Exciting Upcoming IPOs: Mainboard and Four SME Public Issues Set to Launch Next Week

The primary market is gearing up for a resurgence as an exciting initial public offering (IPO) in the mainboard segment is set to open for subscriptions next week, marking its return after over a month of inactivity. Additionally, the small and medium enterprise (SME) sector will see the debut of four new issues, signaling renewed investor interest.

Key Trends in IPO Activity

According to a report by Grant Thornton Bharat, Q1 2025 experienced a notable decline in IPO activity, reflecting a lack of confidence in the public markets. The report highlights:

A 41% drop in IPO volumes
A staggering 77% decrease in value
Only 16 IPOs raising USD 2.6 billion, representing the second-lowest quarterly figures in nearly two years.

Despite this slump, the quarter did feature a standout event: Hexaware Technologies successfully raised USD 1 billion in January, showcasing that major opportunities still exist even amid challenges.

Upcoming IPOs to Watch

Next week promises to be eventful with several new IPOs opening for subscriptions:

Ather Energy IPO

Subscription Dates: Opens on April 28 and closes on April 30.
Total Size: ₹2,981.06 crore, consisting of:
- Fresh issue of 8.18 crore shares worth ₹2,626.30 crore
- Offer for sale of 1.11 crore shares valued at ₹354.76 crore.
Price Band: Set between ₹304 and ₹321 per share.
Lead Managers: Axis Capital Limited, HSBC Securities, JM Financial Limited, and Nomura Financial Advisory.
Registrar: Link Intime India Private Ltd.

Iware Supplychain Services IPO

Subscription Dates: Opens on April 28 and closes on April 30.
Total Size: ₹27.13 crore, featuring 28.56 lakh shares.
Price: Fixed at ₹95 per share.
Lead Manager: GetFive Advisors Private Limited.
Registrar: Kfin Technologies Limited.

Arunaya Organics IPO

Subscription Dates: Opens on April 29 and closes on May 2.
Total Size: ₹33.99 crore, which includes:
- Fresh issue of 52.60 lakh shares aggregating to ₹30.51 crore
- Offer for sale of 6 lakh shares worth ₹3.48 crore.
Price Band: Set between ₹55 and ₹58 per share.
Lead Manager: Unistone Capital Pvt Ltd.
Registrar: Bigshare Services Pvt Ltd.

Kenrik Industries IPO

Subscription Dates: Opens on April 29 and closes on May 6.
Total Size: ₹8.75 crore through a fresh issue of 34.98 lakh shares.
Price: Fixed at ₹25 per share.
Lead Manager: Turnaround Corporate Advisors Private Limited.
Registrar: Skyline Financial Services Private Ltd.

Wagons Learning IPO

Subscription Dates: Opens on May 2 and closes on May 6.
Total Size: ₹38.38 crore, comprising:
- Fresh issue of 30.80 lakh shares worth ₹25.26 crore
- Offer for sale of 16 lakh shares valued at ₹13.12 crore.
Price Band: Set between ₹78 and ₹82 per share.
Lead Manager: Khandwala Securities Limited.
Registrar: Cameo Corporate Services Limited.

Noteworthy Listing

Tankup Engineers Limited IPO is anticipated to finalize on April 28, with plans to list on NSE SME by April 30. This listing will add to the buzz around the upcoming IPOs and provide investors with more opportunities to engage in the market.

With an influx of new IPOs on the horizon, investors are encouraged to stay informed and consider their options carefully. The return of these offerings signifies a potential turnaround in market sentiments, making it an exciting time for both seasoned and new investors alike.