This week’s Indian stock market is set to feature four mainboard IPOs and two SME IPOs that are generating strong interest among investors. With companies ranging from healthcare services and food delivery platforms to renewable energy providers, these IPOs offer diverse investment opportunities for both retail and high-net-worth individuals (HNIs). Here’s a detailed look into each of these IPOs, including their subscription dates, investment requirements, objectives, and important details on allotment status checks.

Mainboard IPOs

1. Sagility India Limited IPO

Sagility India Limited is a technology-enabled healthcare service provider for the U.S. market. It delivers specialized services for health insurance payers and healthcare providers, making it a unique investment opportunity for those interested in the global healthcare sector.

• Issue Size: The IPO is valued at ₹2,106.60 crore, entirely an Offer for Sale of 7,021.99 lakh shares.
• Price Band: ₹28 to ₹30 per share.
• Lot Size: 500 shares per lot.
  • Retail Investment: Minimum investment is set at ₹15,000.
  • HNIs Investment: Minimum of 14 lots (7,000 shares), requiring ₹2,10,000.
• Subscription Period: Opens on November 5, 2024, and closes on November 7, 2024.
• Listing Date: Expected on November 12, 2024, on BSE and NSE.

Grey Market Premium (GMP)
The GMP for Sagility India IPO is reportedly at ₹0, indicating low pre-listing trading interest. However, this is only an informal indicator and not necessarily reflective of listing performance.

Allotment and Listing Process
The allotment date for Sagility India IPO is November 8, 2024. Investors can check their allotment status on the Link Intime India Private Limited website, the official registrar for the issue.

Objectives of the IPO
Sagility India aims to achieve listing benefits, primarily for shareholder liquidity as the entire issue is an Offer for Sale (OFS).

2. Swiggy Limited IPO

Swiggy, a popular food and grocery delivery platform, is a household name in India, known for its robust logistics and quick commerce services. This IPO offers investors a chance to be part of a high-growth digital business.

• Issue Size: The total IPO size is ₹11,327.42 crore, with a Fresh Issue of 1,153.58 lakh shares worth ₹4,499 crore and an OFS of 1,750.87 lakh shares.
• Price Band: Set between ₹371 to ₹390 per share.
• Lot Size: 38 shares per lot.
  • Retail Investment: Minimum investment of ₹14,820.
  • HNIs Investment: Minimum 14 lots (532 shares), amounting to ₹2,07,480.
• Subscription Period: Open from November 6, 2024, to November 8, 2024.
• Listing Date: Expected listing on November 13, 2024, on BSE and NSE.

Objectives of the IPO
Swiggy will allocate funds to various objectives:

• Expansion of Dark Stores for its Quick Commerce segment.
• Investment in technology and cloud infrastructure.
• Marketing and brand promotion to enhance platform visibility.
• Inorganic growth via strategic acquisitions.

Allotment Status Check
The allotment date is November 11, 2024. Allotment status can be checked via the Link Intime India Private Limited website.

3. ACME Solar Holdings Limited IPO

ACME Solar Holdings is a major player in India’s renewable energy sector, primarily focused on solar power projects but expanding into broader renewable sources.

• Issue Size: The IPO size is ₹29,000 crore, with a Fresh Issue worth ₹2,395 crore and an OFS of 174.74 lakh shares.
• Price Band: ₹275 to ₹289 per share.
• Lot Size: 51 shares.
  • Retail Investment: ₹14,739 minimum.
  • HNIs Investment: Minimum 14 lots (714 shares), amounting to ₹2,06,346.
• Subscription Period: From November 6, 2024, to November 8, 2024.
• Listing Date: Expected on November 13, 2024.

Allotment and Listing Process
The allotment date for this IPO is November 11, 2024. Investors can access allotment status on the KFin Technologies Limited website.

Objectives of the IPO
ACME plans to use the proceeds to reduce outstanding borrowings across subsidiaries, and support general corporate purposes.

4. Niva Bupa Health Insurance IPO

Niva Bupa Health Insurance is an Indian health insurance company, jointly owned by the Bupa Group and Fettle Tone LLP.

• Issue Size: ₹2,200 crore, with a Fresh Issue of 10.81 crore shares and an OFS of 18.92 crore shares.
• Price Band: ₹70 to ₹74 per share.
• Lot Size: 200 shares per lot.
  • Retail Investment: ₹14,800 minimum.
• Subscription Period: Opens on November 7, 2024, and closes on November 11, 2024.
• Listing Date: Expected on November 14, 2024.

Objectives of the IPO
The funds will support digital service enhancements and expansion into new markets.

SME IPOs

1. Neelam Linens and Garments IPO

Neelam Linens and Garments is a textile SME IPO offering ₹13 crore entirely through a fresh issue.

• Price Band: ₹20 - ₹24 per share.
• Lot Size: 6,000 shares.
  • Retail Investment: ₹1,44,000.
• Subscription Dates: From November 8, 2024, to November 12, 2024.

2. Rosmerta Digital Services IPO