Investors to see five IPOs, seven listings in primary market action next week

IPO News

The primary market has not been impacted by the subdued equity market conditions as the flow of IPOs continued even when the Nifty 50 corrected 12 percent from its record high seen in September 2024. In the coming week starting from January 20, investors will see the launch of five new public issues including one from the mainboard segment, with seven companies scheduled to debut on the bourses.

Denta Water and Infra Solutions IPO

Denta Water is the only IPO from the mainboard segment, opening for subscription on January 22 with a price band of Rs 279-294 per share. It plans to raise Rs 220.5 crore through its book-built issue which comprises of solely fresh issue of 75 lakh shares by the water and infrastructure solutions company. The offer will close on January 24.

CapitalNumbers Infotech IPO

The other four public issues will be from the SME (small and medium enterprise) segment with CapitalNumbers Infotech being the first IPO amongst them. The software development solutions company intends to mobilise Rs 169.37 crore via maiden public issue which consists of fresh issue and an offer-for-sale of 32.2 lakh shares worth Rs 84.69 crore each. The price band for the issue, which opens on January 20 and closes on January 22, has been fixed at Rs 250-263 per share.

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Rexpro Enterprises IPO

The furniture manufacturer will be the second company from the SME segment launching Rs 54-crore initial share sale next week on January 22 with offer price of Rs 145 per share. The fixed price issue will be closed on January 24.

CLN Energy IPO

The Rs 72-crore IPO by the customised lithium-ion batteries, and motors maker is set to hit Dalal Street on January 23, with a price band of Rs 230-250 per share. The subscription for the book-built issue will close on January 27.

GB Logistics Commerce IPO

The logistics services provider will be the last company from the SME segment to launch IPO next week on January 24. The price band for the book-built issue, which closes on January 28, has not been announced by the company yet.

IPOs Closing Next week

Stallion India Fluorochemicals from the mainboard segment will be closing its Rs 199-crore IPO on January 20, while from the SME segment, the subscription for EMA Partners India and Landmark Immigration Consultants' initial public offerings will close on January 20 and 21, respectively.

Listings Next Week

Laxmi Dental, the dental products company, will be the first debut on the bourses from the mainboard segment next week on January 20, followed by Stallion India Fluorochemicals on January 23.

Laxmi Dental and Stallion India Fluorochemicals shares attracted healthy premium in the grey market, trading at around 25-30 percent, and 45 percent premium, respectively over the upper price band, the market observers said. Generally, investors take cues from grey market premium for the expected listing price.

In the SME segment, investors can start trading in Barflex Polyfilms shares on the NSE Emerge effective January 20, while Kabra Jewels, and Rikhav Securities will debut on the NSE Emerge and BSE SME, respectively on January 22. Further, the trading in Landmark Immigration Consultants, and EMA Partners India shares will commence on the BSE SME and NSE Emerge, effective January 23 and 24, respectively.