IPO Calendar: Key Market Watch — Emcure & Bansal Wire Listings, Sahaj Solar IPO Opens Next Week

After a surge in IPOs following the June general election, the primary market is taking a break next week with no new mainboard IPOs. However, an SME IPO by Sahaj Solar is set to open on 11th July.

Despite this pause, analysts believe India’s strong economy and growth potential make it a great time for IPOs. They expect significant investments and high interest in both new and traditional businesses soon.

In the first half of the year, about 35 companies from various sectors like co-working, furniture retail, and online ticket booking have raised nearly ₹32,000 crore through IPOs.

Mahavir Lunawat, Managing Director at Pantomath Capital Advisors, predicts a strong second half of 2024 for the IPO market with more activity, possibly bigger deals, and new listings across various sectors. He advises careful analysis of company fundamentals before investing.

While there are no mainboard IPOs next week, the market will see listings of Emcure Pharmaceuticals and Bansal Wire, both attracting significant investor interest. Emcure’s IPO was subscribed nearly 68 times, mainly by institutional investors, and Bansal Wire’s public offer was subscribed 59 times.

In addition, three SME companies are preparing to list their shares.

What’s Coming Up in IPOs Next Week

Sahaj Solar IPO

Sahaj Solar’s IPO will open for subscription on 11th July and close on 15th July. The company aims to raise around ₹52.56 crore through this SME offer and list on the NSE SME platform.

The IPO involves a fresh equity sale of 2.92 million shares, priced between ₹171-180 each. Sahaj Solar provides solar solutions with over a decade of experience in PV module manufacturing, solar pumping systems, and EPC services.