The Indian primary market is set for a busy week with 7 new Initial Public Offerings (IPOs) opening for subscription and 12 companies getting listed on the stock exchanges. This follows a strong week where over ₹6,000 crore was raised through 3 mainboard IPOs.
New IPOs on the Block
The most anticipated offering this week is the Go Digit General Insurance IPO, opening on May 15th. Backed by celebrities Virat Kohli and Anushka Sharma, the company aims to raise ₹2,614.65 crore through a mix of fresh issue and offer for sale.
Here’s a look at the other 6 IPOs opening this week:
- Veritaas Advertising (SME): This advertising company’s IPO opens today (May 13th) and closes on May 15th.
- Mandeep Auto Industries (SME): This auto parts manufacturer’s IPO, also opening today, closes on May 15th.
- Indian Emulsifier (SME): A manufacturer of specialty chemicals, their IPO opens today and closes on May 16th.
- Quest Laboratories (SME): This diagnostics company’s IPO opens on May 15th and closes on May 17th.
- Rulka Electricals (SME): An electrical equipment manufacturer, their IPO opens on May 16th and closes on May 18th.
- HOAC Foods India IPO (SME) :The food products company IPO opens today (May 16th) and closes on May 21th.
Companies Getting Listed
Apart from the new offerings, there’s a flurry of listing activity expected this week. Around 12 companies that had previously raised funds through IPOs are set to debut on the stock exchanges. This provides investors who participated in those IPOs a chance to trade their shares.
Investor Interest
The ongoing general elections haven’t dampened investor interest in the primary market. Robust domestic inflows, particularly from retail investors, are encouraging companies to launch IPOs. Analysts attribute this to a growing interest in equity markets.
What to Remember
Before subscribing to any IPO, it’s crucial to research the company thoroughly. This includes understanding its business model, financials, future prospects, and the risks involved. Consulting with a financial advisor is also recommended for personalized guidance.
Overall, this week promises to be action-packed for the Indian primary market. With new IPOs and listings, investors have a variety of options to consider. However, careful research and due diligence remain key before making any investment decisions.
