Six IPOs Worth Over ₹10,700 Cr Set To Hit Dalal Street This Week

The Indian primary market is poised for a strong week ahead as six public issues collectively worth more than ₹10,700 crore are slated to open this week, signalling renewed investor interest. 

The total fundraising by these six companies amounts to approximately ₹10,733.5 crore, of which two major players – Groww (via parent Billionbrains Garage Ventures) and Pine Labs – contribute about ₹10,532.2 crore. 

Groww’s IPO opens on November 4 with a price band of ₹95-100 per share and closes on November 7. The company plans to raise around ₹6,632.30 crore, comprising fresh issuance of shares worth approximately ₹1,060 crore and an offer-for-sale of around 55.72 crore shares from existing investors amounting to ~₹5,572.30 crore. 
Backed by marquee investors such as Peak XV Partners, Y Combinator, Tiger Global and Sequoia Capital, Groww’s move to list signals growing investor appetite in India’s digital broking/fintech space. 

Pine Labs, which operates in in-store point-of-sale systems, online payment gateways and prepaid solutions, opens its IPO from November 7 to 11. The Noida-based firm aims to raise around ₹3,900 crore – including fresh equity of ~₹2,080 crore and an offer-for-sale by early investors including Peak XV and global names such as Mastercard and PayPal. 

Beyond these, four other issues from the SME segment will also debut. Among them: Shreeji Global FMCG (spices & food-grains business) launching November 4 with a price band of ₹120-125 per share to raise ₹85 crore; Finbud Financial Services (loan-aggregation platform) opening November 6 for ~₹72 crore at ₹140-142 per share; Curis Lifesciences (pharma) November 7 raising ~₹27.5 crore at ₹120-128 per share; and Shining Tools (solid carbide cutting tools manufacturer) launching the same day to raise ~₹17.1 crore at ₹114 per share. 

On the listings front, in the mainboard segment, Orkla India (convenience foods/spices, owned by Norwegian firm Orkla ASA) will debut on November 5; helmet-maker Studds Accessories on November 6; and eyewear retailer Lenskart Solutions on November 7. Studds’ IPO was reported subscribed ~5.08 times and Lenskart ~1.11 times by last Friday, while Orkla India’s issue closed with nearly 49 times subscription. 

With these offerings, the primary market appears to be regaining momentum, and market participants will be closely watching listing-day performances and grey-market signals for cues about investor sentiment ahead.