Upcoming IPOs next week: 2 new issues, 8 listings to keep investors busy; check details here

Primary markets are set to take a breather next week after a busy phase in the first 10 days of 2025, with only two new public offers scheduled to open for bidding. However, the investors will keep a keen watch on the market debut of as many as 8 initial public offers (IPOs) in the coming week, between January 13 and January 17.

The mainboard IPO of Laxmi Dental Limited and the SME issue of Kabra Jewels Limited will open for bidding on January 13 and January 15, respectively.

Let’s take a look at all the major events lined up in the IPO space next week:

Laxmi Dental IPO

Laxmi Dental IPO will open for subscription on Monday, January 13 and close on Wednesday, January 15. The mainboard issue is a book-building offer worth ₹698.06 crore.

The IPO comprises a fresh issue of 32.24 lakh shares, worth up to ₹138 crore, and an offer-for-sale (OFS) of 1.3 crore shares, aggregating to ₹560.06 crore.

The company has fixed the price band at ₹407 to ₹428 per share. The minimum lot size is 33 shares for the retail investors. The IPO listing date has been tentatively fixed as January 20.

Laxmi Dental is a fully integrated dental products company offering a wide range of products, including pediatric dental items and custom-made crowns and bridges. It was among the top two dental laboratories in India by revenue in FY23. The company operates six manufacturing facilities.

The funds raised through the issue will be utilized for debt repayment, including debts of certain subsidiaries, capital expenditure for acquiring new machinery, investments in its subsidiary Bizdent Devices Pvt. Ltd, and general corporate purposes.

As per the company’s RHP, a total of 75% of the net issue has been allocated to qualified institutional buyers (QIBs), 15% to non-institutional investors (NIIs), and the remaining portion of 10% has been allocated to retail investors.

Kabra Jewels IPO

The SME issue of Kabra Jewels Ltd will open for subscription on Wednesday, January 15. The company aims to raise ₹40 crore from investors through the IPO.

The NSE SME issue comprises only a fresh issue of 31.25 lakh shares and no offer-for-sale (OFS) component.

The issue will close for subscription on Friday, January 17. The IPO listing has been scheduled for January 22.

The IPO price band has been fixed at ₹121 to ₹128 per share, while the minimum lot size is 1,000 shares for the retail investors.

The company plans to utilise the net proceeds from the issuance for several key purposes. A portion will be allocated to repaying specific borrowings, which will help reduce its financial liabilities. The remaining funds will be used for working capital requirements.

Incorporated in 2010, Kabra Jewels Limited is engaged in the retail jewellery business. It offers a diverse collection of gold, diamond and silver ornaments.

The company primarily designs, manufactures, and distributes a wide array of jewellery products, including gold, studded, and other types of jewellery. The jewellery maker operates six showrooms in Ahmedabad, Gujarat.

8 listings scheduled for next week

As many as eight IPO listings will keep the primary market investors busy next week. The mainboard issues of Quadrant Future Tek Limited and Capital Infra Trust InvIT are scheduled for listing on the NSE and BSE on January 14. Shares of Standard Glass Lining Technology Limited will be listed on the BSE and NSE on January 13.

After their successful IPOs, as many as 5 Small and Medium Enterprises (SMEs) will make their market debut between January 13 and January 17.

Indobell Insulation IPO listing has been scheduled for January 13, while Avax Apparels And Ornaments and BR Goyal Infrastructure will make their debut on January 14.

These stocks will be listed on the BSE SME platform. On the other hand, Delta Autocorp and Sat Kartar Shopping shares will be listed on the NSE SME platform on January 14 and January 17, respectively.