IPO news: Primary market sluggish during New Year holidays, only one new IPO in the SME segment

News Topical, Digital Desk : Due to the New Year holidays, activity in the primary market is expected to be quite limited in the week beginning December 29. Investors will not see any new IPOs from the mainboard during this period, and only one new issue will be launched in the SME segment.

Modern Diagnostic's IPO in the SME segment

Gurugram-based diagnostic chain Modern Diagnostic & Research Centre is launching an IPO to raise around Rs 37 crore. The entire issue will be a fresh issue, with 40.99 lakh shares being issued. The company's valuation has been pegged at around Rs 136 crore and the issue price band has been fixed at Rs 85-90 per share. The IPO will open on December 31 and close on January 2. 

E to E Transportation Infrastructure's issue closes on January 2 The Rs 84 crore IPO of E to E Transportation Infrastructure, which provides system integration and engineering solutions to the railway sector, will close on January 2. The issue opened on December 26 at a price band of Rs 164-174. 

More action on the listing front The coming week is going to be relatively busy on the listing front. A total of 11 new companies are going to debut on the stock market, including Gujarat Kidney & Super Speciality from the mainboard. This Gujarat-based multi-specialty hospital chain will list on December 30th. The ₹251 crore issue closed on December 24th and received a 5.21-fold subscription. 

Several companies enter the SME segment. On December 30th, shares of Dachepalli Publishers will be available for trading on BSE SME, while shares of Shyam Dhani Industries, Sundrex Oil Company, and EPW India will be listed on NSE Emerge on the same day. Shyam Dhani Industries' shares saw a nearly 100% premium in the gray market, while Dachepalli Publishers and EPW India saw moderate premiums. The IPOs of Gujarat Kidney & Super Speciality and Sundrex Oil Company did not receive any significant premium in the gray market. 

More IPOs will be listed on December 31st. Dhara Rail Projects will debut on NSE Emerge on December 31st, while shares of Admach Systems, Nanta Tech, Bai Kakaji Polymers, and Apollo Techno Industries will begin trading on BSE SME on the same day. According to market sources, the IPO shares of Dhara Rail Projects and Apollo Techno Industries are trading at a premium of 14 per cent and 9 per cent in the grey market, while other companies have seen limited premium. 

Listing of E to E Transportation Infrastructure also next week Apart from this, the shares of E to E Transportation Infrastructure will also be listed on NSE Emerge on January 2. On the very first day of bidding on December 26, the shares of this IPO had registered a premium of around 83 per cent in the grey market. 

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