The Indian primary market is set for a busy week with a wave of initial public offerings (IPOs) scheduled to open for subscription across both the mainboard and SME segments. Investors will have a variety of options to choose from, with 20 IPOs opening next week. Furthermore, several companies are also slated to make their stock market debut, adding to the excitement.
Mainboard IPOs
Four mainboard IPOs are scheduled to open this week: Glottis, Fabtech Technologies, Om Freight Forwarders, and Advance Agrolife.
- Glottis: The IPO is a combination of a fresh issue of 1.24 crore shares aggregating to ₹160 crore and an offer for sale of 1.14 crore shares aggregating to ₹147 crore. The issue price has been fixed at ₹120-129 per share. Retail investors can bid for a minimum of 114 shares, aggregating to an investment of ₹14,706. The share allotment status will be finalized on October 3, and shares will be listed on the NSE and BSE on October 7. As of now, the Grey Market Premium (GMP) is ₹12, indicating a 9.3% increase over the issue price. Based on this, the expected listing price is ₹141. Glottis provides logistics solutions to its clients via ocean, air, and road transportation.
- Fabtech Technologies: This IPO is entirely a fresh issue of 1.21 crore shares aggregating to ₹230.35 crore. The issue is priced between ₹181 and ₹191 per share. The IPO opens on September 29 and closes on October 1, with shares expected to list on October 7.
- Om Freight Forwarders: The IPO is a book-built issue of ₹122.31 crores, including a fresh issue of 0.18 crore shares for ₹24.44 crores and an offer for sale of 0.73 crore shares for ₹97.88 crores. It opens on September 29 and closes on October 3, priced between ₹128 and ₹135 per share. As of now, the IPO's Grey Market Premium (GMP) is ₹11, indicating an 8.15% increase over the issue price.
- Advance Agrolife: This IPO consists of a fresh issue of 1.93 crore shares aggregating to ₹192.86 crore. The price band is set at ₹95–100 per share. The IPO will be open for bidding from September 30 to October 3, with listing expected on October 8.
SME IPOs
In addition to the mainboard IPOs, 16 SME IPOs are also scheduled to open this week. These include Chiraharit, Sodhani Capital, Vijaypd Ceutical, Om Metallogic, Suba Hotels, Dhillon Freight Carrier, Shlokka Dyes, Shipwaves Online, Greenleaf Envirotech, Valplast Technologies, BAG Convergence, Zelio E-Mobility, Sheel Biotech, Infinity Infoway, Munish Forge, and Sunsky Logistics.
Key Listings to Watch
Several companies are also scheduled to make their stock market debut this week. These include Epack Prefab Technologies, BMW Ventures, and Jain Resource Recycling, which will be listed on October 1. Jinkushal Industries and Trualt Bioenergy are scheduled to make their market debut on October 3.
How to Invest
Investors interested in these IPOs will need to apply through their respective brokers. It is important to carefully read the IPO prospectus before investing to understand the risks and potential rewards. Investors should also consider their own investment goals and risk tolerance before making any decisions.
