IPOs next week: Four motherboard IPOs, one SME IPO and one listing to keep Dalal Street alive

The primary market will see significant activity from November 4, with four motherboard IPOs, including Swiggy’s expected IPO, scheduled to launch on Dalal Street. Moreover, the SME segment will open one IPO next week.

In October, the Indian stock market witnessed a significant sell-off with the Nifty 50 index falling 7.5% from its all-time high due to record outflows of foreign institutional investors (FII), disappointing second quarter earnings and increasing geopolitical tensions in the Middle East. East. Despite this challenging environment, the primary market continued to buzz, with six motherboard IPOs launched last month, including the ₹27,870.16 crore IPO of Hyundai Motor India – India’s largest IPO to date.

Looking ahead, the list of upcoming IPOs next week includes four motherboard companies and one SME IPO with the aim of raising funds in the first week of Samvat 2081. In addition, Afcons Infrastructure Ltd., an engineering and construction company owned by the Shapoorji Pallonji Group , is also making its stock market debut.

Here’s a closer look at the upcoming IPOs next week.

Agility India IPO

Sagility India IPO opens for subscription on Tuesday, November 5 and closes on Thursday, November 7. The healthcare company plans to ₹2,106.60 crore of the book-built edition at the top end of the price range of ₹28 to ₹30 per share. Sagility India’s IPO is entirely an offer for sale (OFS) of shares of Rs 70.22 crore by Netherlands-based promoter Sagility BV.

Ahead of the opening of Sagility India’s IPO, the company’s promoter made a comment ₹366 crore by selling its 2.61% stake to nine institutional investors on October 30 and 31.

Swiggy IPO

The ₹Swiggy IPO worth Rs 11,327.43 crore will open for public subscription on Wednesday, November 6 and close on Friday, November 8. The price range of Swiggy IPO has been set at ₹371 to ₹390 per share and is a combination of a fresh issue of equity shares worth Rs 11.54 crore ₹4,499 crore and offer for sale (OFS) of 17.51 ​​crore equity shares worth ₹6,828.43 crore.

The selling shareholders in the OFS include Accel India IV (Mauritius) Ltd, Apoletto Asia Ltd, Alpha Wave Ventures, LP, Coatue PE Asia XI LLC, DST EuroAsia V BV, Elevation Capital V Ltd, Inspired Elite Investments Ltd, MIH India Food Holdings BV, Norwest Venture Partners VII-A Mauritius and Tencent Cloud Europe BV

IPO of ACME Solar Holdings

Bidding for the ACME Solar Holdings IPO also begins on November 6 and ends on November 8. The size of the IPO on the motherboard is ₹2,900 crore, which is a combination of a fresh issue of 8.29 crore shares coming together ₹2,395 crore and OFS of 1.75 crore shares worth ₹505 crores. ACME Solar Holdings’ IPO price range is set at ₹275 to ₹289 per share.

Niva Bupa health insurance IPO

The Niva Bupa Health Insurance IPO will be launched from November 7 to 11 to raise funds

₹2,200 crore. The edition is a combination of a new edition of ₹800 crore and an OFS component of ₹1,400 crore. The price ranges for the Niva Bupa Health Insurance IPO are yet to be announced.

Neelam Linens and Clothing IPO

Neelam Linens and Garments IPO is an SME IPO that opens on Friday, November 8 and will close on November 12. The IPO price range of Neelam Linens and Garments has been set at ₹20 to ₹24 per share. At the top end of the price range, the SME plans to increase prices ₹13 crore of the book-built issue, which is entirely a fresh issue of 54.18 lakh shares. The shares of Neelam Linens and Garments will be listed on NSE SME with a tentative listing date set for November 18.

IPO listing next week

The IPO date of Afcons Infrastructure is November 4. The shares of Shapoorji Pallonji group company will debut on both the stock exchanges, BSE and NSE. According to stock market experts and gray market premium (GMP) trends, Afcons Infrastructure’s listing is expected to be flat or at a discount.