Indian Primary Market Set for Busy Week with 9 IPOs Worth Rs 11,000 Crore

Strategic Insights -

The Indian primary market is expected to witness a significant week with the launch of nine initial public offerings (IPOs) worth Rs 11,000 crore from October 21, 2024. Among these, Hyundai Motor India is scheduled for listing, indicating a busy period for both investors and companies looking to go public. The IPOs include a mix of large and small enterprises across various sectors, including solar energy, construction, ethanol-based chemicals, and automotive components.

Key Takeaways:

  • Waaree Energies, a solar photovoltaic module manufacturer, will launch a Rs 4,321 crore IPO from October 21 to 23, 2024, with a price band of Rs 1,427-1,503 per share.
  • Deepak Builders & Engineers India will open its Rs 260 crore IPO between October 21 and 23, 2024, with a price band of Rs 192-203 per share.
  • Godavari Biorefineries, operating in the ethanol-based chemicals sector, will launch its Rs 555 crore IPO from October 23 to 25, 2024, with a price band of Rs 334-352 per share.
  • Afcons Infrastructure, part of the Shapoorji Pallonji group, will open a Rs 5,430 crore IPO on October 25, 2024, with a fresh issue of Rs 1,250 crore and an offer-for-sale worth Rs 4,180 crore.
  • Premium Plast, an SME IPO worth Rs 26 crore, will take place between October 21 and 23, 2024, with a price band of Rs 46-49 per share.
  • Danish Power, a transformer manufacturer, is set to launch its SME IPO from October 22 to 24, 2024, with a price band of Rs 360-380 per share.
  • United Heat Transfer's Rs 30 crore SME IPO will take place from October 22 to 24, 2024, with a price band of Rs 56-59 per share.
  • OBSC Perfection, a precision metal component manufacturer, will raise Rs 66 crore through its IPO from October 22 to 24, 2024, offering shares at Rs 95-100 per share.
  • Usha Financial Services, a non-banking finance company, will offer a Rs 98.45 crore IPO between October 24 and 28, 2024, comprising 58.6 lakh shares with a price range of Rs 160-168 per share.

Statistics:

  • Total IPOs: 9
  • Total Issue Size: Rs 11,000 crore
  • Waaree Energies IPO: Rs 4,321 crore
  • Deepak Builders & Engineers India IPO: Rs 260 crore
  • Godavari Biorefineries IPO: Rs 555 crore
  • Afcons Infrastructure IPO: Rs 5,430 crore
  • Premium Plast SME IPO: Rs 26 crore
  • Danish Power SME IPO: Entirely fresh issue of 52.08 lakh shares
  • United Heat Transfer SME IPO: Rs 30 crore, price band of Rs 56-59 per share
  • OBSC Perfection IPO: Rs 66 crore, offer shares at Rs 95-100 per share
  • Usha Financial Services IPO: Rs 98.45 crore, 58.6 lakh shares with price range of Rs 160-168 per share

Sources:

*Waaree Energies IPO: To be launched from October 21 to 23, 2024, with a price band of Rs 1,427-1,503 per share. [1]

*Deepak Builders & Engineers India IPO: To open its Rs 260 crore IPO between October 21 and 23, 2024, with a price band of Rs 192-203 per share. [2]

*Godavari Biorefineries IPO: To launch its Rs 555 crore IPO from October 23 to 25, 2024, with a price band of Rs 334-352 per share. [3]

*Afcons Infrastructure IPO: To open a Rs 5,430 crore IPO on October 25, 2024, with a fresh issue of Rs 1,250 crore and an offer-for-sale worth Rs 4,180 crore. [4]

*Premium Plast SME IPO: To take place between October 21 and 23, 2024, with a price band of Rs 46-49 per share. [5]

*Danish Power SME IPO: To launch its SME IPO from October 22 to 24, 2024, with a price band of Rs 360-380 per share. [6]

*United Heat Transfer SME IPO: To take place from October 22 to 24, 2024, with a price band of Rs 56-59 per share. [7]

*OBSC Perfection IPO: To raise Rs 66 crore through its IPO from October 22 to 24, 2024, offering shares at Rs 95-100 per share. [8]

*Usha Financial Services IPO: To offer a Rs 98.45 crore IPO between October 24 and 28, 2024, comprising 58.6 lakh shares with a price range of Rs 160-168 per share. [9]

References:

[1] Contify, "Waaree Energies to Launch Rs 4,321 Crore IPO From October 21, 2024"

[2] Contify, "Deepak Builders & Engineers India to Open Rs 260 Crore IPO Between October 21 and 23, 2024"

[3] Contify, "Godavari Biorefineries to Launch Rs 555 Crore IPO From October 23 to 25, 2024"

[4] Contify, "Afcons Infrastructure to Open Rs 5,430 Crore IPO on October 25, 2024"

[5] Contify, "Premium Plast SME IPO to Take Place Between October 21 and 23, 2024"

[6] Contify, "Danish Power to Launch SME IPO from October 22 to 24, 2024"

[7] Contify, "United Heat Transfer SME IPO to Take Place from October 22 to 24, 2024"

[8] Contify, "OBSC Perfection to Raise Rs 66 Crore Through Its IPO From October 22 to 24, 2024"

[9] Contify, "Usha Financial Services to Offer Rs 98.45 Crore IPO Between October 24 and 28, 2024"