The primary market is set for a busy week ahead with two new initial public offering (IPO) opening for subscription and eight companies getting listed on stock exchanges. This activity comes even as India grapples with ongoing elections.

Awfis Space Solutions, a leading provider of shared workspaces in India, is expected to be the biggest attraction. Their IPO aims to raise ₹599 crore and opens for subscription on Wednesday, May 22nd, closing on May 27th. The price band for Awfis shares is set between ₹364 and ₹383 per share.

Another company hitting the market next week is GSM Foils. They manufacture aluminum foil containers and lids. Their IPO, priced at ₹32 per share, opens for subscription on Friday, May 24th, and closes on May 28th.

This week also sees the listing of several companies that had successful IPOs earlier. Rulka Electricals and Veritaas Advertising will be listed on the NSE SME exchange on Tuesday, May 21st. Mandeep Auto Industries will also join them on the NSE SME exchange that day.

Following on Wednesday, May 22nd, is the expected listing of Indian Emulsifiers on the NSE SME exchange. This company manufactures speciality chemicals used in various industries.

The remaining three listings will take place on the main NSE exchange. These companies are:

  • ABS Marine Services IPO: Allotment for the IPO was finalized on Thursday, May 16, 2024. It is scheduled to be listed on the NSE SME on May 21, 2024.
  • Quest Laboratories IPO: Allotment for the IPO is expected to be finalized by Tuesday, May 21, 2024. It is set to be listed on NSE SME, with a tentative listing date of Thursday, May 23, 2024.
  • Indian Emulsifier IPO: The allotment was finalized on Friday, May 17, 2024. The IPO will be listed on the NSE SME, with a tentative listing date of Wednesday, May 22, 2024.

The busy week for IPOs comes despite the ongoing elections in India. Typically, elections can create uncertainty in the markets, leading companies to postpone their IPO plans. However, with the Indian economy showing signs of stability, it appears companies are confident about raising capital through IPOs even during this period.

Investors considering participating in these upcoming IPOs should carefully research the companies involved. Reading the IPO prospectus and financial statements is crucial to understand the company’s business model, financials, and potential risks. Consulting with a financial advisor can also be helpful for making informed investment decisions.

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Bhoi Smrutirekha Dharanidhar Marketing and Finance
Smrutirekah is a finance enthusiast with a background in financial planning. Her passion for money management drives her to share practical tips and insights on this blog, empowering readers to take control of their finances. With clear, actionable advice, she helps oth

By Bhoi Smrutirekha Dharanidhar

Smrutirekah is a finance enthusiast with a background in financial planning. Her passion for money management drives her to share practical tips and insights on this blog, empowering readers to take control of their finances. With clear, actionable advice, she helps oth

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