As we step into the week starting September 11, 2023, the primary market is abuzz with anticipation. A robust momentum is building as five companies gear up to raise over Rs 4,000 crore through upcoming IPOs, while two listings eagerly await their debut. This article focuses exclusively on the main board IPOs and listings in the primary market.
Key Highlights of Upcoming IPOs in Indian Stock Market
- Five main board IPOs and two listings are set to take the spotlight in the primary market, targeting a combined fundraising of over Rs 4,000 crore.
- RR Kabel, SAMHI Hotels, Zaggle Prepaid Ocean Services, EMS, and Jupiter Life Line Hospitals headline the main board IPO lineup.
- Rishabh Instruments and Ratnaveer Precision Engineering will make their stock market debut alongside these IPOs.
- The main board IPOs offer diverse opportunities, from wire and cable products to fintech solutions, while listings like Rishabh Instruments and Ratnaveer Precision Engineering signify market optimism.
Mainboard IPOs: Launching into the Limelight
RR Kabel: Setting the Stage
The mainboard action kicks off with RR Kabel, a wire and cable products company, initiating its initial public issue on September 13. With a price band of Rs 983-1,035 per share, the company aims to raise Rs 1,964.01 crore. The offering includes fresh issues and an offer-for-sale (OFS) of equity shares.
SAMHI Hotels: A Private IPO Premiere
Privately held SAMHI Hotels enters the fray on September 14, with the IPO closing on September 18. It seeks to raise Rs 1,200 crore, combining fresh shares and an offer-for-sale by major shareholders.
Zaggle Prepaid Ocean Services: Riding the Fintech Wave
From September 14 to 18, Zaggle Prepaid Ocean Services, a fintech-SaaS company, welcomes bids. While the exact price band remains undisclosed, the total issue size is estimated at Rs 563.38 crore, making it a compelling opportunity.
EMS: Tackling Sewerage Challenges
Closing on September 12, sewerage solutions company EMS offers its IPO at a price band of Rs 200-211 per share. The overwhelming response on the first day of bidding highlights the significance of its services.
Jupiter Life Line Hospitals: NSE Collaboration
Mumbai-based hospital chain Jupiter Life Line Hospitals collaborates with NSE to finalise the IPO share allotment by September 13, promising a positive addition to the healthcare sector.
Listings: A Grand Entrance
Rishabh Instruments: Testing the Waters
Rishabh Instruments, a test and measuring instruments maker, debuts on September 11 after closing its issue last week with a remarkable 31.65 times subscription rate.
Ratnaveer Precision Engineering: Precision in Steel
Stainless steel-based products manufacturer Ratnaveer Precision Engineering surprises with an earlier listing on September 11, drawing substantial attention with a 94 times subscription rate in its public issue.
Impact of the Upcoming IPOs on the Indian Stock Market
The influx of mainboard IPOs and new listings signifies a surge in investor interest and capital inflow into the Indian stock market. These offerings span a wide range of sectors, reflecting the diverse growth potential of Indian companies. As these companies access the market for expansion and development, it not only boosts their growth prospects but also injects vitality into the stock market. Investor sentiment is expected to remain positive, fostering a dynamic and evolving landscape for both businesses and investors alike.
How Can You Take Part in these Mainboard IPOs
In order to invest in these upcoming IPOs, you must look for a zero brokerage online trading platform that offers complete lists of open and upcoming IPOs, additional technical tools and features like a free demat account to kickstart your IPO investment journey smartly.
Amid the primary market’s bustling activity, these mainboard IPOs and listings are poised to make waves. Stay tuned for more updates on their progress and their impact on the financial landscape.
Source – moneycontrol.com
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Disclaimer: Investments in the securities market are subject to market risks; read all the related documents carefully before investing.