Indian IPO Market on Fire: 10 New Offerings and 11 Listings Coming Next Week

India’s IPO market is still thriving, with 10 new initial public offerings (IPOs) planned for next week. Among these, two are from large companies, and eight are from smaller businesses (SMEs).

Upcoming IPOs

1. Manba Finance:

• This Mumbai-based non-banking financial company (NBFC) will open its IPO for ₹151 crore from September 23 to September 25.
• The price range is set at ₹114-120 per share.
• The funds raised will help strengthen the company’s capital base to support future needs.

1. KRN Heat Exchanger:

• This IPO will open for subscription on September 25 and close on September 27.
• The price band is set at ₹209-220 per share, with 1.55 crore shares available.
• Half of the shares are reserved for institutional buyers, while 35% are for retail investors and the rest for non-institutional investors.
• The money raised will be used for a new manufacturing facility in Rajasthan.

SME Segment

In addition to the larger companies, there are eight IPOs in the SME segment, including:

• Rappid Valves
• WOL 3D India
• Unilex Colours
• TechEra
• Forge Auto
• Sahasra Electronics
• Divyadhan Recycling
• Thinking Hats

Sahasra Electronics is expected to be one of the biggest SME IPOs this year, aiming to raise around ₹186 crore. This IPO will be open from September 26 to September 30.

Market Outlook

The Indian IPO market is looking good. Pantomath Capital predicts that companies could raise over ₹1.5 lakh crore through IPOs in the next year, showing strong interest from investors. In addition to the upcoming IPOs, there will also be 14 listings next week, including companies like Arkade Developers and Northern Arc Capital, which recently received positive responses to their IPOs.