Upcoming IPOs Next Week: NSE, Jindal Supreme Among 5 Mainboard, 6 SME Issues To Hit Primary Market

Upcoming IPOs Next Week: The primary market is set for another busy week, with 11 new initial public offerings (IPOs) lined up for subscription between September 14 and 18. The mainboard segment will see five IPOs, while six issues will open in the SME segment. This comes on the back of a strong IPO run last week, when 12 mainboard and 10 SME issues hit the market.

Among the mainboard issues, the Rs 22,561.57 crore IPO of the world's largest derivatives exchange by volumes, National Stock Exchange (NSE), will be the biggest attraction. Hero Motors, Jindal Supreme, SS Retail and Sonaselection India will also open their issues for subscription next week.

Two mainboard IPOs that opened last week, Veegaland Developers and Manika Plastech, will continue to remain available for subscription in the coming week. The SME segment will also remain active, with six IPOs launched last week carrying forward into next week.

The week will also see a flurry of listings, with 11 mainboard and eight SME IPOs scheduled to hit the exchanges.

NSE IPO

The NSE IPO will be the biggest issue to hit the primary market next week and the second-largest IPO in India after Hyundai Motor India's Rs 27,859 crore issue.

The NSE IPO is entirely an offer for sale of 126.40 million shares, with the issue size pegged at Rs 22,561.57 crore.

The IPO will open for subscription on September 17 and close on September 21. The allotment is expected to be finalised on September 22. The shares are likely to list only on the BSE, as NSE is the issuer and therefore cannot list its own shares.

The price band has been fixed at Rs 1,700-1,785 per share. The lot size is eight shares, taking the minimum investment for retail investors to Rs 14,280 at the upper end of the price band.

Hero Motors IPO

Hero Motors will open its Rs 1,000 crore IPO for subscription on September 16. The issue comprises a fresh issue of 71.40 million shares worth Rs 600 crore and an offer for sale of 47.60 million shares worth Rs 400 crore.

The IPO will close on September 18, with allotment expected on September 21. The shares are likely to list on both NSE and BSE on September 23.

The price band has been set at Rs 79-84 per share. Investors can bid for a minimum of 178 shares, requiring Rs 14,952 at the upper end of the price band.

Jindal Supreme IPO

Jindal Supreme will raise Rs 124.88 crore through its IPO, which will comprise a fresh issue of 10.70 million shares worth Rs 99.89 crore and an offer for sale of 2.69 million shares worth Rs 24.99 crore.

The IPO will open on September 16 and close on September 18. The allotment is expected on September 21, followed by a tentative listing on NSE and BSE on September 23.

The price band has been fixed at Rs 88-93 per share. The lot size is 161 shares, meaning retail investors will need Rs 14,973 to subscribe to one lot at the upper end of the price band.

SS Retail IPO

SS Retail will launch its Rs 500 crore IPO on September 16. The issue consists of a fresh issue of 8.51 million shares worth Rs 360 crore and an offer for sale of 3.30 million shares worth Rs 140 crore.

The issue will close on September 18, with allotment expected on September 21. The shares are scheduled to list on NSE and BSE on September 23.

The price band has been fixed at Rs 403-424 per share. The lot size is 35 shares, requiring a minimum investment of Rs 14,840 at the upper end of the price band.

Sonaselection India IPO

Sonaselection India will open its Rs 141.57 crore IPO on September 17. The issue is entirely a fresh issue of 14.30 million shares.

The IPO will close on September 21. The allotment is expected to be finalised on September 22, while the shares are likely to list on NSE and BSE on September 24.

The price band has been fixed at Rs 94-99 per share. The lot size is 150 shares, taking the minimum investment to Rs 14,850 at the upper end of the price band.