Upcoming IPOs: Apex Ecotech, Abha Power, Agarwal Toughened, Ganesh Infra, Suraksha Diagnostic, etc
Sandip Raj Gupta
26/Nov/2024

What's Covered:
- Apex Ecotech IPO opens on November 27 with a price band of ₹71-₹73 per share.
- Abha Power and Steel IPO to raise ₹38.54 crores with a fixed price of ₹75 per share.
- Suraksha Diagnostic IPO: A ₹846.25 crore offer for sale opens November 29 at ₹420-₹441 per share.
- Ganesh Infraworld, Suraksha Diagnostic, Property Share REIT and More
The stock market is witnessing a wave of IPOs this week and the coming weeks. A number of companies are set to launch their initial public offerings (IPOs), offering investors a variety of opportunities to participate in the equity markets. Here’s an overview of the upcoming IPOs, their subscription dates, and other key details:
1. Apex Ecotech IPO
- Issue Type: Book Built Issue
- Issue Size: ₹25.54 crores (Fresh Issue)
- Shares Offered: 34.99 lakh shares
- Price Band: ₹71 to ₹73 per share
- Subscription Dates: November 27, 2024 – November 29, 2024
- Allotment Date: December 2, 2024
- Listing Date: December 4, 2024 (NSE SME)
- Minimum Investment: ₹116,800 (1,600 shares for retail investors)
- HNI Investment: ₹233,600 (3,200 shares)
Apex Ecotech is launching an IPO with a price band of ₹71 to ₹73 per share. The company plans to raise funds to support its growth and expansion plans. The issue opens for subscription on November 27 and closes on November 29. The allotment is expected to be finalized by December 2, and the listing is set for December 4 on NSE SME.
Lead Manager: Share India Capital Services
Registrar: Kfin Technologies Limited
Market Maker: Share India Securities
2. Abha Power and Steel IPO
- Issue Type: Fixed Price Issue
- Issue Size: ₹38.54 crores
- Shares Offered: 41.39 lakh shares (Fresh Issue) and 10 lakh shares (Offer for Sale)
- Price: ₹75 per share
- Subscription Dates: November 27, 2024 – November 29, 2024
- Allotment Date: December 2, 2024
- Listing Date: December 4, 2024 (NSE SME)
- Minimum Investment: ₹120,000 (1,600 shares for retail investors)
- HNI Investment: ₹240,000 (3,200 shares)
Abha Power and Steel's IPO aims to raise ₹38.54 crores through a combination of a fresh issue and an offer for sale. The price is fixed at ₹75 per share, and the issue is open for subscription from November 27 to November 29. The allotment will be finalized by December 2, with listing expected on December 4 on NSE SME.
Lead Manager: Horizon Management Private Limited
Registrar: Skyline Financial Services Pvt Ltd
Market Maker: Giriraj Stock Broking
3. Agarwal Toughened Glass India IPO
- Issue Type: Book Built Issue
- Issue Size: ₹62.64 crores (Fresh Issue)
- Shares Offered: 58 lakh shares
- Price Band: ₹105 to ₹108 per share
- Subscription Dates: November 28, 2024 – December 2, 2024
- Allotment Date: December 3, 2024
- Listing Date: December 5, 2024 (NSE SME)
- Minimum Investment: ₹129,600 (1,200 shares for retail investors)
- HNI Investment: ₹259,200 (2,400 shares)
Agarwal Toughened Glass India is set to raise ₹62.64 crores through the sale of 58 lakh shares. The price band is set between ₹105 and ₹108 per share, with the subscription opening on November 28 and closing on December 2. The listing is expected to occur on December 5.
Lead Manager: Cumulative Capital Private Limited
Registrar: Kfin Technologies Limited
Market Maker: Nikunj Stock Brokers
4. Ganesh Infraworld IPO
- Issue Type: Book Built Issue
- Issue Size: ₹98.58 crores (Fresh Issue)
- Shares Offered: 118.77 lakh shares
- Price Band: ₹78 to ₹83 per share
- Subscription Dates: November 29, 2024 – December 3, 2024
- Allotment Date: December 4, 2024
- Listing Date: December 6, 2024 (NSE SME)
- Minimum Investment: ₹132,800 (1,600 shares for retail investors)
- HNI Investment: ₹265,600 (3,200 shares)
Ganesh Infraworld's IPO will raise ₹98.58 crores, with 118.77 lakh shares being offered. The price band is between ₹78 and ₹83 per share. This IPO opens on November 29 and closes on December 3, with listing scheduled for December 6.
Lead Manager: Vivro Financial Services Pvt Ltd
Registrar: Link Intime India Pvt Ltd
Market Maker: Rikhav Securities
5. Suraksha Diagnostic IPO
- Issue Type: Book Built Issue
- Issue Size: ₹846.25 crores (Offer for Sale)
- Shares Offered: 1.92 crore shares
- Price Band: ₹420 to ₹441 per share
- Subscription Dates: November 29, 2024 – December 3, 2024
- Allotment Date: December 4, 2024
- Listing Date: December 6, 2024 (BSE, NSE)
- Minimum Investment: ₹14,994 (34 shares for retail investors)
- HNI Investment: ₹1,004,598 (2,278 shares for bNII)
Suraksha Diagnostic IPO, a ₹846.25 crore offer for sale, will price its shares between ₹420 and ₹441. The subscription opens on November 29 and closes on December 3, with listing on BSE and NSE scheduled for December 6.
Lead Managers: ICICI Securities Ltd, Nuvama Wealth Management Ltd, SBI Capital Markets Ltd
Registrar: Kfin Technologies Limited
6. Property Share REIT IPO
- Issue Type: Book Built Issue
- Issue Size: ₹352.91 crores
- Shares Offered: Fresh Issue
- Price Band: Yet to be announced
- Subscription Dates: December 2, 2024 – December 4, 2024
- Allotment Date: December 5, 2024
- Listing Date: December 9, 2024 (BSE, NSE)
Property Share REIT will raise ₹352.91 crores through its book-built IPO, with the price band yet to be announced. The IPO opens for subscription on December 2, with listing expected on December 9.
Lead Manager: ICICI Securities Limited
Registrar: Kfin Technologies Limited
Conclusion
Investors looking to participate in the upcoming IPOs should keep an eye on the subscription dates, price bands, and minimum investment amounts for each issue. With a variety of companies from different sectors like steel, glass manufacturing, diagnostic services, and real estate, the coming weeks offer several opportunities for investors to explore and invest in the Indian stock market.
The Upcoming IPOs in this week and coming weeks are Apex Ecotech, Abha Power and Steel, Agarwal Toughened, Ganesh Infraworld, Suraksha Diagnostic, Property Share REIT, Rosmerta Digital, Avanse Financial and Nisus Finance.
The Current active IPO is Rajputana Biodiesel, Rajesh Power Services, C2C Advanced System, Enviro Infra Engineers and Lomosaic India.
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.
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