This Week's IPOs: A Busy Schedule for Investors
Overview of Upcoming IPOs
Upcoming IPOs This Week: The primary market is preparing for a bustling week ahead, with a series of initial public offerings (IPOs) ready for investors. Seven new issues are set to open for subscription, covering both mainboard and SME segments, despite cautious market sentiment due to global uncertainties. Notably, three mainboard IPOs—Amir Chand Jagdish Kumar (Exports), Powerica, and Sai Parenteral—are projected to raise approximately Rs 1,950 crore, marking them as the key highlights of the upcoming week.
The Amir Chand Jagdish Kumar (Exports) IPO is scheduled to open on March 24 and will close on March 27. This Rs 440 crore offering is entirely new, with a price range set between Rs 201 and Rs 212 per share. Powerica's IPO, also launching on March 24, is the largest among the upcoming offerings, totaling Rs 1,100 crore. It consists of both a fresh issue and an offer for sale, with shares priced between Rs 375 and Rs 395.
Additionally, the Sai Parenteral IPO will be available during the same timeframe, aiming to raise Rs 408.79 crore through a combination of fresh issue and offer for sale, with a price band established at Rs 372 to Rs 392 per share.
SME IPOs Contributing to Market Activity
In the SME segment, several smaller IPOs are expected to draw investor interest. The Tipco Engineering India IPO will open on March 23 and close on March 25, with a price range of Rs 84 to Rs 89 per share. The Highness Microelectronics IPO will be available for subscription from March 24 to March 27, priced between Rs 114 and Rs 120 per share. Meanwhile, the Vivid Electromech IPO is set to open on March 25 and close on March 30, with a price band of Rs 528 to Rs 555 per share.
Another offering, the Emiac Technologies IPO, will open on March 27 and remain available until April 8, although the price band for this issue has yet to be announced.
New IPO Listings to Enter the Market
In addition to new issues, the market will witness the listings of recently closed IPOs. The Innovision IPO is set to debut on March 23, followed by the GSP Crop Science IPO on March 24. The Novus Loyalty IPO is scheduled to list on March 25 within the SME segment.
With numerous IPOs opening and listings on the horizon, the upcoming week is anticipated to keep primary market investors actively involved. However, ongoing global developments and market fluctuations may impact subscription trends and investor engagement.