Primary Market Heats Up With Five IPO Openings
The Indian primary market is set for a busy week as five initial public offerings (IPOs) open for subscription between September 28 and September 30. Investors will have the opportunity to bid on a mix of SME and mainboard issues across sectors.
Shah Investor’s Home IPO Opens September 28
Shah Investor’s Home kicks off its IPO on September 28, with the subscription window closing on September 30. The company has set a price band of ₹159–167 per share and aims to raise ₹90.17 crore. Shares are expected to list on the exchanges on October 6.
In the unofficial grey market, the company’s shares were trading at a premium of ₹10–12 during September 23–26, according to trackers. Grey market premiums are speculative and do not guarantee listing prices.
SRIT India IPO Also Opens September 28
SRIT India’s ₹218.40-crore IPO also opens on September 28 and closes on September 30. The price band has been fixed at ₹123–130 per share, with listing scheduled for October 6.
Grey market interest grew through last week. IPO Watch reported a GMP of ₹13 on September 24, ₹22 on September 25, and ₹32 on September 26.
Three More IPOs Open on September 30
Nityas Gems & Jewellery
Nityas Gems & Jewellery will open its ₹108.35-crore IPO on September 30 and close on October 5. The price band is ₹70–75, with listing scheduled for October 8. Its reported GMP stood at ₹0 on September 27.
Vishal Nirmiti
Vishal Nirmiti’s IPO also opens September 30 and closes October 5. The price band is fixed at ₹208–220 per share. The issue includes a fresh issue of up to 69.71 lakh shares and an offer for sale of 15 lakh shares, bringing the total issue size to ₹178 crore at the upper price band.
Paramount Syntex
Paramount Syntex is scheduled to open on September 30 and close on October 6. This SME IPO carries a price band of ₹119–127 and an issue size of ₹81.79 crore. Its shares are slated to list on October 9.
IPO Activity to Remain Elevated
With all five issues entering their subscription windows this week, investors will gain fresh demand data as bidding progresses. Last week, most of these companies were in the pre-IPO phase, with grey market activity providing unofficial signals. Actual subscription figures will be available once the IPOs open.
Stay tuned for updates on these and other primary market offerings.