IPOs galore: 6 companies eye Rs 1,800 crore fundraise; Lenskart and Orkla India among offerings
India’s primary market is set for a busy week, with six initial public offerings (IPOs) collectively aiming to raise over Rs 1,800 crore across both mainboard and SME platforms. From consumer brand Lenskart to smaller players in logistics, textiles, and manufacturing, investors have a diverse lineup of opportunities on Dalal Street.Leading the pack is eyewear retailer Lenskart, which opens its Rs 2,150-crore IPO on October 31 and closes on November 4. Backed by Radhakishan Damani and SoftBank, the company plans to raise funds through a mix of fresh issue and offer for sale, reported ET. The much-awaited listing marks one of the most anticipated consumer-tech offerings of the year.Another major mainboard listing this week is Orkla India, the consumer goods company known for its food and home brands. The firm’s Rs 1,667-crore IPO opens on October 29 with a price band of Rs 695–730 per share. Its grey market premium (GMP) of about 15% signals strong investor appetite from both institutional and retail segments.In the manufacturing space, Studds Accessories, a leading helmet and two-wheeler gear maker, is set to open its IPO on October 30, closing on November 3. Despite its strong brand recall, the issue currently shows no movement in the grey market (GMP 0%), indicating muted demand in pre-listing trades.Among SME offerings, Safecure Services, a security and facility management company, will open its Rs 31-crore IPO on October 29, closing on October 31. The issue, priced at Rs 102 per share, has seen no visible GMP activity, suggesting investors are adopting a wait-and-watch stance.Another SME player, Game Changers Texfab, a textile manufacturer, is set to launch its Rs 54.84-crore IPO between October 28 and October 30. Like several other small-cap issues this week, its GMP remains flat at 0%, showing limited early buzz.Rounding out the list is Jayesh Logistics, a cross-border logistics company, which opened its Rs 29-crore SME IPO on October 27 and will close on October 29. Its GMP of 3% indicates a modest expected listing premium.(Disclaimer: Recommendations and views on the stock market and other asset classes given by experts are their own. These opinions do not represent the views of The Times of India)
