India's IPO market is abuzz with activity in November 2024, with three key IPOs currently in progress. These include Mangal Compusolution Limited, Zinka Logistics Solutions, and Onyx Biotec Limited. Investors are keeping a close watch on these IPOs, as they hold great potential for substantial returns. In this article, we will provide an in-depth analysis of these three IPOs, their objectives, and the latest subscription statuses.

1. Mangal Compusolution Limited IPO
Mangal Compusolution is a leading name in the IT services sector, providing customized hardware and software rental solutions across major cities in India. The company has been serving prominent organizations and high-profile individuals for over two decades, known for delivering high-quality services through a strong, reliable team.

• Issue Details:
  The IPO for Mangal Compusolution is a Fixed Price Issue amounting to ₹16.23 Crores, consisting entirely of a Fresh Issue of 36.06 lakh shares.
  The issue price has been set at ₹45 per share, with a market capitalization of ₹61.22 Crores at the issue price.

• Subscription Period & Listing Date:
  The IPO subscription period is from November 12 to November 14, 2024. The shares are expected to be listed on the BSE SME on or around November 20, 2024.

• Investment Information:
  The lot size of the IPO is 3,000 shares, and the minimum investment for retail investors is ₹1,35,000. High-net-worth individuals (HNIs) must invest at least ₹2,70,000 (2 lots).

• Current Subscription Status:
  As of November 13, 2024, 5:00 PM, the IPO has been subscribed 7.51 times on its second day of subscription. The final allotment date is expected on November 18, 2024.

• Objectives of the IPO:
  The funds raised through the IPO will be used for capital expenditure (₹1,295.88 lakhs) and general corporate purposes (₹193.82 lakhs).

• GMP (Grey Market Premium):
  Currently, there is no Grey Market Premium (GMP), as there is no active trading of shares in the grey market.

2. Zinka Logistics Solutions Limited IPO
Zinka Logistics, operating under the brand name BlackBuck, is a platform that provides digital solutions to the trucking industry, including vehicle financing, telematics, load matching, and payments services. The platform is designed to optimize the efficiency of truck operators across India.

• Issue Details:
  The Zinka Logistics IPO is a Fixed Price Issue totaling ₹1,114.72 Crores, with a Fresh Issue of ₹550 Crores and an Offer for Sale amounting to ₹564.72 Crores.

  The price band for the IPO is set between ₹259 and ₹273 per share, which positions the market capitalization at ₹4,817.81 Crores at the upper price range.

• Subscription Period & Listing Date:
  The IPO subscription period is from November 13 to November 18, 2024, with a tentative listing date of November 21, 2024, on both BSE & NSE.

• Investment Information:
  The lot size for retail investors is 54 shares, with a minimum investment requirement of ₹14,742. For HNIs, the minimum investment is ₹2,06,388 (14 lots).

• Current Subscription Status:
  As of November 13, 2024, 5:00 PM, the IPO has been subscribed 0.24 times on its first day of subscription. The final allotment date is expected on November 19, 2024.

• GMP:
  The Grey Market Premium (GMP) for Zinka Logistics Solutions IPO is also ₹0, indicating no active trading in the grey market.

• Objectives of the IPO:
  Funds from the IPO will be utilized for:

  • Sales and marketing costs (₹2,000 Million)
  • Investment in Blackbuck Finserve (₹1,400 Million)
  • Product development (₹750 Million)
  • General corporate purposes

3. Onyx Biotec Limited IPO
Onyx Biotec Ltd. is a pharmaceutical company specializing in generic and proprietary pharmaceutical products. The company has been a key player in the production and distribution of medicines like Water for Injection (WFI) and Dry Powder Injections.

• Issue Details:
  Onyx Biotec's IPO is a Fixed Price Issue amounting to ₹29.34 Crores, consisting entirely of a Fresh Issue of 48.1 lakh shares.
  The price band for the IPO is ₹58 to ₹61 per share, with a market capitalization of ₹110.60 Crores at the upper price band.

• Subscription Period & Listing Date:
  The IPO subscription period is from November 13 to November 18, 2024, with a tentative listing date of November 21, 2024, on NSE SME.

• Investment Information:
  The lot size for the IPO is 2,000 shares, and the minimum investment for retail investors is ₹1,22,000. HNIs need to invest at least ₹2,44,000 (2 lots).

• Current Subscription Status:
  As of November 13, 2024, 5:00 PM, the IPO has been subscribed 2.80 times on its first day of subscription. The final allotment date is expected on November 19, 2024.

• GMP:
  The Grey Market Premium (GMP) for Onyx Biotec IPO is ₹0, similar to the other IPOs discussed.

• Objectives of the IPO:
  The funds raised from the IPO will be used for:

  • Upgrading existing manufacturing units (₹607.70 Lakhs)
  • Setting up packaging lines (₹124.05 Lakhs)
  • Repayment of loans (₹1,200 Lakhs)
  • General corporate purposes

Conclusion
As November 2024 progresses, these three IPOs—Mangal Compusolution, Zinka Logistics Solutions, and Onyx Biotec—are attracting significant attention from investors. With varied sectors represented, from IT services and logistics to pharmaceuticals, these companies offer potential growth opportunities for retail and institutional investors alike. Keep an eye on their subscription statuses, listing dates, and final allotments to make informed investment decisions.

The Upcoming IPOs in this week and coming weeks are Rosmerta Digital, NTPC Green, Avanse Financial and Nisus Finance.

The Current active IPO are  Mangal Compusolution, Black Buck, and Onyx Biotec.

For more insights into financial trends , visit our Top News Headlines. You can also explore investment opportunities in the market and apply for upcoming IPOs through our Best IPO to Apply Now section.