IPO This Week: Ather Energy Opens, Four SME IPOs Set to Launch – Iware Supplychain, Arunaya Organics & More

This week, the primary market will see five initial public offerings (IPOs) opening for subscription. The lineup includes a mainboard IPO from electric vehicle maker Ather Energy, which has already opened, and four Small and Medium Enterprises (SME) IPOs, Iware Supplychain Services, Arunaya Organics, Kenrik Industries, and Wagons Learning are set to launch soon. These IPOs offer fresh opportunities for both retail and institutional investors looking to explore new listings across various sectors.

IPOs Opening This Week From April 28 to May 6 - Check Dates and Details

• Ather Energy IPO - Opening on April 28, closing on April 30
• Iware Supplychain Services IPO - Opening on April 28, closing on April 30
• Arunaya Organics IPO - Opening on April 29, closing on May 2
• Kenrik Industries IPO - Opening on April 29, closing on May 6
• Wagons Learning IPO - Opening on May 2, closing on May 6

  

Ather Energy IPO Opens For Subscription

One of India's most promising electric two-wheeler manufacturers, Ather Energy has opened its much-anticipated IPO today on April 28. The IPO is worth Rs 2,981 crore, and investors can buy shares in the price range of Rs 304 to Rs 321 each. The IPO will remain open until April 30. The IPO includes two parts, one is fresh shares worth Rs 2,626 crore and another portion where some promoters and existing shareholders will sell 1.1 crore of their shares.

The company plans to use the money raised to build a new electric scooter plant in Maharashtra, pay off loans, invest in research, do more marketing, and for general business needs. If you are planning to invest, one lot contains 46 shares, which means you will need at least Rs 13,984 for the Ather Energy IPO.

Before the IPO opened, Ather raised Rs 1,340 crore from big investors known as anchor investors. These include well-known key names like Custody Bank of Japan, Abu Dhabi Investment Authority, Morgan Stanley, and several mutual funds like ICICI Prudential, Aditya Birla Sun Life, and Invesco. Their interest shows strong confidence in the company's future.

Iware Supplychain Services IPO Launching Today

Iware Supplychain Services Limited, a full-service logistics company in India, is launching its IPO on Monday, April 28 which will remain open for subscription till Wednesday, April 30. The IPO price has been set at Rs 95 per equity share, with each share having a face value of Rs 10. Interested investors can apply for a minimum of 1,200 shares, and then in multiples of 1,200 shares after that.

The company offers a wide range of supply chain services, including warehousing with third-party logistics and carrying & forwarding agent services, transportation, rake handling, and auxiliary business services. It also earns rental income from some of its logistics operations.

Iware Supplychain operates across multiple states such as Gujarat, West Bengal, Uttar Pradesh, Rajasthan, Punjab, Haryana, and Delhi, using its strong network to deliver end-to-end logistics solutions across the country.

Upcoming IPO: Arunaya Organics IPO

Arunaya Organics Limited, a company known for producing and exporting specialty dyes and intermediates, is all set to launch IPO. The IPO will open for subscription on Tuesday, April 29, and close on Friday, May 2. The company has set the price band for its shares between Rs 55 and Rs 58 per equity share, with a face value of Rs 10 each. Investors can bid for a minimum of 2,000 equity shares, and further bids can be placed in multiples of 2,000 shares.

According to the company's Red Herring Prospectus (RHP), Arunaya Organics has some notable listed peers in the market, including Vipul Organics Limited, Mahickra Chemicals Limited, and Ducol Organics & Colours Ltd. These companies have price-to-earnings (P/E) ratios of 72.94, 81.43, and 34.96, respectively, providing a comparison for potential investors looking to gauge the company's market position. This IPO provides an opportunity for investors to consider a new player in the specialty chemicals sector, with a focus on organic dyes and intermediates.

Kenrik Industries IPO: Date, Price Band and Size

Kenrik Industries will launch its IPO on April 29, 2025, which will remain open for subscription until May 6, 2025. The company aims to raise approximately Rs 8.75 crores through this IPO, which will consist entirely of a fresh issue of Rs 8.75 crores. The offer also includes an offer for sale (OFS), where existing shareholders may sell their shares, although the number of shares available for this has not yet been disclosed.

The price band for Kenrik Industries IPO has been fixed at Rs 25 per share with a face value of ₹10 per share. The IPO is expected to list on the Bombay Stock Exchange (BSE) on May 9, 2025. The final allotment of shares will be determined on May 7, 2025, and investors will know if they have been allotted shares by that date.

Upcoming Wagons Learning IPO: Date, Price and Size

Wagons Learning, an EdTech company based in Pune, will launch its upcoming IPO on May 2, 2025. The company specializes in providing education-related services and solutions. Khandwala Securities acts as the merchant banker for this IPO. Wagons Learning filed its Draft Red Herring Prospectus (DRHP) on July 24, 2024, marking the official start of its journey toward going public.

The IPO will open for subscription on May 2, 2025, and will close on May 6, 2025. The allotment date for the IPO is set for May 7, 2025, and the listing is expected to take place on May 9, 2025. The total size of the IPO is Rs 38.38 crore, with a fixed price of ₹82 per share.

Investors can apply for shares in this SME IPO during the subscription period. The issue is expected to provide growth opportunities in the growing EdTech sector. The refund process will begin on May 8, 2025, following the allotment of shares.