IPO calendar: 4 new issues, 9 listings to watch next week as 2024 approaches

As the calendar year 2024 approaches, the primary market is sustaining the strong momentum seen throughout the year with 4 new IPOs opening for subscription next week. It includes two in the mainboard segment of Mamta Machinery and Transrail Lighting.

Apart from the launch of the new issue, there will be as many as 9 listings on the Street, of which three will be from Mobikwik, Vishal Mega Mart and Sai Life Sciences.

Here’s what to expect on the IPO front next week

IPO of Mamta Machinery

Gujarat-based Mamta Machinery has spent its Rs. 179 crore for an IPO of Rs. 230-243 price band, which will open for public subscription on December 19. The issue will be available for bidding till December 23.

The IPO is a pure offer for sale (OFS) involving up to 73.82 lakh shares by the promoters and existing shareholders and at the upper end of the price band, the total value of the IPO is Rs. 179.39 crores.

As this issue is purely an offer for sale, the company does not intend to use any of the proceeds from the IPO and the entire amount raised will go to the selling shareholders.

Mamta Machinery specializes in manufacturing and exporting state-of-the-art plastic bag and pouch making machines, packaging machinery and extrusion equipment. Focused on delivering end-to-end manufacturing solutions for the packaging industry, the company’s versatile machines cater to diverse packaging needs across sectors.

Transrail Lighting IPO

Transrail Lighting is gearing up to launch its public offering on December 19, with Rs. 400 crore new equity sale facility. Besides the fresh issue, the IPO includes an offer for sale of 1.01 crore equity shares by promoter Ajanma Holdings.

The initial share sale will open for public subscription from December 19-23. Bidding for anchor investors will open for one day on December 18.

The proceeds from the fresh issue will be used to fund additional working capital requirements, support capital expenditure and for general corporate purposes.

Transrail Lighting is one of the leading Indian Engineering, Procurement and Construction (EPC) companies with primary focus on power transmission and distribution business and integrated manufacturing facilities for lattice structures, conductors and monopoles. It has a footprint in more than 58 countries.

SME segment

In the SME segment, two IPOs of NACDAC Infrastructure and Identical Brains Studio will open for subscription on December 17 and December 18 respectively.

NACDAC priced its IPO at Rs. 33-35 range, where investors can bid for 4,000 shares in one lot. Meanwhile, Identical Brains has set a price band of Rs 51-54.