India’s primary market is set for a busy week with nine IPOs opening between February 23–27, including Clean Max Enviro Energy Solutions and Shree Ram Twistex. Collectively, these offerings aim to raise over Rs 4,400 crore across mainboard and SME segments, alongside four scheduled listings.
Market Overview
After a relatively quiet phase, the IPO calendar is heating up with a diverse mix of companies tapping investor interest. The upcoming week will see four mainboard IPOs and five SME issues, offering opportunities across renewable energy, textiles, jewellery, and engineering.
Key Highlights
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Clean Max Enviro Energy Solutions
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India’s largest commercial and industrial renewable energy provider
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Plans to raise Rs 3,100 crore via IPO
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Price band set at Rs 1,000–1,053 per share
Shree Ram Twistex
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Textile manufacturer entering the mainboard market
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Issue size pegged at Rs 110 crore
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Focused on expanding production capacity and strengthening market presence
PNGS Reva Diamond Jewellery
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Jewellery brand with strong retail presence
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IPO size estimated at Rs 380 crore
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Funds to be used for retail expansion and working capital
Omnitech Engineering
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Engineering solutions provider
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Public issue worth Rs 583 crore
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Targeting growth in industrial equipment and services
SME Segment
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Five SME IPOs scheduled, adding depth to the market
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Collectively expected to raise several hundred crores
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Offers investors exposure to niche businesses with growth potential
Listings
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Four companies are set to debut on exchanges next week
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Includes Gaudium IVF, closing its issue on February 24 and listing on February 27
Outlook
With nine IPOs and four listings lined up, the last week of February promises heightened activity in India’s primary market. The mix of renewable energy, textiles, jewellery, and engineering reflects sectoral diversity, giving investors multiple avenues to participate in India’s growth story.
Sources: The Financial Express, Moneycontrol, Business Standard, Mint