After weeks of intense activity, India's primary market is preparing for a quieter period with no mainboard initial public offerings scheduled for the coming week. However, investors still have opportunities in the small and medium enterprise segment where three companies are launching their public issues.
SME IPOs Dominating the Week
The upcoming week will see three SME IPOs hitting the market with a combined fundraising target of approximately ₹100 crore. This comes after a busy November that witnessed major players like Lenskart, Groww, Pine Labs, and PhysicsWallah raising funds through their public offerings.
SSMD Agrotech India IPO Details
SSMD Agrotech India will open its IPO for subscription from November 25 to November 27. The company is launching a book build issue worth ₹34.09 crore, consisting entirely of a fresh issue of 0.28 crore shares. Investors can participate in the IPO at a price band of ₹114 to ₹121 per share. The issue is managed by 3Dimension Capital Services Ltd as the book-running lead manager, with Bigshare Services Pvt Ltd serving as the registrar.
K K Silk Mills Public Offer
K K Silk Mills enters the market with its IPO opening from November 26 to November 28. The company aims to raise ₹28.50 crore through a complete fresh issue of 0.75 crore shares. The price band for this SME IPO is set at ₹36 to ₹38 per share. Axial Capital Pvt Ltd is handling the book running responsibilities, while MUFG Intime India Pvt Ltd acts as the registrar.
Mother Nutri Foods Investment Opportunity
Mother Nutri Foods presents a mixed offering with its IPO scheduled from November 26 to November 28. The total issue size is ₹39.59 crore, comprising a fresh issue of 0.27 crore shares aggregating ₹31.67 crores and an offer for sale of 0.07 crore shares totaling ₹7.92 crores. The price band ranges from ₹111 to ₹117 per share. Marwadi Chandarana Intermediaries Brokers Pvt Ltd manages the book running, with Bigshare Services Pvt Ltd as registrar.
Upcoming Listings to Watch
While new IPO activity slows down, the market will witness several important listings in the coming days. Excelsoft Technologies is scheduled to list on both BSE and NSE with a tentative listing date of November 26. Similarly, Sudeep Pharma will make its market debut on BSE and NSE around November 28.
In the SME segment, Gallard Steel is set to list on the BSE SME platform with a tentative listing date of November 26. These listings will provide important indicators about market sentiment and investor appetite for new offerings.
The current slowdown in mainboard IPO activity gives investors breathing space to evaluate the recent flood of public offerings while focusing attention on the smaller but potentially promising SME segment. Market analysts suggest this pause might be temporary, with several large companies preparing to launch their IPOs in the coming months.
