Upcoming IPOs Next Week: 13 Mainboard & SME Public Issues To Go Live; 8 New Listing On The Table

The Indian primary market is about to experience one of the most action-packed weeks in recent history, with over 13 new initial public offerings (IPOs) slated to open for subscription. Alongside these IPOs, there will be eight new listings, making the upcoming week particularly significant for investors and market participants. With the Indian economy showing strong growth indicators and investor confidence at a high, this surge in IPO activity is expected to keep market participants on their toes.

Let's dive deeper into the IPOs that are set to open for subscription and explore the finer details of each offering, along with some insights into the newly listed companies.

Bajaj Housing Finance IPO

The most anticipated of the upcoming IPOs is Bajaj Housing Finance, which is expected to open for subscription between September 9 and September 11. Bajaj Housing Finance has cemented its place in the financial sector with its broad portfolio of home loan offerings, and its IPO has garnered interest.

The IPO is valued at Rs 6,560 crore, making it one of the largest in recent times. It comprises a fresh issue of Rs 3,560 crore (50.86 crore shares) and an offer for sale of Rs 3,000 crore (42.86 crore shares). The price band has been set at Rs 66 to Rs 70 per share.

The book-running lead managers, including financial giants such as Kotak Mahindra Capital, Goldman Sachs, and Axis Capital, underscore the prominence of this IPO. Registrations will be handled by Kfin Technologies Ltd.

Tolins Tyres IPO

Next in line is the Tolins Tyres IPO, which will also open from September 9 to September 11. This IPO is smaller in comparison to Bajaj Housing Finance but still significant, with a total issue size of Rs 230 crore. It consists of a fresh issue of Rs 200 crore (0.88 crore shares) and an offer for sale of Rs 30 crore (0.13 crore shares).

The price band is set between Rs 215 and Rs 226 per share, making it a more expensive entry for investors. With Saffron Capital Advisors Private Limited as the lead manager and Cameo Corporate Services as the registrar, Tolins Tyres aims to capitalize on the strong demand for quality tyre manufacturers in India.

Kross IPO

Another interesting IPO hitting the market is from Kross, a leading bicycle manufacturer. The Kross IPO is set for September 9 to September 11 and has a total issue size of Rs 500 crore, consisting of both a fresh issue and an offer for sale, each amounting to Rs 250 crore (1.04 crore shares for both).

The price band is between Rs 228 and Rs 240 per share, and Equirus Capital Private Limited is the book-running lead manager for this offering. As Kross aims to tap into the growing demand for bicycles amid rising environmental awareness, this IPO is expected to garner solid interest.

P N Gadgil Jewellers IPO

Jewellery lovers and investors alike have been eagerly awaiting the P N Gadgil Jewellers IPO, which is scheduled for September 10 to September 12. With an IPO size of Rs 1,100 crore, this public offering consists of a fresh issue of Rs 850 crore (1.77 crore shares) and an offer for sale of Rs 250 crore (0.52 crore shares).

The price band has been set between Rs 456 and Rs 480 per share. The lead managers include Motilal Oswal Investment Advisors Limited, Nuvama Wealth Management, and BOB Capital Markets, ensuring strong institutional backing. Bigshare Services Pvt Ltd will handle the registrar's responsibilities.

Arkade Developers IPO

Real estate has been buzzing with activity, and Arkade Developers looks to tap into this momentum with its IPO scheduled for September 16 to September 19. The IPO, valued at Rs 410 crore, will be a fully fresh issue. Although the price band has not yet been announced, investors are keenly waiting for more details.

Unistone Capital Pvt Ltd is acting as the lead manager, and Bigshare Services Pvt Ltd will be the registrar for this offering. As Arkade Developers operates primarily in the high-growth real estate sector, the IPO is expected to draw considerable attention from real estate enthusiasts and institutional investors alike.

Gajanand International IPO

Gajanand International offers a fixed-price IPO that will be open for subscription from September 9 to September 11. With an issue size of Rs 20.65 crore, this IPO represents an excellent opportunity for small investors looking to diversify their portfolios.

The issue price has been fixed at Rs 36 per share, and Fast Track Finsec Pvt Ltd is overseeing the offering as the lead manager, with Skyline Financial Services handling the registrar's responsibilities.

Share Samadhan IPO

Share Samadhan will bring its niche services to the public with an IPO slated for September 9 to September 11. The IPO aims to raise Rs 24.06 crore, consisting of a fresh issue of 32.51 lakh shares.

With a price band set between Rs 70 and Rs 74 per share, Narnolia Financial Services is handling the book-running responsibilities, while Skyline Financial Services Pvt Ltd serves as the registrar.

Shubhshree Biofuels Energy IPO

In the renewable energy sector, Shubhshree Biofuels Energy will open its IPO for subscription from September 9 to September 11, aiming to raise Rs 16.56 crore through a fresh issue of 13.92 lakh shares.

The price band for this green energy offering is set at Rs 113 to Rs 119 per share, with Hem Securities managing the IPO, and Bigshare Services Pvt Ltd overseeing the registration.

Aditya Ultra Steel IPO

The Aditya Ultra Steel IPO, focused on the construction materials sector, will be open from September 9 to September 11. The IPO is valued at Rs 45.88 crore, with 74 lakh new shares on offer.

The price band is set at Rs 59 to Rs 62 per share, and Swastika Investmart Ltd will serve as the lead manager. Cameo Corporate Services is the designated registrar.

Trafiksol ITS Technologies IPO

Trafiksol ITS Technologies, a leader in traffic management solutions, is offering its IPO between September 10 and September 12. The offering is worth Rs 44.87 crore, with a price band set between Rs 66 and Rs 70 per share.

Ekadrisht Capital is the book-running lead manager, and Maashitla Securities Pvt Ltd will serve as the registrar.

SPP Polymers IPO

The SPP Polymers IPO, a fixed-price offering, will be open for subscription between September 10 and September 12. The issue size is Rs 24.49 crore, with shares priced at Rs 59 each. Interactive Financial Services Ltd is the lead manager, with Kfin Technologies Ltd as the registrar.

Innomet Advanced Materials IPO

The Innomet Advanced Materials IPO will be open from September 11 to September 13. This fixed-price offering is valued at Rs 34.24 crore, with shares priced at Rs 100 each. Expert Global Consultants Private Limited is the lead manager, and Skyline Financial Services will serve as the registrar.

Excellent Wires and Packaging IPO

Lastly, the Excellent Wires and Packaging IPO will open between September 11 and September 13, with a fixed-price issue of Rs 12.60 crore at Rs 90 per share. Inventure Merchant Banker Services Pvt Ltd is the lead manager, and Bigshare Services Pvt Ltd will handle the registration.

New Listings

Alongside the IPOs, the week also sees several new listings. Gala Precision Engineering and Jeyyam Global Foods will list on September 9, followed by Shree Tirupati Balajee and Namo eWaste Management on September 10.