With just one mainboard IPO—Midwest—opening for subscription, the Indian primary market is expected to have a rather quiet week.  This week, the bidding for three SME offers and three ongoing mainboard issues will conclude.  Two significant listings, Tata Capital and LG Electronics, which make their debuts on Monday and Tuesday, respectively, will also be watched by investors.  Over the course of the week, about eight companies are scheduled to list on the markets.

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Tata Capital Listing: On Monday, October 13, the much awaited listing of Tata Capital’s Rs 15,511 crore initial public offering will occur.  The stock may list near its issue price of Rs 326 per share, as the grey market premium (GMP) is essentially unchanged.

Canara Robeco Rubicon Research Closes IPOs

Subscriptions for both issues will end on October 13.

LG Electronics Listing: On Tuesday, LG Electronics’ Rs 11,607 crore initial public offering (IPO) will go live.  Over the course of three days last week, the issuance received 54 subscriptions, shattering all previous records and bringing in over Rs 4 lakh crore. Listing of Mittal Sections: The BSE SME platform will host this Rs 52.9 crore SME IPO.  The stock might launch flat at the higher price range of Rs 143 per share, according to GMP trends.

The Anantam Highways Trust InvIT: This week marks the opening of an infrastructure investment trust (InvIT) offering road construction projects at a price of Rs 100 per unit, with a total value of Rs 400 crore.

Canara HSBC Life Insurance IPO Closing

Sihora Industries (SME)

SK Minerals (SME)

Shlokka Dyes (SME)

These issues will close for subscription on October 14.

Midwest IPO Opening:  Subscriptions for Midwest’s Rs 451 crore book-built IPO begin on Wednesday.  With a maximum price range of Rs 1,065 per share, the issue consists of both a new issue and an offer-for-sale component.

Canara Robeco Listing:  On Thursday, Canara Robeco will launch its initial public offering (IPO), which has a total issue size of Rs 1,326 crore.  The stock may list with gains of about 7% based on GMP trends.

Rubicon Research Listing: Also scheduled to make its debut on Thursday is Rubicon Research, which raised Rs 1,377 crore.  The stock may list at a 23% premium over its issue price, according to GMP estimates. ​

Day 2 of the Midwest IPO: Retail, HNI, and QIB investors are anticipated to show interest in the IPO, and subscriptions will continue.

Listing for Canara HSBC Life Insurance On Friday, the stock of the insurer will go public.  A flat launch with moderate gains of roughly 2% above the issue price is predicted per GMP trends.

The Trust InvIT Listing for Anantam Highways: Friday will also see the listing of the Rs 400 crore InvIT, which will cost Rs 100 per unit.  The trust is primarily concerned with funding road infrastructure initiatives.

Day 3 of the Midwest IPO The Midwest IPO’s last day of bidding is on Friday.  This will be the final chance for investors in all categories—retail, HNI, and QIB.