India’s IPO market is bustling with activity, as several high-profile launches and SME listings dominate the financial landscape this November. The upcoming week, in particular, will witness significant IPO activity across various sectors, led by NTPC Green Energy Limited’s ₹10,000 crore offering.
Highlights of Upcoming IPOs
NTPC Green Energy Limited (November 18-22)
- Issue Size: ₹10,000 crore, offering 92.59 crore new shares.
- Price Band: ₹102–₹108 per share.
- Retail Entry: Minimum lot size of 138 shares, requiring ₹14,904 for participation.
- Subscription Window: November 19–22.
- Listing Date: Expected on November 27 (NSE & BSE).
- Special Allotment: ₹1,000 crore reserved for NTPC shareholders, though no discounts are available under this category.
This IPO stands out as one of India’s largest this year, underscoring the strong momentum in the renewable energy sector.
Lamosaic India Limited (November 21-26)
- Issue Size: ₹61.2 crore, offering 30.6 lakh shares.
- Price: ₹200 per share.
- Retail Entry: Minimum investment of ₹1,20,000 for 600 shares.
- Listing Platform: NSE SME (EMERGE).
- Listing Date: November 29.
Targeting small and medium-sized investors, this SME IPO adds diversity to the week’s lineup.
C2C Advanced Systems (November 22-26)
- Issue Size: ₹99.07 crore.
- Price Band: ₹214–₹226 per share.
- Retail Entry: Minimum lot size of 600 shares, requiring ₹1,35,600 for participation.
- Listing Date: November 29.
Focused on advanced technology solutions, C2C’s IPO reflects the increasing appetite for innovation-driven firms in the SME space.
Other Key IPOs and Listings
- Rosmerta Digital Services and Nisus Finance Services:
- Speculated to launch next week; details awaited.
- Neelam Linens & Garments:
- Listing Date: November 18 on NSE SME (EMERGE).
- Onyx Biotech and Zinka Logistics Solutions:
- Listing Date: November 21; subscriptions close on November 18.
Upcoming Major IPOs
- Avanse Financial Services:
- Preparing for a ₹3,500 crore IPO later this month.
- MobiKwik Systems:
- Likely to raise ₹1,900 crore in its highly anticipated offering.
Key Takeaways for Investors
The upcoming IPOs offer opportunities across diverse sectors, from renewable energy to tech-driven SMEs. Retail and institutional investors can look forward to:
- Potential Growth: NTPC Green Energy and C2C Advanced Systems highlight India’s push toward renewable and advanced technology sectors.
- SME Opportunities: The SME platforms (like NSE EMERGE) continue to provide access to promising smaller companies, catering to niche markets.
Investors should carefully evaluate the offerings, their growth potential, and market sentiment before participating, as the IPO market shows no signs of slowing down.
