The IPO market in India has kicked off with full fledge this year, with plenty to look forward to keeping investors with an action-packed week ahead. From mainboard IPOs to small and medium enterprises (SMEs) making their debut, this week alone, 7 IPOs are set to open for subscription, while several others gear up for listing.
Key IPOs to watch this week
Mainboard issue
1. Standard Glass Lining IPO
A mainboard public issue, Standard Glass Lining IPO opens for subscription from January 6 to January 8, 2025. This Rs 410.05 crore IPO features a fresh issue of Rs 210 crore and an offer for sale worth Rs 200.05 crore. The price band of the issue is kept between the range of Rs 133 to Rs 140 per share, investors can bid in lots of 107 shares.
GMP: As per the current recent trends, the shares of this mainboard issue is trading at a premium of Rs 97, indicating an estimated listing price of Rs 237 per share. This suggests a 69.29% gain over the issue price of Rs 140 per share.
2. Quadrant Future Tek IPO
The three-day bidding window for this public issue will be running from January 7 to January 9. This IPO offers a fresh issue of Rs 290 crores. The price band is set between Rs 275 to Rs 290, with Sundae Capital Advisors managing the process.
GMP: Quadrant Future Tek IPO, another mainboard issue, ahead of its opening tomorrow, in the grey market is trading at a premium of Rs 180, suggesting a potential listing price of Rs 470 per share, that is, a 62.07% surge over the issue price of Rs 290 per share.
3. Capital Infra Trust Invit IPO
With a Rs 1,578 crore issue, this IPO will also be available from January 7 to January 9. The price range is set between the range of Rs 99 to Rs 100 per share. This IPO includes a fresh issue worth Rs 1,077 crore and an offer for sale of Rs 501 crore.
GMP: As of the recent development, the GMP of this mainboard issue is nil, with the listing estimated at the upper price band of Rs 100 per share.
SME issues
4. Indobell Insulation IPO
A Rs 10.14 crore fixed-price offering, this public issue will open for subscription from January 6 to January 8, 2025, with shares priced at Rs 46 each.
GMP: The grey market premium of this BSE SME issue is currently nil, with current trend indicating the issue will list at its upper price band of Rs 46 per share.
5. Delta Autocorp IPO
With a Rs 54.60 crore offering, this IPO will open for subscription from January 7 to January 9. Shares are priced between Rs 123 to Rs 130, with GYR Capital Advisors as the book running lead manager, and Link Intime as the registrar for the issue.
GMP: A NSE SME issue, the shares of the company in the grey market are commanding at a premium of Rs 70, projecting a likely listing at Rs 200 per share, or 53.85% higher against the issue price.
6. B.R. Goyal IPO
The public offering will be open for its bidding from January 7 to January 9, 2024. With a price band set between Rs 128 to Rs 135, this Rs 85.21 crore IPO consist of a fresh issue of 63.12 lakh shares.
GMP: This BSE SME issue is trading at a premium of Rs 21 in the grey market, with a potential listing at Rs 156 per share or 15.56 per cent higher, as per the current development.
Also Read: Indo Farm Equipment IPO GMP soars 42%: Here’s what GMP indicates about listing
7. Avax Apparels and Ornaments IPO
A fixed-price issue worth Rs 1.92 crore, this IPO opens from January 7 to January 9, with shares priced at Rs 70 each. The lead managers of the IPO is SKI Capital Services, while Skyline Financial Services will serve as the registrar.
GMP: The GMP of this upcoming BSE SME issue is trading at a premium of Rs 21 prior to the opening of the issue for subscription tomorrow. This current trend indicates a listing price of Rs 91 per share.
Upcoming Listings
Several companies are set for their stock market debut this week after their bidding process and allotment of sharea.
The listing of Indo Farm Equipment IPO is scheduled on January 7, while Leo Dry Fruits and Spices IPO is set for January 8.
Parmeshwar Metal IPO and Davin Sons IPO will follow on January 9, and Fabtech Technologies IPO will make its entry on January 10.
However, it is important to note that GMP is not the actual listing price as it is an unofficial marketplace and may fluctuate based on the market sentiment.