The Indian primary market remains highly active with a mix of mainboard and SME IPOs generating excitement. In the third week of October 2024, notable IPOs are hitting the market, including Hyundai Motor India’s massive offering and smaller ones like Lakshya Powertech and Freshara Agro Exports.
Key IPOs this week:
- Hyundai Motor India IPO
- Type: Mainboard
- Issue size: Rs 27,870.16 crore (Offer for Sale of 14.22 crore shares)
- Opening: October 15, 2024
- Closing: October 17, 2024
- This is one of the largest IPOs and is expected to draw significant interest due to Hyundai’s strong market position.
- Lakshya Powertech IPO
- Type: SME
- Issue size: Rs 49.91 crore (Fresh issue of 27.73 lakh shares)
- Opening: October 16, 2024
- Closing: October 18, 2024
- Freshara Agro Exports IPO
- Type: SME
- Issue size: Rs 75.39 crore (Fresh issue of 64.99 lakh shares)
- Opening: October 17, 2024
- Closing: October 21, 2024
Upcoming listings:
- Garuda Construction and Engineering Limited will be listed on BSE and NSE on October 15, 2024.
- Shiv Texchem Limited and Pranik Logistics Limited will be listed on October 15 and 17, 2024, respectively.
Keep an eye on Afcons Infrastructure’s IPO as well, which could emerge soon as another major listing
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