Upcoming IPOs: 9 companies, including Waaree Energies, set to go public, with 3 new listings scheduled for next week

The Indian stock market has seen a significant decline in recent weeks, but the IPO market is buzzing with activity thanks to several new listings and public offerings. Between October 21 and 25, nine IPOs worth a combined Rs 10,985 crore will be open for retail investors.

Three major public issues, including Hyundai Motor, are set to be listed during this period.

Waaree Energies will kick off the IPO season next week on October 21, offering shares in a price range of Rs 1,427-1,503 each. The Rs 4,321 crore public offering includes a fresh issue of Rs 3,600 crore and an offer-for-sale (OFS) of 48 lakh shares, valued at Rs 721.44 crore. Promoters Waaree Sustainable Finance and Chandurkar Investment will participate in the OFS. The company secured Rs 1,277 crore from anchor investors on October 18 ahead of its public offering.

Waaree Energies is a leading player in the solar photovoltaic module manufacturing sector, with competitors such as Premier Energies and Websol Energy already listed in the stock market.

Deepak Builders and Engineers India’s IPO will also be open for retail investors from October 21 to October 23, aiming to raise Rs 260 crore, with Rs 217 crore from fresh issues and Rs 42.83 crore from an OFS. The company raised Rs 78 crore from five anchor investors prior to the IPO.

Godavari Biorefineries’ IPO is scheduled to open from October 23 to 25, seeking to raise Rs 555 crore. The offering includes a Rs 325 crore fresh issue and an OFS of 65.26 lakh shares worth Rs 229.75 crore by promoters and Mandala Capital AG. The price band is set between Rs 334 and Rs 352 per share.

Afcons Infrastructure, owned by the Shapoorji Pallonji Group, will open its Rs 5,430 crore IPO for subscription on October 25. The price band will be announced on October 21. The company plans to raise Rs 1,250 crore through fresh issues and Rs 4,180 crore via OFS.

In the SME segment, five IPOs—Premium Plast, Danish Power, United Heat Transfer, OBSC Perfection, and Usha Financial Services—will also open for retail investors next week.

Additionally, Hyundai Motor India’s IPO, the country’s largest-ever at Rs 27,870 crore, will be listed on October 22. SME shares for Lakshya Powertech and Freshra Agro Exports will begin trading on October 23 and 24, respectively.

With such a range of IPOs coming up, the market offers numerous opportunities for investors to explore new stock offerings and bolster their portfolios.