The Indian primary market is poised for significant activity with the public listings of eight Initial Public Offerings (IPOs) this week, including Suraksha Diagnostics, Apex Ecotech, Ganesh Infraworld, and Agarwal Toughened Glass India. Additionally, 1 mainboard IPO and 2 SME IPOs will open for public bidding starting Monday, December 2.
Despite heightened geopolitical tensions, the Indian primary market experienced strong participation in the SME segment during the final week of November. A total of 7 SME IPOs were subscribed, with these firms now set to debut on Dalal Street this week.
Looking ahead, the IPO landscape this week includes one mainboard IPO and two SME IPOs, all of which aim to raise funds in the first week of December.
Property Share Investment Trust is a small and medium (SM) real estate investment trust (REIT) registered with SEBI. Established in June 2024, the REIT’s initial scheme is structured in compliance with REIT Regulations and includes six fully owned special purpose vehicles (SPVs).
The Property Share REIT IPO is a book-built issue with a size of ₹352.91 crore. The company has set the price band for the IPO between ₹10 lakh and ₹10.5 lakh per unit, with a minimum lot size of 1 unit. The offer opens on Monday, December 2, and closes on Wednesday, December 4. The IPO is expected to be listed on the BSE and NSE on Monday, December 9.
Nisus Finance Services Co. Ltd, a financial services firm, offers transaction advisory, fund and asset management, private equity, venture debt, and capital solutions to corporate clients. The company is offering a fresh issue of 56.46 lakh shares worth ₹101.62 crore, along with an offer-for-sale (OFS) component of 7.01 lakh shares worth ₹12.61 crore.
The company seeks to raise ₹114.24 crore from the Indian stock market. The IPO opens for public bidding on Wednesday, December 4, and closes on Friday, December 6. It is expected to list on the BSE SME index on Wednesday, December 11. The price band for the public issue is set at ₹170 to ₹180 per share, with a minimum lot size of 800 shares.
Emerald Tyre Manufacturers Limited, an SME segment firm, manufactures and exports vehicle tyres under the brand name Greckster to international markets, including the USA, UAE, Russia, and major European countries like Belgium, Germany, and Italy.
The company is offering a fresh issue of 49.86 lakh shares worth ₹47.37 crore, along with an offer-for-sale (OFS) component of 1.99 lakh shares worth ₹1.89 crore. The IPO opens for bidding on Thursday, December 5, and closes on Monday, December 9. It is expected to list on the NSE SME index on Thursday, December 12.
Dalal Street will witness the listing of 8 IPOs starting Monday, December 2. Rajesh Power Services IPO will be listed on the BSE SME index on December 2.
On Tuesday, December 3, C2C Advanced Systems IPO and Rajputana Biodiesel IPO will debut on the NSE SME index.
On Wednesday, December 4, Abha Power and Steel IPO along with Apex Ecotech IPO will be listed on the NSE SME index.
Additionally, the following IPOs are set to close their public bidding this week: Suraksha Diagnostics, a mainboard IPO, is expected to list on both the NSE and BSE on Friday, December 6.
Agarwal Toughened Glass India IPO and Ganesh Infraworld IPO are set to list at the NSE SME index on Thursday, December 5, and Friday, December 6, respectively.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.
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