Primary Market Schedule: 1 mainboard, 2 SME IPOs scheduled for opening along with 8 listings this week

Primary Market Schedule for Next Week

The primary market schedule will remain busy this week starting from December 23. The demand for public issues and recent listings on the bourses remained strong despite last week's severe correction. The market was down 4.8 percent last week, following the Federal Reserve's interest rate outlook.

The market participants will see three public issues opening in the coming week, including one from the mainboard segment, and there will be 8 listings lined up. In fact, December is one of the best months (in terms of the number of IPOs) for the primary market, with 15 mainboard IPOs (excluding Property Share REIT) launched for public subscription, including 16 listings this week.

Total IPO fundraising size stood at more than Rs 26,000 crore in the current month, including over Rs 25,400 crore worth of public issues from the mainboard segment.

Unimech Aerospace and Manufacturing IPO

Unimech is the only initial public offering from the mainboard segment opening this week on December 23, with a price band of Rs 745-785 per share. The engineering solutions provider plans to raise Rs 500 crore through its IPO which closes on December 26.

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Solar91 Cleantech IPO

The other two IPOs will be from the SME (small and medium enterprises) segment. Solar91 which provides EPC solar energy solutions targets to raise Rs 106 crore through public issue at the upper end of the price band of Rs 185-195 per share. The offer will open on December 24 and close on December 27.

Anya Polytech & Fertilizers IPO

Anya Polytech, the second SME IPO of this week, is set to open for public subscription on December 26 and close on December 30 with a price band at Rs 13-14 per share. It plans to mobilise Rs 44.8 crore through a book-built issue.

IPOs Closing This Week

Transrail Lighting, DAM Capital Advisors, Mamata Machinery, Sanathan Textiles, and Concord Enviro Systems IPOs from the mainboard segment will close their subscription on December 23, while the last day to bid for Ventive Hospitality, Senores Pharmaceuticals, and Carraro India IPOs will be December 24.

In the SME segment, Newmalayalam Steel will close its Rs 42-crore IPO on December 23.

Listings Scheduled For This Week

Transrail Lighting, DAM Capital Advisors, Mamata Machinery, Sanathan Textiles, and Concord Enviro Systems will make their debut on the BSE and NSE, on December 27, while in the SME segment, NACDAC Infrastructure is scheduled for listing on the BSE SME on December 24. Identical Brains Studios, and Newmalayalam Steel will list their shares on the NSE Emerge on December 26, and December 27, respectively.

According to the market observers, DAM Capital Advisors IPO shares traded at more than 50 percent over the upper price band in the grey market, while Mamata Machinery IPO shares gained a 107 percent premium, and Transrail Lighting shares got over 40 percent premium. Furthermore, Sanathan Textiles and Concord Enviro Systems shares traded at around a 10 percent premium over the upper price band.

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