The current state of the stock market is reflecting some unease, particularly influenced by the ongoing tensions between India and Pakistan. As geopolitical uncertainties rise and market fluctuations keep major companies on edge, the mainboard Initial Public Offering (IPO) landscape has seen a notable slowdown. This week, there are no new mainboard IPOs opening for subscription, but the SME market is still active, with two fresh IPOs set to launch and two new listings on the horizon.

Upcoming IPOs to Keep an Eye On

Integrity Infrabuild Developers IPO

Starting on May 13, the Integrity Infrabuild Developers IPO is set to make waves as it seeks to secure ₹12 crore through this fixed-price offering. The Mumbai-based firm is putting 12 lakh equity shares on the market at ₹100 each. This fresh issue will conclude on May 15, with share allotment anticipated by May 16. Investors can expect shares to officially list on the NSE SME by May 20. The issue is being managed by Aryaman Financial Services, with Aryaman Capital Markets serving as the market maker.

Accretion Pharmaceuticals IPO

Another noteworthy IPO making its debut this week is from Accretion Pharmaceuticals. This book-built issue, which opens on May 14, aims to raise ₹29.75 crore by offering 29.46 lakh shares within a price range of ₹96 to ₹101 per share. The subscription period will close on May 16, with allotments expected by May 19 and a provisional listing set for May 21. Jawa Capital Services is overseeing this offering, while Gretex Share Broking will act as the market maker.

Ongoing IPOs

Virtual Galaxy Infotech IPO

Amidst the buzz surrounding new IPOs, investors can also consider the ongoing offering from Virtual Galaxy Infotech. Launched on May 9, this tech-centric company is looking to raise ₹93.29 crore through its book-built issue, which features a price band ranging from ₹135 to ₹142 per share. This IPO is set to close on May 14, with a listing anticipated on May 19 via the NSE SME. The lead management for this IPO is handled by Smart Horizon Capital, with Alacrity Securities serving as the market maker.

Noteworthy IPO Listings This Week

In addition to the upcoming IPOs, this week will witness the debut of two SME firms—Manoj Jewellers and Srigee DLM—on the BSE SME platform. Both companies are set to make their stock market entrance on May 12, adding more excitement to the IPO scene.

As the market navigates through the current geopolitical landscape, potential investors should keep a close eye on these developments in the SME IPO sector. With opportunities to engage in fresh offerings and ongoing subscriptions, the coming days promise to be eventful for those looking to dive into the stock market.