It’s pouring IPOs. While some significant IPOs came in last week, this week and the coming week will witness another round of IPOs taking over the primary market. These two weeks are crucial as seven companies will be listed on the NSE and BSE.
If you haven’t made a note yet, here are the deets.
Upcoming: 7 IPOs Listing Dates
| Sr. No. | Companies | Listing Date | Issue Size (Rs. Cr.) | Issue Price (Rs.) |
| 1 | Arrowhead Separation Engineering Limited | 28 November | 13 | 233 |
| 2 | Rockingdeals Circular Economy Limited | 30 November | 21 | 140 |
| 3 | IREDA | 4 December | 2150.21 | 32 |
| 4 | Tata Technologies | 5 December | 3042.51 | 500 |
| 5 | Flair Writing Industries Limited | 5 December | 593 | 304 |
| 6 | Fedbank Financial Services Limited | 5 December | 1092.26 | 140 |
| 7 | Gandhar Oil Refinery (India) Ltd. | 5 December | 500.69 | 169 |
Of course, listings aren’t enough to take your attention. We have 5 IPOs coming up too. From AMIC Forging to Marinetrans India Limited, there is a plethora of companies releasing their public offerings.
5 Upcoming IPOs This Week
| Companies | IPO Opens on | IPO Closes on | Issue Size (Rs. Cr.) | Lot Size |
| AMIC Forging Limited | 29 November | 1 December | 34.80 | 1000 |
| Deepak Chemtex Limited | 29 November | 1 December | 23.04 | 1600 |
| Net Avenue Technologies Limited | 30 November | 4 December | 10.25 | 8000 |
| Marinetrans India Limited | 30 November | 5 December | 10.92 | 4000 |
| Graphisads Limited | 30 November | 5 December | 53.41 | 1200 |
AMIC Forging Limited
The first company to launch its IPO this week is AMIC Forging Limited. It was earlier known as Kali Mata Forging Private Limited since it was imported in 2007. The primary business is to manufacture forged components used in multiple industries.
IPO Details
| IPO Date | November 29 – December 1, 2023 |
| Face Value | ₹10 per share |
| Price Band | ₹121 to ₹126 per share |
| Lot Size | 1000 Shares |
| Total Issue Size | ₹34.80 Cr |
| Fresh Issue | ₹34.80 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE SME |
The IPO will open on 29 November and run until 1 December. This is a fresh issue IPO, and the proceeds of the IPO are to be used for building manufacturing units, expanding the business, fulfilling working capital requirements, and other general expenditure and corporate costs.
The revenue of the company has multiplied in the past three years. The total income increased from Rs. 26.43 crores in FY21 to Rs. 116.83 crores in FY23. AMIC Forging Limited’s revenue increased by 63.65%, and profit after tax (PAT) rose by 1031.78% between the financial year March 31, 2023, and March 31, 2022.
Deepak Chemtex Limited
Incorporated in 1997, Deepak Chemtex Limited produces colorants for various industries, including food, drugs, cosmetics, cleaning compounds, and agriculture. It also manufactures cosmetics and personal care products, along with food colors.
IPO Details
| IPO Date | November 29 to December 1, 2023 |
| Face Value | ₹10 per share |
| Price Band | ₹76 to ₹80 per share |
| Lot Size | 1600 Shares |
| Total Issue Size | Fresh Issue: ₹23.04 Cr |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE SME |
This is also a fresh issue; the proceeds will be used to purchase and install new plants and machinery, invest in DCPL Speciality Chemicals Pvt. Ltd., and meet working capital requirements and other corporate costs.
Deepak Chemtex Limited’s revenue decreased by 12.12%, and profit after tax (PAT) rose by 49.14% between the financial year ending March 31, 2023, and March 31, 2022.
Net Avenue Technologies Limited
Formerly known as Net Avenue Inc., it was incorporated in 1998. It is a direct-to-customer (online) apparel brand that sells Indian ethnic dresses and accessories.
IPO Details
| IPO Date | November 30 to December 4, 2023 |
| Face Value | ₹1 per share |
| Price Band | ₹16 to ₹18 per share |
| Lot Size | 8000 Shares |
| Total Issue Size | Fresh Issue: ₹10.25 Cr |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
This is also a fresh issue, and the funds raised will be used for marketing and awareness to acquire new customers. Then, to meet working capital and other corporate requirements and generate expenses.
Net Avenue Technologies Limited’s revenue increased by 5.34%, but its profit after tax (PAT) dropped by 32.55% between March 31, 2022, and March 31, 2023.
Marinetrans India Limited
It is a sea freight forwarding company which was started back in 2004. It began as a freight forwarder but now offers door-to-door delivery services, 3PL services, and other transport and logistics services.
IPO Details
| IPO Date | November 30 to December 5, 2023 |
| Face Value | ₹10 per share |
| Price | ₹26 per share |
| Lot Size | 4000 Shares |
| Total Issue Size | Fresh Issue: ₹10.92 Cr |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
The IPO is a fresh issue, and the proceeds will be utilized for general corporate expenses and working capital requirements.
Between FY20 and FY22, the company’s revenue grew by 66%, i.e., from Rs. 122.46 crores to Rs. 203.27 crores. However, the profit (PAT) increased by 673% during the same period, which is quite a massive shift.
Graphisads Limited
This marketing & communications agency is coming up with its fresh issue IPO on 30 November. The company offers all kinds of marketing, advertisement, and communication solutions to its clients who are spread across government, private and public sectors.
IPO Details
| IPO Date | November 30 to December 5, 2023 |
| Face Value | ₹10 per share |
| Price | ₹111 per share |
| Lot Size | 1200 Shares |
| Total Issue Size | Fresh Issue: ₹53.41 Cr |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
The company will use the proceeds from the issue to repay loans, fulfill working capital requirements, and pay for miscellaneous expenditures. The company’s total revenue grew from Rs. 47.55 crores to Rs. 99.04 crores between FY21 and FY23, while the PAT increased from Rs. 55.84 lakhs to Rs. 5.56 crores during the same period.
So, the stock market will be super busy these two weeks with all these IPO launches and listings. It will be interesting to see how the companies perform after being listed on the exchanges and whether the IPOs are successful.
QUICK LINKS:
CURRENT IPOS | LISTED IPOS | UPCOMING IPOS
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I’m Archana R. Chettiar, an experienced content creator with
an affinity for writing on personal finance and other financial content. I
love to write on equity investing, retirement, managing money, and more.
