IPO Rush Next Week: 7 Mainboard Public Issues Worth Over ₹25,000 Crore to Open, Led by NSE
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The Indian primary capital market is gearing up for an exceptionally high-activity week, offering investors a golden window to bid on seven major mainboard initial public offerings (IPOs) with a combined issue size exceeding ₹25,000 crore. While a couple of offerings opened earlier this week and will continue accepting bids, several prominent new listings—anchored by the monumental public issue from the National Stock Exchange (NSE)—are slated to hit the market. Alongside the much-anticipated NSE offering, retail and institutional investors will have multiple investment avenues spanning automotive technology, electronics retail, textiles, steel infrastructure, and plastic manufacturing sectors.
Major IPOs Opening Next Week
To navigate the bustling primary market, investors can review the schedule, price bands, and structural details of the key public issues opening next week:
NSE IPO: As the crown jewel of the upcoming roster, India's leading stock exchange will open its massive ₹22,561.57 crore IPO on September 17 and close it on September 21. Priced between ₹1,700 and ₹1,785 per share, this blockbuster offering is a pure offer for sale (OFS), routing proceeds directly to exiting shareholders while offering investors a stake in the dominant equities and derivatives market infrastructure giant.
Hero Motors: Scheduled to open from September 16 to September 18, this automotive technology issue aims to raise ₹1,000 crore within a price band of ₹79 to ₹84 per share. The issue comprises a fresh capital raise of ₹600 crore and an OFS of ₹400 crore, focusing on advanced powertrain solutions, motorcycle components, and EV mobility parts.
SS Retail: Operating in the multi-brand mobile and electronics retail segment with a strong focus on tier-2 and tier-3 cities, SS Retail's ₹500 crore IPO will run from September 16 to September 18. The price band has been fixed at ₹403 to ₹424 per share, consisting of a ₹360 crore fresh issue and a ₹140 crore OFS.
Sona Selection India: Rajasthan-based fabric and textile manufacturer Sona Selection India is launching a completely fresh issue worth ₹141.57 crore, opening on September 17 and closing on September 21 with a price band set between ₹94 and ₹99 per share to fund its ongoing business expansion.
Jindal Supreme (India): Steel pipes and infrastructure product manufacturer Jindal Supreme will open its ₹124.88 crore IPO from September 16 to September 18, featuring a price band of ₹88 to ₹93 per share. The issue includes a fresh component alongside an OFS, catering to highway safety barriers, street lighting poles, and industrial steel tubing demands.
Manika Plastech & Weigland Developers: Plastic packaging specialist Manika Plastech's ₹125.50 crore IPO—featuring a price band of ₹40 to ₹43—opened earlier and remains open for investment until September 16, running alongside ongoing offers like Weigland Developers.
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