IPO Schedule: 7 public issues are ready for you with 6 listings lined up for next week
IPO Schedule – The upcoming week in the new year of 2025 promises to be a bustling one for the primary market, with seven new public issues set to make their debut on Dalal Street. Six companies are scheduled for listings, aiming to raise over Rs 2,400 crore through initial public offerings starting from January 6.
One of the companies leading the charge is Standard Glass Lining Technology, a manufacturer of engineering equipment for the pharmaceutical and chemical sectors. Their IPO, with a total size of Rs 410.05 crore, opened for subscription on January 6 after raising Rs 123.02 crore through an anchor book on January 3. The price band for the offer, closing on January 8, has been set at Rs 133-140 per share, with a fresh issuance of equity shares worth Rs 210 crore and an offer-for-sale of 1.42 crore shares worth Rs 200.05 crore.
Another notable IPO is Quadrant Future Tek, a company specializing in new generation train control and signalling systems under the KAVACH project of the Indian Railways. They plan to raise Rs 290 crore through an initial share sale from January 7-9, with a price band of Rs 275-290 per share.
Capital Infra Trust, an infrastructure investment trust sponsored by Gawar Construction, will also be entering the market with a maiden public issue of Rs 1,578 crore on January 7. The price band for this offering is set at Rs 99-100 per unit, with a fresh issue of Rs 1,077 crore worth units and an offer-for-sale of units worth Rs 501 crore, closing on January 9.
Lastly, Indobell Insulation will be the first IPO from the SME segment opening on January 6, aiming to raise Rs 10.14 crore through a fixed price issue at Rs 46 per share. The offer will close on January 8, marking an exciting start to the new year for investors
B R Goyal Infrastructure IPO
B R Goyal Infrastructure is set to launch the largest IPO among the four upcoming offerings, with a public subscription opening on January 7. The price band for the shares is expected to be between Rs 128-135 per share, aiming to raise Rs 85.21 crore through a fresh issue. Investors have until January 9 to bid on the offer.
Delta Autocorp IPO
The electric two-wheeler and three-wheeler manufacturer will also kick off its Rs 54.6-crore initial share sale on January 7. The price range for the offer is set at Rs 123-130 per share. The IPO, closing on January 9, includes a fresh issue of 38.88 lakh shares worth Rs 50.54 crore, along with an offer-for-sale of 3.12 lakh shares worth Rs 4.06 crore.
Avax Apparels and Ornaments IPO
Among the upcoming IPOs, Avax Apparels and Ornaments is the smallest, scheduled to open next week. Avax, a wholesaler of knitted fabric and seller of silver ornaments, plans to raise Rs 1.92 crore through a fixed price public issue at Rs 70 per share. The offer will be open for subscription from January 7 to January 9.
IPOs Closing Next Week
Parmeshwar Metal and Davin Sons Retail will conclude their public issues on January 6, with subscription rates of 41.96 times and 11.95 times, respectively, as of last week. Fabtech Technologies Cleanrooms’ initial share sale is also set to close on January 7, after being oversubscribed 18.46 times on the first day of bidding.
Listings Next Week
Indo Farm Equipment is the sole company from the mainboard segment scheduled for listing on January 7, following an IPO that was oversubscribed 229.68 times. Grey Market observers, Narayan Ventures is indicating the GMP to be around 45%.
In the SME segment, there are five upcoming listings on the BSE SME. Technichem Organics is set to make its debut on January 7, followed by Leo Dry Fruits and Spices Trading on January 8. Parmeshwar Metal and Davin Sons Retail will list their shares on January 9, with trading in Fabtech Technologies Cleanrooms shares beginning on January 10.
Hence, IPO schedule is packed for the next week that is going to start tomorrow. For IPO schedule for mainboard IPOs check our IPO dashboard.
Stay tuned for more updates and insights on the stock market! For more insights on investing in the Indian stock market, check out resource like NSE India.
Disclaimer: This blog post is for informational purposes only and should not be considered financial advice. Investors should conduct thorough research and consult with a qualified financial advisor before making any investment decisions.