These IPOs will open for subscription in India this week
What's the story
The primary market is gearing up for a busy week with 14 new initial public offerings (IPOs) set to open for subscription. Out of these, three are mainboard issues and 11 belong to the SME segment. The upcoming week will see the launch of three mainboard IPOs: Meesho, Aequs, and Vidya Wires.
Market anticipation
Meesho's IPO: Details and expectations
Meesho's IPO, which opens on December 3, is expected to be the most awaited public issue of the week. The ₹5,421 crore IPO will have a price band of ₹105-111 per share. It comprises a fresh issue of 38.29 crore shares worth ₹4,250 crore, and an offer for sale (OFS) of 10.55 crore shares worth ₹1,171.20 crore.
Upcoming offerings
IPO details of Aequs
Aequs, a player in the aerospace and precision manufacturing space, plans to raise ₹921.81 crore with its IPO priced at ₹118-124 per share. The issue opens on December 3 and closes on December 5. It includes a fresh issue of 5.40 crore shares worth ₹670 crore and an OFS of 2.03 crore shares worth ₹251.81 crore.
Mainboard details
Vidya Wires IPO and SME segment offerings
Vidya Wires's IPO, which opens for subscription on December 3 and closes on December 5, has a price band of ₹48-52 per share. It comprises a fresh issue of 5.27 crore shares worth ₹274 crore and an OFS of 0.50 crore shares worth ₹26.01 crore. Meanwhile, the SME segment will see around 11 new companies launch their IPOs next week to raise up to ₹250 crore in total.
Market debut
New listings set for next week
Next week will also witness three new companies making their stock market debut. SSMD Agrotech India IPO will list on BSE SME with a tentative listing date of December 2. Mother Nutri Foods and K K Silk Mills's IPOs are also expected to list on the same exchange with tentative dates of December 3.