Tag: Primary Market

  • 5 New IPOs Debuting This Week in India: Key Dates, Price Bands, and Issue Sizes

    5 New IPOs Debuting This Week in India: Key Dates, Price Bands, and Issue Sizes

    India’s primary market is heating up with five initial public offerings scheduled to open between September 22 and 24. The companies span sectors including tiles, IT services, education infrastructure, power EPC, and steel, offering investors a diverse set of opportunities.

    Varmora Granito IPO

    Varmora Granito kicks off the week with its ₹708.02-crore issue from September 22 to 24. The price band is set at ₹140–₹148 per share, with a lot size of 101 shares, requiring a minimum investment of ₹14,948 at the upper end. The issue comprises a ₹320-crore fresh issue and a ₹388.02-crore offer for sale. The Gujarat-based company manufactures ceramic and vitrified tiles along with related surface products. Listing is expected on September 29.

    ArMee Infotech IPO

    Ahmedabad-based ArMee Infotech opens its ₹300-crore IPO on September 23, closing on September 25. The price band is ₹350–₹375 per share, with a minimum lot of 40 shares (₹15,000 at the upper band). Proceeds will fund business expansion, working capital, and debt repayment. The company provides IT infrastructure and managed services and has expanded into renewable-energy EPC and battery storage.

    Elevate Campuses IPO

    Elevate Campunes brings the week’s largest issue at ₹2,100 crore. The IPO runs from September 23 to 25, with a price band of ₹343–₹362 and a lot size of 41 shares. The education infrastructure company owns and manages student accommodation tied to higher-education institutions and K-12 assets. It plans to use ₹1,100 crore for acquisitions and ₹750 crore for debt repayment.

    Swastika Infra IPO

    Swastika Infra’s ₹160.87-crore IPO also opens on September 23 and closes on September 25. The price band is ₹175–₹185, with a lot size of 81 shares (₹14,985 at the upper end). The issue includes a fresh component of ₹128.50 crore and an OFS of ₹32.38 crore. The power transmission and distribution EPC company has 18 ongoing projects and an unexecuted order book of ₹916.55 crore as of July 2026.

    A-One Steels IPO

    A-One Steels India enters the market on September 24, with its ₹405-crore IPO closing on September 28. The price band is ₹385–₹405, with a lot size of 37 shares (₹14,985 at the upper band). The issue comprises ₹355 crore of fresh shares and ₹50 crore via OFS. The company manufactures long and flat steel products across six units in Karnataka and Andhra Pradesh, with ₹250 crore of proceeds earmarked for debt repayment.

    With five IPOs opening over three consecutive days, investors have multiple offerings to evaluate. Each company has a distinct business model and use of proceeds, underscoring the need for thorough due diligence before investing.

  • NSE IPO Opens September 17 Alongside Six Stock Debuts: Key Details for Investors

    NSE IPO Opens September 17 Alongside Six Stock Debuts: Key Details for Investors

    NSE IPO Opens for Subscription

    Dalal Street is bracing for a busy session on Thursday, September 17, as the National Stock Exchange’s long-awaited initial public offering opens for subscription. The same day, six companies that completed their IPOs last week are scheduled to begin trading on the NSE and BSE.

    The NSE IPO is an offer for sale, meaning existing shareholders are selling their shares and the exchange itself will not receive any proceeds from the offering. The issue is valued at around Rs. 22,568 crore, making it one of India’s largest public offerings, with a price band fixed at Rs. 1,700 to Rs. 1,785 per share. The subscription window remains open from September 17 to September 21.

    Ahead of the public issue, 189 institutional investors participated in the anchor allocation, buying shares worth approximately Rs. 6,746 crore at Rs. 1,785 per share.

    Six Companies Ready for Listing Day

    Investors will also track the stock-market debut of six companies that wrapped up their IPOs last week:

    • RentoMojo
    • LCC Projects
    • Manipal Payment & Identity Solutions
    • Asset Reconstruction Company (India)
    • Karamtara Engineering
    • Steamhouse India

    Collectively, these six issues generated strong demand. According to the Times of India, the offerings drew total bids of around Rs. 1.4 lakh crore, against a combined mobilisation target of about Rs. 7,100 crore.

    Among the debutants, RentoMojo raised about Rs. 1,255.6 crore, Karamtara Engineering Rs. 875 crore, Manipal Payment & Identity Solutions Rs. 805 crore, Asset Reconstruction Company (India) Rs. 733 crore, LCC Projects Rs. 427 crore and Steamhouse India Rs. 414 crore.

    Derivatives Market in Focus

    The NSE listing also comes at a time of change in the derivatives segment, a key revenue source for the exchange. Reuters reported that investors are weighing recent regulatory changes and softer derivatives volumes while assessing the offer.

    With the primary market buzzing, Thursday’s session is expected to keep Dalal Street active as both the exchange’s IPO and the new listings take centre stage.

    This article is for informational purposes only and does not constitute investment advice. Readers should conduct their own research before making investment decisions.

  • Knack Packaging IPO: Rs. 439.50 Crore Issue Opens July 1 – Price Band, GMP, Lot Size & Key Dates

    Knack Packaging IPO: Rs. 439.50 Crore Issue Opens July 1 – Price Band, GMP, Lot Size & Key Dates

    The initial public offering (IPO) of Knack Packaging Ltd will open for subscription on July 1, 2026, and close on July 3, 2026. The company aims to raise approximately Rs. 439.50 crore through a book-built issue comprising both a fresh issue and an offer for sale (OFS). The equity shares are expected to list on the BSE and NSE on July 8, 2026.

    Knack Packaging IPO GMP (Grey Market Premium)

    In the grey market, Knack Packaging shares are currently trading at a premium of Rs. 5 to Rs. 9 per share. Based on the upper price band of Rs. 170 and a GMP of Rs. 5, the estimated listing price is around Rs. 175, implying a potential listing gain of approximately 2.9%. Investors should note that the GMP is not an official figure and may change before listing.

    IPO Size, Structure & Reservation

    The issue is a combination of a fresh issue of 2.24 crore shares aggregating Rs. 380 crore and an OFS of 0.35 crore shares aggregating Rs. 59.50 crore.

    • Price Band: Rs. 161–170 per share
    • Lot Size: 88 shares
    • Minimum Investment (Retail): Rs. 14,960
    • sNII (Small Non-Institutional Investors): 14 lots (1,232 shares) – Rs. 2,09,440
    • bNII (Big Non-Institutional Investors): 67 lots (5,896 shares) – Rs. 10,02,320
    Category Reservation
    Qualified Institutional Buyers (QIB) Not more than 50%
    Retail Investors Not less than 35%
    Non-Institutional Investors (NII) Not less than 15%

    The basis of allotment is expected to be finalized on July 6, 2026 (July 4 being a Saturday). Systematix Corporate Services Ltd. is the book-running lead manager, and MUFG Intime India Pvt. Ltd. is the registrar for the issue.

    About Knack Packaging

    Founded in 2013, Knack Packaging is a one-stop packaging solutions provider specializing in printed and laminated woven polypropylene (PLWPP) bags. The company serves the food, pet food, agriculture, fertilizers, cement, chemicals, and other industries. It holds approximately 10.1% market share in India’s flexible bulk PLWPP bag market as of Fiscal 2025. The firm serves over 1,950 customers across 68 countries and has created more than 73,000 printing cylinders.

    Financial Performance

    • Total Income (FY26): Rs. 843.77 crore (up 13% from Rs. 747.38 crore in FY25)
    • Profit After Tax (FY26): Rs. 92.72 crore (up 26% from Rs. 73.59 crore in FY25)
    • EBITDA (FY26): Rs. 172.29 crore

    The IPO presents investors an opportunity to participate in the growth of a leading packaging player with a strong financial trajectory and a large international client base.