India's IPO market is seeing significant growth, with a number of companies gearing up to launch their public offerings in the upcoming weeks. This article covers details on the key IPOs set to hit the market, including NTPC Green Energy, Lamosaic India, C2C Advanced Systems, Enviro Infra Engineers, and Rajesh Power Services. Investors interested in the Indian stock market should pay attention to these upcoming IPOs, as they offer attractive investment opportunities and are poised to attract significant interest.

NTPC Green Energy Limited IPO

NTPC Green Energy, a wholly-owned subsidiary of NTPC Limited, is set to launch its IPO with a fresh issue of 9,259.25 lakh shares. The IPO aims to raise significant capital to fund green energy projects. The price band for the IPO has been set at ₹102 to ₹108 per share, with a lot size of 138 shares. Retail investors are required to invest a minimum of ₹14,904, while HNI investors must invest ₹2,08,656 for 14 lots. NTPC Green Energy IPO As of 11:00 AM on 19 November 2024, the NTPC Green Energy IPO live subscription status shows that the IPO subscribed 0.12 times on its First day of subscription period.

The company is strategically investing in renewable energy initiatives and aiming to become a leader in India’s green energy sector, targeting a capacity of 60 GW by FY 2032. NTPC Green Energy will use the funds raised for the repayment of loans and to invest in its subsidiary NTPC Renewable Energy Limited (NREL) for future expansion.

Grey Market Premium (GMP) is currently ₹0, meaning there’s no significant trading activity ahead of the listing, which is set for November 26, 2024.

Lamosaic India Limited IPO

Lamosaic India, known for its decorative laminates, plywood, and furniture accessories, will be launching its Fixed Price IPO to raise ₹61.2 Crores. The IPO will consist entirely of a fresh issue of 30.6 lakh shares, priced at ₹200 per share. The lot size for retail investors is 600 shares, requiring a minimum investment of ₹1,20,000.

The funds from the IPO will be used for repaying borrowings, meeting working capital requirements, and pursuing inorganic growth opportunities. Subscription opens on November 21, 2024, and closes on November 26, 2024, with the listing date scheduled for November 29, 2024.

C2C Advanced Systems IPO

C2C Advanced Systems, a company providing engineering solutions and services, is launching its IPO with a price band of ₹214 to ₹216 per share. The IPO will raise ₹94.68 Crores through a fresh issue of 43.83 lakh shares. Retail investors will need to invest a minimum of ₹1,29,600 for 600 shares.

The proceeds from the IPO will fund the company’s expansion, including the upgradation of its Experience Centre and the establishment of a new Centre in Dubai. Subscription will be open from November 22, 2024, to November 26, 2024, with listing expected on November 29, 2024.

Enviro Infra Engineers IPO

Enviro Infra Engineers, a company specializing in infrastructure projects related to sewage treatment, is offering its IPO to raise ₹650.43 Crores. The IPO will consist of a fresh issue of 3.87 crore shares and an offer for sale of 0.53 crore shares. The price band for this issue is set at ₹140 to ₹148 per share, with a minimum lot size of 101 shares.

The funds will be used for working capital needs and the construction of a sewage treatment plant at Mathura. Subscription opens on November 22, 2024, and closes on November 26, 2024, with a tentative listing date of November 29, 2024.

Rajesh Power Services IPO

Rajesh Power Services, which deals with electrical and power equipment, is planning to raise ₹160.47 Crores through its IPO. The price band is set at ₹320 to ₹335 per share, with a lot size of 400 shares. Retail investors will need to invest a minimum of ₹1,34,000, while HNI investors must invest ₹2,68,000 for 800 shares.

The IPO proceeds will fund the company’s expansion plans, including purchasing equipment for cable identification and setting up a solar power plant. The subscription period is from November 25, 2024, to November 27, 2024, with a listing date of December 2, 2024.

Rajputana Biodiesel IPO

The Rajputana Biodiesel IPO, a promising entry into the SME segment, is set to open for subscription on November 26, 2024, and will remain open until November 28, 2024. The IPO, a book-built issue of ₹24.70 crores, will consist entirely of a fresh issue of 19 lakh equity shares.

IPO Details

• Issue Size: ₹24.70 crore
• Price Band: ₹125 to ₹130 per equity share
• Lot Size: 1,000 shares per lot
• Minimum Investment for Retail Investors: ₹130,000
• Minimum Investment for HNIs: ₹260,000 (2 lots)
• Listing Exchange: NSE SME
• Tentative Listing Date: December 3, 2024

The IPO is managed by GYR Capital Advisors Private Limited as the Book Running Lead Manager, while Maashitla Securities Private Limited serves as the registrar for the issue. Giriraj Stock Broking is the market maker for this IPO.

Objectives of the Issue

The proceeds raised from the IPO will be utilized to:

1. Provide a loan to the subsidiary, Nirvaanraj Energy Private Limited (NEPL): Funds will support capital expenditure for expanding its manufacturing facility in Meerut, Uttar Pradesh.
2. Meet working capital requirements: Enhancing operational efficiency by bolstering liquidity.
3. General corporate purposes: Strengthening financial flexibility and supporting other growth initiatives.

Subscription Timeline

• Opening Date: November 26, 2024
• Closing Date: November 28, 2024
• Allotment Date: November 29, 2024
• Listing Date: December 3, 2024

Market Opportunity

Rajputana Biodiesel operates in a sector poised for growth, driven by increasing demand for renewable energy solutions and government incentives for sustainable practices. The company’s focus on expanding its manufacturing capabilities through its subsidiary Nirvaanraj Energy Private Limited positions it well to capitalize on this opportunity.

Investment Considerations

• Strengths:

  • Focused growth strategy with a strong emphasis on biodiesel and renewable energy.
  • Expansion plans for manufacturing facilities to cater to rising demand.

• Risks:

  • SME IPOs typically carry higher risks compared to large-cap IPOs due to market volatility.
  • Dependence on a single subsidiary for expansion plans may pose concentration risks.

Conclusion

These upcoming IPOs present exciting opportunities for investors looking to diversify their portfolios in green energy, infrastructure, and electrical sectors. With varying price bands, lot sizes, and objectives, each IPO offers distinct advantages, catering to different types of investors. Keep an eye on these offerings to make informed decisions as they hit the market in the coming weeks.

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.