Dalal Street is set to witness a flurry of activity with six SME IPOs and the much-awaited listing of NTPC Green Energy. From energy to technology, these IPOs showcase the diversity of India’s thriving market. Here’s everything you need to know.
Top IPOs This Week
| IPO Name | Industry | Issue Type | Funds to Raise (₹ Cr) |
|---|---|---|---|
| NTPC Green Energy | Renewable Energy | Mainboard | 1,200 |
| Rajesh Power Services | Power Consultancy | SME Book-Built | 160.47 |
| Rajputana Biodiesel | Biofuels | SME Book-Built | 24.70 |
| Abha Power and Steel | Iron & Steel Products | SME Book-Built | 38.58 |
| Apex Ecotech | Water Management | SME Book-Built | 25.54 |
| Agarwal Toughened Glass | Tempered Glass | SME Book-Built | 62.64 |
| Ganesh Infraworld | Construction Services | SME Book-Built | 98.58 |
Detailed Analysis of Key IPOs
- NTPC Green Energy IPO
- Focus Area: Renewable energy solutions.
- Expected Listing Date: November 27, 2024.
- Highlights: Aimed at raising ₹1,200 crore to expand green energy initiatives, making it a key player in India’s energy transition.
- Rajesh Power Services IPO
- Focus Area: Power consultancy for state transmission companies.
- Issue Details: Fresh issue of 27.9 lakh shares; price band ₹319-₹335.
- Key Dates: Opens Nov 25, closes Nov 27.
- Ganesh Infraworld IPO
- Focus Area: Construction services and infrastructure development.
- Issue Details: Fresh issue of 118.77 lakh shares; price band ₹78-₹83.
- Key Dates: Opens Nov 29, closes Dec 3.
Recent Market Performance
The stock market’s recovery after last week’s dip has boosted sentiment. Major indices saw significant gains:
| Index | Closing (Nov 24) | Previous Close | Change (%) |
|---|---|---|---|
| Nifty 50 | 23,907.25 | 23,349.90 | +2.39% |
| BSE Sensex | 79,117.11 | 77,155.79 | +2.54% |
Despite challenges such as allegations against Adani stocks, the overall market remains robust, driven by heavyweight stocks like Reliance and ICICI Bank.
Why This Week is Crucial for IPO Investors
The mix of mainboard IPOs (e.g., NTPC Green Energy) and SME IPOs provides investment opportunities across sectors. With improving market sentiment, these IPOs are poised to attract significant attention.
Conclusion: A Thriving Primary Market
Whether you’re a seasoned investor or a newcomer, this week’s IPOs offer a chance to diversify your portfolio. From renewable energy to cutting-edge infrastructure projects, the opportunities are as varied as they are promising.
Disclaimer:
Investing in IPOs involves market risks. Please consult your financial advisor before investing.
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