IPO Rush Next Week: Three New Issues And Eight Listings Set To Shake The Market

Indian Stock Market Set for Renewed Action with Three Upcoming IPOs

The primary market is gearing up for new listings as three Initial Public Offerings (IPOs) are scheduled for subscription next week. Among these, one will be a mainboard issue, while the other two will be launched on the Small and Medium Enterprises (SME) platform.

Mainboard IPOs

Investors will closely monitor subscription levels, grey market premiums, and listing performance as these new public issues hit the Indian market.

• SEDEMAC Mechatronics - Open: 4 March, Close: 6 March

The book-built issue is an offer-for-sale (OFS) of 0.80 crore shares aggregating to Rs 1,087.45 crore. This is an OFS, where existing shareholders will sell shares directly to the public, and proceeds from the IPO will go to the selling shareholders, not the company.

• Key Dates:
  • Allotment: 9 March

SME Platform IPOs

• Elfin Agro India - Open: 5 March, Close: 9 March

The fixed-price issue is valued at Rs 25.03 crore, entirely as a fresh issue of 0.53 crore shares.

• Key Details:
  • Issue Value: Rs 25.03 crore
  • Number of Shares: 0.53 crore
• Srinibas Pradhan Constructions - Open: 6 March, Close: 10 March

The book-built issue is valued at Rs 20.32 crore and includes a combination of fresh shares totalling 0.17 crore (Rs 16.79 crore) and an OFS of 0.04 crore shares (Rs 3.53 crore).

• Key Details:
  • Issue Value: Rs 20.32 crore
  • Number of Shares:
  • Fresh Shares: 0.17 crore (Rs 16.79 crore)
  • OFS Shares: 0.04 crore (Rs 3.53 crore)