As the IPO market remains relatively calm, next week will see a significant event with Hyundai Motor India’s highly anticipated IPO, alongside two SME companies, Lakshya Powertech and Freshara Agro Exports, opening their public offers. Investors are gearing up for these opportunities, with Hyundai’s IPO set to be the biggest ever on the Indian stock exchange. Let’s dive into the details of these IPOs and what they have to offer.
Hyundai Motor India IPO: Biggest IPO in Indian History
One of the most awaited IPOs, Hyundai Motor India, is all set to hit the market on October 15, 2024. This will be the largest IPO in the history of Indian stock markets, with an issue size of Rs. 27,870.16 crores. The entire issue will be offered through an Offer for Sale (OFS) mechanism, where 14.22 crore shares will be up for sale.
Hyundai Motor India has set the price band between Rs. 1865 and Rs. 1960 per share. Retail investors can bid in lots of 7 shares, making the minimum investment amount Rs. 13,720. Moreover, Hyundai has reserved 778,400 shares for its employees, offering them a discount of Rs. 186 per share from the issue price. This employee discount gives a unique opportunity for Hyundai’s employees to buy the company’s shares at a lower price than the general public.
Key Dates for Hyundai Motor India IPO:
- Opening Date: 15th October 2024
- Closing Date: 17th October 2024
- Allotment Date: 18th October 2024
- Listing Date: 22nd October 2024 on BSE and NSE
Lakshya Powertech IPO: Engineering Consultancy Firm’s SME Listing
Lakshya Powertech, an engineering consultancy firm specializing in mechanical and electrical services, is launching its SME IPO on October 16, 2024. The company plans to raise Rs. 50 crore through this offering, which includes 27.72 lakh fresh issue shares.
The price band for Lakshya Powertech’s IPO has been set between Rs. 171 and Rs. 180 per equity share. Additionally, the company has reserved 72,000 shares for employees, offering them at a discount of Rs. 15 per share. The company’s strong presence in engineering services could attract investors looking to diversify their portfolios.
Key Dates for Lakshya Powertech IPO:
- Opening Date: 16th October 2024
- Closing Date: 18th October 2024
- Allotment Date: 21st October 2024
Freshara Agro Exports IPO: Expanding Agro Exports Business
Freshara Agro Exports, known for exporting pickled gherkins and other agricultural products, is launching its IPO on October 17, 2024. The company aims to raise Rs. 75.39 crore by issuing 6.5 million fresh shares.
The price band for this IPO is between Rs. 110 and Rs. 116 per equity share. The funds raised will help Freshara Agro Exports expand its business in procuring, processing, and exporting pickled products to various international markets. Investors who are interested in the agricultural export sector may find this IPO appealing.
Key Dates for Freshara Agro Exports IPO:
- Opening Date: 17th October 2024
- Closing Date: 21st October 2024
- Allotment Date: 22nd October 2024
More IPOs on the Horizon: NTPC Green Energy
Apart from these three IPOs, the market is buzzing with the upcoming IPO of NTPC Green Energy, a subsidiary of NTPC. This IPO is expected to hit the market in November 2024, to raise Rs. 10,000 crores. Though the exact dates are yet to be announced, this IPO is expected to garner significant attention from investors focused on renewable energy and green initiatives.
Next week offers a range of IPOs, from Hyundai’s record-breaking mainboard listing to smaller SME companies like Lakshya Powertech and Freshara Agro Exports. Investors can look forward to opportunities in both the automotive and SME sectors, with each offering a different set of investment potentials.
