Two New IPOs Set to Launch Next Week; Six More Listings on the Horizon
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Synopsis
Mumbai, Jan 25 (NationPress) Two new initial public offerings (IPOs) are set to open for investors next week, featuring one from the mainboard and another from the SME segment. Dr Agarwal's Healthcare will lead the offerings.
Key Takeaways
- Two new IPOs opening next week.
- Dr Agarwal's Healthcare IPO targets Rs 3,027.26 crore.
- Price band set at Rs 382-402 per share.
- Investors can bid for a minimum of 35 shares.
- Strong IPO market activity noted this year.
Mumbai, Jan 25 (NationPress) Next week, investors will have the opportunity to participate in two new initial public offerings (IPOs) -- one from the mainboard and another from the SME segment.
Dr Agarwal's Healthcare is set to introduce its IPO in the mainline category starting January 29, remaining open until January 31.
This IPO aims to secure Rs 3,027.26 crore at the upper price band, which includes a fresh issue of 74.62 lakh equity shares and an offer for sale of 6.78 crore equity shares.
The price range for the shares has been established at Rs 382-402 each, with investors needing to bid for a minimum lot of 35 shares, amounting to Rs 14,070 at the highest price. Retail investors can apply for a maximum of 14 lots (490 shares), requiring an investment of Rs 1,96,980.
Shares allocation for Dr Agarwal’s Healthcare is anticipated to be finalised on February 3, with shares expected to be credited to demat accounts by February 4. The company's shares are provisionally scheduled to list on the BSE and NSE on February 5.
In addition, six companies are gearing up for their stock market entry in the forthcoming week. In the mainline segment, the allotment of Denta Water and Infra Solutions shares is expected on January 27, with listings likely on January 29 on both the BSE and NSE.
During the period from January 20 to January 24, several IPOs made their market debut, indicating strong investor enthusiasm.
The IPO market has been vibrant this year, with numerous public offerings creating excitement. Investors seem optimistic as new IPOs keep opening for subscription, according to a report from Pantomath Capital Advisors Private Limited.
The market's resilience, despite prior corrections, presents investors with promising opportunities.
“We anticipate a strong fundraising year, potentially surpassing Rs 2 lakh crore, as the primary market continues to gain momentum,” he added.
