IPO Action: Four public issues with six listings lined up next week

IPOs To Watch Next Week

Despite muted equity market conditions, the action in the primary market will be sustained in the coming week, too, starting from December 30. The market participants will see four IPOs opening for public subscription next week, along with six companies scheduled for listing on the bourses.

The month as well as the year passing by remained strong for the primary market. A total of 335 companies launched their public issues in the current year including 93 from the mainboard segment, raising nearly Rs 1.72 lakh crore, the highest ever in a year. It was highest for the mainboard as well as SME segments. Experts expect the trend to sustain next year 2025 too, as a lot of companies already received approval from the SEBI to go ahead with their IPO plans and are also seen tapping the primary market for fund raising from sectors like power, technology, manufacturing and services.

Indo Farm Equipment IPO

The only IPO from the mainboard segment next week will be Indo Farm Equipment, opening on December 31. It plans to raise Rs 260 crore through its public issue comprising a fresh issue of Rs 185 crore and an offer-for-sale of around Rs 75 crore worth of shares. The price band for the offer, closing on January 2, has been fixed at Rs 204-215 per share.

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Technichem Organics IPO

The other three public issues will be from the SME (small and medium enterprise) segment and Technichem Organics' Rs 25.25-crore IPO will be the first amongst them, opening on December 31 with a price band of Rs 52-55 per share.

Leo Dry Fruits and Spices Trading IPO

The dry fruits and spices manufacturer and trader will be launching its maiden public issue of Rs 25.1 crore on January 1 and closing on January 3. The price band for the book-built issue has been fixed at Rs 51-52 per share. This will kick off the new year 2025.

Fabtech Technologies Cleanrooms IPO

The initial public offering of the pre-engineered and pre-fabricated modular panels maker will open for bidding on January 3 and close on January 7. The price band for 32.64 lakh shares IPO is yet to be announced.

IPOs Closing Next Week

Anya Polytech & Fertilizers will be closing its Rs 45-crore initial share sale on December 30, which so far subscribed 26.22 times, while Citichem India's Rs 12.6-crore public issue is scheduled to close on December 31, which so far booked 25.89 times.

Listings Next Week

In total, there will be six companies scheduled for listing next week including three Ventive Hospitality, Senores Pharmaceuticals, and Carraro India from the mainboard on December 30, and Unimech Aerospace and Manufacturing on December 31.

In the grey market, Unimech Aerospace IPO shares were available at more than 80 percent premium over the upper price band, and Senores Pharmaceuticals traded at over 60 percent premium, while Ventive Hospitality IPO shares attracted more than 10 percent premium, but Carraro India shares are not getting any premium, the market observers said.

Last week, the initial share sale of Unimech Aerospace was subscribed 175.31 times, Senores Pharmaceuticals 93.69 times, Ventive Hospitality 9.82 times, and Carraro India 1.12 times.

In the mainboard segment, Anya Polytech & Fertilizers will debut on the NSE Emerge on January 2, and Citichem India on the BSE SME effective January 3.

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