Upcoming IPOs Next Week: Unimech Aerospace, Anya Polytech & Fertilizers, Solar91 Cleantech to Open for Subscription

After a hectic month of IPO activity, the primary market is set to take a breather next week, with only three public offers opening for subscription.

After a busy month of IPO activity, the primary market is set to slow down next week, with only three public offers opening for subscription. These include the mainboard issue of Unimech Aerospace and Manufacturing Ltd, along with two SME IPOs—Anya Polytech & Fertilizers Ltd and Solar91 Cleantech Ltd—all of which will open between December 23 and December 26.

This week, the IPO scene has been buzzing, with eight mainboard IPOs and three SME offerings opening for subscription. Interestingly, six out of the eight mainboard issues were oversubscribed, with Mamata Machinery’s IPO leading the pack with a massive 37.7 times subscription.

Upcoming IPOs Next Week

Unimech specializes in providing engineering solutions for critical parts used in the aerospace, defense, energy, and semiconductor industries. The company has an order book valued at ₹80.75 crore, with delivery timelines ranging from 4 to 16 weeks. It operates through two manufacturing facilities in Bangalore with a 94.68% capacity utilization.

The IPO comprises a fresh issuance of 32 lakh shares valued at up to ₹250 crore and an offer-for-sale (OFS) of an additional 32 lakh shares valued at up to ₹250 crore.

Anand Rathi Securities and Equirus Capital are the IPO’s book-running lead managers, while Kfin Technologies Ltd is the registrar.

The IPO consists of a fresh issue of 320 lakh shares, priced between ₹13 and ₹14 per share. The minimum lot size is 10,000 shares, requiring an investment of ₹1,40,000.

The IPO consists solely of a fresh issue of 54.36 lakh shares, priced between ₹185 and ₹195 per share. Retail investors will need to purchase a minimum of 600 shares, which amounts to an investment of ₹1,17,000.

More IPO Listings to Watch

Next week, five mainboard IPOs will make their market debut on December 27, including Transrail Lighting, Sanathan Textiles, DAM Capital Advisors, Concord Enviro Systems, and Mamata Machinery.

Moreover, NACDAC Infrastructure Ltd will debut on December 24 following the successful subscription of its SME IPO, and Identical Brains Studios will list on December 26 on the NSE SME platform. Newmalayalam Steel’s IPO shares are also set to be listed on the NSE Emerge platform on December 27.

Investors will keep an eye on these developments as the year-end IPO activity winds down and new opportunities unfold in the primary market.