set to list on the stock exchanges. The SME segment will also see Stanbik Agro, Ashwini Container and Exim Routes making their market debut.