Upcoming IPOs next week: NTPC Green, Lamosaic India are among 3 IPOs to open for subscription

So far, 2024 has been a historic year for primary markets in India, with companies raising more than ₹1.19 lakh crore through their initial public offerings (IPOs).

More than 64 companies have raised funds through the primary markets so far this year, making India the second biggest market globally, following the United States, which saw $26.3 billion raised by companies.

The momentum seen in the primary market is likely to continue in the upcoming week starting on November 18. The much anticipated ₹10,000-crore public offer of NTPC Green Energy Limited will open for subscription. As many as 4 companies, including Zinka Logistics Solution, will make their stock market debut.

NTPC Green Energy IPO (Issue opens on November 19)

The public issues of NTPC Green Energy Limited will open for subscription next week. The initial public offering will open on Tuesday, November 19, and close on Friday, November 22.

NTPC Green Energy IPO consists of an entirely fresh issuance of 92.59 crore shares. The price band has been fixed at ₹102 to ₹108 per share. Retail investors can bid for a minimum lot size of 138 shares, which aggregates to an investment of ₹14,904.

The share allotment status of NTPC Green Energy IPO will be finalised on Monday, November 25. Shares of NTPC Green Energy will be listed on the BSE and NSE. The tentative IPO listing date is November 27.

NTPC Green Energy Limited has reserved shares worth ₹1,000 crore for NTPC shareholders. However, under the shareholders' quota, there will be no discount for the IPO applicants.

Applicants who hold NTPC’s shares on the filing date of the Red Herring Prospectus (RHP) are eligible to apply under the shareholders’ quota for the NTPC Green Energy IPO. Since the company filed its RHP on November 13, 2024, all investors who held even a single share of NTPC in their demat accounts are eligible to apply under the shareholders' quota of the NTPC Green Energy IPO.

Lamosaic India IPO (Issue opens on November 21)

Lamosaic India Limited IPO subscription window will remain open from Thursday, November 21, to Tuesday, November 26. Lamosaic India plans to raise ₹61.2 crore via its public issue. Lamosaic IPO consists of a fresh issuance of 30.6 lakh shares.

Lamosaic India IPO price has been fixed at ₹200 per share. Retail investors can apply for the public issue by placing bids for a minimum lot size of 600 shares, which aggregates to an investment of ₹1,20,000.

The share allotment status of Lamosaic India IPO is likely to be finalised on Wednesday, November 27. Shares of the company will be listed on the NSE SME platform Emerge. The tentative listing date for Lamosaic India shares is November 29.

C2C Advanced Systems IPO (Issue opens on Nov 22)

C2C Advanced Systems, which offers defense electronics solutions is set to open for bidding next week on November 22. C2C Advanced Systems IPO is a book-building issue, worth ₹99.07 crore, comprising entirely a fresh issue of 43.84 lakh shares.

The company's IPO price band has been fixed at ₹214 to ₹226 per share. The retail investors can apply for a minimum single lot size of 600 shares, aggregating to an investment of ₹1,35,600. C2C Advanced Systems IPO listing date has been tentatively fixed as November 29.

Besides this, two other SME IPOs, Rosmerta Digital Services and Nisus Finance Services, are also expected to open next week. However, the final IPO details are yet to be confirmed.

Three IPOs close for subscription

The subscription window for Onyx Biotec IPO and Zinka Logistics Solutions IPO will close on November 18. The bidding window for NTPC Green Energy IPO will close on November 22.

4 IPO listings scheduled next week

Shares of Neelam Linens and Garments (India) Limited are likely to be listed on the NSE SME platform Emerge on November 18.

Mangal Compusolution Limited was slated to be listed on November 20. However, since markets close on November 20 because of the Maharastra election, the listing date could be extended. On November 21, shares of Zinka Logistics Solutions Ltd will be listed on the NSE and BSE, and Onyx Biotec Limited will be listed on the NSE SME platform the same day.

Investors are also looking forward to other public issues that are expected later this month. The upcoming issues include Avanse Financial Services IPO and Mobikwik Systems IPO. Non-banking financial company (NBFC) Avanse Financial Services Ltd aims to raise ₹3,500 crore via its IPO. The public issue consists of a fresh offer worth ₹1,000 crore and an offer-for-sale (OFS) component of ₹2,500 crore.

One Mobikwik Systems is also expected to launch its ₹1,900 crore public issue in the next few weeks. The company’s public issue consists of an offer for sale of ₹400 crore and a fresh issuance of ₹1,500 crore. The dates and price band of both public issues have not been finalised yet.