After several action-packed weeks in the primary market, the upcoming week is expected to be calmer for large IPOs.
No new mainboard issues will open for subscription, but the SME segment will remain active with multiple new offerings and listings.
Let’s break down what’s opening, closing and listing in the coming week.
Mainboard IPO Activity: No New Issues, Two Important Listings
The mainboard market will take a breather next week with no fresh IPOs launching.
However, two companies are set to make their stock-market debut.
Excelsoft Technologies
The company recently wrapped up its Rs 500 crore IPO and is scheduled to list on Wednesday, November 26.
Investors can expect the allotment details to be finalised on Monday, November 24.
Sudeep Pharma
The Rs 895 crore public issue will remain open till Tuesday, November 25.
The basis of allotment is likely to be completed on Wednesday, November 26, and the stock is expected to list on Friday, November 28.
SME IPOs: Three New Issues Opening Soon
While big IPOs stay quiet, the SME segment will be busy with three new issues from companies across food, textile and agri-processing sectors.
SSMD Agrotech India
Opening: Tuesday, November 25
Closing: Thursday, November 27
The company aims to raise funds for working capital, loan repayment and expansion, including setting up new dark-store facilities and a namkeen manufacturing unit.
Mother Nutri Foods
Opening: Wednesday, November 26
Closing: Friday, November 28
The money raised will go toward building a new production unit in Mahuva, Gujarat, and general business needs.
The offer includes both fresh shares and an offer for sale.
KK Silk Mills
Opening: November 26
Closing: November 28
This fabric and garment manufacturer plans to use the IPO proceeds for machinery upgrades, debt reduction and other corporate purposes.
Upcoming Listings to Watch
Besides new issues, the SME platform will see a few companies get listed next week.
Gallard Steel will list on Wednesday, November 26.
Excelsoft Technologies is also set for its debut on November 26.
Sudeep Pharma will follow with its listing on Friday, November 28.
