Tue Nov 05 04:00:00 UTC 2024: ## IPO Boom on Dalal Street: Swiggy Leads the Charge

**Mumbai, India:** The Indian stock market is set to witness a flurry of IPO activity beginning next week, with four mainboard IPOs scheduled to launch, including the highly anticipated Swiggy IPO.

Despite a challenging October marked by a significant sell-off in the Indian stock market due to foreign institutional investor outflows and disappointing earnings, the primary market remains buoyant, with six mainboard IPOs launched last month.

Next week’s IPO lineup includes:

* **Swiggy IPO:** The food delivery giant’s IPO is set to open on November 6th, seeking to raise ₹11,327.43 crore. The price band is set at ₹371 to ₹390 per share.
* **Sagility India IPO:** The healthcare services company will open its IPO on November 5th, aiming to raise ₹2,106.60 crore. The price band is set at ₹28 to ₹30 per share.
* **ACME Solar Holdings IPO:** This solar energy company will launch its IPO on November 6th, looking to raise ₹2,900 crore. The price band is set at ₹275 to ₹289 per share.
* **Niva Bupa Health Insurance IPO:** The health insurance provider’s IPO will open on November 7th, aiming to raise ₹2,200 crore. The price bands are yet to be announced.

In the SME segment, **Neelam Linens and Garments IPO** will open on November 8th, aiming to raise ₹13 crore.

**Afcons Infrastructure Ltd.**, an engineering and construction company owned by the Shapoorji Pallonji Group, will also make its stock market debut on November 4th.

Market experts predict Afcons Infrastructure’s listing to be flat or at a discount, based on current grey market premium trends.

This wave of IPO activity signals a renewed optimism in the Indian market, despite recent market volatility. It remains to be seen how these IPOs will perform and whether they can attract investor interest in the coming weeks.

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