Upcoming IPOs Next Week: 3 Mainboard & SME Public Issues To Go Live; 3 New Listings On The Table

The Indian primary market continues to keep buzzing, with a slew of IPOs hitting both the mainboard and SME segments. The third week of October is no exception, packed with new subscription opportunities and listings that are generating significant market buzz. The highlight of this week is undoubtedly the highly anticipated Hyundai Motor India IPO, a massive offering that is expected to attract major attention. Let's dive into the details of this week's upcoming IPOs and the listings scheduled to debut on the stock exchanges.

Ongoing IPOs
Among the ongoing issues, Pranik Logistics is one of the key players in the SME segment. The company's IPO is set to close for subscription on October 14, 2024, offering investors a final chance to subscribe before the allotment process begins.

The allotment for Pranik Logistics IPO is expected to be finalized on October 15, 2024, with shares set to debut on the NSE SME platform on October 17, 2024. This SME IPO has attracted interest from retail investors, and its performance could offer insights into broader market sentiment for smaller companies.

Major IPOs Opening for Subscription This Week
The third week of October is poised to deliver some exciting IPOs that will be open for subscription across both the mainboard and SME segments. Here are the most notable issues to watch:

Hyundai Motor India IPO
The Hyundai Motor India IPO is set to make a splash in the mainboard segment. As one of the largest offerings in the Indian primary market, Hyundai's IPO is a Rs 27,870.16 crore book-built issue. Notably, the entire issue is an offer for sale (OFS) of 14.22 crore shares, meaning no fresh capital will be raised.
Opening Date: October 15, 2024
Closing Date: October 17, 2024
This highly anticipated IPO is expected to attract strong institutional and retail investor interest, given Hyundai Motor's brand value and solid market position. The company is a leading player in the automotive industry, and its IPO marks a milestone in India's capital markets.

Lakshya Powertech IPO
Another IPO this week is Lakshya Powertech, a relatively smaller book-built issue compared to Hyundai Motor India. The company is set to raise Rs 49.91 crore, with the issue consisting entirely of a fresh issue of 27.73 lakh shares.
Opening Date: October 16, 2024
Closing Date: October 18, 2024
Allotment Finalization: October 21, 2024
Lakshya Powertech is expected to appeal to investors looking for growth in the power and infrastructure space. As an SME IPO, this offering targets smaller investors who are seeking opportunities in niche sectors.

Freshara Agro Exports IPO
Rounding out the list of new IPOs this week is Freshara Agro Exports, another SME issue focused on the agro-export industry. Freshara Agro is looking to raise Rs 75.39 crore through a fresh issue of 64.99 lakh shares.
Opening Date: October 17, 2024
Closing Date: October 21, 2024
Allotment Finalization: October 22, 2024
The agro-export business is a rapidly growing sector, and this IPO offers investors a chance to tap into the expanding opportunities in agriculture exports. With India's increasing focus on agricultural exports, Freshara Agro's IPO is likely to garner attention from sector-specific investors.

New Listings
Alongside these upcoming IPOs, the stock market will also witness new listings that are set to debut this week. These listings provide an exciting opportunity for investors who have already subscribed to the IPOs and are awaiting the companies' market debut.

Garuda Construction and Engineering Limited
Shares of Garuda Construction and Engineering Limited, a mainboard IPO, are set to debut on both BSE and NSE. The tentative listing date for Garuda Construction is October 15, 2024. Investors who subscribed to this IPO are keen to see how the company performs on its first day of trading, particularly in light of the market's volatile conditions.

Shiv Texchem Limited
In the SME segment, Shiv Texchem Limited is preparing to list its shares on BSE SME. The tentative listing date for this IPO is also set for October 15, 2024. Investors will be watching closely to gauge the performance of this SME listing, which has already generated considerable interest among retail investors.

Pranik Logistics Limited
As previously mentioned, Pranik Logistics Limited will be listing on the NSE SME platform on October 17, 2024. Investors are hopeful for a strong debut following the IPO's closing on October 14, 2024.

Afcons Infrastructure IPO
In addition to the confirmed IPOs, Afcons Infrastructure is another offering that is generating market buzz. Although the exact dates for Afcons Infrastructure's IPO have not been confirmed at the time of writing, this upcoming mainboard issue is expected to attract substantial interest.

Investors are advised to keep an eye out for announcements regarding the Afcons Infrastructure IPO, as this could be another major offering to hit the market soon.