Mumbai: The coming week is poised to keep primary market investors engaged, with a strong line-up of SME listings and IPOs, even as mainboard activity eases following the recent Ather Energy IPO.
Mainboard Activity: Ather Energy Listing
Ather Energy is set to make its stock market debut on Tuesday, May 6, 2025, marking the first mainboard listing of FY25. The allotment for the IPO is expected to be finalized on Friday, May 2, and successful applicants will likely receive shares in their demat accounts by Monday, May 5. This offering broke a two-month lull in the mainline segment since the listing of Quality Power in February 2025.
SME Listings to Watch
The SME segment will see four companies listing their shares on the stock exchanges in the upcoming week. Arunaya Organics will list on the NSE SME platform on Wednesday, May 7. On Friday, May 9, two companies—Kenrik Industries and Wagons Learning—will debut on the BSE SME platform. Iware Supplychain Services, though announced for next week, has not disclosed a specific listing date yet.
Upcoming SME IPOs: Manoj Jewellers and Srigee DLM
Two SME IPOs are set to open for subscription on Monday, May 5, 2025:
Manoj Jewellers
The company seeks to raise Rs 16.20 crore via a fixed-price IPO. Shares are priced at Rs 10 apiece, with a lot size of 2,000 shares. The minimum investment required is Rs 1,08,000. The IPO will remain open until Wednesday, May 7. Allotment will be finalized on Thursday, May 8, and shares will list on the BSE SME on Monday, May 12. Skyline Financial Services is the registrar, with Jawa Capital Services as the sole book-running lead manager.
Srigee DLM
This IPO aims to raise Rs 16.98 crore and will be offered in a price band of Rs 94–Rs 99. The minimum lot size is 1,200 shares, requiring a minimum investment of Rs 1,18,800. The offering will also close on May 7, with allotment expected by May 8 and listing on the BSE SME on May 12. Bigshare Services will manage share allotment, while GYR Capital Advisors Private Limited is the lead manager.
With no further mainboard offerings expected in the immediate term, the SME segment continues to offer substantial opportunities for investors seeking new listings and IPO gains.
