Primary Market Action: 10 IPOs Set to Create Buzz on Dalal Street This Week
There is always a new story written in the stock market, and this time the story is about IPOs. Primary Market Action This week is going to be very interesting for investors because 10 new IPOs are going to explode simultaneously on Dalal Street. That is, whether you are a retail investor or a seasoned trader, this week is bringing some exciting opportunity for everyone.
Primary Market Action Brings 10 IPOs This Week
Despite the holiday-shortened trading week, activity on Dalal Street will remain quite hot. Starting from 25 August to 29 August, a total of 10 IPOs worth Rs 1,240 crore are going to come in the market. In between this, 8 new companies will be available for trading, which will prepare a fresh lineup for investors.
The most focus will be on two big mainboard IPOs – Vikran Engineering and Anlon Healthcare, which combined will raise Rs 893 crore. Both will open for public subscription from 26 August and close on 29 August.
Vikran Engineering and Anlon Healthcare IPO Details
Vikran Engineering provides power transmission and water infrastructure services. This company plans to raise Rs 772 crore from its IPO. The price band has been fixed at Rs 92-97 per share. On the other hand, Anlon Healthcare is a pharma intermediates and active pharmaceutical ingredients manufacturer which will mobilise Rs 121 crore. Its price band is Rs 86-91 per share. The launch of both IPOs will bring a new energy to the market.
SME Segment to Witness Major Primary Market Action
Next week’s real action is going to happen in the SME segment. A total of 8 IPOs are being launched on the SME platform, which will give exposure to investors in different sectors.
First of all, NIS Management and Globtier Infotech will open their IPO on 25 August. NIS Management, which provides security and facility management services, will raise Rs 60 crore, whose price band is Rs 105-111 per share. On the other hand, Globtier Infotech is an IT solutions company which will raise Rs 31 crore in a fixed price issue at Rs 72 per share.
More SME IPOs to Hit the Market
After this, two more IPOs will open on 26 August – Sattva Engineering Construction and Current Infraprojects. Sattva Engineering specializes in water and wastewater management solutions and will raise Rs 35.4 crore at Rs 70-75 per share. Current Infraprojects which is an EPC company will target Rs 41.8 crore with a price band of Rs 76-80 per share.
Another interesting IPO will be of Oval Projects Engineering, which is involved in upstream, midstream and downstream activities of the oil & gas sector. It will be open from 28 August to 1 September and will raise Rs 46.74 crore at a price band of Rs 80-85 per share.
Three More IPOs to Close the Week
On 29 August, the last trading day of the week, three new IPOs will open – Sugs Lloyd, Abril Paper Tech and Snehaa Organics.
Sugs Lloyd, a power infrastructure services provider, will raise Rs 85.66 crore at Rs 117-123 per share. Abril Paper Tech has a target of Rs 13.42 crore at Rs 61 per share. Snehaa Organics, which operates in the solvent recovery and recycling sector, will raise Rs 32.68 crore and has a price band of Rs 115-122 per share.
Meanwhile, investors will have to remember that the stock market will remain closed on 27 August due to Ganesh Chaturthi.
IPO Listings to Watch in Primary Market Action
Along with IPO subscription, there is also a different excitement of listings. Next week, 5 companies will be listed on the mainboard. Patel Retail, Vikram Solar, Gem Aromatics and Shreeji Shipping Global will debut on the bourses on 26 August. After that Mangal Electrical Industries will be listed on 28 August.
In terms of grey market premium, Patel Retail, Vikram Solar, Shreeji Shipping Global and Gem Aromatics are trading at 9-20 percent premium, while Mangal Electrical’s response is slightly muted.
Activity will also remain quite strong in the SME segment. Studio LSD will list on 25 August, LGT Business Connextions on 26 August, and ARC Insulation & Insulators will debut its listing on 29 August.
What Investors Can Expect from Primary Market Action
This week’s primary market action clearly shows that the IPO market is moving with a fresh momentum. This is a golden opportunity for retail investors to add new sectors to their portfolio. Be it healthcare, power infrastructure or IT solutions – new investment opportunities will be available in every segment.
According to market analysts, looking at the grey market premium and subscription demand, it seems that investors will remain quite active. But every IPO has its own balance of risk and reward, hence proper research and analysis is necessary before investment.
Disclaimer:
This article is for informational purposes only. You should take your independent financial advice based on the IPO details and market updates given in it. Investment decisions should always be taken after your risk appetite and professional consultation.
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