IPOs coming up this week: 1 mainboard, 2 SME IPOs, 8 other listings

December 2024 has also been one of the best months for IPOs with 15 mainboard IPOs launched for public subscription, sized over ₹26,000 crore

Published on: Dec 23, 2024, 11:38:13 IST

By HT News Desk | Edited by Abhyjith K. Ashokan

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This week will see three new upcoming initial public offerings (IPOs) comprising of one mainboard IPO, along with eight other listings.

December 2024 has also been one of the best months for IPOs with 15 mainboard IPOs launched for public subscription, with total fundraising size of over ₹26,000 crore, according to a Moneycontrol report.

The stock market rallied on opening this week despite it having crashed last week due to the US Federal Reserve's interest rate outlook.

Also Read: 2024 IPOs: Ones that flew over the market's best

List of upcoming IPOs for the week

1) Unimech Aerospace and Manufacturing

The only mainboard IPO to come this week, Unimech's public issue will open on December 23, with a price band of ₹745-785 per share.

The engineering solutions provider plans to raise ₹500 crore from its IPO which also closes on December 26.

2) Solar91 Cleantech

The first of the two other SME IPOs is Solar91 which will open on December 24 and close on December 27.

The solar energy company aims to raise ₹106 crore from its IPO with a price band of ₹185-195 per share.

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3) Anya Polytech & Fertilizers IPO

The second SME IPO for the week is Anya Polytech which will open for public subscription on December 26 and close on December 30.

The price band is set at ₹13-14 per share and the company looks to raise ₹44.8 crore through a book-built issue.

IPO listings for the week

When it comes to mainboard IPOs, companies like Transrail Lighting, DAM Capital Advisors, Mamata Machinery, Sanathan Textiles, and Concord Enviro Systems will debut on the BSE and NSE on December 27.

For the SME segment, NACDAC Infrastructure will list on the BSE SME on December 24, while Identical Brains Studios, and Newmalayalam Steel will list on the NSE Emerge on December 26, and December 27, respectively.

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List of IPOs closing this week

Transrail Lighting, DAM Capital Advisors, Mamata Machinery, Sanathan Textiles, and Concord Enviro Systems IPOs from the mainboard segment will close their subscriptions on December 23.

Meanwhile, Ventive Hospitality, Senores Pharmaceuticals, and Carraro India will close their IPOs on December 24.

When it comes to SME IPOs, Newmalayalam Steel will close its ₹42-crore IPO on December 23.

ABOUT THE AUTHOR
HT News Desk
Follow the latest breaking news, major developments and agenda-setting stories from India and around the world with the newsdesk at Hindustan Times. Operating round the clock, the desk brings together experienced editors, reporters and correspondents to deliver fast, accurate and contextual reporting across subjects that influence public policy, governance, business, society and international affairs. The HT News Desk covers politics, elections, government policies, the economy, business and markets, science and technology, the environment, law and order, infrastructure, education, climate issues and geopolitics, while closely tracking developments across states, institutions and global capitals. The team also leads coverage of major breaking news events, policy announcements, court proceedings, natural disasters, public emergencies and significant international developments. Reports published by the newsdesk are based on information gathered from reporters on the ground, official statements, government agencies, court records, regulatory filings, recognised institutions and other authoritative sources. Stories undergo editorial scrutiny and verification processes to ensure accuracy, fairness and relevance, and are updated as events evolve and additional information becomes available. Whether covering a key political decision in New Delhi, an economic policy shift affecting millions, a landmark court ruling or a major global event, the HT News Desk aims to provide readers with reliable, fact-based journalism that delivers not only the latest developments but also the context and analysis needed to understand their wider implications.Read More

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