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The primary market is back in action with the improvement in the equity market sentiment, as investors will see five new IPOs (initial public offerings) in the coming week starting from April 28.

Ather Energy will be the first IPO from the mainboard segment after more than two months of silent period. The Bangalore-based electric vehicle maker will hit Dalal Street with Rs 2,981-crore public issue on April 28 with price band at Rs 304-321 per share. The issue will close on April 30.

Out of the total IPO size, the company already raised Rs 1,340 crore from several institutional investors via anchor book on April 25.

The next four IPOs opening next week will be from the SME segment with Iware Supplychain Services being the first amongst them. Logistics company Iware plans to raise Rs 27.13 crore via maiden public issue at a price of Rs 95 per share. It will open for public subscription during April 28-30.

The second issue will be Kenrik Industries opening on April 29 till May 6 which is the smallest IPO in size amongst them, raising Rs 8.75 crore at a price of Rs 25 per share.

The Rs 34-crore IPO of specialty dyes and intermediates maker Arunaya Organics will also open on April 29, with price band of Rs 55-58 per share. The final day for bidding will be May 2.

Wagons Learning will be the last public issue in the SME segment, opening next week on May 2 and closing May 6 with price band of Rs 78-82 per share. The corporate training, digital learning, and skill development solutions provider intends to raise Rs 38.4 crore via IPO.

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Meanwhile, Tankup Engineers will make its debut on the NSE Emerge on April 30, after its IPO receiving robust 125 times subscription last week.

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