IPO Calendar: 1 IPO, 5 listings investors need to watch out for next week

After relentless IPO activity post the general election in June, the primary market will take a breather next week with no new issues in the mainboard segment. However, there is an SME IPO of Sahaj Solar, the only one, set to open on July 11.

Despite a brief pause, analysts said India's robust economic foundation and bright growth prospects made it an excellent time for the country's thriving IPO market.

They anticipate substantial investment in public markets and also high demand for both new-age and conventional businesses in the near future.

During the first half, around 35 companies from diverse sectors such as co-working space, furniture retailing, and online ticket booking have been able to tap the market raising almost Rs 32,000 crore.

“A stronger H2 CY25 for the IPO market is anticipated, with increased activity, potentially larger deals, and new listings across diverse sectors. As always, thorough analysis of individual company fundamentals and future prospects remains crucial before making any investment decisions,” said Mahavir Lunawat, Managing Director, Pantomath Capital Advisors.

Despite no new mainboard public offers, the Street will see listings of Emcure Pharmaceuticals and Bansal Wire, both of which have generated healthy traction among investors.

While the IPO of Emcure received a subscription of nearly 68 times, driven by strong interest from institutional investors, the public offer of Bansal Wire saw a subscription of 59 times at close.

Apart from the above, three SME companies are also gearing up to list their shares on the exchanges.

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

Sahaj Solar IPO

The initial public offering (IPO) of Sahaj Solar will open for subscription on July 11 and close on July 15. The company plans to raise around Rs 52.56 crore through the SME offer and list the shares on NSE SME platform.

The IPO, which is completely a fresh equity sale pf 29.2 lakh shares, is priced in the range of Rs 171-180 apiece.

The company is a solar solutions provider having experience of over one decade in the majority of verticals of renewable power generation. Sahaj Solar is engaged in three businesses of PV module manufacturing, solar pumping systems and EPC services.

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