The IPO landscape in India is buzzing with activity, offering investors several opportunities in the coming weeks. Neelam Linens & Garments and Rosmerta Digital Services are two upcoming IPOs that are set to open for subscription soon, while current active IPOs like Sagility India, Swiggy, ACME Solar Holdings, and Niva Bupa Health are generating significant interest. Here’s a breakdown of these IPOs and their key details.

Upcoming IPOs

1. Neelam Linens & Garments IPO

• Issue Size: ₹13.00 crores
• Price Band: ₹20 to ₹24 per share
• Opening Date: November 8, 2024
• Closing Date: November 12, 2024
• Lot Size: 6,000 shares (₹144,000 minimum investment for retail investors)
• Listing Date: November 18, 2024 (on NSE SME)

Neelam Linens & Garments is a textile manufacturing company that has been in operation since 2011. The IPO is entirely a fresh issue of 54.18 lakh shares, which will be used to fund capital expenditure on embroidery machines, repayment of borrowings, and general corporate purposes.

The textile sector has strong growth potential in India, and this IPO might attract retail and HNI investors looking to capitalize on the sector's growth. The company’s focus on high-quality linen products and expanding its manufacturing capabilities positions it for long-term growth.

2. Rosmerta Digital Services IPO

• Issue Size: ₹206.33 crores
• Price Band: ₹140 to ₹147 per share
• Opening Date: November 18, 2024
• Closing Date: November 21, 2024
• Lot Size: 1,000 shares (₹147,000 minimum investment for retail investors)
• Listing Date: November 26, 2024 (on BSE SME)

Rosmerta Digital Services is a subsidiary of Rosmerta Technologies Limited, focusing on digitally-enabled services for the automotive industry. The company’s primary offerings include vehicle registration services, garage services, and last-mile delivery, facilitated by its proprietary URJA platform.

The IPO will help the company expand its IT infrastructure, set up warehouses, and fund working capital requirements. With strong relationships with OEMs like OLA Electric and Royal Enfield, this IPO offers an opportunity to invest in a company poised to lead in the digital transformation of the automotive sector.

Current Active IPOs

1. Sagility India Limited IPO

• Issue Size: ₹2,000 crores
• Price Band: ₹900 to ₹950 per share
• Opening Date: November 6, 2024
• Closing Date: November 9, 2024
• Listing Date: November 14, 2024 (on BSE and NSE)

Sagility India is a leading healthcare outsourcing services provider that works with some of the largest healthcare companies globally. The IPO is offering a fresh issue of 2,000 crores, with the company planning to use the proceeds to fund expansion into new markets and enhance its digital capabilities.

This IPO is highly anticipated due to the company’s dominant position in the healthcare outsourcing market, making it an attractive option for investors looking for exposure to the healthcare and IT sectors.

2. Swiggy IPO

• Issue Size: ₹10,000 crores
• Price Band: ₹1,100 to ₹1,150 per share
• Opening Date: November 7, 2024
• Closing Date: November 11, 2024
• Listing Date: November 16, 2024 (on BSE and NSE)

Swiggy, one of India’s largest food delivery platforms, is gearing up for its IPO to fund its expansion and technology upgrades. The company has rapidly grown its user base and is now focusing on scaling its quick commerce services. The IPO is expected to attract significant interest from both retail and institutional investors.

With its dominant market share in food delivery, Swiggy’s IPO represents a compelling opportunity for investors looking to capitalize on India’s expanding food tech and quick commerce sectors.

3. ACME Solar Holdings IPO

• Issue Size: ₹29,000 crores
• Price Band: ₹275 to ₹289 per share
• Opening Date: November 6, 2024
• Closing Date: November 8, 2024
• Listing Date: November 13, 2024 (on BSE and NSE)

ACME Solar Holdings, one of the largest renewable energy producers in India, is offering a major IPO to raise funds for its expansion in solar energy. The company is looking to diversify and strengthen its position as a leading player in the renewable energy sector.

The IPO is fully priced, and its Green Energy focus makes it a top contender for investors interested in sustainable growth.

4. Niva Bupa Health Insurance IPO

• Issue Size: ₹2,200 crores
• Price Band: ₹70 to ₹74 per share
• Opening Date: November 7, 2024
• Closing Date: November 11, 2024
• Listing Date: November 14, 2024 (on BSE and NSE)

Niva Bupa Health Insurance is a major player in India’s health insurance market, offering a range of retail and group health insurance products. The IPO proceeds will help the company strengthen its capital base and enhance its solvency.

With increasing awareness about health insurance in India, this IPO could attract investors looking to tap into the growing insurance sector.

Conclusion

This week and the upcoming weeks present an exciting array of IPO opportunities for Indian investors. From Neelam Linens & Garments and Rosmerta Digital Services to Sagility India, Swiggy, ACME Solar Holdings, and Niva Bupa Health, the market is ripe with prospects in diverse sectors ranging from textiles to healthcare, food delivery, solar energy, and insurance. Investors should evaluate each opportunity based on their investment goals, risk tolerance, and sectoral preferences.

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.