Nov 7, 2022
By: bhakti.makwana@timesinternet.in
Credit: Investopedia
The primary market is now back in action with back-to-back three initial public offering (IPOs) opening this week -- Archean Chemicals Industries, Five Star Business Finance, Kaynes Technology India and Inox Green Energy.
Credit: Investopedia
These four companies collectively plan to raise ₹5,000 crore from the public this week, between November 7-14. Last week, Oct 31-Nov 5, witnessed four IPO launches, with two still ongoing.
Credit: Investopedia
The specialty chemicals company is set to open its ₹1,462 crore IPO on November 9, which will close on November 11. Its price band is fixed at ₹386-407 a share.
Credit: Investopedia
The Chennai-based NBFC is all set to launch its ₹1,960 crore IPO on November 9 and close on November 11. Its price band is set at ₹450-474 a share.
Credit: Investopedia
Mysore-based Kaynes Technology’s IPO worth ₹530 crore is all set to open on November 10 and close on November 14. The price band of the IPO set at ₹559-587 per share.
Credit: Investopedia
The wind power operator and subsidiary of Inox Wind will launch its IPO this week on November 11 and close on November 15. The price band of the IPO is set at ₹61-64 per share.
Credit: Investopedia
Meanwhile, two IPOs are still open for investor subscription -- Global Health, which operates hospitals under the brand name Medanta and Bikaji Foods International. Both the IPOs will close for subscription on Monday, November 7.
Credit: Investopedia
Despite macro factors weighing heavily on domestic indices, some of the recent IPO debuts on exchanges saw strong listing gains like that of Electronics Mart which listed at a 51 percent premium, and Harsha Engineers at a 36 percent premium.
Credit: Canva
Lately, the secondary markets have been under pressure tracking global markets after the US and other central banks hiked interest rates.
Credit: Canva