After a surge in IPO activity post the June general election, the primary market will see a brief pause next week with no new mainboard issues. However, an SME IPO from Sahaj Solar is set to open on July 11.
Analysts believe that India’s strong economic foundation and promising growth prospects make it an ideal time for the country’s thriving IPO market.
“India’s robust economic foundation and bright growth prospects make it an excellent time for the country’s thriving IPO market. We anticipate substantial investment in public markets and high demand for both new-age and conventional businesses in the near future,” said Mahavir Lunawat, Managing Director of Pantomath Capital Advisors Pvt. Ltd.
He added, “A stronger H2 CY25 for the IPO market is anticipated, with increased activity, potentially larger deals, and new listings across diverse sectors. As always, thorough analysis of individual company fundamentals and future prospects remains crucial before making any investment decisions.”
Despite no new mainboard offerings, the market will witness listings of Emcure Pharmaceuticals and Bansal Wire, both attracting significant investor interest.
IPOs Open Next Week
Sahaj Solar IPO
- Subscription Period: July 11 to July 15, 2024
- Issue Size: ₹52.56 crores (29.2 lakh shares)
- Price Band: ₹171 to ₹180 per share
- Lead Manager: Kunvarji Finstock Pvt Ltd
- Registrar: Kfin Technologies Limited
Ambey Laboratories IPO
- Subscription Period: July 4 to July 8, 2024
- Issue Size: ₹44.68 crores (62.58 lakh shares fresh issue, 3.12 lakh shares offer for sale)
- Price Band: ₹65 to ₹68 per share
- Lead Manager: Fast Track Finsec Pvt Ltd
- Registrar: Link Intime India Private Ltd
- Market Maker: Nikunj Stock Brokers
Ganesh Green Bharat IPO
- Subscription Period: July 5 to July 9, 2024
- Issue Size: ₹125.23 crores (65.91 lakh shares)
- Price Band: ₹181 to ₹190 per share
- Lead Manager: Hem Securities Limited
- Registrar: Kfin Technologies Limited
- Market Maker: Hem Finlease
Effwa Infra and Research IPO
- Subscription Period: July 5 to July 9, 2024
- Issue Size: ₹51.27 crores (53.17 lakh shares fresh issue, 9.36 lakh shares offer for sale)
- Price Band: ₹78 to ₹82 per share
- Lead Manager: Shreni Shares Limited
- Registrar: Bigshare Services Pvt Ltd
- Market Maker: Rikhav Securities
New Listings
Emcure Pharmaceuticals IPO
- Allotment Date: July 8, 2024
- Listing Date: July 10, 2024 (BSE and NSE)
Bansal Wire IPO
- Allotment Date: July 8, 2024
- Listing Date: July 10, 2024 (BSE and NSE)
Ambey Laboratories IPO
- Allotment Date: July 9, 2024
- Listing Date: July 11, 2024 (NSE SME)
Ganesh Green Bharat IPO
- Allotment Date: July 10, 2024
- Listing Date: July 12, 2024 (NSE SME)
Effwa Infra and Research IPO
- Allotment Date: July 10, 2024
- Listing Date: July 12, 2024 (NSE SME)
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