After a relatively quiet two-week period, partly due to the Diwali holidays, the primary market is set to regain momentum, with three IPOs worth more than Rs 10,000 crore scheduled to hit Dalal Street next week, starting November 16.
The lineup comprises two mainboard initial public offerings (IPOs) and one SME issue.
International Finance Corporation-backed agrochemicals and seeds company Crystal Crop Protection will be the first to launch its public issue, which will open for subscription on November 18. The company has fixed a price band of Rs 259-272 per share.
The New Delhi-headquartered crop protection solutions provider aims to raise Rs 455.7 crore through the IPO at a valuation of Rs 4,438.1 crore at the upper end of the price band. The offer comprises a fresh issue of shares worth Rs 355 crore, while promoter Ankur Aggarwal will offload shares worth Rs 100.7 crore through an offer for sale (OFS) of 37.02 lakh equity shares.
The net proceeds from the fresh issue will be primarily utilised to repay debt worth Rs 270 crore, against total outstanding borrowings of Rs 962.6 crore as of August 2026. The remaining proceeds will be used for general corporate purposes.