Upcoming IPOs in India: Hyundai Motor India Leads October 2024 Offerings Alongside Key SME Issues

The Indian primary market is indeed buzzing with activity, particularly with the upcoming IPOs in both the mainboard and SME segments. Here’s a breakdown of the notable IPOs and their details for the third week of October 2024:

Ongoing IPOs

• Pranik Logistics
  • Subscription Closing Date: October 14, 2024
  • Allotment Finalization: October 15, 2024
  • Listing Date: October 17, 2024
  • This IPO is attracting interest from retail investors and will provide insights into the market sentiment for smaller companies.

Major IPOs Opening for Subscription

1. Hyundai Motor India IPO
   • Issue Size: ₹27,870.16 crore (entirely an offer for sale of 14.22 crore shares)
   • Opening Date: October 15, 2024
   • Closing Date: October 17, 2024
   • This IPO is expected to attract significant interest due to Hyundai’s strong market position.
2. Lakshya Powertech
   • Issue Size: ₹49.91 crore (fresh issue of 27.73 lakh shares)
   • Opening Date: October 16, 2024
   • Closing Date: October 18, 2024
   • Allotment Finalization: October 21, 2024
   • Targeted at investors interested in the power and infrastructure sectors.
3. Freshara Agro Exports
   • Issue Size: ₹75.39 crore (fresh issue of 64.99 lakh shares)
   • Opening Date: October 17, 2024
   • Closing Date: October 21, 2024
   • Allotment Finalization: October 22, 2024
   • Focused on the agro-export industry, aligning with India’s push for agricultural exports.

New Listings

• Garuda Construction and Engineering Limited
  • Listing Date: October 15, 2024
  • Shares will debut on both BSE and NSE.
• Shiv Texchem Limited
  • Listing Date: October 15, 2024
  • Preparing for its debut on BSE SME.
• Pranik Logistics Limited
  • Listing Date: October 17, 2024
  • Expected to have a strong debut following its ongoing IPO.

Additional Buzz

• Afcons Infrastructure is also generating interest, though specific dates for its IPO are yet to be confirmed. Investors should watch for announcements regarding this offering.

This week presents a great opportunity for investors, especially with the potential high demand for Hyundai’s IPO and the growth prospects in the SME sector. Keeping track of these developments can provide valuable insights into market trends and investor sentiment.