Indian IPO Market Heats Up: 13 New Public Offers, Including Bajaj Housing Finance, Set to Boost Capital Raising Next Week

The Indian IPO market is buzzing with activity, and next week will be one of the busiest of the year. A total of 13 IPOs are scheduled, showing a huge rise in new issues this year. This is a strong signal of growing investor confidence and a sign that India’s economy is in good shape.

4 IPOs on Mainboard, 9 in SME Segment

Out of the 13 IPOs, four will be mainboard IPOs, including the highly anticipated Bajaj Housing Finance IPO. The SME segment will see nine new public offerings. In total, companies plan to raise around ₹8,644 crore next week.

In addition to these new launches, the stock market will also see the listings of eight companies that recently completed their IPOs.

Positive Outlook for the Indian IPO Market

Experts remain optimistic about the Indian IPO market. According to Pantomath Capital Advisors, Indian companies are expected to raise over ₹1.5 lakh crore through IPOs in the next year. This indicates a strong pipeline of activity and continued investor interest.

Key IPOs to Watch Next Week:

1. Bajaj Housing Finance IPO (Sept 9 – Sept 11)

Bajaj Housing Finance, promoted by Bajaj Finance and Bajaj Finserv, plans to raise around ₹6,560 crore through its public offering. The IPO includes a fresh equity sale worth ₹3,560 crore and an offer for sale (OFS) worth ₹3,000 crore. The price range is set at ₹66-70 per share. The company will use the funds to boost its capital base and support future business growth.

2. Kross Ltd IPO (Sept 9 – Sept 11)

Jamshedpur-based Kross Ltd aims to raise ₹500 crore through its IPO, with ₹250 crore coming from fresh equity sales and ₹250 crore from an OFS by its promoters. The price range is set between ₹228-240 per share. The proceeds will be used for machinery purchases, debt repayment, working capital, and other corporate needs.

3. Tolins Tyres IPO (Sept 9 – Sept 11)

Tolins Tyres is looking to raise ₹230 crore, including a fresh issue worth ₹200 crore and an OFS worth ₹30 crore. The price range is between ₹215-226 per share. The company plans to use ₹75 crore to improve its working capital, ₹62 crore for debt repayment, and ₹24 crore to support its subsidiary, Tolin Rubbers.

4. PN Gadgil Jewellers IPO (Sept 10 – Sept 12)

PN Gadgil Jewellers, a major jewelry player in Maharashtra, is set to raise ₹1,100 crore. The IPO includes a fresh equity issue of ₹850 crore and an OFS worth ₹250 crore. The funds will be used for opening 12 new stores, debt repayment, and general corporate purposes.

SME Segment IPOs

In the SME segment, nine companies will launch their IPOs. Some of these include Gajanand International, Share Samadhan, Shubhshree Biofuels, and Trafiksol ITS Technologies. These companies will start their public offerings between September 9 and September 13.

This week promises to be an exciting one for investors, with plenty of opportunities to participate in India’s booming IPO market.