The Indian primary market is ending 2024 with a strong lineup of IPOs and listings, carrying the momentum into the new year. Here’s a detailed look at the upcoming IPOs and listings scheduled for the week between December 30, 2024, and January 3, 2025.
Key IPO Openings
- Indo Farm Equipment Ltd IPO
- Opening Date: December 31, 2024
- Closing Date: January 2, 2025
- Issue Size: ₹260.15 crore
- Fresh Issue: 86 lakh shares worth ₹184.90 crore
- Offer for Sale (OFS): 35 lakh shares worth ₹75.25 crore
- Price Band: ₹204–₹215 per share
- Lot Size: 69 shares (₹14,835 minimum investment)
- Details:
- Indo Farm Equipment is an integrated manufacturer of tractors, pick-and-carry cranes, and farm equipment, including harvester combines and rotavators.
- Products are sold under the Indo Farm and Indo Power brands, with exports contributing around 7% of its revenue.
- The funds raised will support business expansion, including operational upgrades and working capital requirements.
- Promoter Ranbir Singh Khadwalia will divest a portion of his stake through the OFS.
- Technichem Organics Ltd IPO (SME)
- Opening Date: December 31, 2024
- Closing Date: January 2, 2025
- Issue Size: ₹25.25 crore
- Fresh Issue: 45.9 lakh shares
- Price Band: ₹52–₹55 per share
- Lot Size: 2,000 shares (₹1,04,000 minimum investment)
- Details:
- A chemicals and dyes manufacturer, Technichem Organics aims to utilize the IPO proceeds for setting up a new plant, “Plant 4,” and reducing existing debt.
- The SME IPO will be listed on the BSE SME platform, catering to a niche investor base.
- Leo Dryfruits and Spices Trading Ltd IPO (SME)
- Opening Date: January 1, 2025
- Closing Date: January 3, 2025
- Issue Size: ₹25.12 crore
- Fresh Issue: 48.3 lakh shares
- Price Band: ₹51–₹52 per share
- Lot Size: 2,000 shares (₹1,04,000 minimum investment)
- Details:
- Known for manufacturing and marketing a variety of spices and dry fruits under the “VANDU” brand, the company plans to utilize funds for operational growth and business expansion.
- The SME IPO will debut on the BSE platform.
Key IPO Listings
- Ventive Hospitality Ltd
- Listing Date: December 30, 2024
- A hospitality player offering premium services and solutions, Ventive Hospitality’s IPO witnessed strong investor demand.
- Senores Pharmaceuticals Ltd
- Listing Date: December 30, 2024
- The pharmaceutical company specializes in high-margin, niche therapeutics and garnered significant attention during its IPO.
- Carraro India Ltd
- Listing Date: December 30, 2024
- With a strong presence in the auto components sector, Carraro India’s shares are expected to attract interest from retail and institutional investors alike.
- Unimech Aerospace and Manufacturing Ltd
- Listing Date: December 31, 2024
- The aerospace manufacturing firm received robust subscriptions, signaling high expectations for its market debut.
- Anya Polytech and Fertilizers Ltd IPO (SME)
- Listing Date: January 2, 2025
- Citichem India Ltd IPO (SME)
- Listing Date: January 3, 2025
The year saw 91 mainboard IPOs raise a record ₹1.59 lakh crore, underscoring the robust demand for public issues.
