Upcoming IPOs: Hyundai Motor India IPO & others—3 new public issues, 3 listings for primary market this week

  • Upcoming IPOs: Some companies are opening for subscription including Hyundai Motor India IPO, while few others are getting listed on the stock exchanges in the coming week.

Nikita Prasad
Published13 Oct 2024, 03:56 PM IST
Upcoming IPOs: Some companies are opening for subscription including Hyundai Motor India IPO, while several others are getting listed on the stock exchanges in the coming week.
Upcoming IPOs: Some companies are opening for subscription including Hyundai Motor India IPO, while several others are getting listed on the stock exchanges in the coming week.(https://www.paramatrix.com/)

Upcoming IPOs: The primary market witnessed some major listings in both main board and small- and medium-sized enterprise (SME) segments last month which kept investors engaged with subscriptions and listings. Moving on, the third week of October sees strong market buzz - similarly packed with new listings and initial public offering (IPO) issues that are available for subscription.

Among the ongoing issues, Pranik Logistics IPO will close for subscription on October 14, 2024. Let's look at some of the companies opening for subscription this week and the ones that are getting listed on the bourses. The Hyundai Motor India IPO will open for bidding this week in the mainboard segment. Afcons Infrastructure IPO will also open for bidding soon; however, the IPO dates were not announced when this story is filed. 
 

Also Read: Hyundai Motor India IPO: GMP, price, review, other details. Apply or not as upcoming IPO opens next week?


Here are the new SME IPOs opening for subscription this week:

 

1.Hyundai Motor India IPO

Hyundai Motor IPO is a book-built issue of 27,870.16 crore. The issue is entirely an offer for sale of 14.22 crore shares. The mainbaird issue opens for subscription on October 15, 2024 and closes on October 17, 2024.

The IPO of the Indian subsidiary of South Korea's Hyundai Motor Company is set to become the largest public issue in India, surpassing Life Insurance Corporation's (LIC) IPO worth 21,000 crore. It would also be one of Asia’s biggest IPOs in recent years. Hyundai Motor IPO price band is set at 1,865 to 1,960 per share at the face value of 10 each.

The upcoming IPO will be Hyundai's first stock market listing outside South Korea. It will also mark India's first carmaker to go public in over two decades since Maruti Suzuki India's public issue in 2003. Hyundai Motor India is also the second largest carmaker by sales in India after Maruti Suzuki India.
 

2.Lakshya Powertech IPO

Lakshya Powertech IPO is a book-built issue of 49.91 crore, entirely a fresh issue of 27.73 lakh shares. The SME IPO opens for subscription on October 16, 2024, and closes on October 18, 2024. The allotment for the Lakshya Powertech IPO is expected to be finalized on Monday, October 21, 2024.

Also Read: IPO-bound Hyundai Motor India to invest 32,000 crore over next 10 years; develop manufacturing hub for EMs
 

3.Freshara Agro Exports IPO

Freshara Agro Exports IPO is a book-built issue of 75.39 crore. The issue is entirely a fresh issue of 64.99 lakh shares. The SME IPO opens for subscription on October 17, 2024 and closes on October 21, 2024. The allotment for the Freshara Agro Exports IPO is expected to be finalized on Tuesday, October 22, 2024.

 

New Listings:
 

1.Garuda Construction and Engineering Limited 

Shares of the mainboard IPO will debut on stock exchanges BSE, NSE with a tentative listing date fixed as Tuesday, October 15, 2024.

2.Shiv Texchem Limited

Shares of the SME IPO will list on BSE SME with tentative listing date fixed as Tuesday, October 15, 2024.

3.Pranik Logistics Limited

The SME IPO will close for subscription on October 14, 2024. The allotment for the Pranik Logistics IPO is expected to be finalized on Tuesday, October 15, 2024. Shares of Pranik Logistics will list on NSE SME with tentative listing date fixed as Thursday, October 17, 2024.

Also Read: Hyundai Motor India IPO: India’s biggest public issue set to open on October 15; Here are 10 things to know from RHP

 

Catch all the Business News , Market News , Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.

MoreLess
First Published:13 Oct 2024, 03:56 PM IST
Business NewsMarketsIPOUpcoming IPOs: Hyundai Motor India IPO & others—3 new public issues, 3 listings for primary market this week

Most Active Stocks

Tata Steel share price

149.70
07:18 PM | 1 NOV 2024
1.05 (0.71%)

Indian Oil Corporation share price

145.00
07:19 PM | 1 NOV 2024
2.3 (1.61%)

Tata Power share price

445.20
07:19 PM | 1 NOV 2024
5.15 (1.17%)

Bandhan Bank share price

183.65
07:10 PM | 1 NOV 2024
1.4 (0.77%)
More Active Stocks

Market Snapshot

  • Top Gainers
  • Top Losers
  • 52 Week High

Rainbow Childrens Medicare share price

1,545.00
06:59 PM | 1 NOV 2024
-67.25 (-4.17%)

ICICI Securities share price

833.45
06:59 PM | 1 NOV 2024
-32.85 (-3.79%)

Vijaya Diagnostic Centre share price

966.70
06:59 PM | 1 NOV 2024
-30.35 (-3.04%)

Narayana Hrudayalaya share price

1,235.60
06:59 PM | 1 NOV 2024
-36.75 (-2.89%)
More from Top Losers

Brigade Enterprises share price

1,244.80
07:19 PM | 1 NOV 2024
71.75 (6.12%)

PCBL share price

432.15
07:17 PM | 1 NOV 2024
21.35 (5.2%)

Piramal Pharma share price

281.85
07:17 PM | 1 NOV 2024
13.45 (5.01%)

Jubilant Pharmova share price

1,273.00
06:59 PM | 1 NOV 2024
60.65 (5%)
More from Top Gainers

Recommended For You

    More Recommendations

    Gold Prices

    • 24K
    • 22K
    Bangalore
    81,355.000.00
    Chennai
    81,361.000.00
    Delhi
    81,513.000.00
    Kolkata
    81,365.000.00

    Fuel Price

    • Petrol
    • Diesel
    Bangalore
    102.98/L0.00
    Chennai
    100.80/L0.00
    Kolkata
    104.95/L0.00
    New Delhi
    94.77/L0.00

    Popular in Markets

      HomeMarketsPremiumInstant LoanMint Shorts