IPO Alert! Next week’s IPO lineup crucial as market buzz builds up

The primary market is gearing up for a major week starting November 18, with several significant IPOs scheduled to open for subscription. Investors are eyeing these offerings as they are expected to set the tone for the remaining year in terms of market appetite and performance. Here’s a look at the key IPOs hitting the market next week:

NTPC Green Energy

The highly anticipated Rs 10,000-crore IPO of NTPC Green Energy Limited is set to open for bidding on November 19 and will close on November 22. This IPO is entirely a fresh issue, comprising 92.59 crore shares. With a price band set at Rs 102 to Rs 108 per share, retail investors can apply with a minimum bid of 138 shares, translating to an entry investment of Rs 14,904.

Notably, NTPC Green Energy has allocated shares worth Rs 1,000 crore specifically for NTPC shareholders. The share allotment is likely to be finalised by November 25, and the stock is expected to be listed on the BSE and NSE on November 27. This offering is seen as a barometer for the green energy sector’s prospects amid rising investor interest in sustainable ventures.

Lamosaic India

Lamosaic India Limited will launch its Rs 61.2-crore IPO on November 21. The issue includes a fresh issuance of 30.6 lakh shares at Rs 200 per share. The SME player, focusing on ceramic solutions, will offer a minimum bid lot of 600 shares, requiring an investment of Rs 1,20,000 from retail investors. The tentative listing date on the NSE SME platform is November 29.

C2C Advanced Systems 

C2C Advanced Systems, a company specializing in defence electronics, will open its IPO on November 22, aiming to raise Rs 99.07 crore. The issue comprises 43.84 lakh fresh shares with a price band of Rs 214 to Rs 226 per share. Investors can place bids starting from a minimum lot size of 600 shares, translating to an investment of Rs 1,35,600. The stock is expected to list on November 29.

With the strong momentum in primary markets so far, the upcoming IPOs are seen as critical in assessing the continued investor interest, particularly as economic conditions remain uncertain. The success of these offerings could influence the outlook for other anticipated IPOs, such as Avanse Financial Services and Mobikwik Systems, set to launch later this month.