Upcoming IPO Frenzy: Hyundai Motor India IPO Leads the Charge with 3 New Listings and Public Issues This Week

The stock market has been buzzing with activity, thanks to several IPOs and listings over the past month. This week, there are more public issues lined up for both mainboard and SME segments, giving investors plenty of opportunities to participate.

Here’s a quick look at the IPOs opening for subscription and the companies getting listed this week:

Hyundai Motor India IPO

The much-awaited Hyundai Motor India IPO is set to open for bidding on October 15, 2024, and will close on October 17, 2024. This is a major offering in the mainboard segment, with the company planning to raise ₹27,870.16 crore. The IPO consists entirely of an offer for sale, where 14.22 crore shares will be up for grabs.

Lakshya Powertech IPO

Lakshya Powertech is offering a book-built IPO worth ₹49.91 crore, all from a fresh issue of 27.73 lakh shares. The subscription for this IPO opens on October 16, 2024, and will close on October 18, 2024. Investors can expect the share allotment to be finalized by Monday, October 21, 2024.

Freshara Agro Exports IPO

Freshara Agro Exports will also open its IPO for subscription this week. The company is raising ₹75.39 crore through a fresh issue of 64.99 lakh shares. The IPO will be available for bidding from October 17, 2024, to October 21, 2024, with allotments expected to be finalized by Tuesday, October 22, 2024.

New Listings

Several companies are making their stock market debut this week. Here are the key listings to watch:

1. Garuda Construction and Engineering Limited
   Shares from Garuda Construction’s mainboard IPO are expected to list on the BSE and NSE on October 15, 2024.
2. Pranik Logistics Limited
   The SME IPO of Pranik Logistics is closing for subscription on October 14, 2024. Shares are likely to be listed on the NSE SME on Thursday, October 17, 2024, with allotment finalizations expected on October 15, 2024.

With a packed schedule of IPOs and listings, this week promises to be eventful for both seasoned and new investors. Keep an eye on these opportunities as they unfold.