The primary market is set for a quieter but still active week as the final days of January approach. Those who are looking for large, headline grabbing mainboard initial public offerings (IPOs) may have to wait a little longer, as there are no new mainboard issues scheduled between January 26-30. However, activity in the small and medium enterprises (SME) segment will remain active, with six new IPOs lined up for subscription and several companies preparing to make their stock market debut.
Let’s take a look at the key details of the issue –
SME issues
Next week, all eyes will be on the SME space, where six companies are set to open their IPOs.
Kasturi Metal Composite
Kasturi Metal Composite is set to open its IPO on January 27, with the issue closing on January 29. The company plans to raise Rs 17.61 crore entirely through a fresh issue, with shares priced in the range of Rs 61-64. The stock is scheduled to be listed on February 3.
NFP Sampoorna Foods
NFP Sampoorna Foods will also open its IPO on January 27 and close on January 29. The issue size stands at Rs 24.53 crore, with a price band of Rs 52-55 per share. Like Kasturi Metal Composite, this IPO is a fresh issue and is expected to list on February 3.
Kanishk Aluminium
Kanishk Aluminium India will enter the primary market on January 28. The company aims to raise Rs 29.20 crore through a fresh issue priced at Rs 73 per share. The subscription window will close on January 30, and the listing is expected on February 4.
Msafe Equipments
Msafe Equipments is another issue opening on January 28. The IPO, which includes both a fresh issue and an offer for sale, is sized at Rs 66.42 crore. The price band has been fixed between Rs 116-123 per share, with the issue closing on January 30 and listing slated for February 4.
Accretion Nutraveda
Accretion Nutraveda will also open its IPO on January 28. The company plans to raise Rs 24.77 crore through a fresh issue, with shares priced between Rs 122-129. The subscription period ends on January 30, with a tentative listing date of February 4.
CKK Retail Mart
CKK Retail Mart will be the last SME IPO to open during the week, starting on January 30 and closing on February 3. The price band has been set at Rs 155-163 per share, and the stock is expected to list on February 6.
Listing to watch
Shadowfax Technologies is scheduled to list on January 28 on both NSE and BSE.
Digilogic Systems will also make its market debut on January 28 on BSE SME.
KRM Ayurveda is set to list on the NSE SME platform on January 29.
Shayona Engineering will list on January 30 on BSE SME.
Hannah Joseph Hospital is also scheduled to list on January 30 on BSE SME.