IPO calendar: Vijay Kedia-backed issue among 5 new offers for investors to track next week

India’s primary market is set for another busy week as a clutch of 5 IPOs prepare to open across both mainboard and SME platforms, offering investors a wide range of choices from building materials to technology. Among the mainboard issues, Euro Pratik Sales will be the biggest offering for investors.

The decorative laminates and surfaces company is hitting the market with a Rs 451 crore issue, opening on September 16 and closing on September 18. The price band for the issue has been fixed at Rs 235–247 per share. Axis Capital is the lead manager for the issue, which will list on both the BSE and NSE.

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Close on its heels, VMS TMT will launch its Rs 148 crore IPO between September 17 and 19. The Gujarat-based manufacturer of thermo-mechanically treated bars (TMT bars) has set a price band of Rs 94–99 per share. Arihant Capital is managing the offer, which will list on both exchanges.

SME IPOs

While the larger issues are expected to attract institutional demand, smaller retail-focused IPOs continue to dominate the SME segment.

On the SME front, TechD Cybersecurity, backed by Vijay Kedia, will open its Rs 39 crore IPO from September 15–17. It is priced at Rs 183–193 a share.

Sampat Aluminium, another building materials player, will also tap the market during the same window, opening September 17 and closing September 19. The company has fixed its issue size at Rs 30.53 crore with a price band of Rs 114–120 per share.

JD Cables, which is into making high-quality cables and conductors, is planning to raise about Rs 96 crore through an offer of 63 lakh shares. The price band was fixed at Rs 144-152 apiece.

Apart from the above, two other IPOs were already launched in the week gone by and will continue through next week. LT Elevator (Rs 39.37 crore, BSE SME) is currently open, running from September 12–16 in a price band of Rs 76–78 per share.

Meanwhile, Airfloa Rail Technology, a railway components manufacturer riding on the buzz around Vande Bharat, is also open for subscription from September 11–15, with an issue size of Rs 91.10 crore at Rs 140 a share.

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The flurry of IPOs across sectors signals continued appetite from both retail and institutional investors, even as broader markets remain volatile. With several listings lined up this week, investor attention will be firmly on subscription patterns and grey market cues to gauge sentiment.

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