Key Highlights of IPOs This Week
- Four mainboard IPOs are set to open this week, collectively aiming to raise over Rs 2,400 crore.
- Notable IPOs include Sai Silks Kalamandir, Signature Global, and Manoj Vaibhav Gems ‘N’ Jewellers.
- Indian investors have the opportunity to diversify their portfolios across sectors like real estate, jewellery, and affordable housing.
- These IPOs offer a chance to align investments with financial goals and contribute to the nation’s economic growth.
In the bustling realm of India’s financial markets, the primary market is brimming with anticipation as four mainboard IPOs, along with six SMEs, aim to collectively raise over Rs 2,400 crore.
IPOs Opening This Week
Let’s take an in-depth look at each of these IPOs in the mainboard segment, along with their scheduled dates:
1. Yatra Online (Corporate Travel Company)
- Date Schedule: September 15 to September 20, 2023
- Fundraising Target: Rs 775 crore
- Lot Size: 105 shares
- Investment Amount: Rs 14,910
Key Details: The public offer of leading corporate travel company Yatra Online seeks investors’ interest.
2. Sai Silks Kalamandir (Ethnic Apparel Retailer)
- Date Schedule: September 20 to September 22, 2023
- Fundraising Target: Rs 1,201 crore
- Price Band: Rs 210-222 per share
- Lot Size: 67 Shares
- Investment Amount: Rs 14,874Â
- Offering: Fresh shares worth Rs 600 crore and an offer-for-sale (OFS) of 2.7 crore equity shares by the promoter group.
Key Details: Sai Silks Kalamandir, a Telangana-based ethnic apparel retailer, aspires to secure substantial capital through its IPO.
3. Signature Global (Real Estate Developer)
- Date Schedule: September 20 to September 22, 2023
- Fundraising Target: Rs 730 crore
- Price Band: Rs 366-385 per share
- Lot Size: 38 shares
- Investment Amount: Rs 14,630
- Offering: Fresh-issue shares worth Rs 603 crore and an OFS of Rs 127 crore from the International Finance Corporation.
Key Details: Signature Global, a real estate developer in Delhi NCR, marks its IPO debut with a focus on affordable housing.
4. Manoj Vaibhav Gems ‘N’ Jewellers
- Date Schedule: September 22 to September 26, 2023
- Fundraising Target: Rs 270.20 crore
- Price Band: Rs 204-215 per share
- Offering: A fresh issue of Rs 210 crore and an OFS of 28 lakh shares worth Rs 60.2 crore by promoter Grandhi Bharata Mallika Ratna Kumari (HUF).
Key Details: This Andhra Pradesh-based jewellery retailer aims to captivate investors with its IPO.
IPOs Closing Today
Samhi Hotels (Hotel Chain)
- Date Schedule: September 14 to September 18, 2023
- Fundraising Target: Rs 1,370.1 crore
Key Details: Privately held Samhi Hotels, backed by marquee investors Equity International, ACIC Mauritius, and Goldman Sachs, completes its IPO journey.
Zaggle Prepaid Ocean Services (Business Spend Management Platform)
- Date Schedule: September 14 to September 18, 2023
- Fundraising Target: Rs 563.38 crore
Key Details: Zaggle Prepaid Ocean Services, a business spend management platform provider, wraps up its IPO bidding phase.
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Opportunities for Indian Investors
These four mainboard IPOs present a multitude of opportunities for Indian investors. Beyond diversifying their investment portfolios, investors have the chance to support and participate in the growth of various sectors. From real estate development and jewellery retail to affordable housing, these IPOs offer a slice of different industries. Indian investors can leverage these opportunities to align their investments with their financial goals and contribute to the nation’s economic growth.
How Can You Invest
Look for an online trading platform that provides zero brokerage along with some features like access to technical indicators and financial tools that can help you choose the best IPO investments in 2023.
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Conclusion
In the dynamic world of India’s primary market, these four mainboard IPOs symbolise a burgeoning landscape of investment possibilities. As they take centre stage, they not only offer investors the chance to diversify their portfolios but also play a pivotal role in fostering economic development across various sectors. The impressive premiums seen in the grey market signal high market enthusiasm, suggesting that these IPOs are poised to make a significant impact. As we watch these IPOs unfold in the coming days, Indian investors have a unique opportunity to be part of the nation’s growth story while potentially reaping the rewards of their investments. Stay tuned for the latest updates on these dynamic offerings.
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.