IPO Frenzy Next Week: 6 Public Issues To Go Live On Dalal Street; 12 New Listings On The Table

India's stock market is gearing up for another bustling week in the world of initial public offerings (IPOs). Among the most awaited debuts is the Go Digit General Insurance IPO, set to hit the primary market.

Last week, Dalal Street witnessed a flurry of activity, with three mainboard segment IPOs collectively raising over Rs 6,000 crore. This surge in IPO activity coincides with the ongoing general elections, indicating investor confidence despite the political fervour gripping the nation.

In the upcoming week, the market is poised to witness the opening of six new public issues, with one mainboard offering and five small and medium enterprise (SME) issues. Additionally, a dozen new IPOs are set to make their market debut.

Here's a breakdown of the key IPOs investors should keep an eye on in the coming days:

Go Digit General Insurance IPO:

Launching on May 15, 2024, and closing on May 17, 2024, the Go Digit IPO is one of the most anticipated offerings of the year. Backed by celebrity power couple Virat Kohli and Anushka Sharma, the IPO is a book-built issue of Rs 2,614.65 crores. It comprises a fresh issue of 4.14 crore shares, totalling Rs 1,125.00 crores, and an offer for sale of 5.48 crore shares, amounting to Rs 1,489.65 crores. With a price band of Rs 258 to Rs 272 per share, Go Digit General Insurance has enlisted renowned financial institutions like ICICI Securities Limited, Morgan Stanley India Company Pvt Ltd, and others as its book-running lead managers.

Veritaas Advertising IPO:

Opening for subscription on May 13, 2024, and closing on May 15, 2024, the Veritaas Advertising IPO presents investors with an opportunity in the SME segment. With a book-built issue of Rs 8.48 crores, the IPO consists entirely of fresh issue shares, totalling 7.44 lakh shares. Priced between Rs 109 to Rs 114 per share, this offering is managed by Horizon Management Private Limited as the book-running lead manager.

Mandeep Auto Industries IPO:

Also commencing on May 13, 2024, and concluding on May 15, 2024, the Mandeep Auto Industries IPO offers investors exposure to the SME sector. Priced at Rs 67 per share, the IPO is a fixed price issue of Rs 25.25 crores, comprising entirely of fresh issue shares. Jawa Capital Services Private Limited spearheads the IPO as the book-running lead manager.

Indian Emulsifier IPO:

Launching on May 13, 2024, and closing on May 16, 2024, the Indian Emulsifier IPO presents a book-built issue of Rs 42.39 crores. Entirely consisting of fresh issue shares, the IPO offers 32.11 lakh shares at a price band of Rs 125 to Rs 132 per share. Ekadrisht Capital Private Limited leads the offering as the book-running lead manager.

Quest Laboratories IPO:

Kicking off on May 15, 2024, and closing on May 17, 2024, the Quest Laboratories IPO presents a prime opportunity for investors to delve into the small and medium enterprise (SME) sector. With a book-built issue of Rs 43.16 crores, the IPO offers 44.5 lakh fresh shares, priced in the range of Rs 93 to Rs 97 per share. Shreni Shares Limited takes the helm as the book-running lead manager, while Bigshare Services Pvt Ltd handles registrar duties. Rikhav Securities has been tasked with market-making responsibilities, adding depth to the IPO's debut.

Rulka Electricals IPO:

Following closely, the Rulka Electricals IPO opens for subscription on May 16, 2024, and concludes on May 21, 2024. This IPO, valued at Rs 26.40 crores, is a blend of fresh issue and offer-for-sale shares, totalling 8.42 lakh and 2.81 lakh, respectively. Priced between Rs 223 to Rs 235 per share, Rulka Electricals aims to captivate investor interest with its compelling offering. Beeline Capital Advisors Pvt Ltd spearheads the IPO as the book-running lead manager, with Bigshare Services Pvt Ltd facilitating registrar services. Sunflower Broking takes on the crucial role of market maker, ensuring liquidity and stability in the IPO's initial trading period.

Amidst the anticipation of these upcoming offerings, the stock market also awaits the listing of several recent IPOs. Here's a glimpse of what's to come:

New Listings:

Indegene IPO: Set to list on both BSE and NSE on May 13, 2024, Indegene IPO's allotment was finalized on Thursday, May 9, 2024.

Aadhar Housing Finance IPO: Expected allotment finalization on Monday, May 13, 2024, with a tentative listing date of Wednesday, May 15, 2024, on BSE and NSE.

TBO Tek IPO: The tentative listing date aligned for Wednesday, May 15, 2024, on both BSE and NSE, with allotment finalization also on Monday, May 13, 2024.

Refractory Shapes IPO: Listed on NSE SME, with final allotment completed on Friday, May 10, 2024, and tentative listing scheduled for Tuesday, May 14, 2024.

Winsol Engineers IPO: Similar to Refractory Shapes, Winsol Engineers IPO will list on NSE SME on Tuesday, May 14, 2024, after final allotment on Friday, May 10, 2024.

Finelistings Technologies IPO: Heading to BSE SME, Finelistings Technologies IPO is slated to list on Tuesday, May 14, 2024, post allotment finalization on Friday, May 10, 2024.

Silkflex Polymers IPO: Expecting allotment finalization on Monday, May 13, 2024, with tentative listing on Wednesday, May 15, 2024, on NSE SME.

TGIF Agribusiness IPO: With tentative listing scheduled for Wednesday, May 15, 2024, on BSE SME, allotment finalization for TGIF Agribusiness IPO is expected on Monday, May 13, 2024.

Energy Mission Machineries IPO: Allotment finalization is anticipated on Tuesday, May 14, 2024, with tentative listing on Thursday, May 16, 2024, on NSE SME.

Piotex Industries IPO: Scheduled for tentative listing on Friday, May 17, 2024, on BSE SME, following allotment finalization on Wednesday, May 15, 2024.

Aztec Fluids & Machinery IPO: Like Piotex Industries, Aztec Fluids & Machinery IPO will list on BSE SME on Friday, May 17, 2024, after the final allotment on Wednesday, May 15, 2024.

Premier Roadlines IPO: Expected allotment finalization on Wednesday, May 15, 2024, followed by tentative listing on Friday, May 17, 2024, on NSE SME.

With a diverse range of offerings spanning various sectors, the IPO market continues to attract investor attention amidst the country's political buzz. As market participants await the debut of these new offerings, all eyes are on the performance of these companies in the dynamic Indian market landscape.