IPO flurry to continue with 11 new public issues, 14 listings scheduled for next week; check full list here

India's primary market boom shows no signs of slowing down, with 11 IPOs scheduled for launch next week. These include two in the mainboard segment and eight in the SME segment.

The mainboard issues consist of Manba Finance and KRN Heat Exchanger, which together are expected to raise approximately ₹482 crore.

In addition to the IPOs, the market will witness 14 listings, including those of Arkade Developers, Northern Arc Capital, and Western Carriers, whose IPOs garnered strong responses in the past week.

The Indian IPO market outlook remains optimistic, with Pantomath Capital forecasting that domestic companies could raise over ₹1.5 lakh crore through IPOs in the coming 12 months, indicating sustained activity and strong investor interest in the near future.

Here's a list of IPOs that will remain open for subscription next week -

Manba Finance IPO

The Manba Finance IPO will be open for subscription from September 23 to September 25. It is a book-built offering, valued at ₹150.84 crores, consisting entirely of a fresh issue of 1.26 crore shares.

The price band for the Manba Finance IPO has been set between ₹114 and ₹120 per share. Hem Securities Limited is acting as the book-running lead manager for the IPO, with Link Intime India Private Ltd serving as the registrar for the offering.

KRN Heat Exchanger IPO

The KRN Heat Exchanger IPO will be open for subscription from September 25 to September 27. This IPO, valued at ₹341.95 crores, is a book-built issue and consists entirely of a fresh issue of 1.55 crore shares.

The price band for the KRN Heat Exchanger IPO has been set between ₹209 and ₹220 per share. Holani Consultants Private Limited is serving as the book-running lead manager for the IPO, with Bigshare Services Pvt Ltd acting as the registrar for the offering.

Rappid Valves (India) IPO

The IPO for Rappid Valves (India) will be available for subscription from September 23 to September 25. This book-built issue has a total value of ₹30.41 crores and involves a fresh issue of 13.7 lakh shares.

The IPO price range for Rappid Valves (India) is established between ₹210 and ₹222 per share. Shreni Shares Limited serves as the book-running lead manager for the IPO, and Link Intime India Private Ltd is the registrar for the issue. Rikhav Securities is the designated market maker for the Rappid Valves (India) IPO.

WOL 3D IPO

The WOL 3D IPO will be open for subscription from September 23 to September 25. This book-built issue is valued at ₹25.56 crore. It includes a fresh issue of 14.52 lakh shares worth ₹21.78 crore, and an offer for sale of 2.52 lakh shares amounting to ₹3.78 crore.

The price range for the WOL 3D IPO is set between ₹142 and ₹150 per share. Hem Securities Limited is the lead manager for the IPO, with Bigshare Services Pvt Ltd serving as the registrar. Hem Finlease is the market maker for the WOL 3D IPO.

Thinking Hats Entertainment Solutions IPO

The IPO for Thinking Hats Entertainment Solutions will be available for subscription from September 25 to September 27. This book-built issue amounts to ₹15.09 crore and consists entirely of a fresh issue of 34.29 lakh shares.

The IPO price band for Thinking Hats Entertainment Solutions is set between ₹42 and ₹44 per share. Horizon Financial Pvt Ltd is serving as the book-running lead manager, and Mas Services Limited is the registrar for the issue. Giriraj Stock Broking is the market maker for this IPO.

Unilex Colours and Chemicals IPO

The Unilex Colours and Chemicals IPO will be available for subscription from September 25 to September 27. This book-built issue is valued at ₹31.32 crore and consists solely of a new offering of 36 lakh shares.

The price range for the Unilex Colours and Chemicals IPO is set between ₹82 and ₹87 per share. Hem Securities Limited is serving as the book-running lead manager for the IPO, with Link Intime India Private Ltd acting as the registrar. Hem Finlease is designated as the market maker for the Unilex Colours and Chemicals IPO.

TechEra Engineering IPO

The TechEra Engineering IPO will be available for subscription from September 25 to September 27. The IPO is a book-built issue worth ₹35.90 crores, comprising a fresh issue of 43.78 lakh shares.

The price band for TechEra Engineering's IPO is set between ₹75 and ₹82 per share. SKI Capital Services Limited is acting as the book-running lead manager for the IPO, and Kfin Technologies Limited is serving as the issue's registrar.

Forge Auto International IPO

The Forge Auto International IPO will be available for subscription from September 26 to September 30. This book-built issue is valued at ₹31.10 crores and consists entirely of a new issuance of 28.8 lakh shares.

The price band for the Forge Auto International IPO has been established at ₹102 to ₹108 per share. Hem Securities Limited is serving as the book-running lead manager for the IPO, and Bigshare Services Pvt Ltd is the registrar handling the issue.

Sahasra Electronics Solutions IPO

The Sahasra Electronics Solutions IPO will be available for subscription from September 26, 2024, to September 30, 2024. This book-built issue is valued at ₹186.16 crores. It consists of a fresh issue of 60.78 lakh shares amounting to ₹172.01 crores and an offer for sale of 5 lakh shares totaling ₹14.15 crores.

The IPO price range for Sahasra Electronics Solutions has been established at ₹269 to ₹283 per share. Hem Securities Limited is serving as the book-running lead manager for the IPO, with Bigshare Services Pvt Ltd acting as the registrar for the offering.

Divyadhan Recycling Industries IPO

The Divyadhan Recycling Industries IPO will be available for subscription from September 26 to September 30. This IPO is a book-built issue with a total value of ₹24.17 crores and consists of a fresh issue of 37.76 lakh shares.

The IPO price band for Divyadhan Recycling Industries is established between ₹60 and ₹64 per share. Narnolia Financial Services Ltd is serving as the book-running lead manager for the IPO, with Skyline Financial Services Private Ltd acting as the registrar. Kantilal Chhaganlal Securities is the market maker for the Divyadhan Recycling Industries IPO.

Saj Hotels IPO

The Saj Hotels IPO will be available for subscription from September 27 to October 1. This IPO is a fixed-price offering totaling ₹27.63 crores, with a fresh issuance of 42.5 lakh shares.

The IPO price for Saj Hotels is set at ₹65 per share. Corpwis Advisors Private Limited is serving as the book-running lead manager for the Saj Hotels IPO, while Satellite Corporate Services Private Limited is the registrar for the issue. Nnm Securities is acting as the market maker for the Saj Hotels IPO.

New Listings -

Western Carriers (India) IPO: The allotment for the Western Carriers (India) IPO was completed on Friday, September 20. The IPO is set to be listed on the BSE and NSE, with a tentative listing date of Tuesday, September 24.

Arkade Developers IPO: The allotment for the Arkade Developers IPO was determined on Friday, September 20. The IPO is scheduled to list on the BSE and NSE, with a tentative listing date set for Tuesday, September 24.

Northern Arc Capital IPO: The allotment for Northern Arc Capital IPO was finalized on Friday, September 20. Northern Arc Capital IPO will list on BSE, NSE with tentative listing date fixed as Tuesday, September 24.

Popular Foundations IPO: The allotment for Popular Foundations IPO was finalized on Friday, September 20. Popular Foundations IPO will list on BSE SME with tentative listing date fixed as Tuesday, September 24.

Deccan Transcon Leasing IPO: The allotment for the Deccan Transcon Leasing IPO was finalized on Friday, September 20. The IPO is set to be listed on the NSE SME, with a tentative listing date of Tuesday, September 24.

Envirotech Systems IPO: The allocation for Envirotech Systems IPO was completed on Friday, September 20. The IPO is scheduled to be listed on NSE SME, with a tentative listing date set for Tuesday, September 24.

Pelatro IPO: The allotment for Pelatro IPO was finalized on Friday, September 20. Pelatro IPO will list on NSE SME with tentative listing date fixed as Tuesday, September 24.

Osel Devices IPO: The allotment for Osel Devices IPO was finalized on Friday, September 20. Osel Devices IPO will list on NSE SME with tentative listing date fixed as Tuesday, September 24.

Paramount Speciality Forgings IPO: The allotment for the Paramount Speciality Forgings IPO is expected to be finalized on Monday, September 23. Paramount Speciality Forgings IPO will list on NSE SME with tentative listing date fixed as Wednesday, September 25.

Kalana Ispat IPO: The allotment for the Kalana Ispat IPO is expected to be finalized on Tuesday, September 24. Kalana Ispat IPO will list on NSE SME with tentative listing date fixed as Thursday, September 26.

Avi Ansh Textile IPO: The allocation for the Avi Ansh Textile IPO is anticipated to be finalized on Wednesday, September 25. The IPO is scheduled to be listed on the NSE SME, with a tentative listing date set for Friday, September 27.

Phoenix Overseas IPO: The allotment for the Phoenix Overseas IPO is expected to be finalized on Wednesday, September 25. Phoenix Overseas IPO will list on NSE SME with tentative listing date fixed as Friday, September 27.

SD Retail IPO: The allotment for the SD Retail IPO is expected to be finalized on Wednesday, September 25. SD Retail IPO will list on NSE SME with tentative listing date fixed as Friday, September 27.

BikeWo GreenTech IPO: The allotment for the BikeWo GreenTech IPO is expected to be finalized on Wednesday, September 25. BikeWo GreenTech IPO will list on NSE SME with tentative listing date fixed as Friday, September 27.