Maxwell Boyer
Upcoming IPO Action to Capture Eyes Despite Market Lull
As the year draws to a close, excitement continues to brew in the primary market. Starting December 30, investors can anticipate four new IPOs opening for public subscription, alongside the scheduled listing of six companies on the stock exchanges. Despite a seemingly muted equity market environment, this year has seen an unparalleled surge with 335 companies making their debut, setting a historic fundraising record of nearly Rs 1.72 lakh crore.
One Mainboard and Three SME IPOs Headline the Week
Kicking off this action-packed week, Indo Farm Equipment will be the sole mainboard IPO, launching on December 31. The company aims to secure Rs 260 crore from the public through a fresh issuance complemented by a significant offer-for-sale. Investors can participate at a set price range of Rs 204-215 until the offer closes on January 2.
For the small and medium enterprises (SME) segment, Technichem Organics begins its stride with a Rs 25.25-crore offering starting December 31. This will be followed by Leo Dry Fruits and Spices Trading, which will ring in the new year with its IPO of Rs 25.1 crore beginning January 1.
New Entrants in Market Listings
Six companies are set to list, with Ventive Hospitality, Senores Pharmaceuticals, and Carraro India debuting on December 30. Unimech Aerospace, trading at a hefty premium in the grey market, will conclude this parade of listings on December 31.
Investors and market watchdogs are keenly watching as companies across diverse sectors continue to fuel record-breaking primary market activity.
Intriguing IPOs Promise Excitement Amidst Market Challenges
As 2023 draws to a close, the IPO landscape remains unusually vibrant despite the subdued overall equity market condition. A surge in IPO activity is on the horizon, with four new IPOs poised to open for public subscription starting December 30. This year has witnessed an unprecedented benchmark, with 335 companies making their debut, setting a record fundraising achievement of nearly Rs 1.72 lakh crore.
Insights Into Upcoming Mainboard and SME IPOs
Indo Farm Equipment: A Mainboard Highlight
Indo Farm Equipment is set to capture investor attention with its mainboard IPO launching on December 31. The company plans to raise Rs 260 crore, consisting of fresh issuance alongside a significant offer-for-sale. The set price range is Rs 204-215, providing investors with a timely opportunity until the offer closes on January 2.
SME IPOs Set to Drive Growth
The SME segment will also see notable action beginning December 31, with Technichem Organics kicking off with a Rs 25.25-crore offering. As the new year dawns, investors can look forward to Leo Dry Fruits and Spices Trading’s IPO amounting to Rs 25.1 crore starting January 1.
Anticipated Market Listings: New Entrants
A total of six companies are primed for market listing, with December 30 marking pivotal debuts for Ventive Hospitality, Senores Pharmaceuticals, and Carraro India. Unimech Aerospace, already drawing attention with a strong grey market premium, will conclude this series of listings on December 31.
Market Analysis and Anticipations
Despite the broader market lull, the primary market is thriving, driven by diversification across various sectors. This wave of IPOs may not only be seen as an investment opportunity but also as a resurgence indicator for market vitality. Analysts expect continued interest from both retail and institutional investors as companies leverage public capital to fuel their expansion strategies.
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