At least six initial public offerings (IPOs) are scheduled to open for subscription next week, including a mainboard issue from Amagi Media Labs and multiple SME IPOs across BSE SME and NSE SME platforms, as per market schedules.
In addition, five companies are slated to make their stock market debut next week, adding to the action in the primary market.
IPOs opening next week
Amagi Media Labs IPO
- Price band: Rs 343 to Rs 361 per share
- Issue size: Rs 1,788.62 crore
- Fresh issue: Rs 816 crore
- Offer for sale (OFS): Rs 972.62 crore
- Subscription period: January 13 to January 16
The IPO is a combination of fresh equity and an OFS, with existing shareholders including Trudy Holdings, Norwest Venture Partners X (Mauritius), Accel India VI (Mauritius), PI Opportunities Funds, and individual shareholders divesting part of their stake. Proceeds from the fresh issue will be used to strengthen technology and cloud infrastructure, fund inorganic growth, and meet general corporate expenses.
Amagi Media Labs is a cloud-native SaaS company that enables media firms to deliver and monetise video content across connected TVs, smartphones, and digital platforms. The company works with over 45% of the top 50 listed media and entertainment companies in India by revenue.
Avana Electrosystems IPO
- Issue size: Rs 35.22 crore (fresh issue + OFS)
- Price band: Rs 56 to Rs 59 per share
- Subscription period: January 12 to January 14
- Listing: January 19 on NSE SME
- Retail lot size: 4,000 shares
Narmadesh Brass Industries IPO
- Issue size: Rs 44.87 crore (fresh issue + OFS)
- Price: Rs 515 per share
- Subscription period: January 12 to January 15
- Listing: January 20 on NSE SME
- Retail lot size: 480 shares
INDO SMC IPO
- Issue size: Rs 91.95 crore (fresh issue)
- Price band: Rs 141 to Rs 149 per share
- Subscription period: January 13 to January 15
- Listing: January 20 on BSE SME
- Retail lot size: 2,000 shares
GRE Renew Enertech IPO
- Issue size: Rs 39.56 crore (fresh issue)
- Price band: Rs 100 to Rs 105 per share
- Subscription period: January 13 to January 16
- Listing: January 21 on BSE SME
- Retail lot size: 2,400 shares
Armour Security India IPO
- Issue size: Rs 26.51 crore (fresh issue)
- Price band: Rs 55 to Rs 57 per share
- Subscription period: January 14 to January 19
- Listing: January 22 on NSE SME
- Retail lot size: 4,000 shares
IPO listings scheduled next week
The following companies are expected to list on stock exchanges next week:
- Bharat Coking Coal
- Gabion Technologies
- Yajur Fibres
- Victory Electric Vehicles
- Defrail Technologies
With a mix of mainboard and SME offerings, the primary market is set for an active week ahead, featuring companies from media technology, manufacturing, renewable energy, and services sectors.