Next week will see five listings and one SME public offering: view the complete list of IPOs here.

The primary market will stop next week with no new issues in the mainboard segment, following a spike in IPO activity following the June general election. On July 11, a single SME IPO from Sahaj Solar is expected to open.

Notwithstanding a short hiatus, experts think that India’s robust economy and bright future make this the perfect time for the nation’s thriving initial public offering (IPO) market.

“India’s booming initial public offering (IPO) market is in great shape right now because to the nation’s strong economic base and promising future. In the near future, we see significant investment in public markets and strong demand for both traditional and new-age firms.

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35 businesses from a variety of industries, including co-working spaces, furniture sales, and online ticket booking, were able to enter the market and raise over ₹32,000 crore in the first half of the year, according to Mahavir Lunawat, Managing Director of Pantomath Capital Advisors Pvt. Ltd.

Lunawat continued, “More activity, possibly bigger deals, and new listings across a variety of industries are anticipated in a stronger H2 CY25 for the IPO market. Prior to making any investment decisions, a careful examination of each company’s fundamentals and prospects for the future is still essential.

Although there aren’t any upcoming IPOs, Emcure Pharmaceuticals and Bansal Wire—two companies that have attracted a lot of interest from investors—will be listed on the market.

The list of IPOs that will be open in the coming week is as follows.

Sahaj Solar IPO

Subscriptions for the Sahaj Solar IPO will be accepted starting on July 11, 2024, and ending on July 15, 2024. The goal of this book-built issuance is to raise ₹52.56 crores by issuing 29,2 lakh shares in a completely new offering.

The initial public offering (IPO) pricing range is ₹171 to ₹180 per share. The Sahaj Solar IPO’s book running lead manager is Kunvarji Finstock Pvt Ltd, while the issue’s registrar is Kfin Technologies Limited.

Ambey Laboratories IPO

On July 4, 2024, the Ambey Laboratories IPO went live for subscriptions, and it will end on July 8, 2024. This IPO is a ₹44.68 crore book-built issuance. It consists of an offer to sell 3.12 lakh shares for ₹2.12 crores and a new issuance of 62.58 lakh shares worth ₹42.55 crores.

The initial public offering (IPO) pricing range is ₹65 to ₹68 per share. The issue registrar is Link Intime India Private Ltd, and the book running lead manager is Fast Track Finsec Pvt Ltd. The Ambey Laboratories initial public offering (IPO) market maker will be Nikunj Stock Brokers.

Ganesh Green Bharat IPO

The subscription period for the Ganesh Green Bharat IPO began on July 5, 2024, and it will end on July 9, 2024. This book-built IPO, which is valued at ₹125.23 crores, consists of a completely new issue of 65.91 lakh shares.

The pricing range for the Ganesh Green Bharat initial public offering is ₹181 to ₹190 per share. Kfin Technologies Limited is the registrant for the IPO, while Hem Securities Limited is the book running lead manager. The market maker for the Ganesh Green Bharat IPO is Hem Finlease.

Effwa Infra and Research IPO

The subscription period for the Effwa Infra and Research IPO began on July 5, 2024, and will end on July 9, 2024. The IPO is a book-built offer with a total value of ₹51.27 crores. It consists of an offer to sell 9.36 lakh shares, worth ₹7.68 crore, and a new issue of 53.17 lakh shares, worth ₹43.60 crores.

The IPO’s price range is set at ₹78 to ₹82 per share. Bigshare Services Pvt Ltd has been designated as the issue registrar, and Shreni Shares Limited is acting as the book running lead manager. The Effwa Infra and Research IPO’s market maker has been named as Rikhav Securities.

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New Listings :

Emcure Pharmaceuticals: On Monday, July 8, 2024, the Emcure Pharma IPO allotment is expected to be completed. The proposed listing date for the IPO is Wednesday, July 10, 2024, and it will take place on both the BSE and NSE.

Bansal Wire IPO: On Monday, July 8, 2024, the allocation for the Bansal Wire IPO is expected to be finalized. The BSE and NSE will both list the IPO, with a provisional listing date of Wednesday, July 10, 2024.

Ambey Laboratories IPO: On Tuesday, July 9, 2024, the allotment for the Ambey Laboratories IPO is expected to be finished. The NSE SME platform will host the Ambey Laboratories initial public offering (IPO), with a provisional listing date of Thursday, July 11, 2024.

Ganesh Green Bharat IPO: On Wednesday, July 10, 2024, the allotment for the Ganesh Green Bharat IPO is expected to be finalized. The IPO is scheduled to go live on NSE SME, with a provisional listing date of Friday, July 12, 2024.

Effwa Infra and Research IPO: On Wednesday, July 10, 2024, the allocation for the Effwa Infra and Research IPO is anticipated to be completed. The IPO is scheduled to go live on NSE SME, with a provisional listing date of Friday, July 12, 2024.