IPO News: 9 Companies Including Baazar Style, ECOS India, and Aeron Composite to Raise ₹4,000 Crore This Week

The upcoming week in India’s stock market is set to be busy, with three major IPOs (Initial Public Offerings) and six smaller SME (Small and Medium Enterprises) IPOs ready to launch, collectively aiming to raise over ₹4,000 crore.

Major IPOs:

1. Premier Energies, a solar technology company, is leading the pack with a ₹2,830.40 crore IPO. This includes new shares and an offer-for-sale.
2. ECOS India Mobility & Hospitality plans to raise ₹601.2 crore entirely through an offer-for-sale.
3. Baazar Style Retail, backed by investor Rekha Rakesh Jhunjhunwala, is also launching its IPO this week, though details on its pricing haven’t been revealed yet.

SME IPOs:

Six smaller companies are also gearing up to go public:

• Indian Phosphate (chemical manufacturing)
• Jay Bee Laminations (electrical sector)
• Vdeal System (automation)
• Paramatrix Technologies (tech-focused)
• Aeron Composite (materials specialist)
• Archit Nuwood Industries (construction supplies)

New Listings:

In addition to these IPOs, eight companies will start trading on various exchanges. Notably, Interarch Building Products and Orient Technologies will list on the main exchanges, while others like Forcas Studio and Brace Port Logistics will debut on the NSE Emerge platform. The BSE SME platform will see listings from Resourceful Automobile and Rapid Multimodal Logistics.

There’s a lot of interest in these new listings, with some, like Interarch Building Products and Orient Technologies, already seeing strong demand in the grey market, where their shares are trading at a 35-40% premium over the issue prices. This indicates a positive investor sentiment.

Overall, the expected ₹4,000 crore that these IPOs are set to raise highlights the strong demand for new stocks in the Indian market. Companies are taking advantage of this environment to raise capital, while investors are eager to find new opportunities.