Upcoming IPOs: Waaree Energies, Afcons Infrastructure, Deepak Builders to Launch – Full Details on Godavari Biorefineries & More

The Indian stock market is gearing up for action with four new IPOs opening soon, including Waaree Energies, Deepak Builders, Afcons Infrastructure, and Godavari Biorefineries in the mainboard segment.

In addition to these public offerings, next week will see the stock market debut of Hyundai India and two other companies.

According to Pantomath Capital Advisors Private Limited, “India’s primary market is seeing remarkable growth, driven by increased investor interest and a surge in IPO activity. September was especially busy, with 15 Draft Red Herring Prospectus (DRHP) filings on the last day of the month, making it one of the most active periods for IPOs in over 14 years. So far in 2024, we’ve had 63 initial public offerings, most of which performed well after listing. Despite market volatility and global uncertainties, investor confidence remains strong in these IPOs.”

The firm added that this momentum is likely to continue, with a healthy pipeline of upcoming IPOs, strong demand from investors, and an overall positive outlook for the capital markets.

Here’s a list of IPOs opening for subscription next week:

Waaree Energies IPO

• Open Dates: October 21 to October 23, 2024
• Size: ₹4,321.44 crore (₹3,600 crore from a fresh issue of 2.4 crore shares and ₹721.44 crore from an offer for sale of 0.48 crore shares)
• Price Band: ₹1,427 to ₹1,503 per share
• Lead Managers: Axis Capital, IIFL Securities, Jefferies India, Nomura Financial, SBI Capital Markets, Intensive Fiscal Services, and ITI Capital
• Registrar: Link Intime India Private Ltd

Deepak Builders & Engineers IPO

• Open Dates: October 21 to October 23, 2024
• Size: ₹260.04 crore (₹217.21 crore from a fresh issue of 1.07 crore shares and ₹42.83 crore from an offer for sale of 0.21 crore shares)
• Price Band: ₹192 to ₹203 per share
• Lead Manager: Fedex Securities Pvt Ltd
• Registrar: Kfin Technologies Ltd

Godavari Biorefineries IPO

• Open Dates: October 23 to October 25, 2024
• Size: ₹554.75 crore (₹325 crore from a fresh issue of 0.92 crore shares and ₹229.75 crore from an offer for sale of 0.65 crore shares)
• Price Band: ₹334 to ₹352 per share
• Lead Managers: Equirus Capital and SBI Capital Markets
• Registrar: Link Intime India Private Ltd

Afcons Infrastructure IPO

• Open Dates: October 25 to October 29, 2024
• Size: ₹5,430 crore (₹1,250 crore from a fresh issue and ₹4,180 crore from an offer for sale)
• Lead Managers: ICICI Securities, Dam Capital Advisors, Jefferies India, Nomura Financial Advisory, Nuvama Wealth Management, and SBI Capital Markets
• Registrar: Link Intime India Private Ltd

With these new IPOs on the horizon and more companies set to list next week, the Indian stock market is buzzing with opportunities for investors.