Indian IPO Market Heats Up: Four New Listings, Including Kataria and Sanstar, to Launch Next Week

The stock market is gearing up for a busy week with four new initial public offerings (IPOs) set to launch. This includes three IPOs in the small and medium enterprise (SME) segment and one in the mainboard segment.

Last week, the market saw the closure of Emcure Pharma and Bansal Wire Industries’ IPOs, which attracted strong interest from investors.

Market Trends and Insights

“In the first half of this financial year, we saw a surge in IPOs in the Indian capital market due to favorable market conditions, strong economic growth, and stable interest rates,” said Mahavir Lunawat, Managing Director of Pantomath Capital Advisors Pvt. Ltd. “Both domestic institutional investors and retail investors are actively participating. Over the next few months, 55 companies plan to raise ₹68,000 crore through IPOs. Next week, the IPO of Sanstar Limited will launch to raise over 500 crores.”

Upcoming IPOs

Sanstar Limited IPO

• Open for Subscription: July 19 – July 23
• Issue Size: ₹510.15 crore (Fresh issue: ₹397.10 crore; Offer for sale: ₹113.05 crore)
• Price Band: ₹90 – ₹95 per share
• Book Running Lead Manager: Pantomath Capital Advisors Pvt. Ltd.
• Registrar: Link Intime India Private Ltd.

Tunwal E-Motors IPO

• Open for Subscription: July 15 – July 18
• Issue Size: ₹115.64 crore (Fresh issue: ₹81.72 crore; Offer for sale: ₹33.93 crore)
• Fixed Price: ₹59 per share
• Book Running Lead Manager: Horizon Management Private Limited
• Registrar: Skyline Financial Services Private Ltd.
• Market Makers: Nikunj Stock Brokers and Giriraj Stock Broking

Macobs Technologies IPO

• Open for Subscription: July 16 – July 19
• Issue Size: ₹19.46 crore (Entirely fresh issue)
• Price Band: ₹71 – ₹75 per share
• Book Running Lead Manager: SKI Capital Services Limited
• Registrar: Maashitla Securities Private Limited
• Market Maker: SKI Capital Services Limited

Kataria Industries IPO

• Open for Subscription: July 16 – July 19
• Issue Size: ₹54.58 crore (Entirely fresh issue)
• Price Band: ₹91 – ₹96 per share
• Book Running Lead Manager: Interactive Financial Services Ltd.
• Registrar: Bigshare Services Pvt. Ltd.

SAR Televenture FPO

• Open for Subscription: July 22 – July 24
• Issue Size: ₹150 crore (Entirely fresh issue)
• Price Band: ₹200 – ₹210 per share
• Book Running Lead Manager: Pantomath Capital Advisors Pvt. Ltd.
• Registrar: Link Intime India Private Ltd.

New Listings

Sahaj Solar Limited IPO:

• Allotment Finalization: Tuesday, July 16, 2024
• Listing Date: Friday, July 19, 2024 (on NSE SME)

With these upcoming IPOs, the primary market remains active, offering new investment opportunities for both institutional and retail investors.