The Indian primary market is poised for a busy closing week of 2023, with a total of 14 companies set to make their debut on the bourses. Although there won’t be any new IPOs in the mainboard segment, significant activity is expected in the SME segment. The last week will witness eight listings on the mainboard segment and one in the SME segment. All eyes are on the listings scheduled for December 26, with Motisons Jewellers, Muthoot Microfin, Suraj Estate Developers, and Sahara Maritime making their debut.

Motisons Jewellers, a Jaipur-based gold jewellery maker, is anticipated to have a blockbuster listing, with IPO shares reportedly available at a premium of over 100% in the grey market. The IPO received overwhelming subscription, attracting investors at 151 times the issue price of Rs 55.

The following day, December 27, will witness listings from Happy Forgings, RBZ Jewellers, Credo Brands Marketing, Shanti Spintex, and Electro Force (India). Happy Forgings and Credo Brands Marketing are expected to be strong listings, with grey market investors projecting around a 45% premium over the issue price.

On December 28, Azad Engineering, a Telangana-based precision components maker, will list after a subscription of 80.6 times. Grey market investors traded its IPO shares at more than a 75% premium over the issue price of Rs 524.

In the last IPO and listing of the year in the mainboard segment, pharmaceutical company Innova Captab will debut on December 29. The issue, closing on December 26, received 3.54 times subscription, with shares reportedly available at a 20-30% premium in the grey market.

Additionally, SME listings on December 29 include Trident Techlabs, Supreme Power Equipment, and Indifra. Among the six SME IPOs worth Rs 105 crore scheduled for opening in the coming week, AIK Pipes and Polymers will be the first, launching its Rs 15-crore public issue on December 26.

Four other companies, namely Shri Balaji Valve Components, Manoj Ceramic, HRH Next Services, and Akanksha Power, will open their IPOs for subscription from December 27 to 29. Meanwhile, Kay Cee Energy & Infra will be the last SME IPO, starting on December 28 and closing on January 2, with a price band at Rs 51-54 per share.

The closing IPO of the SME segment, Sameera Agro and Infra, is set to conclude on December 27, with a fixed price issue at Rs 180 per share. The Rs 62.64-crore public issue was subscribed 90% during December 21-22.

As the primary market witnesses this flurry of activity, the week ahead is poised to be a dynamic and eventful closure to the IPO calendar for 2023.