Upcoming IPO This Week: Next week brings a lineup of six SME IPOs along with several high-profile listings on the domestic stock exchanges.

HighLights.

• NTPC Green Energy IPO: Listing on Nov 27.

• Six SME IPOs: Opening this week.

• Four IPO Listings: Two mainboard, two SME.

• Market Buzz: Active week for IPOs.

India’s primary market is set for a busy week, with the much-anticipated NTPC Green Energy IPO, Enviro Infra Engineers, and two other SME public offerings making their debut. In addition, six more SME IPOs will open starting November 25, further adding to the market activity.

After a dip of over half a percent on Friday, the stock market bounced back strongly with a gain of more than 2%, driven by major index heavyweights like Reliance, Infosys, ICICI Bank, and TCS. The Nifty 50 closed 2.39% higher at 23,907.25 points, up from the previous close of 23,349.90 points.

The BSE Sensex surged by 2.54%, closing at 79,117.11 points, up from the previous close of 77,155.79 points.

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Despite market challenges from the decline in Adani stocks amid allegations from the US securities regulator, the third week of November saw notable activity in the primary markets.

Looking ahead, next week will feature six SME IPOs, all set to raise funds from the public markets in the final week of November.

Upcoming IPO This Week: Here’s What’s on the Horizon!

Rajesh Power Services Limited IPO

Rajesh Power Services Limited, a consultancy firm serving state transmission and distribution companies, is set to launch an IPO in the SME segment. The company is offering a fresh issue of 27.9 lakh shares worth ₹93.47 crore, along with an offer-for-sale (OFS) of 20 lakh shares valued at ₹67 crore. Through this book-built issue, Rajesh Power Services aims to raise a total of ₹160.47 crore from the stock market.

The public issue for Rajesh Power Services is scheduled to open on Monday, November 25, and will close on Wednesday, November 27. The shares are expected to be listed on the BSE SME index on Monday, December 2.

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The price band for the IPO is set between ₹319 and ₹335 per share, with a face value of ₹10 per share. The lot size is 400 shares, requiring retail investors to make a minimum investment of ₹1,34,000. High-net-worth individuals (HNIs) must invest in a minimum of 2 lots (800 shares), totaling ₹2,68,000.

Isk Advisors Pvt Ltd is the book runner for the issue, while Bigshare Services Pvt Ltd serves as the registrar. Sunflower Broking will act as the market maker for the Rajesh Power IPO.

Rajputana Biodiesel Limited IPO

Rajputana Biodiesel Limited, a producer and supplier of biofuels and their by-products, is offering a fresh issue of 19 lakh shares through a book-built process, aiming to raise ₹24.70 crore from the stock market.

The public issue is set to open on Tuesday, November 26, and close on Thursday, November 28. The shares are expected to be listed on the NSE SME index on Tuesday, December 3.

The company has set a price band of ₹123 to ₹130 per share, with a face value of ₹10 per share and a lot size of 1,000 shares per lot. Retail investors need to make a minimum investment of ₹1,30,000, while high-net-worth individuals (HNIs) are required to invest in at least 2 lots (2,000 shares), totaling ₹2,60,000.

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GYR Capital Advisors Private Limited is the book runner, Maashitla Securities Private Limited is the registrar for the issue, and Giriraj Stock Broking is the market maker for the Rajputana Biodiesel IPO.

Abha Power and Steel Limited IPO 

Abha Power and Steel Limited, a company specializing in the casting and manufacturing of iron and steel products, is offering a fresh issue of 41.39 lakh equity shares, totaling ₹31.04 crore, along with an offer-for-sale of 10 lakh shares valued at ₹7.50 crore. Through this book-built issue, the company aims to raise ₹38.58 crore from the stock market.

The public issue will open for bidding on Wednesday, November 27, and close on Friday, November 29. The shares are expected to be listed on the NSE SME index on Wednesday, December 4.

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The company has set the price for the IPO at ₹75 per share, with a lot size of 1,600 shares per lot. Retail investors must make a minimum investment of ₹1,20,000, while high-net-worth individuals (HNIs) need to invest in at least 2 lots (3,200 shares), totaling ₹2,40,000.

Horizon Management Private Limited is the book-running manager for the public issue, Skyline Financial Services Private Ltd is the registrar, and Giriraj Stock Broking will act as the market maker for the Abha Power and Steel IPO.

Apex Ecotech Limited IPO 

Apex Ecotech Limited, a company specializing in water and wastewater treatment, is offering a fresh issue of 34.99 lakh shares to raise ₹25.54 crore from the Indian stock market.

The public issue will open for subscription on Wednesday, November 27, and close on Friday, November 29. The shares are expected to be listed on the NSE SME index on Wednesday, December 4.

The company has set a price band for the IPO between ₹71 and ₹73 per share, with a lot size of 1,600 shares per lot. Retail investors must make a minimum investment of ₹1,16,800, while high-net-worth individuals (HNIs) need to invest in a minimum of 2 lots (3,200 shares), totaling ₹2,33,600.

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Share India Capital Services Private Limited is the book-runner for the issue, Kfin Technologies Limited is the registrar, and Share India Securities will act as the market maker for the Apex Ecotech IPO.

Agarwal Toughened Glass India Limited IPO

Agarwal Toughened Glass India Limited, a leading manufacturer of tempered glass, is offering a fresh issue of 58 lakh shares to raise ₹62.64 crore through a book-built public issue.

The public issue will open for subscription on Thursday, November 28, and close on Monday, December 2. The shares are expected to be listed on the NSE SME index on Thursday, December 5.

The company has set the price band for the IPO between ₹105 and ₹108 per share, with a lot size of 1,200 shares per lot. Retail investors will need to make a minimum investment of ₹1,29,600, while high-net-worth individuals (HNIs) must invest in a minimum of 2 lots (2,400 shares), totaling ₹2,59,200.

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Cumulative Capital Private Limited is the book-runner for the issue, Kfin Technologies Limited is the registrar, and Nikunj Stock Brokers will act as the market maker for the Agarwal Toughened Glass India IPO.

Ganesh Infraworld Limited IPO

Ganesh Infraworld Limited, a construction service provider, is offering a fresh issue of 118.77 lakh shares through a book-built process, aiming to raise ₹98.58 crore from the stock market.

The public issue will be available for subscription from Friday, November 29, to Tuesday, December 3, with shares expected to be listed on the NSE SME index on Friday, December 6.

The price band for the IPO has been set between ₹78 and ₹83 per share, with a lot size of 1,600 shares per lot. Retail investors will need to invest a minimum of ₹1,32,800, while high-net-worth individuals (HNIs) must apply for at least 2 lots (3,200 shares), which amounts to ₹2,65,600.

Vivro Financial Services Private Limited is the book-running manager for the issue, Link Intime India Private Ltd is the registrar, and Rikhav Securities is the market maker for the Ganesh Infraworld IPO.

IPO Listing Next Week 

Dalal Street is gearing up for the listing of four initial public offerings (IPOs) starting Wednesday, November 27. Among them, the much-anticipated NTPC Green Energy IPO will make its debut on November 27.

In addition to NTPC Green Energy, other IPOs set to list this week include Enviro Infra Engineers, Lamosaic India, and C2C Advance Systems. Out of these, two IPOs—NTPC Green Energy and Enviro Infra Engineers—are mainboard listings, while the other two fall under the SME IPO category.

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FAQs

• What IPOs are listed this week?
  This week, four IPOs are listing, including the NTPC Green Energy IPO, plus six SME IPOs opening for subscription.

• When is the NTPC Green Energy IPO listing?
  The NTPC Green Energy IPO is expected to list on November 27.

• What are SME IPOs and why invest?
  SME IPOs offer opportunities in emerging companies with growth potential. Six SME IPOs are opening this week.

• Mainboard vs. SME IPOs?
  Mainboard IPOs are from larger companies listed on major exchanges, while SME IPOs are from smaller firms with higher growth potential but more risk.

• Should I invest in NTPC Green Energy or SME IPOs?
  Consider your risk tolerance and investment goals. NTPC Green Energy offers long-term growth in renewables, while SME IPOs may offer higher risk and returns.