7 is about to open new IPOs
From opening seven new IPOs next week, there are two mainboard issues while five are from SME segments. In the main projection, Crise will open his book on July 2, with a price band of Rs 233-245 per share, which is intended to increase Rs 860 crore. It is linked to travel food services, on July 3, with a huge issue of Rs 2,000 crore, making it the largest offer of the week. Both companies are listed on BSE and NSE.
SME In the segment, Vandan Foods, Mark Lower Fashions, Cedar Textile, Pushpa Zaveri and Silk Our Abroad will all open from June 30, and close by July 2.
Next List: Entrance to 19 stocks
Next week IPO lists will also be flooded – 19 companies are listed, including significant names such as HDB Financial Services, Kalpataru and Ellenbury Industrial Dysfunction. This is expected to attract significant attention to the market because of their scale and interests of investors.
The list also includes many SME players whose IPOs are closed this week, including Neetu Yoshi Ltd, Adcounty Media, Indogulf Cropsins, Valencia India, Pro FX Tech, S Alpha Tech and Moving Media Entertainment.
Investor’s point of view
Market analysts expect list-day action to be vibrant, especially SME. In the segment where the oversubscription rate is higher. However, the gray market premium varies widely and some IPOs list the flat in recent days, investors are advised to be selective and consider fundamentals on the hypa.
Promised to pack in the first week of July – opening seven IPOs and with about twenty lists, the IPO market remains firmly in the spotlight.
(Disclaimer: The recommendations, suggestions, opinions and views given by experts are their own. This does not represent the views of the economic time)
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