New Delhi: Even though the Indian equity market has declined in recent times, the IPO market is witnessing a lot of activity due to new listings and public issues. This week (October 21 to 25), nine initial public offerings (IPOs) worth Rs 10,985 crore will open for retail investors.

The country's biggest IPO Hyundai Motor India will be listed on October 22. Apart from this, in the SME segment, trading in the shares of Lakshya Powertech and Freshera Agro Exports will start on October 23 and 24 respectively.

Waaree Energies IPO

The first IPO to open on Monday, October 21, will be that of Wari Energies, whose price band is Rs 1,427-1,503 per share. The public issue of Rs 4,321 crore, which includes a fresh issue of Rs 3,600 crore and an offer-for-sale (OFS) of 48 lakh shares worth Rs 721.44 crore. It will close on October 23. Prior to the IPO, the company had raised Rs 1,277 crore from anchor investors on October 18. It is a solar photovoltaic module manufacturer. Its main competitors include listed companies like Premier Energies and Websol Energy.

Deepak Builds & Engineers India IPO

Deepak Builds and Engineers India's IPO subscription will open for retail investors between October 21 and October 23. The size of this IPO will be Rs 260 crore. It includes fresh shares worth Rs 217 crore and OFS worth Rs 42.83 crore. Before the IPO, the company has raised Rs 78 crore from five anchor investors.

Godavari Biorefineries IPO

Godavari Biorefineries' IPO will open from 23-25 ​​October. The company plans to raise Rs 555 crore through this IPO. Its price band has been fixed at Rs 334 to Rs 352 per share. The IPO of Shapoorji Pallonji Group-owned Afcons Infrastructure will also open for subscription on October 25. The price band for the Rs 5,430 crore IPO will be announced on October 21.

SME IPO

Apart from the mainboard, in the SME segment, Premium Plast, Danish Power, United Heat Transfer, OBSC Perfection and Usha Financial Services will open for subscription for retail investors next week.