NSE, Hero Motors, Jindal Supreme, SS Retail, 7 other IPOs to open this week, 14 listings scheduled; check list

The holiday-shortened week will see at least 11 IPOs open for subscriptions. Mainboard initial public offerings that will open this week include the National Stock Exchange of India (NSE), SS Retail, Jindal Supreme, Hero Motors and Sonaselection India.

SME issues that will remain in focus include Vama Wovenfab, Shakti Polytarp, Quanto Agroworld, SpectraA Technology Solutions, Kheria Autocomp and Axiom Gas Engineering.

Listings that are scheduled for this week include Pranav Constructions, Kanohar Electricals, Prasol Chemicals, Glass Wall Systems (India), Rentomojo, Asset Reconstruction Co. (India), Manipal Payment & Identity Solutions, Steamhouse India, LCC Projects, Karamtara Engineering, Apana Logistics, Infrax Renewable, Vinod Texworld and Amtech Esters.

NSE IPO

Leading stock exchange, the National Stock Exchange of India (NSE), will launch its public offer on September 17. The issue, with a price band of ₹1,700 to ₹1,785 per share, will end on September 21.

The entire issuance consists of an offer for sale (OFS) worth ₹22,561.57 from the existing shareholders, including State Bank of India, Canada Pension Plan Investment Board, Aranda Investments (Mauritius), MS Strategic (Mauritius), SBI Capital Markets, The New India Assurance, Bank of Baroda, Stock Holding Corporation of India, General Insurance Corporation and United India Insurance Company.

NSE's IPO will become the second biggest to date in India after automobile company Hyundai Motors' ₹27,870-crore issue.

Retail investors can apply for a minimum of 8 shares and in multiples thereof.

SS Retail IPO

The initial public offering of SS Retail, a multi-brand retail chain for mobile phones, accessories and other electronic items, will be live from September 16 to September 18. With a price band of ₹403 to ₹424 per share, a lot consists of 35 shares.

The ₹500 crore initial share sale is a mix of a fresh issuance of ₹360 crore and an offer for sale (OFS) component of ₹140 crore.

The fresh issue proceeds will be used for fit-outs towards establishing new stories in fiscal 2027 and fiscal 2028, part-funding incremental working capital needs and general corporate purposes.

Jindal Supreme IPO

The issue comprises a fresh issuance of 1.07 crore shares aggregating to ₹99.89 crore, along with an offer for sale (OFS) of 26.86 lakh shares valued at ₹24.99 crore by promoter group entity VVJ Enterprise Private Limited.

Fresh issue proceeds will be used for debt clearance and corporate general purposes.

The application size for a lot is 161 shares.

Hero Motors IPO

Auto parts maker Hero Motors' initial public offering will be open from September 16 to September 18. The issue has set a price band of ₹79 to ₹84 per share, and a lot consists of 178 shares.

The ₹1,000 crore IPO is a combination of a fresh issue of shares worth ₹600 crore and an OFS valued at ₹400 crore by promoters OP Munjal Holdings and Hero Cycles Ltd.

Funds to the tune of ₹190 crore will be utilised for repayment or prepayment of certain outstanding borrowings, while ₹200 crore will be used to purchase equipment needed for capacity expansion at the company's facility in Gautam Buddha Nagar, Uttar Pradesh.

The remaining proceeds will be utilised for inorganic growth via unidentified acquisitions and other strategic initiatives and general corporate purposes.

Hero Motors is a leading automotive technology company involved in designing, developing, manufacturing and supplying highly engineered powertrain solutions to automotive original equipment manufacturers (OEMs) in Europe, the US, India and the Association of Southeast Asian Nations (ASEAN) region.

Sonaselection India IPO

The Bhilwara-headquartered company's IPO is exclusively a fresh issuance of ₹141.57 crore, with no offer for sale (OFS) component, according to a statement.

Proceeds from the IPO will be used for purchasing plant and machinery at the company's manufacturing plant, debt payment and general corporate purposes.

Investors can apply for a minimum of 150 shares and in multiples thereof.