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

India’s primary market pipeline stays active in the third week of December, with four public issues collectively worth about Rs 830 crore scheduled to open next week, led by a mainboard offering from KSH International. Alongside this, investor focus will also remain on a busy listing calendar, with as many as 15 companies set to debut on the exchanges, including high-profile names such as ICICI Prudential AMC, Corona Remedies and Park Medi World.

Listings galore

ICICI Prudential AMC is the most awaited listing for next week. The issue received steady response on the first day with just over 50% subscription. As far as debut outlook is concerned, the company is commanding a GMP of Rs 249, which is a 11% premium over IPO price.

Among other mainboard listings, there is buzz in the unofficial market around Corona Remedies, which is boasting a GMP of 30% over issue price. Nephrocare, meanwhile, has a 7% GMP, indicating moderate listing expectations, followed by Wakefit, which has a marginal 5% GMP.

In the SME segment, KV Toys is having a strong GMP of 63% and looks set for strong listing, while other IPOs have not much going.

KSH International IPO

The mainboard segment will see KSH International open its public issue on Tuesday, December 16, and close on Thursday, December 18. The issue, priced in the range of Rs 365 to Rs 384 per share, is sized at around Rs 710 crore and will be listed on both BSE and NSE.

Managed by Nuvama Wealth Management, KSH International is the largest IPO opening next week and is expected to anchor overall sentiment in the primary market, particularly as investors assess appetite for large ticket issues after a heavy December so far.

SME IPO pipeline

While the mainboard pipeline remains relatively light in terms of new openings, activity in the SME segment continues to be steady. Neptune Logitek will kick off the week on Monday, December 15, with its Rs 46.62 crore issue 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 the lead manager.

Two more SME issues will follow later in the week. MARC Technocrats will open its IPO on Wednesday, December 17, and close on Friday, December 19. The issue is priced in a band of Rs 88 to Rs 93 per share and is sized at Rs 42.59 crore. The company will list on the NSE SME platform, with Narnolia Financial Services as the 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 exchange, and the issue is being managed by Marwadi Chandarana Intermediaries.

Beyond new openings, next week is shaping up to be particularly busy on the listing front. Around 15 companies are expected to make their stock market debut, making it one of the most crowded listing weeks of the year. Among these, ICICI Prudential Asset Management Company stands out as the marquee listing, alongside well-known names such as Corona Remedies and Park Medi World, which are likely to draw significant investor attention.

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