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In September, 12 IPOs were launched in the mainboard segment and 40 in the SME segment. After this, the equity market has also improved when the October series started. Due to this, the primary market has also gained momentum. But, in the week starting from October 7, only two companies will bring IPOs.

Upcoming IPO: Nifty 5 fell nearly 5% from its record high in the October series so far. The reason for this is tension in the Middle East, rising oil prices and overvaluation. Apart from this, there is also a fear of money flowing between India and China due to increasing threats from China in September.

According to experts, sentiments may remain low in the short term. But they are hopeful of India's growth rate for medium to long term perspective. They recommend buying such big declines to gain benefits in the long term. Bearish environment Vinod Nair, Head of Research, Geojit Financial Services, said, "A bearish environment prevails, as investors are keeping an eye on the increasing fighting in the Middle East and have sold while adopting a recovery strategy. The market may fall amid rising crude oil prices and fund flow to cheaper markets like China." According to experts, despite short-term volatility, given the expectation of strong growth in the Indian economy, the growth of IPOs in India will continue in the medium to long term. Many initiatives will be taken by the government to maintain this growth. But he advised to focus on quality IPOs, which also includes IPOs of the MSE sector. 100 times subscription is not a big deal Green Portfolio founder Divyam Sharma said, "Strong perception of investors is being seen in the public issue market. The trend for IPOs has now become so excited that 100 times subscription is not a big deal. We think that bumper demand for IPOs will continue." According to Vipul Bhowar, Senior Director, Listed Investors at Waterfield Advisors, it is important to keep in mind that not all SMEs are the same. "This market includes companies with strong growth potential and others that may pose a risk to investors due to financial instability. Therefore, a balanced and careful approach is needed while doing SME evaluation in case of IPO." Will raise Rs 365.5 crore In the primary market, one IPO each will be launched from the mainboard and SME blocks, while a total of Rs 365.5 crore will be raised from both the IPOs. The Rs 264 crore IPO from the mainboard segment will open for subscription on October 8, with a price band of Rs 92-95 per share. The Mumbai-based EPC company will raise Rs 173.85 crore through new issues. It intends to raise Rs 90.25 crore through an offer for sale at the top price band. The issue will close on October 10. The company's originator PKH Ventures will sell 95 lakh shares in this sale offer. Maiden public issue The hydrocarbon-based chemical supplier company will also launch its maiden public issue of Rs 101.35 crore on October 8, which will close on October 10. The price band for the book-built issue has been fixed at Rs 158-166 per share. The only IPO of the SME block next week will be entirely a fresh issue of 61.05 lakh equity shares of the company. 

 

The IPO will close next week

 

Reputation Global Ventures, an exporter and re-packager of a variety of FMCG products, will close its Rs 18.3 crore SME public issue on October 8. It is a fixed-price issue with an offer price of Rs 99 per share. It was subscribed 2.7 times on its first day on October 4.

Listing next week
All the six companies to be listed in the coming week are from the SME segment. HVX Technologies and Saaj Hotels will be listed on NSE Emerge from October 7, while Subam Papers will be listed on BSE SME and Paramount Dye Tech on NSE Emerge on October 8.

Besides, trading of shares of Neopolitan Pizza & Foods will begin on BSE SME from October 9, and trading of shares of Khyati Global Ventures will begin on October 11.

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