Three IPOs worth over Rs 10,000 crore to open next week
The primary market is set to regain momentum with two mainboard issues and one SME issue scheduled to hit Dalal Street.
The primary market is set to regain momentum starting November 16, with three initial public offerings (IPOs) worth more than Rs 10,000 crore scheduled to open, according to Moneycontrol.
Crystal Crop Protection, an agrochemicals and seeds company backed by the International Finance Corporation, will open its subscription on November 18. The New Delhi-headquartered company has fixed a price band of Rs 259-272 per share and aims to raise Rs 455.7 crore.
The Crystal Crop Protection offer includes a fresh issue of Rs 355 crore and an offer for sale (OFS) of 37.02 lakh equity shares worth Rs 100.7 crore by promoter Ankur Aggarwal. The company intends to use the fresh issue proceeds to repay Rs 270 crore in debt and for general corporate purposes.
Mahanadi Coalfields, a subsidiary of Coal India, is expected to raise around Rs 9,500 crore. Its maiden public issue will open on November 19 and close on November 23, consisting of an OFS of 66.18 crore equity shares by promoter Coal India.
The SME company Watrana Rentals, a Delhi-based material handling equipment provider, will also open its issue on November 19. It has fixed a price band of Rs 232-245 per share and aims to raise Rs 120 crore through a fresh issue of 49.02 lakh equity shares.
Watrana Rentals plans to use Rs 98.12 crore of the proceeds to purchase batteries, aerial work platforms, and material handling equipment. Between January and October 2026, 303 companies raised a total of Rs 1.66 lakh crore through IPOs.
