Primary Market Schedule: Upcoming IPOs and Listings
Next week, the primary market is set to witness nine initial public offerings (IPOs) totaling approximately ₹11,000 crore. Three companies are scheduled for listing, despite a recent correction in equity markets.
Upcoming IPOs
- Waaree Energies IPO
- Open for Subscription: October 21
- Price Band: ₹1,427 – ₹1,503
- Total Size: ₹4,321 crore (comprising a fresh issue of ₹3,600 crore and an offer-for-sale (OFS) of ₹721.44 crore)
- Close: October 23
- Deepak Builders & Engineers India IPO
- Open for Subscription: October 21
- Price Band: ₹192 – ₹203
- Total Size: ₹260 crore (with a fresh issue of ₹217.21 crore and an OFS of ₹42.83 crore)
- Close: October 23
- Godavari Biorefineries IPO
- Open for Subscription: October 23
- Price Band: ₹334 – ₹352
- Total Size: ₹555 crore (including a fresh issue of ₹325 crore and an OFS of ₹229.75 crore)
- Close: October 25
- Afcons Infrastructure IPO
- Open for Subscription: October 25
- Total Size: ₹5,430 crore (targeting a fresh issue of ₹1,250 crore and an OFS of ₹4,180 crore)
- Price Band: To be announced on October 21
- Premium Plast IPO (SME Segment)
- Open for Subscription: October 21
- Price Band: ₹46 – ₹49
- Total Size: ₹26 crore (entirely a fresh issue)
- Close: October 23
- Danish Power IPO (SME Segment)
- Open for Subscription: October 22
- Price Band: ₹360 – ₹380
- Total Size: ₹197.90 crore (entirely a fresh issue)
- Close: October 24
- United Heat Transfer IPO (SME Segment)
- Open for Subscription: October 22
- Price Band: ₹56 – ₹59
- Total Size: ₹30 crore (entirely a fresh issue)
- Close: October 24
- OBSC Perfection IPO (SME Segment)
- Open for Subscription: October 22
- Price Band: ₹95 – ₹100
- Total Size: ₹66 crore (entirely a fresh issue)
- Close: October 24
- Usha Financial Services IPO (SME Segment)
- Open for Subscription: October 24
- Price Band: ₹160 – ₹168
- Total Size: ₹98.45 crore (entirely a fresh issue)
- Close: October 28
Upcoming Listings
- Hyundai Motor India: Expected to list on October 22 after a successful IPO of ₹27,870 crore.
- Lakshya Powertech: Set to start trading on the NSE Emerge on October 23.
- Freshara Agro Exports: Scheduled for listing on October 24.
Market Context
The benchmark indices have experienced a correction, with the Nifty 50 down 5.4% and the BSE Sensex down 5.9% from their record highs. However, experts view this as a short-term correction that is unlikely to affect long-term market sentiment. With ongoing stability in growth and a revival in capital expenditure (capex), a strong flow of IPOs is expected to continue.
Disclaimer: The information provided in this summary is for informational purposes only and does not constitute financial advice. Investing in IPOs and securities involves risks, including potential loss of principal. Readers are encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. The market conditions may change, and past performance is not indicative of future results.
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