Eight initial public offerings (IPOs), consisting of three from the mainboard and five from small and medium enterprises (SMEs), launched on the stock market on Wednesday. The companies involved are Jain Resource Recycling, EPack Prefab Technologies, BMW Ventures, Gurunanak Agriculture India (trading on NSE Emerge), Praruh Technologies, Solvex Edibles, Justo Realfintech, and Systematic Industries (BSE SME).
Jain Resource Recycling saw a robust debut, commencing trading at a 14 percent premium to its IPO price of ₹232. The stock listed at ₹265.25 on the BSE and ₹265.05 on the NSE, reaching a peak of ₹278.5 during the session. The IPO was well-received, closing with a subscription rate of 15.90 times on the final bidding day. The company raised over ₹562 crore from anchor investors, with the offer comprising a fresh issue of equity shares totaling ₹500 crore and an offer for sale (OFS) valued at ₹750 crore.
In contrast, EPack Prefab Technologies experienced a subdued entry, debuting at a discount of 9-9.8 percent relative to its IPO price of ₹204. The stock opened at ₹186.10 on the BSE and ₹183.85 on the NSE, later fluctuating between ₹183.85 and ₹192.95. The ₹504 crore IPO attracted a modest response, with a subscription rate of 3.07 times by the final bidding day. This included a fresh issue of shares worth ₹300 crore and a 1 crore share OFS by promoters worth ₹204 crore at the upper price point. Prior to the IPO, the company secured ₹151.2 crore from anchor investors.
BMW Ventures faced challenges, with its stock plummeting to the lower circuit after a weak debut. It began trading at ₹78 on the NSE, down 21 percent from its IPO price of ₹99, and at ₹80 on the BSE, representing a 19 percent decrease. By 11 a.m., the stock was locked at the lower circuit with prices of ₹76 and ₹74.10 on the BSE and NSE, respectively. The ₹232 crore IPO received a subscription of 1.50 times on the final day of offering.
Among the SME IPOs, Gurunanak Agriculture India opened at ₹60, falling to the lower band of ₹57 against an IPO price of ₹75. The ₹28.8 crore IPO attracted overall subscription of 1.7 times. Praruh Technologies made its debut at ₹63 on the BSE SME platform, equal to its IPO price, with a subscription rate of 1.2 times for its ₹23.50 crore IPO.
Solvex Edibles commenced trading at ₹68 on the BSE SME platform, 5.55 percent below its IPO price of ₹72, and subsequently hit the lower circuit at ₹64.60. The ₹19 crore IPO received just over 1 times subscription. Systematic Industries opened at ₹193.80, slightly below its offer price of ₹195, and traded at ₹192 by 11:06 a.m. This ₹116 crore IPO achieved close to 6x subscription.
Published on October 1, 2025.
