Five IPOs are set to make their debut on Dalal Street next week, despite the prevailing bearish sentiment.
Five new IPOs starting from January 13 . It may be a golden chance for investors to subscribe. This comes at a time when the bears are having a party at Dalal Street, with benchmark indices correcting by more than 2 percent last week.
The first IPO to open on January 13 will be Laxmi Dental, the only public issue from the mainboard segment. The dental products maker aims to raise Rs 698 crore through an initial share sale, consisting of fresh equity shares worth Rs 138 crore and an offer-for-sale of 1.3 crore shares worth Rs 560.06 crore.
The price band for the offer, closing on January 15, is set at Rs 407-428 per share. The company has already raised Rs 314.1 crore through an anchor book on January 10, a day before the IPO opens.
Following Laxmi Dental, four more IPOs from the SME segment will be launched. Ahmedabad-Kabra Jewels, a jewellery retailer, will open its Rs 40-crore public issue on January 15, with a price band of Rs 121-128 per share, closing on January 17.
Rikhav Securities, a Mumbai-based stockbroker, will also launch its Rs 89-crore IPO from January 15-17, with a price band of Rs 82-86 per share.
Landmark Immigration Consultants, offering global education consultancy for students studying overseas, will be the third SME to open its public issue on January 16, with a price band of Rs 70-72 per share. The company plans to raise Rs 40.32 crore through a fresh issue, closing on January 20.
EMA Partners India is set to launch its IPO next week, offering customized leadership hiring solutions. The company will debut on Dalal Street with a Rs 76-crore public issue on January 17, open until January 21.
The IPO, priced between Rs 117-124 per share, consists of fresh shares worth Rs 66.14 crore and an offer-for-sale of 7.96 lakh shares worth Rs 9.87 crore.
In addition to EMA Partners India, two other IPOs are closing next week. Sat Kartar Shopping, a Ayurveda healthcare company, will close its Rs 34-crore IPO on January 14 after being subscribed 4.5 times on the first day. Barflex Polyfilms, a manufacturer of COEX films, laminates, and labels, will also close its Rs 39-crore public issue on the same day after being booked 1.19 times on January 10.
Next week will also see eight companies making their debut on the bourses, including three from the mainboard segment. Standard Glass Lining Technology, Quadrant Future Tek, and Capital Infra Trust InvIT will be listed on January 13 and 14. Market observers have noted that shares of Standard Glass Lining Technology and Quadrant Future Tek were trading at around a 50% premium in the grey market.
From the SME segment, Indobell Insulation will debut on January 13, followed by BR Goyal Infrastructure, Delta Autocorp, and Avax Apparels and Ornaments on January 14. Sat Kartar Shopping will be the last to list on January 17.
For more market insights, follow our blog.
Stay tuned for more updates and insights on the stock market! For more insights on investing in the Indian stock market, check out resource like ET, NSE India.
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.