Upcoming IPOs Next Week: 1 Mainboard & 2 SME Public Issues To Go Live; 8 New Listings Awated

The Indian primary market is gearing up for an action-packed week, marked by the listing of eight initial public offerings (IPOs) and the launch of three new IPOs across mainboard and SME platforms. These developments are poised to inject fresh momentum into the markets as investors closely monitor new investment opportunities.

Market Sentiment: A Positive Start to December

The Indian stock market closed the final trading day of November on a positive note despite global geopolitical tensions. Major indices rallied on the back of strong performances by heavyweight stocks such as Reliance Industries, Bharti Airtel, and ICICI Bank. The Nifty 50 index rose 0.91% to close at 24,131.10, while the BSE Sensex climbed 0.96% to settle at 79,802.79. Broader market indices also performed well, with small-cap and mid-cap stocks gaining 5% and 2.5%, respectively, for the week.

IPOs This Week

Property Share REIT IPO

Opening Monday, December 2, the Property Share REIT IPO will be the first mainboard offering of the month. Aimed at raising Rs 352.91 crore, this real estate investment trust (REIT) has set its price band at Rs 10 lakh to Rs 10.5 lakh per unit. The issue closes on December 4 and is expected to list on December 9. ICICI Securities is the lead manager, and Kfin Technologies is the registrar for this offering, which promises to attract institutional and high-net-worth investors.

Nisus Finance Services IPO

The financial services firm Nisus Finance Services will launch its SME IPO on December 4, targeting Rs 114.24 crore. This includes a fresh issue of Rs 101.62 crore and an offer-for-sale component worth Rs 12.61 crore. With a price band of Rs 170 to Rs 180 per share and a minimum lot size of 800 shares, retail investors will need a minimum investment of Rs 1.44 lakh. The IPO closes on December 6 and lists on the BSE SME platform on December 11.

Emerald Tyre Manufacturers IPO

Scheduled to open on December 5, Emerald Tyre Manufacturers' IPO is set to raise Rs 49.26 crore through a mix of fresh issues and an offer-for-sale. With a price band of Rs 90 to Rs 95 per share and a lot size of 1,200 shares, retail investors can participate with a minimum investment of Rs 1.14 lakh. The SME IPO closes on December 9 and lists on the NSE SME platform on December 12.

Upcoming IPO Listings

Dalal Street is set for a bustling week with eight IPOs scheduled to make their debut starting Monday, December 2. The listing spree kicks off with Rajesh Power Services IPO on the BSE SME index, followed by the NSE SME listings of C2C Advanced Systems and Rajputana Biodiesel on Tuesday, December 3. Midweek action includes Abha Power and Steel and Apex Ecotech IPOs, both set for listing on the NSE SME index on Wednesday, December 4.

Adding to the activity, Suraksha Diagnostics IPO, a prominent mainboard offering, will conclude its bidding this week and list on both NSE and BSE on Friday, December 6. Meanwhile, Agarwal Toughened Glass India and Ganesh Infraworld IPOs will debut on the NSE SME index on Thursday, December 5, and Friday, December 6, respectively.

While the Indian markets remain volatile, global factors such as the Russia-Ukraine conflict and key macroeconomic data, including US and Eurozone inflation metrics, continue to shape sentiment. Encouragingly, the cooling US dollar index and falling bond yields offer a favourable backdrop for emerging markets like India.

With the listing of eight IPOs and three fresh offerings, the first week of December is set to keep investors engaged. The varied mix of sectors, from real estate investment trusts to financial services and tyre manufacturing, ensures diverse opportunities for market participants.