India’s IPO market has shown remarkable activity in 2024, with companies collectively raising over ₹1.19 lakh crore, positioning the country as the second-largest IPO market globally after the United States, which raised US$26.3 billion. This strong momentum is expected to continue, with several notable IPOs set to launch in the week starting November 18, 2024. Here are the details:
Key IPOs Next Week
1. NTPC Green Energy Limited
- Subscription Dates: November 19 to November 22, 2024
- Issue Size: ₹10,000 crore
- Shares Offered: 92.59 crore new equity shares
- Price Band: ₹102 to ₹108 per share
- Minimum Investment: 138 shares (₹14,904 for retail investors)
- Special Allocation: ₹1,000 crore reserved for NTPC shareholders (no discount provided)
- Key Dates:
- Allotment Date: November 25, 2024
- Listing Date: November 27, 2024 (on BSE and NSE)
2. Lamosek India Limited
- Subscription Dates: November 21 to November 26, 2024
- Issue Size: ₹61.2 crore
- Shares Offered: 30.6 lakh equity shares
- Fixed Price: ₹200 per share
- Minimum Investment: 600 shares (₹1,20,000 for retail investors)
- Key Dates:
- Allotment Date: November 27, 2024
- Listing Date: November 29, 2024 (on NSE SME platform EMERGE)
3. C2C Advanced Systems
- Subscription Dates: Opens November 22, 2024
- Issue Size: ₹99.07 crore
- Shares Offered: 43.84 lakh equity shares
- Price Band: ₹214 to ₹226 per share
- Minimum Investment: 600 shares (₹1,35,600 for retail investors)
- Key Dates:
- Tentative Listing Date: November 29, 2024
Other Notable IPOs
- Rosmerta Digital Services and Nissas Finance Services: IPO details are pending but expected next week.
- Neelam Linens & Garments (India) Limited: Scheduled to list on the NSE SME platform EMERGE on November 18, 2024.
- Jinca Logistics Solutions Limited and Onyx Biotech Limited: Scheduled for listing on November 21, 2024. Subscriptions for these IPOs close on November 18, 2024.
Future IPO Highlights
- Avanse Financial Services Limited
- Issue Size: ₹3,500 crore (₹1,000 crore fresh issue + ₹2,500 crore offer-for-sale).
- MobiKwik Systems
- Issue Size: ₹1,900 crore (₹1,500 crore fresh issue + ₹400 crore offer-for-sale).
India’s IPO market continues to thrive, offering opportunities across both large-scale and SME segments. This vibrant primary market activity reflects strong investor confidence and is expected to remain buoyant in the weeks ahead.
Disclaimer: This information is for educational purposes only and should not be considered financial or investment advice. Please consult a financial advisor before making any investment decisions.
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