Upcoming IPO: Five IPOs open for subscription today amidst a potential market sell-off

Indian primary markets are buzzing with several public offerings from the mainboard section set to hit Dalal Street today, even as the broader market faces a potential sell-off.

The Nifty 50 index is already reeling from a three-day losing streak during which it shed 550 points, nearly breaking below last Friday’s low of 24,190 as of Wednesday. Adding to the volatility, today marks the weekly options expiry for Nifty 50 contracts.

The Dow Jones recorded its 10th consecutive day of losses—the longest losing streak since 1974. The Wall Street downturn was triggered by the US Federal Reserve’s decision to cut interest rates by 25 basis points, as widely expected. However, the Fed’s reduction in its 2025 rate cut outlook—from four cuts to just two—added to investor concerns.

Here are the full details of the upcoming IPO activities scheduled for today:

Concord Enviro: The IPO of water and wastewater treatment solutions provider Concord Enviro Systems will open for subscription on December 19 and close on December 23. The price band for the public offer has been fixed at ₹665-701 per share.

The company aims to raise ₹500.3 crore through its IPO, which includes a fresh issue of equity shares worth ₹175 crore, and an offer-for-sale of 46.4 lakh shares worth ₹325.3 crore by existing shareholders.

Concord Enviro has garnered ₹150.1 crore from 13 institutional investors via its anchor book launched on December 18.

Sanathan Textiles: Mumbai-based Sanathan Textiles has mopped up ₹165 crores from anchor investors ahead of its initial public offering that opens for public subscription today (December 19). The IPO is a mix of fresh issue of up to ₹400 crore and an offer of sale of up to ₹150 crore.

The price band for the public issue has been determined at ₹305 – ₹321 per equity share.

The IPO will fetch ₹550 crore at the upper end of the price band.

Mamata Machinery: The ₹179 crore IPO of Gujarat-based Mamata Machinery will open for public subscription on December 19 and will be available for bidding till December 23. The company will sell its shares in a fixed price band of ₹230-243 apiece.

The IPO is a pure offer for sale comprising up to 73.82 lakh shares by promoters and existing shareholders and at the upper level of the price band, the total value of the IPO stands at ₹179.39 crore.

The company has raised over ₹53 crore from anchor investors ahead of its IPO.

DAM Capital Advisors: Investment banker Dharmesh Mehta-led DAM Capital Advisors has garnered ₹251.48 crore through its anchor book on December 18, a day before the issue opening. The ₹840-crore IPO opens for public subscription on December 19.

The public issue with a price band of ₹269-283 per share will conclude on December 23. The IPO consists entirely an offer-for-sale of 2.96 crore equity shares by promoter and investors.

Transrail Lighting: The engineering and construction company’s ₹839-crore IPO will open on December 19 and close on December 23. The company will sell its shares in a fixed price band of ₹410-432 apiece.

Transrail Lighting has raised ₹245.97 crore via anchor book on December 18.

The IPO includes a mix of fresh issuance of equity shares worth ₹400 crore, and an offer-for-sale of 1.01 crore equity shares worth ₹438.9 crore by promoter Ajanma Holdings.