Laxmi Dental, Kabra Jewels, EMA Partners, and more: 5 upcoming IPOs

The IPO scene for the upcoming week (January 12–18, 2025) is set to be bustling with activity, as new issues open for subscription, and several companies gear up for their stock exchange listings. This week will also see IPO share allotments, which are expected to keep the market dynamic.

In addition to these IPO events, quarterly earnings releases from various companies will influence market trends and investor sentiment.

Key Upcoming IPOs for January 2025

Here’s a quick look at the IPOs scheduled for the week:

1. Laxmi Dental IPO (Mainboard Issue)

Subscription Period: January 13 to 15, 2025

Price Band: Rs 407 to Rs 428 per share

Issue Size: Rs 698.06 crore (includes a fresh issue of Rs 138 crore and an offer for sale of Rs 560.06 crore)

GMP: Currently trading at a premium of Rs 160 in the grey market, which suggests a potential listing price of Rs 591 per share (37.38% above the upper price band of Rs 428).

Listing Date: January 20, 2025

Lead Managers: Nuvama Wealth, Motilal Oswal, SBI Capital

Registrar: Link Intime

2. Kabra Jewels IPO (SME Issue)

Subscription Period: January 15 to 17, 2025

Price Band: Rs 121 to Rs 128 per share

Issue Size: Rs 40 crore (31.25 lakh shares)

GMP: Nil

Listing Date: January 22, 2025

Lead Manager: Marwadi Chandarana Intermediaries Brokers

Registrar: Cameo Corporate Services

3. Rikhav Securities IPO (SME Issue)

Subscription Period: January 15 to 17, 2025

Price Band: Rs 80 to Rs 86 per share

Issue Size: Rs 88.82 crore (includes a fresh issue and an offer for sale)

GMP: Nil

Listing Date: Expected January 20, 2025

Lead Manager: Smart Horizon Capital Advisors

Registrar: Link Intime

4. Land Immigration IPO

Subscription Period: January 16 to 20, 2025

Price Band: Rs 70 to Rs 72 per share

Issue Size: Rs 40.32 crore (56 lakh shares)

GMP: Nil

Listing Date: January 24, 2025

Lead Manager: Not disclosed

5. EMA Partners IPO

Subscription Period: January 17 to 21, 2025

Price Band: Rs 117 to Rs 124 per share

Issue Size: Rs 76.01 crore (53.34 lakh fresh shares)

GMP: Nil

Listing Date: January 26, 2025

Lead Manager: Indorient Financial Services

Registrar: Bigshare Services

Ongoing IPOs This Week

Sat Kartar Shopping IPO opened on January 10 and will close on January 14, 2025. The issue is already oversubscribed in the retail category and has a grey market premium of Rs 33, suggesting a listing at Rs 114 (40.74% above the upper price band).

Barflex Polyfilms IPO is open from January 10 to 15, 2025, with a price band of Rs 57 to Rs 60. The GMP is currently nil, with a listing expected at the upper price band of Rs 60.

Key IPO Allotment Dates:

Laxmi Dental IPO: January 16, 2025

Barflex Polyfilms IPO: January 16, 2025

Sat Kartar Shopping IPO: January 15, 2025

Market Trends to Watch: With the flurry of upcoming IPOs, investors should keep an eye on the listing performance, especially in light of the grey market premiums. The release of quarterly earnings will also likely impact market sentiment, influencing IPO performances and investor decisions.

The listing season continues to heat up in the second half of January, as more IPOs and listings come to the market, creating plenty of opportunities for potential investors.