IPO

IPO activity remains muted this week, with only one SME issue open for subscription. Eleven companies are set to list, marking a shift from just three new listings last week.

Company is one of the regional healthcare companies located in the central region of state of Gujarat and operate a chain of midsized multispeciality hospitals, providing integrated healthcare services, with a focus on secondary and tertiary care. Company on a consolidated basis, operate seven (07) multispeciality hospitals and four (04) pharmacies operating within its Hospitals, Gujarat Kidney and Superspeciality Hospital (Vadodara), Gujarat Multispeciality Hospital (Godhra), Raj Palmland Hospital Private Limited (Bharuch), M/s. Surya...

The primary market will be busy this week with eleven new issues, including ten from the SME segment. Four companies are also set to list on the exchanges, following eleven debuts last week.

IPO Note

Issue Snapshot: Issue Open: December 16 - December 18, 2025 Price Band: Rs. 365-384/share *Issue Size: Up to Rs 710 crore (Fresh issue of upto Rs 420 crore + Offer for sale of upto Rs 290 crore) Reservation for: QIB atleast 50% eq sh Non-Institutional upto 15% eq sh ((including 1/3rd for applications between Rs.2 lakhs to Rs.10 lakhs)) Retail upto 35% eq sh Face Value: Rs 5 Bid size: - 39 eq. shares and in multiples thereof 100% Book built Issue IPO Note - KSH International Limited

Company is the third largest manufacturer of magnet winding wires in India in terms of production capacity in Fiscal 2025 .Company is also the largest exporter of magnet winding wires from India in terms of export revenues in Fiscal 2025. Company commenced its operations in 1981 by manufacturing magnet winding wires in Taloja, Raigad, in Maharashtra. Over the last four decades company have diversified its operations to include manufacturing various types of standard and specialized magnet...

IPO NOTE

The primary market will be busy this week with five new issues, including three from the SME segment. Ten companies are also set to list on the exchanges, following sixteen debuts last week.

KSH International Ltd (KSH) is the third largest manufacturer of magnet winding wires in terms of production capacity and the largest exporter of magnet winding wires in terms of export revenue in India as of FY25. The company's products include both a) specialized magnet winding wires (~70.1% of FY25 revenue) and b) standard magnet winding wires (~23.6% of FY25 revenue), which are critical components for capital goods such as transformers, motors, alternators & generators. These products are marketed and sold through the KSH' brand, which has developed strong brand recall and...

IPAMC prioritizes organic expansion by enhancing investment track records and amplifying reach via digital direct channels and distributor partnerships.

ICICI Prudential Asset Management Company Limited (ICICI Prudential AMC) is one of India’s largest and most diversified asset managers, promoted by ICICI Bank Limited (51%) and Prudential Corporation Holdings Limited (49%) through a joint venture formed in 1998.

IPO NOTE

IPO Note - Park Medi World Limited Park Medi World Limited is the second-largest private hospital chain in North India and the dominant player in Haryana, operating 14 NABH-accredited multi-super specialty hospitals with 3,250 beds as of September, 2025.

Company is the largest asset management company in India in terms of active mutual fund quarterly average assets under management (QAAUM) with a market share of 13.3% as of September 30, 2025. As of September 30, 2025, company's total mutual fund QAAUM was 10,147.6 billion. As of September 30, 2025, company was the largest asset management company in terms of Equity and Equity Oriented QAAUM with market share of 13.6% , Company's Equity Oriented Hybrid Schemes...

Company offer comprehensive dialysis care through its network of clinics from diagnosis to treatment and wellness programs including haemodialysis, home and mobile dialysis, supported by pharmacy. Company is India's largest dialysis service provider in terms of number of patients served, clinics, cities covered, treatments performed, revenue, and EBITDA (excluding other income) in Fiscal 2025, and it is 4.4 times the size of the next...

Company is the second largest private hospital chain in North India with an aggregate bed capacity of 3,000 beds, and the largest private hospital chain in terms of bed capacity in Haryana with 1,600 beds located in the state as of March 31, 2025. Company operate a network of 14 NABH accredited multi-super specialty hospitals under the Park' brand, of which eight hospitals are also NABL accredited, with eight hospitals in...

ICICI Prudential AMC is India's largest asset manager by active mutual fund QAAUM, commanding a 13.3% market share and 10,147.6 billion in mutual fund QAAUM as of September 30, 2025. The company leads across key growth categories, including Equity and Equity Oriented QAAUM (13.6% share) and Equity Oriented Hybrid schemes (25.8% share), and maintains the highest Individual Investor MAAUM in the industry at 6,610.3 billion. Supported by a growing Alternates platform (729.3 billion in QAAUM) and the highest operating profit share in FY2025, ICICI Prudential AMC leverages a 30-year...

IPO Note - Nephrocare Health Services Limited Nephrocare Health Services Ltd. (NHSL) is a dialysis services provider which offers comprehensive dialysis care through its network of clinics from diagnosis to treatment and wellness programs including haemodialysis, home and mobile dialysis, supported by pharmacy

Company is the largest D2C home and furnishings company in India in terms of revenue in Fiscal 2024. As of March 31, 2024, with just over nine years of operations, company are the fastest homegrown player in the home and furnishings market in India among organized peers to achieve a total income of more than 10,000 million (out of which 9,863.53 million is revenue from operations). Company's revenue from operations has grown at a CAGR of 24.87% from Fiscal 2022 to Fiscal 2024, which is...

IPO NOTE