31000 crores raised in 21 days, will there be no IPO noise next week?
The Indian primary market is experiencing a slight slowdown. After a busy period of major IPOs, the coming week will be a bit quieter. No major IPOs have been announced. However, three SME issues will open for subscription. This will keep the market active.
After raising nearly ₹31,000 crore in the first three weeks of November, the coming week is expected to be quite quiet, and for good reason. There are no new mainboard IPOs this week.
However, three SME issues will open for subscription this week, maintaining a broad pipeline of active investors despite a slight lull in large issues.
This slowdown in the IPO market comes after a period when several high-profile companies like Lenskart, Groww, Pine Labs, and Physixwala attracted investors.
Strong institutional inflows and increased retail participation boosted subscription numbers for many mainboard offerings. However, as the year draws to a close and markets become more selective, mainboard IPO numbers are declining.
3 SME IPOs to launch next week
SSMD Agrotech India is launching its initial public offering (IPO) on November 25th. Operating under brands such as Manohar Agro, Super SS, Delhi Special, and Sri Dhanalakshmi, the company traces its roots back decades, having merged traditional flour mill businesses.
It is engaged in the manufacturing, trading, and repackaging of agrifood products and plans to raise ₹34.09 crore through a price band of ₹114-121 per share. The issue will close on November 27th.
Two more IPOs will hit the market starting November 26. Mother Nutri Foods, a new company formed in 2022, plans to raise ₹39.59 crore.
It manufactures peanut butter for B2B customers and sells flavored variants under the Spread & Eat brand in markets like Libya, Dubai, and recently, Japan. The offering will close on November 28.
The third SME issue opening next week is from KK Silk Mills, founded in 1991 and engaged in fabric and apparel production. Its product range includes men's and women's clothing, children's clothing, and specialty fabrics such as sherwanis and burqas. The company will raise ₹28.5 crore through a price band of ₹36-38 per share, with subscriptions closing on November 28.
While activity on the main boards is currently slow, market participants expect a busy December and even more activity in 2026. Several major companies in the consumer-internet, manufacturing, and finance sectors are preparing or have already filed documents in the coming weeks.