The Indian stock market is gearing up for a busy week with several IPOs set to launch. This includes NTPC Green Energy, along with three SME IPOs. Here's a look at the upcoming IPOs and listings.
NTPC Green Energy Limited IPO
NTPC Green Energy, a renewable energy company, will launch its IPO to raise ₹10,000 crore. The price band for the shares is ₹102 to ₹108 per share. The IPO opens on November 19 and closes on November 22. The shares are expected to list on November 27.
With the government pushing for clean energy, this IPO is attracting a lot of attention. IDBI Capital, HDFC Bank, and other leading firms are handling the issue.
Lamosaic India Limited IPO
Lamosaic India, a decorative products manufacturer, is offering its IPO to raise ₹61.2 crore. The price for the shares is set at ₹200 each. The IPO opens on November 21 and closes on November 26. Listing is expected on November 29.
This SME IPO requires a minimum investment of ₹1,20,000 for retail investors. Inventure Merchant Banker Services is managing the issue.
C2C Advanced Systems Limited IPO
C2C Advanced Systems, specializing in defence electronics, is aiming to raise ₹99.07 crore through its IPO. The price band for the IPO is ₹214 to ₹226 per share. It opens on November 22 and closes on November 26. Shares will list on November 29.
Retail investors need to invest at least ₹1,35,600. The IPO is being managed by Mark Corporate Advisors and Beeline Capital Advisors.
IPO Listings
Along with new IPOs, four companies will be listed on Dalal Street next week:
- Neelam Linen and Garments IPO: Listed on November 18.
- Mangal Compusolution IPO: Listed on November 20.
- Onyx Biotech IPO: Listed on November 21.
- Zinka Logistics Solutions IPO: Listed on November 21.
| Company Name | IPO Opening Date | IPO Closing Date | Price Band | Lot Size | Listing Date | Amount to Raise | Registrar |
|---|---|---|---|---|---|---|---|
| NTPC Green Energy Limited | November 19 | November 22 | ₹102 to ₹108 per share | 138 shares per lot | November 27 | ₹10,000 crore | Kfin Technologies |
| Lamosaic India Limited | November 21 | November 26 | ₹200 per share | 600 shares per lot | November 29 | ₹61.2 crore | Kfin Technologies |
| C2C Advanced Systems Limited | November 22 | November 26 | ₹214 to ₹226 per share | 600 shares per lot | November 29 | ₹99.07 crore | Link Intime India |
2024 has been a record-breaking year for IPOs in India, with over ₹1.38 lakh crore raised, surpassing the previous high of ₹1.31 lakh crore in 2021.
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The coming week promises to be exciting for investors. With major IPOs like NTPC Green Energy and several SME issues, it's an excellent opportunity for market participants to explore new investment avenues. Make sure to mark your calendars for the opening dates and stay tuned for more updates on listings.