Upcoming IPOs next week: Transrail Lighting along with 3 other IPOs to open for subscription; 12 new listings

The momentum seen in the primary markets this year does not seem to be slowing down in the remaining days of 2024. As many as four initial public offerings (IPOs), including the mainboard issues of Transrail Lighting and Mamata Machinery, will hit the capital markets.

The new IPOs opening for subscription also include two SME public offers of Identical Brains Studios and NACDAC Infrastructure Ltd, which aim to raise a combined ₹29.95 crore from public investors.

Transrail Lighting IPO

Engineering and construction company Transrail Lighting Ltd. will launch its public offer on December 19. The company provides services related to setting up power transmission and distribution lines. It also produces lattice structures, conductors, and monopolies. The issue comprises a fresh issue of ₹400 crore and an OFS of 1.02 crore equity shares.

Transrail Lighting IPO Timeline

• IPO open date: December 19
• IPO closing date: December 23
• IPO allotment date: December 24
• IPO listing date: December 27

Mamata Machinery IPO

Machines manufacturer Mamata Machinery Ltd will launch its IPO on December 19 to raise ₹179 crore from investors. The company manufactures machines used for producing pouches, plastic bags, packaging, and extrusion equipment. It also offers manufacturing solutions for the packaging industry.

The company’s public offer is an offer for sale (OFS) of nearly 74 lakh shares. The price band has been fixed at ₹230 to ₹243 per share for the IPO. The minimum lot size for retail investors is 61 shares.

Mamata Machinery IPO Timeline

• IPO open date: December 19
• IPO closing date: December 23
• IPO allotment date: December 24
• IPO listing date: December 27

Two SME IPOs to hit capital markets

The SME IPOs of Identical Brains Studios Limited and NACDAC Infrastructure Limited will open next week. The ₹10.01-crore public offer of construction company NACDAC Infrastructure Limited will open on Tuesday, December 17. The IPO closes on December 19, and it will start trading on the BSE SME platform on December 24. The minimum lot size is 4,000 shares for the IPO, priced at ₹33 to ₹35 per share. The minimum investment required is ₹1,40,000 for retail investors.

VFX services provider Identical Brains Studios Ltd seeks to raise ₹19.95 crore through its public offer opening on December 18 on the NSE SME platform. The IPO, comprising a fresh issue of 36.94 lakh shares, has been priced at ₹51 to ₹54 per share. The minimum lot size is 2000 shares for retail investors.

12 IPOs to make market debut next week

Along with new IPOs, the capital markets will see five IPOs making their debut on BSE and NSE next week. Three mainboard IPOs - Vishal Mega Mart, Sai Life Sciences and One Mobikwik Systems - will start trading on BSE and NSE on Tuesday, December 18.

Inventurus Knowledge Solutions will start trading on Thursday, December 19 and International Gemmological Institute on Friday, December 20.

In addition to mainboard issues, seven SME IPOs will also start trading on respective SME platforms of BSE and NSE next week.

Dhanlaxmi Crop Science Ltd. will list its shares on the NSE on December 16, followed by Jungle Camps India Limited and Toss The Coin Ltd. on December 17 on the BSE SME platform.

Supreme Facility Management Limited and Purple United Sales Limited will list shares on the NSE on December 18. Yash Highvoltage Limited will list shares on the BSE on December 19, and Hamps Bio Limited will list shares on December 20.

Four more IPOs likely to open in coming weeks

The IPO street is expected to remain busy in the coming weeks as four more public offers will be launched soon. These include Rosmerta Digital Services, Avanse Financial Services, Indo Farm Equipment, and DAM Capital Advisors Ltd. Of these, Roemerat Digital Services has announced the price band at ₹140-147 per share to raise around ₹206 crore. The rest of the companies are expected to announce the key details and launch dates soon.