This week promises to be an exciting time for investors with as many as four companies going public with initial public offerings (IPOs). Let’s dive into the details of upcoming IPOs this week that are poised to capture investor attention.
IPOs Next Week
NTPC Green Energy – Mainboard Entry in IPOs This Week
The NTPC Green Energy IPO is scheduled to launch on November 19, 2024, with a target to raise INR 10,000 crore through a fresh issue of shares priced between INR 102 and INR 108 each. The offering will close on November 22, while the anchor book for institutional investors will open on November 18. The company has earmarked INR 200 crore worth of shares for its employees, who will receive a discount of INR 5 per share on the final issue price. In addition, there is a reservation for shareholders of NTPC Ltd.
NTPC Green Energy is a pivotal player in India’s renewable energy landscape. With an operational capacity of 3.34 GW from solar and 0.21 GW from wind—NGEL is on a robust growth trajectory. The company has a significant pipeline of 10.57 GW of renewable projects, with 8.13 GW under construction as of 30 September 2024. The company aims to expand its total renewable energy capacity to 60 GW by FY 2032.
NTPC Green Energy has demonstrated remarkable financial performance, with revenues soaring from INR 169.69 crores in FY 2023 to an impressive INR 1,962.60 crores in FY 2024, reflecting a significant growth trajectory. The company reported a net income of INR 344.72 crores for FY 2024, showcasing its potential for profitability despite a lower EPS of INR 0.73 compared to INR 4.66 in FY 2023. The return on net worth (RONW) improved to 5.53% in FY 2024, indicating enhanced efficiency in utilizing shareholder equity.
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Enviro Infra – Latest Among Mainboard IPOs This Week
Another offer announced recently for this week is Enviro Infra. The Enviro Infra IPO is set to open for subscription from November 22 to November 26, 2024, with a price band ranging from INR 140 to 148 per share. The company aims to raise approximately INR 693 – 732.60 crore through this offering. Additionally, there is an employee discount of INR 13 per share. Investors are required to apply for a minimum of 101 shares, amounting to an investment of around INR 14,948 at the upper price band. The allotment of shares is expected to be finalized by November 27, 2024, with the shares likely to be listed on the stock exchanges on November 29, 2024.
Enviro Infra specializes in providing comprehensive environmental solutions, focusing on waste management, water treatment, and renewable energy projects. The company aims to tackle pressing environmental challenges through innovative technologies and sustainable practices, catering to both governmental and private sectors.
As of 30 June 2024, the company has successfully developed 28 WWTPs and WSSPs across India over the past seven years, including 22 projects with a capacity of 10 MLD or more. As of the same date, the company’s order book comprises 21 WWTPs and WSSPs with a total value of INR 1,906.28 crore.
Lamosaic India – SME IPOs This Week
The upcoming IPO of Lamosaic India is scheduled to open from November 21 to November 26, 2024. The IPO aims to raise INR 61.20 crores, with shares priced at INR 200 per share. Investors can bid for a minimum lot of 600 shares, which requires a minimum investment of INR 1,20,000. The allotment of shares is expected on November 27, 2024, with trading set to commence on November 29, 2024, on the NSE EMERGE.
Lamosaic India operates in the plywood and laminates industry, specializing in the trading and manufacturing of decorative laminates, acrylic sheets, base printing paper, plywood, flush doors, and other customized products. The company’s business activities are primarily based in Maharashtra, serving the real estate and infrastructure sectors, along with smaller distributors and dealers.
The company manufacturing unit has a capacity of 3,500 pieces, with 750 flush doors produced, generating sales of INR 43.12 lakhs. Lamosaic India currently employs nine full-time staff.
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C2C Advanced Systems: INR 99.07 crore
The IPO for C2C Advanced Systems is anticipated to open on November 22, 2024, with a price range set between INR 214 to INR 226 per share. The company aims to raise approximately INR 99.07 crore through this offering, which will close on November 26, 2024. Allotment of shares is expected to be finalized by November 27, 2024, with the shares likely to be listed on stock exchanges by November 29, 2024.
C2C Advanced Systems specializes in providing custom software, hardware, and firmware solutions driven by its intellectual property and partnerships with third-party companies. The company has a technology-focused approach to designing and developing advanced systems and components. Its expertise lies in delivering tailored software and software-enabled systems for controlling critical defense applications for military and security purposes in India and worldwide.
4 New Listings Awaited to this week
This week, the market anticipates the launch of four new IPOs, comprising one mainboard listing and three SME listings. Here are the details:
- Neelam Linen IPO: Listed on NSE SME on November 18, 2024.
- Mangal Compusolution IPO: Listed on BSE SME on November 20, 2024.
- Onyx Biotech IPO: Listed on NSE SME on November 21, 2024.
- Zinka Logistics IPO: Listed on BSE and NSE on November 21, 2024.
Upcoming IPOs This Week – Conclusion
Although there are fewer numbers to talk about, there is certainly big money involved in IPOs this week. With a Mainboard NTPC Green IPO aiming for INR 10,000 crore, things will be surely interesting. In addition, the chances of successful allotment are also somewhat better. Because there is a reservation for shareholders of NTPC Ltd.
In addition to the upcoming IPOs, investors can also anticipate updates on several SEBI approvals, listings, and allotment statuses for recently concluded offerings. Those interested in these IPOs should remain vigilant about the latest developments, including live subscription data, by regularly visiting IPO Central and subscribing to our notifications.
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