The primary market is abuzz with activity as major IPO launches and listings take center stage. Highlighting key developments in the mainboard IPO landscape.
Key Highlights of the IPOs This Week
- Crop Life Science and Bondada Engineering to list shares on August 30.
- Four IPOs worth over Rs 500 crore are to open for subscription this week.
- Rishabh Instruments leads the mainboard segment with its maiden public issue.
- Vishnu Prakash R. Punglia’s infrastructure company’s IPO closes on August 28.
- Ratnaveer Precision Engineering’s anchor book launched on September 1.
- Pyramid Technoplast and Aeroflex Industries are to debut on August 30 and 31, respectively.
Primary Market Set for IPO Launches and Listings
As per the latest IPO news, the primary market is set to witness significant action, with notable IPO launches and upcoming listings.
Focus on Mainboard IPOs This Week
A series of four IPOs, collectively valued at more than Rs 500 crore, are poised to open for subscription this week. Leading the way is Rishabh Instruments from the mainboard segment, launching its inaugural public issue on August 30 and concluding on September 1.
Vishnu Prakash R Punglia’s Infrastructure IPO
The IPO of infrastructure company Vishnu Prakash R Punglia, which commenced on August 24, is scheduled to conclude on August 28. The offering has garnered impressive support, receiving a subscription rate of 10.63 times from diverse investor categories.
Ratnaveer Precision Engineering’s Anchor Book Unveiling
Stainless steel finished sheets maker Ratnaveer Precision Engineering is all set to launch its anchor book on September 1, ahead of its IPO. The company has allocated 50 percent of the offering to qualified institutional buyers, with a further 15 per cent reserved for high-net-worth individuals and the remaining 35 percent for retail investors.
Debut Listings from Pyramid Technoplast and Aeroflex Industries
Amidst the dynamic primary market, two prominent listings are on the horizon. Polymer-based molded products maker Pyramid Technoplast is slated to debut on August 30, followed by metallic flexible flow solution products manufacturer Aeroflex Industries on August 31. These companies have generated remarkable investor interest, with subscription rates of 18.29 times and 97.11 times their respective sizes.
How Can You Invest?
To invest in the upcoming IPOs this week, you can choose a zero-brokerage online trading platform from the best online brokers in India. Make sure you choose a platform that offers you some competitive features like a FREE Demat account, zero brokerage with no hidden charges, and some advanced tools to guide you through stock market investments.
Stay informed about the bustling mainboard IPO landscape, with major launches and listings making waves in the primary market. Exciting developments await as companies seize opportunities for growth and expansion.
Disclaimer: Investments in the securities market are subject to market risks; read all the related documents carefully before investing.