The Indian primary market is witnessing a historic surge in 2024, with eight IPOs lined up this week to raise a combined total of ₹6,500 crore. This wave of public issues marks another milestone in what has already been a record-breaking year for Dalal Street.
Key IPOs Opening This Week
The IPO spree kicks off on Thursday, December 19, with Transrail Lighting, DAM Capital Advisors, Mamata Machinery, Sanathan Textiles, and Concord Enviro Systems opening their bids. This will be followed by Ventive Hospitality, Carraro India, and Senores Pharmaceuticals, which will open for bidding on Friday, December 20. The closing dates vary between December 23 and December 24.
Below is a detailed overview of each IPO:
| Company | Issue Size (₹ Cr) | Type of Issue | Price Band (₹) | Lot Size | Open Date | Close Date |
|---|---|---|---|---|---|---|
| Transrail Lighting | 838.91 | Fresh Issue + OFS | 410-432 | 34 shares | Dec 19 | Dec 23 |
| DAM Capital Advisors | 840.24 | Offer for Sale (OFS) | 269-283 | 53 shares | Dec 19 | Dec 23 |
| Mamata Machinery | 179.39 | Offer for Sale (OFS) | 230-243 | 61 shares | Dec 19 | Dec 23 |
| Sanathan Textiles | 550.00 | Fresh Issue + OFS | 305-321 | 46 shares | Dec 19 | Dec 23 |
| Concord Enviro Systems | 500.33 | Fresh Issue + OFS | 665-701 | 21 shares | Dec 19 | Dec 23 |
| Ventive Hospitality | 1,600.00 | Fresh Issue | 610-643 | 23 shares | Dec 20 | Dec 24 |
| Carraro India | 1,250.00 | Offer for Sale (OFS) | 668-704 | 21 shares | Dec 20 | Dec 24 |
| Senores Pharmaceuticals | TBD | Details Awaited | TBD | TBD | Dec 20 | Dec 24 |
Highlights of the IPOs
- Transrail Lighting:
- The engineering and construction company plans to raise ₹838.91 crore, including a ₹400 crore fresh issue and 1.01 crore shares under OFS.
- Investors can bid for shares priced between ₹410-432 in lots of 34 shares.
- DAM Capital Advisors:
- DAM Capital’s ₹840.24 crore IPO is an entirely OFS issue, offering 2.96 crore shares at ₹269-283 per share, with a lot size of 53 shares.
- Mamata Machinery:
- The smallest IPO this week, with a size of ₹179.39 crore, is priced between ₹230-243 per share. The lot size is set at 61 shares.
- Sanathan Textiles:
- This textile company plans to raise ₹550 crore, including a ₹400 crore fresh issue and ₹150 crore OFS. Shares are priced at ₹305-321 per share, with a lot size of 46 shares.
- Concord Enviro Systems:
- Concord’s ₹500.33 crore issue comprises a ₹175 crore fresh issue and an OFS of 46.40 lakh shares, priced between ₹665-701 per share with a lot size of 21 shares.
- Ventive Hospitality:
- This hospitality company plans to raise ₹1,600 crore through a fresh issue of 2.48 crore shares, priced at ₹610-643 with a lot size of 23 shares.
- Carraro India:
- Carraro’s ₹1,250 crore IPO is a pure OFS of 1.77 crore shares, priced between ₹668-704, with a lot size of 21 shares.
- Senores Pharmaceuticals:
- While the price band and issue size are yet to be announced, this IPO will open on December 20 and close on December 24.
Conclusion
This wave of IPOs on Dalal Street reflects the buoyant sentiment in India’s primary market, offering investors a variety of opportunities across industries. With offerings ranging from engineering and textiles to pharmaceuticals and hospitality, the diversity of these issues underscores the growing depth of the Indian market. Investors should carefully evaluate each IPO based on its fundamentals, pricing, and growth potential before making investment decisions.
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