Bears Struggle as Four IPOs Set to Hit Markets Next Week
Despite the bearish grip on equity markets—dragging benchmark indices nearly 10% lower from their record highs of September 27—the primary market remains unfazed. While the sell-off dampened overall sentiment, IPOs continue to flow, with four public issues lined up for next week: two from the mainboard and two from the SME segment.
Interestingly, the only exception has been Rosmerta Digital Services, which postponed its IPO citing adverse market conditions, even after finalizing its public issue details.
Here’s a closer look at the upcoming IPO lineup:
Mainboard IPOs
1. NTPC Green Energy IPO
Renewable energy takes center stage as NTPC Green Energy, a subsidiary of NTPC, prepares to launch its massive ₹10,000-crore IPO. The offer, entirely a fresh issue, will open on November 19 and close on November 22, with a price band of ₹102–108 per share.
Out of the total funds raised, ₹7,500 crore will go towards repaying the debt of its subsidiary, NTPC Renewable Energy, while the remaining will be allocated for general corporate purposes. This IPO is significant as it highlights India’s pivot towards green energy, a sector that’s been grabbing attention globally.
Example: Imagine the solar farms and wind turbines NTPC Renewable Energy operates. This IPO will help fund and expand those operations, bolstering India’s clean energy ambitions.
2. Enviro Infra Engineers IPO
Delhi-based Enviro Infra Engineers, known for designing sewage treatment plants and sewerage systems, will open its IPO on November 22, closing on November 26. The offer comprises a fresh issue of 3.87 crore equity shares and an offer-for-sale of 52.68 lakh shares by promoters.
The price band details will be announced on Monday. This IPO showcases the rising importance of sustainable infrastructure in India, tackling urban challenges like waste management.
SME IPOs
3. Lamosaic India IPO
Lamosaic India, a player in the decorative laminates and plywood market, will launch its ₹61-crore IPO on November 21, closing on November 26. Priced at ₹200 per share, this is a fixed-price issue.
Example: If you’ve ever admired the polished interiors of an office or home, there’s a good chance materials from companies like Lamosaic India were involved.
4. C2C Advanced Systems IPO
Defense electronics firm C2C Advanced Systems will roll out its IPO on November 22, ending on November 26. The company aims to raise over ₹99 crore, with a price band of ₹214–226 per share.
As a key supplier in the defense space, this IPO represents the growing domestic production of critical technology in line with India’s “Make in India” initiative.
IPOs Closing Next Week
Zinka Logistics Solutions (BlackBuck): This logistics tech company, which connects truck operators via its BlackBuck app, will close its ₹1,115-crore IPO on November 18. So far, the IPO has been 32% subscribed.
Onyx Biotec: Specializing in pharmaceutical solutions like sterile water for injections, Onyx Biotec’s ₹29-crore IPO also wraps up on November 18.
Listings Next Week
Several companies are gearing up to make their stock market debut:
Zinka Logistics Solutions: Likely to list on the BSE and NSE on November 22.
Neelam Linens and Garments India: Scheduled to trade on the SME segment starting November 18.
Mangal Compusolution and Onyx Biotec: Trading begins on the BSE SME platform and NSE Emerge on November 21 and November 22, respectively.
What Does This Mean for Investors?
The ongoing stream of IPOs signals resilience in the primary markets, even amidst broader market volatility. For investors, these offerings present opportunities across diverse sectors—from renewable energy and defense to tech-driven logistics and infrastructure.
Pro tip: While IPOs like NTPC Green Energy cater to long-term growth stories, smaller SME IPOs can offer niche opportunities for savvy investors willing to take calculated risks. Always assess financials and market trends before diving in!
