IPO calendar next week: 4 new issues, ICICI Prudential AMC among 15 listings on investor radar

India’s primary market pipeline remains active in the third week of December, with four public issues with a combined value of around Rs 830 crore set to open next week, led by a motherboard offering from KSH International. In addition, investors’ focus will also continue to be on a busy listing calendar, with as many as 15 companies set to make their debut on the stock exchanges, including high-profile names like ICICI Prudential AMC, Corona Remedies and Park Medi World.

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ICICI Prudential AMC is the most anticipated listing for next week. The issue received a solid response on its first day with a subscription of just over 50%. In terms of debut prospects, the company boasts a GMP of Rs 249, which is an 11% premium over the IPO price.In addition to other motherboard entries, the unofficial market mentions Corona Remedies, which has a GMP of 30% above the issue price. Nephrocare, meanwhile, has a GMP of 7%, indicating moderate listing expectations, followed by Wakefit, which has a marginal GMP of 5%.

In the SME segment, KV Toys has a strong GMP of 63% and appears to be on its way to a strong listing, while other IPOs do not have much to offer.

KSH International IPO

In the motherboard segment, KSH International opens its public issue on Tuesday, December 16 and closes on Thursday, December 18. The issue, priced between Rs 365 and Rs 384 per share, has a size of approximately Rs 710 crore and will be listed on both the BSE and NSE.

Managed by Nuvama Wealth Management, KSH International is the largest IPO to open next week and is expected to anchor overall sentiment in the primary market, especially as investors gauge appetite for big ticket issuances after a tough December so far.

SME IPO pipeline

While the motherboard pipeline remains relatively weak in terms of new openings, activity in the SMB segment remains stable. Neptune Logitek will start the week on Monday, December 15 with the issuance of Rs 46.62 crore opening for subscription and closing on Wednesday, December 17. The company is coming to the BSE SME platform at a fixed price of Rs 126 per share, with Galactico Corporate Advisors acting as lead manager.Two more SME issues will follow later in the week. MARC Technocrats opens its IPO on Wednesday, December 17 and closes on Friday, December 19. The issue is priced at Rs 88 to Rs 93 per share and has a size of Rs 42.59 crore. The company will be listed on the NSE SME platform, with Narnolia Financial Services as book-running lead manager.

On the same date, Global Ocean Logistics India will also open its IPO, offering shares in the price range of Rs 74 to Rs 78. The Rs 30.41 crore IPO will be listed on the BSE SME stock exchange and the issue will be managed by Marwadi Chandarana Intermediaries.

In addition to new openings, it will be particularly busy on the trade fair front next week. About 15 companies are expected to make their stock market debuts, making it one of the busiest listing weeks of the year. Of these, ICICI Prudential Asset Management Company stands out as the top listing, besides household names like Corona Remedies and Park Medi World, which are likely to attract significant investor attention.

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