The primary market is gearing up for one of the busiest Decembers in history. A mix of large and small companies prepare to try their fortunes in the primary market. With three mainboard public issues and a long list of Small and Medium Enterprises (SME) offerings lined up, let’s take a look at the IPOs that are scheduled to open, list in the coming week –
Mainboard segment
The spotlight next week will be on three major companies – Meesho, Aequs and Vidya Wires as they open their Initial Public Offerings (IPOs) on Wednesday, December 3. These issues will remain open until Friday, December 5, setting the tone for a busy trading week.
Meesho IPO
Meesho, backed by global investors, will be the biggest IPO in the line-up next week. The company aims to raise Rs 5,421.2 crore through a combination of new shares and an Offer for Sale (OFS), where existing shareholders sell part of their stake. Its price band has been fixed between Rs 105-111 per share. Meesho’s shares are expected to be listed on the stock exchanges on December 10, after the share allotment process scheduled for December 8.
Aequs IPO
Aequs, a diversified contract manufacturer, will also open its public offer on the same day (December 3). The company plans to raise Rs 921.81 crore through a mix of a fresh issue and an OFS. The price band for Aequs has been set between Rs 118-124 per share, and the minimum application size for retail investors is 120 shares. The company expects to finalise allotment on December 8, with its market debut scheduled for December 10.
Vidya Wires
Vidya Wires, engaged in manufacturing winding and conductivity products will open its Rs 300 crore IPO on December 3 as well. It has fixed a price range of Rs 48-52 per share, with allotment likely on December 8 and listing expected on December 10. Like the other issues, Vidya Wires is raising money through a mix of new shares and an OFS.
SME section
While the mainboard will draw attention with big-ticket offerings, the SME segment will remain even more active. As many as eight SMEs are set to open their public issues across the week. These include companies from various fields such as food processing, diagnostics, adhesives, security services, tourism, chemical solutions and consumer products.
Starting Monday, December 1, several issues will hit the market. Astron Multigrain, Invicta Diagnostic, Speb Adhesives, Clear Secured Services and Ravelcare will begin accepting bids at the beginning of the week.
On Tuesday, December 2, Helloji Holidays and Neochem Bio Solutions will open their issues, followed by Luxury Time on December 4.
These companies are raising funds for business expansion, working capital and other general purposes.
Listings to watch out for
Along with new IPOs, the coming week will see a series of stock market debuts, especially in the SME space.
SSMD Agrotech India will begin trading on December 2.
Mother Nutri Foods and KK Silk Mills will list on December 3, while Exato Technologies, Logiciel Solutions and Purple Wave Infocom are scheduled to make their debut on December 5. All these companies will list on the BSE SME exchange.