IPO Watch: Street To See One Issue, Five Listings This Week

The primary market will see subdued action after weeks of strong activity. The upcoming week will only see one initial public offering in the small and medium enterprise space, and five listings, including two mainboard companies.

In the SME space, Sahaj Solar Ltd. will raise Rs 52.6 crore via an entirely fresh issue of 29.2 lakh shares. The issue price for the IPO is set at Rs 171–180 apiece.

A stronger second half of 2025 for the IPO market is expected, with increased activity, potentially larger deals and new listings across diverse sectors, according to Mahavir Lunawat, managing director of Pantomath Capital Advisors Pvt.

During the first half, 35 companies from diverse sectors, such as co-working space, furniture retailing and online ticket booking, have been able to tap the market, raising almost Rs 32,000 crore, Lunawat said.

The week will also see the listing of five companies. Shares of Emcure Pharmaceuticals Ltd., and Bansal Wire Industries Ltd. will debut on the national bourses on July 10.

Emcure Pharmaceuticals was subscribed 67.87 times on day 3, led by institutional investors. The Bain Capital-backed company's IPO comprised a fresh issue of up to Rs 800 crore and an offer for sale of 1.14 crore equity shares.

The IPO for steel wire manufacturer Bansal Wire Industries was subscribed 59.57 times on its third and final day, led by demand from institutional investors. The Rs 745-crore IPO consisted of a fresh issue of 2.91 crore shares with no offer-for-sale component.