Exciting Developments in the Primary Market: 2IPOs poised to debut on Dalal Street, with an additional six listings planned for the upcoming week.
2 IPOs: Despite bearish sentiment and volatility in the secondary market, the primary market remains active with two new initial public offerings set for subscription next week starting from January 27.
One of the highly anticipated IPOs is from Dr. Agarwals Health Care, the parent company of the listed Dr. Agarwals Eye Hospital. This IPO is scheduled to hit Dalal Street on January 29 with a price band of Rs 382-402 per share. The initial share sale from the mainboard segment includes a fresh issuance of equity shares worth Rs 300 crore and an offer-for-sale of 6.78 crore shares worth Rs 2,727.26 crore by promoters and investors such as Temasek Holdings and TPG. The offer is set to close on January 31.
The second IPO opening next week is from the SME segment, featuring plastic pipes maker Malpani Pipes and Fittings. The Rs 26-crore public issue will open on January 29 and close on January 30, with a price band of Rs 85-90 per share.
Upcoming IPO Closures and Listings
CLN Energy is set to close its Rs 72-crore IPO on January 27, with GB Logistics Commerce and HM Electro Mech public issues following suit on January 28.
The CLN Energy IPO has garnered 2.68 times subscription in the last two days, while GB Logistics Commerce and HM Electro Mech IPOs were fully booked at 5.44 times and 7.32 times, respectively, on their first day of bidding on January 24.
Listings for the Coming Week
A total of six companies are poised to make their debut on the stock exchanges next week, including Denta Water and Infra Solutions from the mainboard segment, scheduled for listing on January 29. Denta Water IPO shares have been trading at around a 40 percent premium over the upper price band (Rs 294 per share) in the grey market, according to market observers.
The remaining five companies set to list next week are from the SME segment. Capital Numbers Infotech will debut on the BSE SME on January 27, while trading in Rexpro Enterprises shares will commence on the NSE Emerge on January 29.
Additionally, investors can begin trading in CLN Energy shares on the BSE SME on January 30, and in GB Logistics Commerce and HM Electro Mech on January 31.
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Disclaimer: This blog post is for informational purposes only and should not be considered financial advice. Investors should conduct thorough research and consult with a qualified financial advisor before making any investment decisions.