The first full week of the new calendar year 2025 is set to be busy for the primary market as investors will see seven new public issues hitting Dalal Street with 6 companies scheduled for listings.
These seven companies including InvIT plan to raise more than Rs 2,400 crore through initial public offerings next week starting from January 6.
Standard Glass Lining Technology IPO
Standard Glass Lining Technology that manufactures engineering equipment for pharmaceutical and chemical sectors will be the first public issue from the mainboard segment opening for subscription on January 6. It has already raised Rs 123.02 crore (of its total IPO size of Rs 410.05 crore) via anchor book on January 3.
The price band for the offer, which will close on January 8, has been fixed at Rs 133-140 per share. The IPO comprises of fresh issuance of equity shares worth Rs 210 crore, and an offer-for-sale of 1.42 crore shares worth Rs 200.05 crore.
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The company, which develops new generation train control and signalling systems under KAVACH project of the Indian Railways, plans to mobilise Rs 290 crore through initial share sale during January 7-9. It is entirely fresh issue with a price band of Rs 275-290 per share.
Capital Infra Trust, an infrastructure investment trust sponsored by Gawar Construction, will also open its Rs 1,578-crore maiden public issue on January 7, with a price band of Rs 99-100 per unit. The IPO, which consists of fresh issue of Rs 1,077 crore worth units and an offer-for-sale of units worth Rs 501 crore, will close on January 9.
Indobell Insulation will be the first IPO from SME segment opening next week on January 6. It targets to mobilise Rs 10.14 crore through fixed price issue, at a price of Rs 46 per share. The offer will close on January 8.
B R Goyal Infrastructure, which will be the biggest IPO amongst these four in terms of size, is slated to open for public subscription on January 7, with a price band of Rs 128-135 per share. It aims to raise Rs 85.21 crore through fresh issue. The last day for bidding the offer would be January 9.
The electric two-wheeler and three-wheeler maker will also launch its Rs 54.6-crore initial share sale on January 7. The price band for the offer has been fixed at Rs 123-130 per share. The IPO, which closes on January 9, comprises of fresh issue of 38.88 lakh shares worth Rs 50.54 crore, and an offer-for-sale of 3.12 lakh shares worth Rs 4.06 crore.
Avax Apparels and Ornaments IPO
This is the smallest IPO amongst all these opening next week. Avax, the wholesaler of knitted fabric and seller of silver ornaments, intends to raise Rs 1.92 crore via fixed price public issue, at a price of Rs 70 per share. The opening and closing date for the offer will be January 7 and January 9.
Parmeshwar Metal, and Davin Sons Retail will close their public issues on January 6, which were subscribed 41.96 times and 11.95 times respectively till last week. Fabtech Technologies Cleanrooms' initial share sale is also scheduled for close next week on January 7, which was booked 18.46 times on the first day of bidding.
Indo Farm Equipment is the only company from the mainboard segment lined up for listing next week on January 7, after its IPO getting subscribed 229.68 times. The tractors, and pick & carry cranes maker shares attracted 45 percent premium in the grey market, the market observers said.
Further, in the SME segment, there will be five listings on the BSE SME. Technichem Organics will make its debut on January 7, and Leo Dry Fruits and Spices Trading on January 8. Parmeshwar Metal, and Davin Sons Retail will list shares on January 9, while the trading in Fabtech Technologies Cleanrooms shares will commence on January 10.
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