Upcoming IPOs This Week: Highly Anticipated NTPC Green Energy IPO and Two SME Offerings
The BlackBuck IPO, which opened on November 13, will close on November 18. The IPO aims to raise Rs 1,114.72 crore.
IPO
This week’s primary market will see the much-anticipated NTPC Green Energy IPO, aiming to raise Rs 10,000 crore. However, the SME IPO scene is relatively quiet, with only two offerings expected to raise a combined Rs 160.27 crore.
Here's a look at the upcoming IPOs:
Mainboard IPOs
NTPC Green Energy IPO
The NTPC Green Energy IPO will open on November 19 and close on November 22. The company plans to raise Rs 10,000 crore by issuing 92.59 crore fresh shares. Share allotments are expected to be finalised by November 25, with the listing on NSE and BSE likely to occur on November 27. The price band is set between Rs 102 and Rs 108 per equity share. The book-running lead managers for this IPO are IDBI Capital Market Services, HDFC Bank, IIFL Securities, and Nuvama Wealth Management.
Zinka Logistics IPO
The Zinka Logistics IPO, which opened on November 13, will close on November 18, aiming to raise Rs 1,114.72 crore. This issue includes both fresh shares and an offer for sale. Allotment is expected by November 19, with a listing on NSE and BSE likely by November 21. The price band for this IPO is between Rs 259 and Rs 273 per equity share, with a reservation of up to 26,000 shares for employees at a discount of Rs 25 per share. Axis Capital, Morgan Stanley India Company, JM Financial, and IIFL Securities are the book-running lead managers.
SME IPOs
Lamosaic India IPO
Lamosaic India is looking to raise Rs 61.20 crore through a fixed-price IPO, priced at Rs 200 per equity share. The IPO will offer 30.6 lakh fresh shares and will open on November 21, closing on November 26. The share allotment is expected to be finalised on November 27. Inventure Merchant Banker Services is the book-running lead manager, and Kfin Technologies is the registrar.
C2C Advanced Systems IPO
C2C Advanced Systems aims to raise Rs 99.07 crore by issuing 43.84 lakh fresh shares. The SME IPO will open on November 22 and close on November 26, with share allotment set for November 27. The IPO will be listed on NSE SME on November 29. The price band for the offering is between Rs 214 and Rs 226 per equity share. Mark Corporate Advisors and Beeline Capital Advisors are the book-running lead managers for the issue.
