Upcoming IPOs: Medi Assist Health, Addictive Learning, 3 Other IPOs To Open This Week; Latest GMP

The Indian market is set to witness a flurry of Initial Public Offerings (IPOs) as five companies gear up to open their subscription windows, promising a combined raise of over Rs 1,680 crore. This investment kicks off on January 15 and extends till January 23, providing market participants with diverse options for their investment portfolios.

Medi Assist Healthcare Services IPO

Leading the charge is the Medi Assist Healthcare Services IPO, scheduled to open its subscription window from January 15 to January 17. The health insurance third-party administrator, backed by Bessemer India Capital, aims to raise Rs 1,171.6 crore. The IPO comprises only an offer-for-sale (OFS) of 2.8 crore equity shares by existing shareholders, including key promoters Vikram Jit Singh Chhatwal, Bessemer Health Capital LLC, and Medimatter Health, along with investor Investcorp Private Equity Fund I. With a fixed price band of Rs 397-418 per share, this IPO marks the first from the mainboard segment in the upcoming week.

Epack Durable IPO

Following closely is the Epack Durable IPO, an offering from the Uttar Pradesh-based room air conditioner original design manufacturer. While the IPO opens for subscription on January 19, the price band is yet to be announced. This IPO is a blend of a fresh issue of shares worth Rs 400 crore and an offer-for-sale of 1.04 crore equity shares by promoters and investors. Investors keen on the cooling solutions sector will be eyeing the company's valuation as the IPO progresses.

Maxposure IPO

The small and medium enterprise (SME) segment is set to witness the Maxposure IPO, a personalized media and entertainment services provider. Opening its Rs 20.26-crore public issue from January 15-17, Maxposure offers 61.4 lakh equity shares in the IPO with a price band of Rs 31-33 per share. This IPO is exclusively a fresh issue component, adding to the diversity of investment opportunities in the SME space.

Konstelec Engineers IPO

In another SME segment debut, Konstelec Engineers, a Mumbai-based engineering, procurement, and construction/commissioning contractor, is set to open its IPO on January 19 and close on January 23. With a focus on offering full EPC services, the company aims to raise Rs 28.70 crore through an initial public offering of 41 lakh equity shares, comprising only a fresh issue portion, at the upper end of the price band of Rs 66-70 per share.

Addictive Learning Technology IPO

Delhi-based Lawsikho IPO, now branded as Addictive Learning Technology, is gearing up for subscription on January 19. The IPO, with a price band of Rs 130-140 per share, targets a fundraising of Rs 60.16 crore. This offering is a mix of a fresh issue of 41.37 lakh equity shares and an offer-for-sale of 1.6 lakh equity shares. The company, founded by Ramanuj Mukherjee and Abhyudaya Sunil Agarwal, aims to revolutionize the education technology sector.

Meanwhile, as these IPOs open their doors to investors, others are closing their subscription windows. New Swan Multitech IPO and Australian Premium Solar (India) IPO are set to close on January 15, with subscription numbers reaching 55.2 times and 64.58 times, respectively. Investors have until January 16 to subscribe to Shree Marutinandan Tubes IPO, which has been subscribed 4.9 times so far.

Listings This Week

In the mainboard segment, Jyoti CNC Automation, a Rajkot-based CNC machines manufacturer, will list its equity shares on January 16 after experiencing robust subscription numbers of 38.6 times during January 9-11. The Rs 1,000-crore public issue shares are trading at a notable 13-15% premium over the upper price band (Rs 331 per share) in the grey market.

On the SME front, IBL Finance is set to list its equity shares on the NSE Emerge on January 16, marking the first listing from the SME segment. Additionally, New Swan Multitech and Australian Premium Solar are scheduled to debut on the BSE SME and NSE Emerge, respectively, on January 18. The IBL Finance IPO saw a subscription of 16.2 times from January 9-11.

With a diverse range of opportunities and segments, the Indian market is proving to be an attractive destination for investors looking to capitalize on the current IPO wave. As these companies enter the market, the coming weeks promise to be crucial for both investors and the companies themselves, determining the success of these IPOs.