IPOs Next Week: Arvind and Company Shipping Agency IPO to Open, 14 New Listings to Keep Primary Market Buzzing

The Indian primary market is showing no signs of slowing down as it gears up for another exciting week of initial public offerings (IPOs) and fresh listings. Following a slew of successful IPOs and new listings in recent weeks, investors are eagerly awaiting the opportunities that the second week of October will bring.

In the period spanning from September 30 to October 6, two mainboard IPOs, Valiant Laboratories and Plaza Wires, opened for listing and collectively raised an impressive ₹223.74 crore, according to market experts.

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Commenting on the IPO frenzy, Mahavir Lunawat, Managing Director of Pantomath Capital Advisors Pvt. Ltd, a mid-market investment bank, stated, “The IPO market has been buzzing this fiscal year with at least two to three public offers opening every day. There were fewer mega IPOs compared to last year, as more companies raised smaller tranches of money; but also rewarded investors better.”

In a bullish trend, most IPOs listed this financial year have delivered positive listing gains, with only seven out of 29 offerings yielding single-digit returns. The remainder all boasted double-digit listing gains, illustrating the attractiveness of the IPO market.

“The last half of the year looks promising, and the pipeline remains robust, with approximately 30 companies having received SEBI approval for IPOs, set to collect ₹40,740 crore, while another 38 companies, with an IPO size of ₹43,659 crore, are still awaiting SEBI approval and have filed offer documents,” added Lunawat.

Here’s a closer look at some of the companies scheduled to open for subscription this week, as well as several that are poised to debut on the stock exchanges:

Arvind And Company Shipping Agency IPO:

The eagerly anticipated SME IPO by Arvind And Company Shipping Agency is set to hit the primary market on Thursday, October 12. The subscription period will remain open until October 16, 2023. This IPO is a fixed-price issue of ₹14.74 crore, consisting entirely of a fresh issue of 32.76 lakh shares. The listing of Arvind and Company Shipping Agency IPO on NSE SME is tentatively scheduled for Wednesday, October 25, 2023.

New Listings:

  1. Plaza Wires: Shares of the mainboard IPO will commence trading on both BSE and NSE on October 13.
  2. Arabian Petroleum: The shares of this oil and lubricant SME firm will be listed on NSE SME on October 9.
  3. City Crops Agro: Shares of the SME IPO will be listed on BSE SME on October 10.
  4. Sunita Tools: Shares of the machine parts SME firm will debut on BSE SME on October 9.
  5. Goyal Salt: Shares of the raw salt SME manufacturer will be listed on NSE SME on October 10.
  6. E Factor Experiences: The shares of this event management SME firm will be listed on NSE SME on October 9.
  7. Kontor Space: Shares of the renting SME firm will start trading on NSE SME on October 10.
  8. Oneclick Logistics India: Shares of the logistics services SME firm will be listed on NSE SME on October 11.
  9. Canarys Automations: Shares of the IT solutions provider will debut on NSE SME on October 11.
  10. Vivaa Tradecom: Shares of the SME IPO will be listed on BSE SME on October 12.
  11. Vishnusurya Projects and Infra: Shares of the infrastructure segment SME will commence trading on NSE SME on October 12.
  12. Sharp Chucks And Machines: Shares of the SME manufacturer will debut on NSE SME on October 12.
  13. Plada Infotech Services: Shares of the SME IPO will be listed on NSE SME on October 12.
  14. Karnika Industries: Shares of the kids wear SME firm will be listed on NSE SME on October 13.

As the IPO season continues to thrive and more companies prepare to join the stock market, investors are keenly watching for opportunities to capitalize on the dynamic and exciting Indian primary market.

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