The primary market is entering the first full week of May on a relatively quiet note, with limited fresh listings scheduled between May 4 and May 8. While investor interest in initial public offerings (IPOs) remains strong, this particular window is seeing a slowdown in mainboard activity, with only a handful of issues, in the SME segment, opening for subscription.
One of the key IPOs during this period is Value 360 Communications, which is set to open on May 4 and close on May 6. The company plans to raise around Rs 41.7 crore through its SME offering. The issue will be listed on the NSE SME platform and is expected to attract niche investor interest, particularly from those tracking smaller, high-growth communication and media firms.
Alongside this, the IPO of OnEMI Technology Solutions, the parent company of digital lending platform Kissht, remains open for subscription during this week. The issue, which opened on April 30, is scheduled to close on May 5. With an issue size of approximately Rs 925 crore and a price band of Rs 162 to Rs 171 per share, it stands out as the only notable mainboard IPO active during this period. Market participants are closely watching subscription trends and grey market premium (GMP) signals to gauge investor sentiment.
Despite the muted activity in this specific week, the broader IPO pipeline for May looks promising. Several companies are expected to hit the market in the coming weeks, indicating that the current lull may be temporary. Among the names being closely tracked is Bagmane Prime Office REIT, which is likely to open around the second week of May, although final dates are yet to be confirmed.
Additionally, a number of well-known companies across sectors such as logistics, hospitality, dairy, and home products are preparing for public listings. These include Shiprocket, Duroflex, Milky Mist, and Pride Hotels. While their exact timelines are still evolving, their potential entry into the market is expected to revive momentum in the primary segment.
Overall, the May 4–8 window reflects a brief pause rather than a slowdown in the IPO market. With a steady pipeline and improving market sentiment, investor focus is likely to shift quickly to upcoming larger issues in the weeks ahead.
