The primary market is gearing up for a packed week as multiple companies prepare to raise funds from investors. Between January 19 and January 23, IPO watchers will have plenty to track, with a mix of one mainboard IPO, three SME issues, and a long list of companies slated to make their stock market debut. The coming days promise high activity across both the mainboard and SME platforms, keeping investors busy with fresh opportunities as well as new listings.
The key highlight of the week is the Shadowfax Technologies IPO, the only mainboard issue opening during this period. The public issue is sized at Rs 1,907.27 crore and combines a fresh issue of equity shares with an offer for sale by existing shareholders.
The price band for the IPO has been fixed at Rs 118 to Rs 124 per share. The issue will open for subscription on January 20 and close on January 22. Post-bidding, the allotment is expected to be finalised on January 23, with the stock likely to list on both the BSE and NSE on January 28, subject to final approvals.
SME IPOs Opening This Week
Alongside the mainboard offering, three companies from the SME segment will enter the primary market.
Digilogic Systems IPO will open on January 20 and close on January 22. The issue size stands at Rs 81.01 crore, with a price band of Rs 98–104 per share. The company is expected to list on the BSE SME platform on January 28.
KRM Ayurveda IPO will open a day later, on January 21 and remain available for bidding until January 23. The Rs 77.49 crore issue is priced between Rs 128 and Rs 135 per share, with a tentative listing on the NSE SME platform on January 29 after allotment on January 27.
Shayona Engineering IPO, a completely fresh issue, will open on January 22 and close on January 27. Allotment is expected on January 28, followed by a listing on the BSE SME platform on January 30.
Listings To Watch During The Week
Beyond new subscriptions, the market will also see a busy listing calendar. Bharat Coking Coal, whose debut was earlier postponed, is now expected to list on January 19. On the same day, Defrail Technologies (BSE SME) and Avana Electrosystems (NSE SME) are also scheduled to debut.
The momentum continues on January 21, when GRE Renew Enertech, INDO SMC, Narmadesh Brass Industries, and Amagi Media Labs are expected to list across platforms. Armour Security is slated for listing on January 22, while Aritas Vinyl is expected to debut on January 23.
(Disclaimer: This article is meant solely for informational and educational purposes. The views and opinions expressed are those of individual analysts or brokerage firms and do not reflect the stance of Times Now. Readers are advised to consult certified financial experts before making any investment decisions.)
