The primary market continues to buzz, albeit at a slower pace, with three new initial public offerings (IPOs) and six listings lined up for the coming week. Investors will see activity in sectors ranging from agricultural equipment to specialty chemicals.
Indo Farm Equipment IPO
Indo Farm Equipment Ltd., an agricultural equipment manufacturer, is set to launch its maiden IPO on Tuesday, Dec. 26. The company has revised the size of its fresh issue, reducing it from 1.05 crore shares to 86 lakh shares.
- Offer-for-Sale (OFS): The IPO includes an OFS of 35 lakh shares, which will be sold by promoter Ranbir Khadwalia.
- Subscription Window: The three-day IPO will close on Jan. 2, 2025.
- Purpose: Funds raised from the fresh issue are likely to support business expansion and debt repayment.
Technichem Organics IPO
On the same day, Technichem Organics Ltd., a company focused on the SME segment, will open its IPO for subscription.
- Size and Pricing: The company aims to raise ₹25.2 crore by offering shares in a price band of ₹52-₹55 per share.
- Business Focus: Technichem Organics specializes in chemicals, catering primarily to niche industrial applications.
Other Market Activities
The week will also witness the listing of Unimech Aerospace and other recently closed IPOs. These companies represent diverse sectors, reflecting the market’s appetite for varied investment opportunities.
Investors and analysts are closely watching the performance of these IPOs, which could set the tone for the final days of 2024 and early 2025.
