The Indian stock market is buzzing with action as 9 new IPOs are set to hit the primary market next week. From big players on the Mainboard to smaller, fast-growing companies on the SME platform, this surge in IPO activity shows the ongoing investor interest in 2023. Here’s a breakdown of the companies, their key dates, and how they are performing in the grey market.
KRN Heat Exchanger Mainboard IPO
One of the most significant IPOs next week is KRN Heat Exchanger, with a total issue size of Rs 341.95 crore. The subscription window opens from September 25 to September 27, and the stock will list on October 3. Investors are excited as the grey market premium (GMP) suggests a strong start — currently, the stock is trading at a 101.36% premium over the issue price of Rs 220, which adds up to a Rs 223 per share premium in the unlisted market.
Manba Finance Mainboard IPO
Another Mainboard IPO that is creating buzz is Manba Finance. The subscription dates for this Rs 150.84 crore offering are from September 23 to September 25, and it is set to list on September 30. With a GMP showing a 50% premium, investors are eyeing a Rs 60 rise over the issue price of Rs 120 per share.
Thinking Hats Entertainment Solutions SME IPO
Moving to the SME segment, Thinking Hats Entertainment Solutions is launching a Rs 15.09 crore IPO. Open for subscription between September 25 and September 27, the stock will list on October 3. The grey market is already showing positive sentiment, with a 34.09% premium, meaning an additional Rs 15 over the issue price of Rs 44.
Rapid Valves (India) SME IPO
Another exciting IPO in the SME space is Rapid Valves (India), with a smaller size of Rs 30.41 crore. The subscription period is from September 23 to September 25, with a listing date set for September 30. Market interest in this offering has been steady.
WOL3D SME IPO
In the 3D printing sector, WOL3D is coming to the SME platform with an IPO worth Rs 25.56 crore. The IPO opens from September 23 to September 25, with the listing slated for September 30. In the grey market, the stock is trading at a 36.67% premium over its issue price of Rs 150, showing a potential increase of Rs 55.
Unilex Colors and Chemicals SME IPO
The Unilex Colors and Chemicals SME IPO is set to raise Rs 31.32 crore, with the subscription window open from September 25 to September 27. The stock will list on October 3. While there isn’t a strong buzz in the grey market yet, analysts are keeping an eye on it due to the sector’s growth potential.
TechEra Engineering SME IPO
Tech enthusiasts may want to watch TechEra Engineering, which is raising Rs 35.90 crore. The subscription period for this SME IPO is from September 25 to September 27, with shares set to list on October 3. A modest grey market premium of Rs 10 per share indicates early investor interest, which translates to a 12.20% premium over the issue price of Rs 82.
Forge Auto International SME IPO
Forge Auto International will open its Rs 31.10 crore IPO for subscription from September 26 to September 30, and the listing will happen on October 4. Investors in the auto sector may want to track this offering closely for its future potential.
Sahasra Electronics Solutions SME IPO
Finally, Sahasra Electronics Solutions will launch a Rs 186.16 crore SME IPO, available for subscription between September 26 and September 30, with a listing on October 4. With a 15.19% premium in the grey market, this is another stock to watch for potential growth.
