The waiting period for investors participating in the primary segment of the share market is finally coming to an end, while due to the Diwali holidays, the IPO market experienced complete silence over the past two weeks, but market vibrancy is set to return strongly in the new business week starting after Chhath. Three prominent companies are entering the market with their public issues this week, preparing to raise a cumulative total of over 10000 crore rupees through these three offerings. Notably, two of these issues belong to the mainboard segment, while one is an SME IPO, providing investors with diverse and attractive investment options across different sectors.
Mahanadi Coalfields largest issue worth 9500 crore rupees
The biggest attraction and highlight among the public issues debuting next week is the IPO of Mahanadi Coalfields, a subsidiary of Coal India. The issue of this premier Coal India subsidiary will open for subscription on November 19, allowing investors to place their bids until November 23. The company aims to raise approximately 9500 crore rupees from the capital market through this massive public offering. It's crucial for investors to note that this IPO is entirely based on an Offer for Sale framework. Under this mechanism, promoter company Coal India will offload 66 crore 18 lakh equity shares, representing a 10 percent stake of the total paid-up equity capital of Mahanadi Coalfields. Since the entire issue is an OFS, all proceeds generated from the IPO, after deducting necessary issue expenses, will be directly credited to the account of Coal India, while consequently, Mahanadi Coalfields won't receive any direct cash proceeds from this public offering.
Crystal Crop Protection IPO to open on November 18
At the beginning of the week, the IPO of Crystal Crop Protection Limited will open first for subscription. Backed strongly by the International Finance Corporation, this company's issue will open for investment on November 18. Headquartered in New Delhi, this reputed enterprise provides comprehensive crop protection solutions alongside quality seeds to farmers across the nation. The company has fixed a price band of 259 rupees to 272 rupees per share for its public issue. Based on the upper price band, the total valuation of the company stands at approximately 4438 crore 10 lakh rupees. The company intends to raise a total of 455 crore 70 lakh rupees through this issue, which includes a fresh issue of new shares worth 355 crore rupees. Also, promoter Ankur Agarwal will sell 37 lakh 2 thousand equity shares through the Offer for Sale route, valued aggregately at 100 crore 70 lakh rupees. The company carried an outstanding debt of 962 crore 60 lakh rupees as of August 2026, and 270 crore rupees from the IPO proceeds will be specifically utilized to fully repay this debt, while the remaining funds will support general corporate requirements.
Watrana Rentals to raise 120 crore rupees in SME segment
Aside from the mainboard segment, the SME IPO of Watrana Rentals is scheduled to open on November 19 as well. Based in New Delhi, this company specializes in providing material handling equipment to various industries. The firm has established a price band ranging from 232 rupees to 245 rupees per share for its public issue. In accordance with the upper price band parameters, the company aims to mobilize 120 crore rupees from the market through this offering. The entire issue comprises fresh shares, with a total of 49 lakh 2 thousand equity shares being issued. Out of the total funds raised, the company will allocate 98 crore 12 lakh rupees directly toward the procurement of material handling equipment, aerial work platforms, and batteries. The remaining balance will be deployed toward fulfilling general corporate purposes and covering issue-related expenses, offering a balanced opportunity for market participants.