After a relatively quiet spell, the Indian primary market is set to see renewed activity this week, with five new initial public offerings (IPOs) opening for subscription from October 27.
Key IPOs This Week
- Orkla India – Norway-based Orkla’s Indian subsidiary, owner of brands such as MTR Foods, Eastern Condiments, and Rasoi Magic, will open its IPO from October 29 to 31. The price band is set at ₹695-730 per share.
- The Bengaluru-headquartered company seeks a valuation of ₹10,000 crore, raising ₹1,667.5 crore entirely through an offer-for-sale (OFS).
- Shares will be sold by promoter Orkla Asia Pacific and public shareholders Navas Meeran and Feroz Meeran, meaning IPO proceeds will go to the selling shareholders.
- Studds Accessories – The helmet manufacturer’s IPO will open from October 30 to November 3, consisting entirely of an OFS of 77.86 lakh shares by promoters and other selling shareholders.
- Lenskart Solutions – The eyewear company will launch its IPO from October 31 to November 4. The issue includes a fresh share sale worth ₹2,150 crore alongside an OFS of 12.75 crore shares by promoters and investors. If priced at ₹402 per share, Lenskart’s IPO could be valued at ₹7,278 crore, with the company projected at ₹72,719 crore post-listing.
- Jayesh Logistics – An SME segment IPO, opening from October 27 to 29, aims to raise ₹28.63 crore via a fresh issue of 23.47 lakh shares at a price band of ₹116-122 per share. The company plans to deploy funds for side wall trailers, working capital, Smart Logistics Application phase 2 implementation, and general corporate purposes.
- Game Changers Texfab – The fabric supplier’s IPO, also from the SME segment, will open from October 28 to 30, seeking ₹55 crore via a fresh issue of 53.76 lakh shares at ₹96-102 per share. Proceeds will be used for capital expenditure, working capital, and general corporate purposes.
Market Context
October has already witnessed 10 IPOs, including seven mainboard listings raising ₹35,791 crore, with notable names such as Tata Capital (₹15,512 crore) and LG Electronics (₹11,607 crore). With these five upcoming IPOs, total fundraising for October is expected to cross ₹45,000 crore through 15 listings.
The new wave of IPOs reflects strong investor appetite and a continued momentum in India’s primary market, particularly in both mainboard and SME segments.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors should review official prospectuses and consult with financial advisors before participating in any IPO.
