Upcoming IPOs: Neptune Petrochemicals, Nikita Papers among 5 SME IPOs set to open next week

Upcoming IPOs: Primary market investors will see a flood of fresh IPOs in the coming week. As many as nine public issues will open for subscription between 26 to 30 May. Four mainboards and five SME IPOs collectively plan to raise ₹6,900 crore from the public issue.

Improved market sentiments after NIFTY50 recently crossed the 25,000 mark amid ease in geopolitical and trade war tensions have also uplifted the mood in the primary market. As a result, companies are actively bringing their fresh public issue from the last week of April, 2025.

Blue Water Logistics, Astonea Labs, Nikita Papers, NR Vandana Textile and Neptune Petrochemicals are five SME IPOs set to open for subscription between 27 and 28 May.

Blue Water Logistics IPO (27 to 29 May)

Founded in 2010, Blue Water Logistics offers freight forwarding, customs clearance, and transportation services. The company serve import/export clients across industries. In FY25, ocean freight accounted for 83% of the total revenue, followed by surface freight and railway freight. Business-to-consumer (B2C) comprised 56.8% of total revenue; the rest came from business-to-business (B2B) clients.

The company plans to raise ₹40.5 crore. The company has fixed the price at ₹132 to ₹135 per share. The minimum lot size is 1,000 shares. The IPO will close on 29 May, while allotment of shares will take place on May 30 followd by shares listing on June 3, 2025.

Astonea Labs IPO (27 to 29 May)

Astonea Labs is a Haryana-based company engaged in the manufacturing and marketing of pharmaceutical and cosmetic products. The company also undertakes contract manufacturing and exports to markets such as Iraq and Yemen.

The company seeks to raise ₹37.67 crore through the fresh issue of 27 lakh shares. The price band is ₹128 to ₹135 per share. The minimum lot size is 1000 shares. The IPO will close on May 29, while the IPO share allotment will be on May 30 and listing date is June 3, 2025.

Nikita Papers (27 to 29 May)

Nikita Papers plans to raise ₹67.54 crore through the fresh issue of 64 lakh shares. The company is into the manufacturing of Kraft paper, ranging from 80 to 200 GSM. Kraft paper finds widespread use in various forms, like wrapping parcels. The company’s diverse product offering allows it to cater to a wide range of customer needs within the paper industry. Nikita Papers IPO price band is ₹95 to ₹104 per share. The minimum lot size is 1200 shares. The shares will list on the NSE SME platform on June 3, 2025.

Neptune Petrochemicals (28 to 30 May)

Incorporated in 2021, the company is engaged in the manufacturing and trading of a wide range of bitumen products, including emulsions, PMB, and CRMB. The company plans to raise ₹73.2 crore from this public issue.

Net IPO proceeds will be used for capital expenditure for the installation of additional plant and machinery, and the purchase of office space, around ₹42 crore towards working capital requirements. The IPO price band is ₹115 to ₹122 per share, with a lot size of 1,000 shares. The tentative IPO share allotment date is June 2, followed by listing on NSE SME platform on June 4, 2025.

NR Vandana Textile IPO (28 to 30 May)

Kolkata-based textile company plans to raise ₹27.89 crore from the public issue. The IPO price band is ₹42 to ₹45 per share, with a lot size of 3,000 shares. The IPO will close on 30 May, while the share allotment will take place on June 2. NR Vandana Textile shares will be listed on NSE SME platform on June 4, 2025.