The Indian primary market has been abuzz with activity recently, with several significant listings and initial public offerings (IPOs) keeping investors engaged. The last week of September promises to be the same as new companies gear up for subscriptions and listings. Let us take a closer look at the upcoming IPOs available for subscription and highlight some recent listings that have made waves in the market.

Recent Listings

Last week, three mainboard IPOs – Jupiter Life Line Hospitals, EMS Limited, and R R Kabel – successfully listed, collectively raising a total of ₹3,154 crore. It reflects the robust state of the Indian IPO market, which has been steadily growing globally.

Mahavir Lunawat, Managing Director of Pantomath Capital Advisors Pvt. Ltd, a mid-market investment bank, commented on this trend: “While remaining unfazed by global downward trends, India has notched the top position in world rankings in terms of initial public offerings (IPOs). The IPO graph of India at the global level has witnessed a steady growth trajectory. For instance, it was 6 per cent in 2021, 11 per cent in 2022, and now stands at 13 per cent year-to-date in 2023”

Several factors have contributed to this robust IPO performance, including a boost from foreign institutional investors, consistent corporate growth, and favourable monsoon predictions.

Upcoming IPOs for Subscription

Now, let’s shift our focus to the upcoming IPOs that investors can subscribe to in the coming week:

1) JSW Infrastructure IPO: This mainboard issue opens on September 25 and closes on September 27 to raise ₹2,800 crore from investors.

2) Updater Services IPO: This Chennai-based integrated facilities management company’s IPO opens for subscription on September 25 and closes on September 27 It is a book-built issue of ₹640 crore.

3) Valiant Laboratories IPO: The paracetamol manufacturer’s mainboard IPO opens for subscription on September 27 and closes on October 3 It is a book-built issue of ₹15246 crore.

4) Digikore Studios IPO: The SME IPO of this visual effects studio opens for subscription on September 25 and closes on September 27 It is a book-built issue of ₹30.48 crore.

5) Saakshi Medtech and Panels IPO: Another SME IPO opens for subscription on September 25 and closes on September 27, with a total issue size of ₹4516 crore.

6) Inspire Films IPO: This SME IPO opens for subscription on September 25 and closes on September 27, aiming to raise ₹2123 crores.

7) Newjaisa Technologies IPO: Another SME IPO opening on September 25 and closing on September 27 is set to raise ₹3993 crore.

8) Arabian Petroleum IPO: This SME IPO opens for subscription on September 25 and closes on September 27, with a total issue size of ₹20.24 crore.

9) Sunita Tools IPO: Opening on September 26 and closing on September 29, this SME IPO aims to raise ₹2204 crore.

10) Goyal Salt IPO: This book-built SME IPO opens on September 26 and closes on September 29, with a total issue size of ₹1863 crore.

11) City Crops Agro IPO: A fixed price SME IPO opening on September 26 and closing on September 29, with an issue size of ₹1500 crore.

12) Kontor Space IPO: Another fixed price SME IPO, it opens on September 27 and closes on September 29, with a total issue size of ₹1562 crore.

13) E Factor Experiences IPO: This book-built SME IPO opens on September 27 and closes on October 3, aiming to raise ₹2592 crore.

14) Vinyas Innovative Technologies IPO: Opening on September 27 and closing on October 3, this book-built SME IPO has a total issue size of 3313 lakh shares.

15) Canarys Automations IPO: This book-built SME IPO opens on September 27 and closes on October 3, with a total issue size of ₹4703 crore.

16) Vishnusurya Projects and Infra IPO: Opening on September 29 and closing on October 4, this fixed-price SME IPO aims to raise ₹50.00 crore.

Recent Listings

Additionally, here are some recent listings that have garnered attention in the Indian stock market:

1) Yatra Online Ltd: The shares of this mainboard IPO got listed on stock exchanges BSE and NSE on September 29

2) Chavda Infra Ltd: Shares of this SME IPO got listed on NSE SME on September 25

3) Kundan Edifice: Shares of this SME IPO got listed on NSE SME on September 26, with credits to demat accounts on September 25

4) Kody Technolab Ltd: Shares of this SME IPO got listed on NSE SME on September 28, with allotment finalization on September 25, refunds initiated on September 26, and credits to demat accounts on September 27

5) Holmarc Opto-Mechatronics Ltd: Shares of this SME IPO got listed on NSE SME on September 28, with allotment finalization on September 25, refunds initiated on September 26, and credits to demat accounts on September 27

6) Cellecor Gadgets: Shares of this SME IPO got listed on NSE SME on September 28, with allotment finalization on September 25, refunds initiated on September 26, and credits to demat accounts on September 27

7) Master Components Ltd: Shares of this SME IPO got listed on NSE SME on September 29, with allotment finalization on September 26, refunds initiated on September 27, and credits to demat accounts on September 28

8) Techknowgreen Solutions: Shares of this SME IPO got listed on NSE SME on September 29, with allotment finalization on September 26, refunds initiated on September 27, and credits to demat accounts on September 28

Summary

The Indian IPO market continues to be a hotspot for investors and companies looking to raise capital. The market’s momentum remains intense, with a diverse range of IPOs available for subscription and recent successful listings. Investors should carefully evaluate these opportunities and consider their investment strategies in this dynamic landscape.

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