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Market News

Upcoming IPOs: Waaree Energies, Deepak Builders and Engineers among 8 companies to make D-street debut next week; check list

Upstox
By Upstox News Desk

4 min read | Updated on October 26, 2024, 15:30 IST

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SUMMARY

The primary market is set to see an eventful week leading to Diwali as eight companies will make their D-street debut after successful IPO subscriptions. Additionally, the bidding window for two public issues is also slated to close next week.

The D-street debut of eight companies is likely to keep the primary markets active in the festive week

The D-street debut of eight companies is likely to keep the primary markets active in the festive week

The week starting October 21 was a significant phase for the primary markets. Hyundai Motor India made the market debut after its IPO, the largest public offer so far in the country, while Waaree Energies set a new record as it received the highest number of applications for its initial public offering till now. The solar cell maker’s public issue closed with 97.34 lakh applications.
The upcoming week beginning Monday, October 28, is expected to see limited trading sessions on account of the festival of Diwali. The markets will remain closed on Friday, November 1. However, a special trading session for ‘Muhurat Trading’ will be held between 6 pm and 7 pm on Friday.

The D-street debut of eight companies is likely to keep the primary markets active in the festive week. Additionally, the subscription window for two public issues is also slated to close next week.

Here’s a look at all the primary market action slated to happen in the upcoming week:

Subscription window of 2 IPOs to close next week

The bidding window of the mainboard issue Afcons Infrastructure and SME issue Usha Financial Services is scheduled to close next week.

Afcons Infrastructure IPO

Afcons Infrastructure IPO (Afcons Infrastructure Limited IPO) is worth ₹5,430 crore. The book-built issue consists of a fresh issuance of 2.7 crore shares amounting to ₹1,250 crore and an offer-for-sale of 9.03 crore shares aggregating to ₹4,180 crore.

The price band for the mainboard issue has been fixed at ₹440 to ₹463 per share. Retail investors can apply for the issue by placing bids for a minimum of a single lot of 32 shares, which aggregates to an investment of ₹14,816.

Afcons Infrastructure IPO opened for subscription on Friday, October 25. The three-day bidding window of the mainboard issue is scheduled to close on October 29. The share allotment status of the public issue will be decided by Wednesday, October 30. Shares of Afcons Infrastructure will be listed on the BSE and the NSE. Shares of the company are likely to list on the exchanges on Monday, November 4.

Also read: Afcons Infrastructure IPO opens on October 25: Check business model, price band & more

Usha Financial Services IPO

Usha Financial Services aims to raise ₹98.45 crore through a fresh issuance of 58.6 lakh shares. The price band for the SME issue has been fixed ₹160 to ₹168 per share. Retail investors can apply for the public issue by placing bids for 1 lot, or 800 shares, which amounts to an investment of ₹1,34,400.

The subscription for Usha Financial Services IPO opened on October 24. The bidding window is scheduled to close on October 28. The share allotment status of Usha Financial Services IPO is likely to be finalised on Tuesday, October 29. Shares of Usha Financial Services will be listed on the NSE SME platform. The tentative listing date for the SME issue is Thursday, October 31.

8 IPO listings scheduled next week

Shares of Deepak Builders and Engineers India Limited, and Waaree Energies Limited will make their D-street debut on the BSE and NSE on October 28. Shares of automotive component maker Premium Plast Limited will be listed on the NSE SME platform, Emerge, on Monday, October 28.

Shares of Danish Power Limited, United Heat Transfer Limited and OBSC Perfection Limited will be listed on the NSE Emerge platform on Tuesday, October 29. Chemical manufacturer Godavari Biorefineries Limited shares will be listed on the NSE and BSE on Wednesday, October 30. Non-Banking Finance Company (NBFC) Usha Financial Services shares will be listed on the NSE SME platform on Thursday, October 31.

Upcoming IPOs to watch out for

Food delivery major Swiggy is also likely to float its initial public offer in the upcoming weeks of 2024, after the approval from the market regulator SEBI. As per reports, the issue is likely to open for subscription in November 2024. The company is looking to raise ₹11,000 crore via a fresh issuance of shares worth ₹5,000 crore.

State-owned power sector player NTPC subsidiary NTPC Green Energy Limited is also gearing up to raise money from the primary market. According to reports, the ₹10,000-crore IPO will likely open for subscription in early November.

Additionally, the public offer of electric two-wheeler maker Ather Energy is also anticipated to open in the upcoming weeks.

To know more about IPO listing, schedule and upcoming IPOs, click here
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Upstox
Upstox News Desk is a team of journalists who passionately cover stock markets, economy, commodities, latest business trends, and personal finance.

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