The IPO market is buzzing as January 2025 comes to a close, with several companies opening their doors to investors. From healthcare to logistics and beyond, the upcoming week is a mix of mainboard and SME issues, along with allotments and listings from the previous week.
Here’s a look at what the final week of January (January 26 – February 2, 2025) has in store:
Upcoming IPOs this week
Dr. Agarwals Healthcare IPO
Dr. Agarwals Healthcare, a Rs 3,027.26 crore issue is set to open for subscription from January 29 to January 31. This book-built IPO offers shares in the price band of Rs 382 to Rs 402. After the bidding process, the allotment will be finalised on February 3, with the shares expected to list on the BSE and NSE on February 5.
GMP: As of the current trend, the shares of the company are trading at a premium of Rs 60 in the grey market ahead of the opening of the issue, indicating a potential listing price of Rs 462 per share. This suggests 14.93% higher over the IPOs upper price band of Rs 60 per share.
However, GMP is not the official listing price and may fluctuate based on market sentiment.
Malpani Pipes IPO
Malpani Pipes is gearing up for its Rs 25.92 crore IPO. The subscription window for this issue is also set from January 29 to January 31, with a price band of Rs 85 to Rs 90 per share. The IPO, a fully fresh issue of 28.80 lakh shares. Allotment is scheduled for February 3, and the shares will debut on the BSE SME platform on February 5.
GMP: The shares of the company in the grey market are trading at a premium of Rs 20. This suggests a listing price of Rs 110 per share, which is 22.22% higher over the IPOs upper price band of Rs 90 per share.
Continuing IPOs from the previous week
Several IPOs, which opened for subscription in the prior week, will continue their bidding this week, with allotments and listings also scheduled.
H.M. Electro Mech IPO
The H.M. Electro Mech IPO is open for subscription from January 24 to January 28, 2025. Priced within a band of Rs 71 to Rs 75 per share, the issue size stands at Rs 27.74 crores. This IPO, entirely a fresh issue.
As of the latest data, the IPO is subscribed 7.87 times on Day 1, with the retail segment leading at 13.84 times. While the QIB category remains unsubscribed so far, the NII segment has seen a subscription of 4.44 times.
As per the latest trend, the GMP of this issue indicates an estimated listing price of Rs 99 per share, a premium of Rs 24.
GB Logistics IPO
GB Logistics IPO, with an issue size of Rs 7.14 crores, subscription period runs from January 24 to January 28, 2025, with shares priced between Rs 95 and Rs 102.
The GB Logistics IPO on its first day, received subscription of 5.85 times. Retail investors led the way with a subscription of 6.14 times, followed by QIBs at 7 times, and NIIs at 3.64 times.
In the grey market, an unofficial marketplace, the company’s shares are trading at a premium of Rs 21. This indicates a potential listing price of Rs 123 per share, which is 20.59% higher than the IPO’s upper price band of Rs 102 per share.
CLN Energy IPO
CLN Energy IPO, with an issue size of Rs 72.30 crores, the IPO is available for subscription from January 23 to January 27, 2025, at a price band of Rs 235 to Rs 250 per share.
CLN Energy IPO on its second day, reached a subscription of 2.81 times. The retail category saw the highest demand with a subscription of 3.74 times, while QIBs and NIIs followed with 1.07 times and 2.98 times, respectively.
As of now, the GMP of CLN Energy is nil, indicating an estimated listing at the upper price band of Rs 250 per share.
IPO allotments scheduled for the upcoming week
In the coming week, CLN Energy IPO is set to finalise its allotments on January 28, while both GB Logistics IPO and H.M. Electro Mech IPO will follow closely, with allotments scheduled for January 29. Additionally, allotments for Denta Water and Rexpro Enterprises NSE SME will be completed earlier in the week, on January 27.
Listing dates for IPOs – Dates to watch
Post-allotment, these IPOs are set to debut on the stock exchanges. CapitalNumbers Infotech is set to debut on the Indian exchanges on January 21. The CLN Energy IPO will list on the BSE SME platform on January 30. GB Logistics IPO and H.M. Electro Mech IPO is scheduled to list on January 31. Meanwhile, Denta Water and Rexpro Enterprises NSE SME are scheduled for listing on January 29.