The primary market is gearing up for one of its busiest weeks of the year with as many as 25 mainboard and SME IPOs crowding the Street. Issue sizes range from Rs 18 crore to over Rs 1,200 crore. The action will be led by big-ticket mainboard issues such as Anand Rathi Share, Ganesh Consumer, Jain Resource Recycling, Seshaasai Technologies, and Atlanta Electricals. All these companies plan to raise cumulatively nearly Rs 6,300 crore.Mainboard line-up
Epack Prefab Technologies will open its Rs 494–504 crore IPO on September 24, setting a price band of Rs 194–204 per share. The issue comprises a fresh component of Rs 300 crore along with an offer-for-sale of 1 crore shares.
Jain Resource Recycling, another closely tracked mainboard debutant, is looking to mop up Rs 1,250 crore with a price band of Rs 220–232. The Chennai-based company operates in recycling and raw material recovery, catering to both domestic and export markets.
Atlanta Electricals will launch its Rs 687 crore IPO on September 22 in the price range of Rs 718–754. Backed by Motilal Oswal, the company manufactures electrical equipment and has strong institutional interest.Live EventsAmong financial sector players, Anand Rathi Share and Stock Brokers will hit the market on September 23 with a Rs 745 crore issue, priced between Rs 393 and Rs 414. The offering marks a major expansion for the group’s broking arm.
Similarly, Seshaasai Technologies, a digital solutions provider, is opening its Rs 813 crore issue on September 23, with a price band of Rs 402–423. Also joining the queue is Jaro Institute of Technology Management and Research, with a Rs 450 crore IPO at Rs 846–890 per share. Meanwhile, Solarworld Energy Solutions plans to raise Rs 490 crore with its issue opening on the same day.
Other offers on the table include from Ganesh Consumer Products (Rs 408 crore), which opens on September 22, and Jinkushal Industries (Rs 116 crore) opening on September 25.
SME segment stays crowded too
While the mainboard IPOs will dominate attention, the SME space is even busier in terms of sheer numbers. Companies such as The offerings span diverse sectors, from packaged foods and cotton spinning to aviation and fintech.
Among the smaller issues, DSM Fresh Foods (Rs 59 crore) opens on September 26 and Bhavik Enterprises, Telge Projects on September 25. On September 24, Praruh Technologies, Gurunanak Agriculture India, Riddhi Display Equipments, Justo Realfintech and Systematic Industries will be launching their issues.
Meanwhile, 6 more IPOs from Ecoline Exim, NSB BPO Solutions, Matrix Geo Solutions, True Colors, Aptus Pharma, BharatRohan Airborne Innovations, opening on September 23 reflect the wide variety of businesses trying to tap market appetite.
Testing investor appetite
The rush of IPOs comes against the backdrop of volatile secondary markets but robust demand for new listings. GMPs suggest mixed sentiment, with some mainboard names like Jain Resource Recycling showing strong buzz, while several SME issues are trading at flat levels.Add as a Reliable and Trusted News Source(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)