The Indian IPO market is witnessing a flurry of activity this month, and next week promises even more excitement. Investors can look forward to two mainboard IPOs — Manba Finance and KRN Heat Exchanger — along with several SME IPOs. These companies are expected to raise a total of ₹850 crores. Here’s a look at the key IPOs coming up and what they bring to the table for investors.
Manba Finance IPO: A New Opportunity After Bajaj Housing Finance’s Success
Manba Finance is set to launch its much-anticipated IPO next week. Following the success of Bajaj Housing Finance’s blockbuster listing, investors are keen to see how Manba Finance performs. The company plans to raise ₹150.84 crores, offering 1.26 crore fresh shares through a book-built issue.
- Price Band: ₹114 to ₹120 per share
- IPO Subscription Dates: September 23 to September 25
- Lot Size: 125 shares
- Minimum Investment: ₹15,000 for retail investors
- Listing Date: Expected on September 30
- Stock Exchanges: BSE and NSE
This IPO has garnered attention due to its pricing and the potential for growth in the financial services sector. The book-built nature of the issue means the price will be decided based on investor demand, adding an interesting dynamic to the listing.
KRN Heat Exchanger IPO: Another Big Launch in the Industrial Space
KRN Heat Exchanger and Refrigeration Company will be the second major IPO to open next week. The company aims to raise ₹341.95 crores with its book-built issue. Given the company’s niche in the industrial sector, investors are watching this IPO closely for potential long-term gains.
- Price Band: ₹209 to ₹220 per share
- IPO Subscription Dates: September 25 to September 27
- Lot Size: 65 shares
- Minimum Investment: ₹14,300 for retail investors
- Listing Date: Expected on September 30
- Stock Exchanges: BSE and NSE
With KRN Heat Exchanger being a significant player in the industrial cooling and refrigeration market, this IPO could attract both retail and institutional investors looking for exposure in this growing sector.
7 SME IPOs Set to Launch: A Variety of Sectors Covered
Alongside the two mainboard IPOs, approximately 7 SME IPOs are also expected to launch next week, offering investors a range of options across different industries. Some of the prominent SME IPOs include:
- WOL 3D India
- Rappid Valves India
- TechEra Engg
- Unilex Colours and Chemicals
- Thinking Hats Entertainment Solutions
- Divyadhan Recycling Industries
- Sahasra Electronics Solutions
These SME IPOs will raise funds to fuel their business growth and expansion, providing smaller companies an opportunity to tap into the public market. While these IPOs typically have smaller sizes, they often offer higher growth potential, making them attractive to risk-tolerant investors.
How Investors Can Benefit from These IPOs
With a wide variety of IPOs launching next week, there’s plenty for investors to choose from. Both the mainboard and SME IPOs offer entry points into sectors like finance, industrial equipment, technology, and more. Retail investors, in particular, may find the pricing of these IPOs appealing, with minimum investments as low as ₹14,300 to ₹15,000.
