The primary market is gearing up for an exciting week starting November 4, with four mainboard IPOs and two SME IPOs set to launch. This surge comes despite the Indian stock market's recent challenges, including a notable 7.5% decline in the Nifty 50 index in October due to record foreign institutional investor (FII) outflows, disappointing Q2 earnings, and escalating geopolitical tensions in the Middle East. However, the IPO market remains resilient, highlighted by six mainboard IPOs last month, including the historic ₹27,870.16 crore Hyundai Motor India IPO, which stands as the largest in India to date.

Sagility India IPO
The Sagility India IPO is slated to open for subscription on Tuesday, November 5, and will close on Thursday, November 7. This healthcare services company aims to raise ₹2,106.60 crore through a book-built issue at a price band of ₹28 to ₹30 per share. Notably, the Sagility India IPO is entirely an offer-for-sale (OFS), with 70.22 crore equity shares being sold by its promoter, Netherlands-based Sagility BV. Ahead of the IPO, the promoter successfully raised ₹366 crore by selling a 2.61% stake to nine institutional investors on October 30-31.

Swiggy IPO
Next up is the much-anticipated Swiggy IPO, which will open for public subscription on Wednesday, November 6, and close on Friday, November 8. The total issue size is ₹11,327.43 crore, with a price band set between ₹371 and ₹390 per share. This offering consists of a fresh issue of 11.54 crore equity shares worth ₹4,499 crore and an OFS of 17.51 crore shares, valued at ₹6,828.43 crore. The OFS includes notable selling shareholders such as Accel India IV (Mauritius) Ltd, Apoletto Asia Ltd, and Tencent Cloud Europe B.V.

ACME Solar Holdings IPO
The bidding for the ACME Solar Holdings IPO will coincide with the Swiggy IPO, also commencing on November 6 and concluding on November 8. This mainboard IPO aims to raise ₹2,900 crore, with a fresh issue of 8.29 crore shares aggregating to ₹2,395 crore, and an OFS of 1.75 crore shares worth ₹505 crore. The price band for this offering is set at ₹275 to ₹289 per share, attracting considerable investor attention as clean energy continues to gain traction.

Niva Bupa Health Insurance IPO
Launching shortly after, the Niva Bupa Health Insurance IPO will be open for subscription from November 7 to November 11, targeting a total raise of ₹2,200 crore. The issue comprises a fresh issue of ₹800 crore and an OFS component of ₹1,400 crore, with the price band set at ₹70 to ₹74 per share.

Neelam Linens and Garments IPO
On the SME front, the Neelam Linens and Garments IPO will open on Friday, November 8, and will close on November 12. The price band is set between ₹20 to ₹24 per share, aiming to raise ₹13 crore from a fresh issue of 54.18 lakh equity shares. The shares will be listed on NSE SME, with a tentative listing date scheduled for November 18.

Rosmerta Digital Services IPO
Lastly, the Rosmerta Digital Services IPO is a book-built issue valued at ₹206.33 crore, entirely a fresh issue of 140.36 lakh shares. It opens for subscription on November 18 and closes on November 21, with allotments expected to be finalized on November 22. The price band is set at ₹140 to ₹147 per share, requiring a minimum investment of ₹147,000 for retail investors and ₹294,000 for HNIs.

As the primary market prepares for this week’s IPOs, investors are advised to keep a close watch on these offerings. The combination of substantial capital raises and diverse sectors makes this an enticing opportunity for potential investors looking to participate in the vibrant IPO landscape.

The Upcoming IPOs in this week and coming weeks are Archit Nuwood Industries Limited, Swiggy, ACME Solar Holdings, Sagility India, Neelam Lines and Garments, Niva Bupa Health, Rosmerta Digital, NTPC Green, Avanse Financial.

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.