Primary market gears up: 5 IPOs and a listing await investors next week

After a period of quiet, the primary market is buzzing again with positive momentum from the equity markets. Investors can look forward to five new IPOs (Initial Public Offerings) launching in the week starting April 28.

Leading the way is Ather Energy, which will become the first mainboard IPO in over two months. The Bengaluru-based electric vehicle manufacturer is set to open its Rs 2,981-crore public issue on April 28, with a price band of Rs 304-321 per share. The IPO will close on April 30. Ather Energy has already secured Rs 1,340 crore through its anchor book placement on April 25.

The other four IPOs next week will come from the SME (Small and Medium Enterprises) segment:

Iware Supplychain Services, a logistics company, will open its Rs 27.13-crore IPO on April 28 at a fixed price of Rs 95 per share. Subscriptions will be open until April 30.

Kenrik Industries, offering the smallest issue size among the five, plans to raise Rs 8.75 crore at Rs 25 per share. Its IPO will open on April 29 and close on May 6.

Arunaya Organics, a specialty dyes and intermediates manufacturer, will launch its Rs 34-crore IPO on April 29. The price band has been set at Rs 55-58 per share, with bidding open till May 2.

Wagons Learning, a provider of corporate training, digital learning, and skill development solutions, will open its Rs 38.4-crore IPO on May 2, with a price range of Rs 78-82 per share. Subscriptions for this issue will close on May 6.

Meanwhile, Tankup Engineers, whose IPO saw an impressive 125 times oversubscription last week, is all set to debut on the NSE Emerge platform on April 30.

Stay tuned for all the latest updates on IPOs and market movements.