The Indian IPO market is buzzing with activity this November 2024 as three companies—Lamosaic India, C2C Advanced Systems, and NTPC Green Energy—prepare to launch their initial public offerings. Each IPO presents unique opportunities across different industries, with investment options tailored for various investor types. Below are the detailed summaries of each IPO.

Lamosaic India IPO

• IPO Size and Structure: Lamosaic India’s IPO is a fixed price issue valued at Rs 61.20 crores. It offers a fresh issuance of 30.6 lakh shares.
• Subscription Dates: The IPO will open on November 21, 2024 and close on November 26, 2024.
• Pricing Details: The price is fixed at ₹200 per share, with a minimum lot size of 600 shares, amounting to an investment of ₹120,000 for retail investors. HNIs are required to invest in two lots (1,200 shares), totaling ₹240,000.
• Listing and Registrar: This IPO will list on the NSE SME, with Kfin Technologies Limited acting as the registrar.
• Company Background: Originally founded as a trading firm, Lamosaic India, now a public limited company, operates primarily in decorative laminates and related materials. It has diversified from trading into small-scale manufacturing. With high revenue margins, the company is one to watch in the competitive and fragmented laminates market.

C2C Advanced Systems IPO

• IPO Size and Structure: C2C Advanced Systems has set a book-built issue of Rs 99.07 crore, entirely comprising 43.84 lakh new shares.
• Subscription Dates: Investors can subscribe from November 22, 2024, to November 26, 2024.
• Pricing Details: The price band for this IPO ranges from ₹214 to ₹226 per share. The minimum application lot is 600 shares, totaling ₹135,600 for retail investors, with HNIs required to invest in two lots, which amounts to ₹271,200.
• Listing and Registrar: C2C Advanced Systems’ shares will be listed on NSE SME, with Link Intime India Private Ltd as the registrar.
• Company Background: New Delhi-based C2C Advanced Systems Ltd. provides defence solutions, including hardware, software, and embedded systems across power, radio frequency, radar, and AI/ML-based analytics. The company boasts a strong order book of Rs 50.56 crore as of September 2024 and plans to use the IPO proceeds for infrastructure and expansion in Bengaluru and Dubai. Given its role in India’s defence sector, C2C Advanced Systems presents an appealing investment for those interested in defence technology.

NTPC Green Energy IPO

• IPO Size and Structure: NTPC Green Energy, a subsidiary of NTPC Ltd., is launching a substantial book-built IPO worth Rs 10,000 crores, offering 92.59 crore new shares.
• Subscription Dates: The IPO will be open from November 19, 2024, to November 22, 2024.
• Pricing Details: The price band is set between ₹102 to ₹108 per share. The minimum lot size for retail investors is 138 shares, with an investment of ₹14,904. For HNIs, the minimum lot size is 14 lots (1,932 shares), amounting to ₹208,656.
• Listing and Registrar: NTPC Green Energy will be listed on both BSE and NSE main boards, with Kfin Technologies Limited as the registrar.
• Company Background: As India’s largest renewable energy public sector enterprise (excluding hydro), NTPC Green Energy focuses on solar and wind projects across six states. With an existing capacity of 3,220 MW in solar and 100 MW in wind, NTPC Green has plans to expand significantly, with a total pipeline of 26,071 MW across contracted and proposed projects. The IPO proceeds will help drive this renewable expansion, making it an attractive option for investors focused on sustainable energy and ESG-compliant companies.

Investment Opportunities and Sector Focus

1. Lamosaic India IPO offers exposure to the decorative laminates and plywood market, which is steadily growing in India. The company’s niche positioning, despite high competition, presents a good value proposition for retail investors.

2. C2C Advanced Systems IPO provides a unique opportunity to invest in the defence sector, especially given India’s focus on bolstering domestic defence technology. The company’s advanced solutions for situational awareness, radar systems, and AI applications position it well within this high-growth sector.

3. NTPC Green Energy IPO appeals to those interested in renewable energy. As India scales up its green energy transition, NTPC Green is at the forefront, with large-scale solar and wind projects in its portfolio.

Key Dates

Final Thoughts

These three IPOs in November 2024 provide a mix of opportunities across renewable energy, defence solutions, and manufacturing. With India’s IPO landscape expanding, retail and institutional investors alike can consider these IPOs based on sector interests and investment goals.

The Upcoming IPOs in this week and coming weeks are Lomosaic India, C2C Advanced System, Rosmerta Digital, NTPC Green, Avanse Financial and Nisus Finance.

The Current active IPO are Zinka Logistics Solution (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.