IPO action next week is expected to remain strong despite recent volatility in the equity markets, as four companies are set to launch their initial public offerings (IPOs) starting January 19. Market participants believe that the primary market is unlikely to be impacted by short-term fluctuations, even as benchmark indices continue to trade in a range-bound manner.
The frontline indices have largely consolidated after a recent correction, while broader markets have underperformed the benchmarks with subdued performance so far this month. However, investor interest in upcoming IPOs remains intact, supported by healthy demand seen in recent listings.
Shadowfax Technologies IPO: Mainboard Issue
Logistics solutions provider Shadowfax Technologies will be the only company from the mainboard segment to launch its IPO next week. The ₹1,907-crore issue will open for subscription on January 20 and close on January 22, with a price band fixed at ₹118–124 per share.
The technology-led third-party logistics company plans to raise ₹1,000 crore through a fresh issue of shares. Additionally, existing investors including Flipkart, NewQuest Asia, Qualcomm, and Mirae Asset will offload shares worth ₹907.2 crore through an offer-for-sale (OFS).
SME IPOs Next Week
Three companies from the SME segment are also scheduled to tap the primary market.
Digilogic Systems
Which provides automated test and measurement solutions for defence, aerospace, and automotive industries, will be the first SME IPO to open. The company aims to raise ₹81 crore at the upper end of the ₹98–104 price band. The issue will be open from January 20 to January 22 and includes a fresh issue worth ₹69.67 crore along with an OFS of 10.89 lakh shares by promoter Madhusudhan Varma Jetty.
KRM Ayurveda
Which operates a network of hospitals and clinics, plans to mobilise ₹77.5 crore through an IPO of 57.4 lakh shares. The issue will open on January 21 and close on January 23, with a price band of ₹128–135 per share.
Shayona Engineering
A precision casting solutions provider, will launch its IPO on January 22. The issue, priced at ₹140–144 per share, will remain open until January 27 and aims to raise nearly ₹15 crore.
Collectively, these four IPOs are targeting a fundraise of ₹2,081 crore.
IPO Listings Next Week
Apart from fresh issues, a total of nine companies are scheduled to list on the stock exchanges next week. These include Bharat Coking Coal and Amagi Media Labs from the mainboard segment. Bharat Coking Coal’s IPO witnessed a strong response with a 147-times subscription, while Amagi Media Labs’ issue was subscribed over 30 times.
In the SME segment, companies such as Defrail Technologies, Avana Electrosystems, Narmadesh Brass Industries, Indo SMC, and GRE Renew Enertech are set to debut on BSE SME and NSE Emerge platforms between January 19 and January 23.
Market observers noted healthy grey market premiums for several of these listings, indicating sustained investor interest despite broader market consolidation.
Disclaimer: This article is for informational purposes only. Investors are advised to consult certified financial advisors before making any investment decisions, as market investments are subject to risk.