India’s IPO market set to welcome six new offerings next week

MUMBAI – India’s initial public offering (IPO) landscape is gearing up for a busy week ahead, with six companies slated to debut on the mainboard and SME platforms, collectively aiming to raise approximately Rs 2,500 crore ($312 million). This flurry of activity underscores the country’s vibrant capital market environment and the diverse investment opportunities it presents.

At the forefront of these listings is DOMS Industries, a key player in the stationery and art products sector. The company’s IPO, scheduled between Tuesday and Thursday, features fresh equity issuance worth Rs 350 crore ($43.7 million) and an offer for sale (OFS) of Rs 850 crore ($106 million) from its promoters. The enthusiasm for DOMS Industries is palpable, with a grey market premium (GMP) indicating a price of Rs 480 above the upper band of Rs 790 ($9.85), signaling strong investor interest.

The proceeds from DOMS Industries’ IPO are earmarked for expanding production facilities and reinforcing their robust market share in their niche segment.

Adding to the momentum, India Shelter Finance Corporation is set to launch its IPO within a price bracket of Rs 469-473 ($5.85-$5.90), starting from Monday and running through the following Monday. The company seeks to raise fresh capital of Rs 800 crore ($100 million) and an OFS of Rs 400 crore ($50 million), focusing on urban households requiring loans for construction, extension, or renovation. India Shelter Finance’s scalable technology infrastructure underpins its service offerings.

In parallel, Presstonic Engineering has set its sights on raising Rs 23 crore ($2.87 million) starting from Monday. SJ Logistics will open its issue on Tuesday with an aim to raise Rs 48 crore ($6 million). ShreeOSFM E-Mobility has fixed its share price at Rs 65 ($0.81) for its Thursday launch, while Siyaram Recycling will offer shares priced between Rs 43-46 ($0.54-$0.57), beginning on the same day. Both companies are seeking funds to address their future capital requirements.

These upcoming IPOs represent a mix of industries and reflect the dynamic nature of India’s economic growth sectors, offering investors new avenues for participation in the country’s growth story.

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