Indian Market Prepares for Busy Week with Five IPOs, Three Listings

The Indian stock market is poised for a period of heightened activity in the primary segment, with five new initial public offerings (IPOs) and three new listings scheduled for the upcoming week. This follows a year where the Indian IPO market reportedly witnessed significant fundraising. The primary market is described as gearing up for a comeback or being all set to be back in action.

Upcoming Public Offers

Investors will have the opportunity to subscribe to two new IPOs in the mainboard segment and three in the small and medium enterprise (SME) segment.

Borana Weaves Limited IPO: This mainboard IPO is a book-building issue scheduled to open for subscription on May 20 and close on May 22. The offering is entirely a fresh issue of 0.67 crore shares, aiming to raise ₹144.89 crore. The price band for the issue is set between ₹205 and ₹216 per share. Beeline Capital Advisors Pvt Ltd is the book-running lead manager, with Kfin Technologies Limited serving as the registrar.

Belrise Industries Limited IPO: Another mainboard IPO, this is a book-building issue opening on May 21 and closing on May 23. It is entirely a fresh issue of 23.89 crore shares, with a substantial issue size of ₹2,150 crore. The price band for this IPO is fixed between ₹85 and ₹90 per share. The book-running lead managers are Axis Capital Limited, Hsbc Securities & Capital Markets Pvt Ltd, Jefferies India Private Limited, and SBI Capital Markets Limited, while Link Intime India Private Ltd is the registrar.

Victory Electric Vehicles IPO: An SME segment offering, this IPO is scheduled to open on May 20 and close on May 23. It is a fixed-price issue of ₹40.66 crore, consisting entirely of a fresh issue of 56.47 lakh shares. The price for the issue is ₹72 per share. Corpwis Advisors Private Limited is the book-running lead manager, and Maashitla Securities Private Ltd is the registrar.

Dar Credit and Capital IPO: This SME IPO is a book-building issue set to open on May 21 and close on May 23. It is entirely a fresh issue of 42.76 lakh shares, with an issue size of ₹25.66 crore. The price band for this SME IPO is between ₹57 and ₹60 per share. GYR Capital Advisors Private Limited is the book-running lead manager, and Kfin Technologies Limited is the registrar.

Unified Data- Tech IPO: The final IPO opening next week is an SME offering scheduled for May 22, closing on May 26. This book-building issue of ₹144.47 crore is entirely an offer for sale of 52.92 lakh shares. The SME IPO price band is set from ₹260 to ₹273 apiece. Hem Securities Limited serves as the book-running lead manager, with Kfin Technologies Limited as the registrar.

Upcoming Listings

In addition to the new issues, the market indices will also see the debut of three IPOs that recently concluded their subscription phases.

Virtual Galaxy Infotech IPO: The allotment for this IPO was finalised on Thursday, May 15. The listing is scheduled to occur on NSE SME on May 19.

Integrity Infrabuild Developers IPO: Allotment for this issue was finalised on Friday, May 16. It is set to list on NSE SME with a tentative listing date of Tuesday, May 20.

Accretion Pharmaceuticals IPO: Allotment for this IPO is anticipated to be finalised on Monday, May 19. The tentative listing date on NSE SME is fixed for Wednesday, May 21.

The coming week thus presents a crowded schedule for the primary market, encompassing both new subscription opportunities and several stock debuts across mainboard and SME segments