As the primary market gears up for another action-packed week, investors have a full plate ahead with one mainboard IPO and three SME offerings set to open, alongside five new listings lined up for debut on the bourses.
Let’s take a look at what is coming up in the IPO lane from November 3-8.
Mainboard IPOs
Groww IPO
The headline act of next week’s IPO calendar is undoubtedly the Groww IPO, launched by Billionbrains Garage Ventures, the parent company behind one of India’s most popular investing platforms.
The Rs 6,632.30 crore public issue will open for bidding on November 4 and close on November 7. The price band has been fixed at Rs 95–100 per share, with a lot size of 150 shares.
The issue comprises a fresh share sale of Rs 1,060 crore and an offer for sale (OFS) worth Rs 5,572.30 crore, where promoters and several key investors including Peak XV Partners, Ribbit Capital, and YC Holdings will partially offload their stakes.
SME IPOs
The SME space continues to stay buzzing, with three companies – Shreeji Global FMCG, Finbud Financial Services, and Curis Lifesciences hitting the market next week.
Shreeji Global FMCG IPO
Shreeji Global FMCG will open its Rs 85 crore issue on November 4, closing on November 7. The IPO, entirely a fresh issue, has a price band of Rs 120–125 per share. Retail investors can apply in lots of 2,000 shares. The shares are scheduled to list on NSE SME on November 12.
Finbud Financial Services IPO
The Rs 71.68 crore public issue of Finbud Financial Services will open on November 6 and close on November 10. Priced between Rs 140–142 per share, the IPO is also a fresh issue, with shares expected to debut on NSE SME on November 13.
Curis Lifesciences IPO
Curis Lifesciences’ Rs 27.52 crore issue will open on November 7 and run till November 11, with a price band of Rs 120–Rs 128 per share. The listing is likely on November 14 on NSE SME. Each lot for retail investors comprises 2,000 shares.
Five new listings next week
While fresh IPOs open for subscription, the secondary market will also see five new listings making their way to the exchanges.
Jayesh Logistics will list on November 3
Game Changers Texfab on November 4
Orkla India and Safecure Services on November 6
Studds Accessories on November 7