Dalal Street is set for another action-packed week between October 13- 17, as several eagerly watched IPOs head for listing, while fresh issues continue to open for bidding. From the much-awaited Tata Capital and LG Electronics listings to new mainboard and SME entries, investors have a busy lineup ahead.
Let’s take a look at the key IPOs listing and opening this week –
Major listings to watch next week
This week will see a flurry of activity on the listing front, led by two of the biggest names in the market – Tata Capital and LG Electronics.
Tata Capital IPO is scheduled to list on the BSE and NSE on October 13. This will mark one of the most anticipated debut from the financial services space this year.
Soon after, LG Electronics IPO will make its market debut on October 14. The IPO opened for bidding on October 7 and closed on October 9, drawing heavy participation from institutional and retail investors alike.
The listing rush does not stop there. Rubicon Research will hit the bourses on October 16, meanwhile, infrastructure-focused Anantam Highways InvIT IPO is expected to list on October 17.
Meanwhile, fund house Canara Robeco Asset Management is slated to list on October 16, followed by Canara HSBC Life Insurance on October 17.
On the SME front, Mittal Sections will list on October 14, while Shlokka Dyes, Sihora Industries, and SK Minerals & Additives are all gearing up for their BSE SME listings on October 17.
Fresh IPO opening this week: Midwest in focus
Among the new launches, Midwest, a mainboard IPO, will open its Rs 451 crore IPO for subscription between October 15 to 17. The issue includes a fresh issue worth Rs 250 crore and an offer for sale (OFS) of Rs 201 crore.
The company has set a price band of Rs 1,014–1,065 per share. The allotment is likely to be finalised by October 20, with listing tentatively scheduled for October 24 on the BSE and NSE. DAM Capital Advisors is acting as the lead manager, and KFin Technologies is the registrar to the issue.
Ongoing subscriptions continue from previous week
Several IPOs that opened earlier this week will continue their bidding into next week.
Day 3 of subscription: Rubicon Research IPO, worth Rs 1,377.5 crore, remains open till October 13, with a price band of Rs 461–485 per share.
Day 3 of subscription: Canara Robeco Asset Management IPO, sized at Rs 1,326.13 crore, also closes on October 13, with a price band of Rs 253–266 per share.
Day 2 of subscription: Canara HSBC Life Insurance IPO, valued at Rs 2,517.5 crore, will remain open till October 14, offering shares in the Rs 100–106 range.
In the SME category, SK Minerals & Additives and Sihora Industries are also open for bidding till October 14.