Finance1 min read

₹10,000 cr Upcoming IPOs: Latest GMP price, key dates | Crystal Crop Protection, Mahanadi Coalfields, Watrana Rentals

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In short

The upcoming public offerings feature two mainboard listings alongside one SME candidate looking to tap public capital. Crystal Crop Protection intends to use its fresh issue proceeds to pay down existing debt, pursue inorganic growth, and meet corporate operational needs. Meanwhile, a major secondary divestment by a state-run energy subsidiary represents the bulk of the combined funds targeted across the three market debuts.

Key points

  • Crystal Crop Protection opens public bidding on 18 November after conducting its anchor i…: Crystal Crop Protection opens public bidding on 18 November after conducting its anchor investor bidding on 17 November.
  • Mahanadi Coalfields aims to offload a 10% equity stake estimated to generate around ₹9,50…: Mahanadi Coalfields aims to offload a 10% equity stake estimated to generate around ₹9,500 crore in gross proceeds.
  • Unofficial grey market premiums indicate positive listing expectations across all three f…: Unofficial grey market premiums indicate positive listing expectations across all three featured mainboard and SME market offerings.

Sources checked by our analysis pipeline: 1

India’s primary market is set to pick up pace after a relatively subdued fortnight, with the Diwali holiday period having temporarily slowed IPO activity. The upcoming week, beginning 16 November, will see three public issues worth more than Rs10,000 crore in combined proceeds enter the market, bringing fresh momentum to the IPO calendar. The lineup includes two mainboard offerings and one SME issue, led by the International Finance Corporation-backed agrochemicals and seeds company Crystal Crop Protection, the Coal India subsidiary Mahanadi Coalfields, and the SME player Watrana Rentals.

The revival comes amid continued investor interest in India's IPO market, which has seen companies across sectors tap the primary market to raise capital and provide exits to existing shareholders. The upcoming issues are expected to draw attention from investors tracking new listings, valuations and subscription trends.

Let’s take a closer look at each of these IPOs, covering the latest grey market premium (GMP), key dates, price bands and other important issue details.

Crystal Crop Protection IPO GMP today is +27. This indicates Crystal Crop Protection share price was trading at a…

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