2024 has proven to be a landmark year for India’s primary markets, with over ₹1.19 lakh crore raised through IPOs, placing India second globally after the U.S. The momentum is expected to continue with several IPOs slated to launch next week, offering investors diverse opportunities.
Key IPOs Opening Next Week
- NTPC Green Energy IPO
- Opening Date: November 19
- Closing Date: November 22
- Issue Size: ₹10,000 crore
- Price Band: ₹102 to ₹108 per share
- Minimum Lot: 138 shares, totaling ₹14,904
- Listing Date: November 27 (tentative)
- Details: A fresh issue of 92.59 crore shares. NTPC shareholders are eligible to apply under a special quota, though no discount is available. Investors holding NTPC shares as of November 13, 2024, qualify for this quota.
- Lamosaic India IPO
- Opening Date: November 21
- Closing Date: November 26
- Issue Size: ₹61.2 crore
- Price: ₹200 per share
- Minimum Lot: 600 shares, totaling ₹1,20,000
- Listing Platform: NSE SME (Emerge)
- Listing Date: November 29 (tentative)
- C2C Advanced Systems IPO
- Opening Date: November 22
- Issue Size: ₹99.07 crore
- Price Band: ₹214 to ₹226 per share
- Minimum Lot: 600 shares, totaling ₹1,35,600
- Listing Date: November 29 (tentative)
- Details: A fresh issuance of 43.84 lakh shares, focusing on defense electronics solutions.
- SME IPOs Expected
- Rosmerta Digital Services and Nisus Finance Services are also anticipated to open, though specific details are yet to be confirmed.
IPOs Closing Next Week
- Onyx Biotec and Zinka Logistics Solutions IPO subscriptions end on November 18, while NTPC Green Energy will close on November 22.
IPO Listings Scheduled Next Week
- Neelam Linens and Garments (India) Limited – November 18 (NSE SME)
- Mangal Compusolution Limited – Originally slated for November 20 but may be rescheduled due to the Maharashtra election holiday.
- Zinka Logistics Solutions Ltd – November 21 (NSE and BSE)
- Onyx Biotec Limited – November 21 (NSE SME)
Other Anticipated IPOs Later This Month
- Avanse Financial Services: Aiming to raise ₹3,500 crore, with ₹1,000 crore fresh issue and ₹2,500 crore OFS.
- Mobikwik Systems: Expected to launch a ₹1,900 crore IPO soon, comprising a ₹400 crore OFS and ₹1,500 crore fresh issuance.
