Next week’s IPO calendar: 2 new issues, 6 listings to end strong primary market year

It has been a remarkable year for India’s IPO market and as we enter the last week of 2024, two IPOs of Indo Farm Equipment and Technichem Organics will close what has been the most dynamic year for the primary market. Apart from the two new IPOs, the Street will also see 6 listings, including 4 in the mainboard segment.

Looking ahead to 2025, the strong momentum in the IPO market will continue into next year, with some experts predicting fundraising to reach Rs. 2 lakh crore will be crossed. This year, companies have raised a total of Rs 1.3 lakh crore.

Here’s what’s on the IPO table next week

Indo Farm Equipment IPO

Indo Farm Equipment, a fully integrated manufacturer of tractors and pick and carry cranes, will open its IPO on December 31. The three-day public offer will end on January 2.

For the public offer, the company raised Rs. A price band of 204-215 has been set, where investors pick 69 shares in a lot and thereafter in multiples.

The Chandigarh-based company’s IPO includes a fresh issue of up to 86 lakh equity shares and an offer for sale of 35 lakh equity shares by promoter selling shareholder Ranbir Singh Khadwalia.

Indo Farm Equipment, incorporated in 1994, proposes to use a portion of the net proceeds of the fresh issue towards setting up a new dedicated unit for expansion of pick and carry cranes manufacturing capacity. The remaining funds will be used to pay down debt and for general corporate purposes.

Aryaman Financial Services is the Book Running Lead Manager for the issue. The equity shares are proposed to be listed on BSE and NSE.

SME segment

In the SME segment, Technichem Organics will open for subscription on December 21 and is available for bidding till January 2. The issue, which is fully Rs. 25 crore is the new equity sale, priced per share at Rs. was in the range of 52-55. .

Technichem is engaged in the business of manufacturing a wide range of organic chemicals, specialty chemicals, pigments and color intermediates and air oxidation chemistries.

The company serves a variety of industries including pharmaceuticals, agriculture, coatings, pigments, dyes and more, reflecting the versatility of its products.

(disclaimer: Recommendations, suggestions, opinions and views given by experts are their own. (These do not represent the views of The Economic Times)