Indian Stock Market This Week: 6 SME IPOs and 4 Major Listings to Watch - Everything You Need To Know
This week, in the Indian share market, there are six new IPOs and four company listings that investors will keep close eyes on. The focus will be on SME IPOs with all these six coming from the same sector, and also significant listings on both the main board and SME exchanges are lined up, so it is going to be a crucial week for market enthusiasts.
New SME IPOs to Watch During This Week SIX
The SME segment will have six companies float their IPOs, giving investors the opportunity to diversify their portfolios. Here are the facts for each of these upcoming IPOs.
1. Rajesh Power Services IPO
Company: Rajesh Power Services - This is a consultancy service provider for renewable and non-renewable power projects. The IPO will open on Monday, November 25, 2024, with an intention to raise ₹160.5 crore. The price of the share has been put in the range of ₹319-₹335. Subscriptions will close on Wednesday, November 27.
Key Highlights:
Sector: Power consultancy (renewable and non-renewable).
Price Band: ₹319-₹335 per share.
IPO Opens: November 25, 2024.
IPO Closes: November 27, 2024.
2. Rajputana Biodiesel IPO
Jaipur-based Rajputana Biodiesel, which produces biofuels and by-products like glycerine and fatty acids, is opening its ₹24.7 crore IPO on Tuesday, November 26, 2024. The price band has been fixed at ₹123-₹130 per equity share, and the subscription closes on Thursday, November 28.
Key Take-Aways:
Industry: Biofuels and by-products.
Price Band: ₹123-₹130 per equity share.
Date of Opening: November 26, 2024
Date of Closing: November 28, 2024.
3. Apex Ecotech IPO
Apex Ecotech, offering water and wastewater treatment solutions, will open its IPO at ₹25.54 crore from next Wednesday, November 27, 2024. The price band is in the ₹71-₹73 per equity share range. The public issue will close on Friday, November 29.
Key Takeaways:
Category: Water and Wastewater Treatments.
Price Band: ₹71-₹73 per share
IPO Opens: November 27, 2024
IPO Closes: November 29, 2024.
4. Abha Power and Steel IPO
Abha Power, which is engaged in the manufacture of iron and steel products, is to float a ₹38.5 crore IPO on Wednesday, November 27, 2024. The price is pegged at ₹75 per share and the subscriptions would close on Friday, November 29.
Key Features:
Industry: Iron and steel.
IPO Offer Price: ₹75/Share.
IPO Opens: 27 Nov 2024.
IPO Closes: 29 Nov 2024.
5. Agarwal Toughened Glass India IPO
Agarwal Toughened Glass India deals with toughened glass products. It plans to raise ₹62.6 crore through its IPO opening on Thursday, November 28, 2024, within the price band of ₹105 to ₹108 per share closing on Monday, December 2, 2024.
About the Issue
Industry Type- Glass Manufacturing, being specific it dealt with Tempered Glass.
Price Band: ₹105-₹108 per share.
Date of IPO Opening: November 28, 2024.
IPO Closing Date: December 2, 2024.
6. Ganesh Infraworld IPO
Starting this Friday, November 29, 2024, construction company Ganesh Infraworld will launch its ₹98.6 crore IPO. The price band is set at ₹78 to ₹83 per share and will close for subscriptions on Tuesday, December 3, 2024.
Key Takeaways:
Sector: Construction and infrastructure
Price Band: ₹78 to ₹83
Date when IPO Opens: November 29, 2024
Date when IPO Closes: December 3, 2024
Four Key Listings Scheduled This Week
Apart from the new IPOs, four companies are scheduled to hit the market this week. These include mainboard as well as SME listings:
1. NTPC Green Energy
The mainboard IPO of NTPC Green Energy would list on the bourses on 27 Nov, 2024. Since the firm specializes in renewable energy projects, this listing is going to spark huge interest.
2. Enviro Infra Engineers
Enviro Infra Engineers will launch its shares on the board on Friday, November 29, 2024. The IPO will close on Tuesday, November 26, 2024. The company deals in environmental engineering solutions.
3. Lamosaic India (SME Segment)
Lamosaic India will list on NSE Emerge on Friday, November 29, 2024. The IPO will close on Tuesday, November 26, 2024.
4. C2C Advanced Systems (SME Segment)
C2C Advanced Systems will also hit the NSE Emerge board on Friday, 29 November, 2024, after closing its IPO on Tuesday, 26 November 2024.
Takeaways for Investors
Diverse Glimpse: Biofuels, tempered glass, power consultancy, and infra look at the various sectors of opportunities from this week's IPO.
Focus on SME IPOs: Out of all six new IPOs are in the SME segment, so the emerging markets are currently driving the small and medium-sized enterprises.
Mainboard Listings: NTPC Green Energy and Enviro Infra Engineers should be watched for growth prospects and market debut impact.
Global Sentiment: Market conditions, such as broader trends in crude prices and geopolitical events, may influence investor sentiment.
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