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News Topical, Digital Desk : New IPOs: Next week, two new IPOs are set to open on the stock market, with seven companies set to list. Typically, a large number of new IPOs creates a buzz in the market, but this time, limited new issues and numerous listings have confused market sentiment.
Excelsoft Technologies IPO
Excelsoft Technologies IPO is the largest issue on the mainboard, raising Rs 500 crore. This includes a fresh issue of Rs 180 crore and an offer for sale of Rs 320 crore. Its price band has been fixed at Rs 114 to 120, leaving retail investors confused as to whether it would be safe to enter at this price.
Gallard Steel IPO Similarly, Gallard Steel's SME IPO will also open between November 19 and 21, and its price band has been kept at Rs 142 to 150. According to experts, fewer new issues mean a lack of new opportunities in the market, which is putting pressure on investors' strategies.
New IPO Listing Although there are fewer new IPOs, there is a flood of listings. PhysicsWallah and Emmvee Photovoltaic are scheduled to list on November 18, which is likely to create a huge stir in the market. Tenneco Clean Air and Fujiyama Power Systems will debut on November 19th and 20th, while Capillary Technologies will list on November 21st. In the SME segment, Workmates Core2Cloud and Mahamaya Lifesciences are also scheduled to list on November 18th.
New IPO News: The simultaneous influx of so many listings is raising concerns among investors that the market could be under pressure, as high volatility is expected after each listing. On the other hand, the opening of only two IPOs has limited investors' options. This situation could pose a significant challenge for the market in the coming days, and that is why investors are closely monitoring each listing and subscription figures.
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