After raising around Rs 31,000 crore in the first three weeks of November, the coming week is going to be quite quiet. There is a reason for this also. There is no new mainboard IPO this week. However, this week three SME issues will be open for subscription, due to which despite some relief in big issues, the broad pipeline will remain active. This slowdown in the IPO market has been seen after a period when many high-profile companies like Lenskart, Grow, Pine Labs and Physicswala had attracted investors. Strong institutional inflows and increased retail participation had sharply boosted subscription numbers across many mainboard offers. But as the year is coming to an end and markets are becoming selective, the number of mainboard IPOs is decreasing.
3 SME IPOs will come next week
SSMD Agrotech India is coming with its IPO on 25th November. The company, which operates under brands such as Manohar Agro, Super SS, Delhi Special and Shree Dhanalakshmi, has its roots going back several decades, when it was involved in the merger of traditional flour-milling businesses. It is involved in manufacturing, trading and repacking of agri food products and plans to raise Rs 34.09 crore through a price band of Rs 114-121 per share. This issue will close on 27th November.
Two more IPOs will hit the market from November 26. Mother Nutri Foods, a new company formed in 2022, plans to raise Rs 39.59 crore. It manufactures peanut butter for B2B customers and sells flavored variants under the Spread & Eat brand in markets such as Libya, Dubai and most recently Japan. This offer will close on 28th November.
The third SME issue to open next week is that of KK Silk Mills, which was established in 1991 and is engaged in fabric and apparel production. Its product chain includes men’s and women’s clothing, children’s clothing and specialty fabrics like sherwani and burqa. The company will raise Rs 28.5 crore through a price band of Rs 36-38 per share, and the subscriptions are also ending on November 28.
Although Main Board activity is slow right now, market participants expect a busy December and even more activity in 2026. Many big companies in the consumer-internet, manufacturing and finance sectors are preparing or have submitted documents in the coming weeks.