Upcoming IPOs: There will be a lot of activity in the primary market of the country in the next week because IPOs of many big companies will be launched. In such a situation, investors investing through IPO will get many opportunities in the stock market next week. During this period many big and small companies will try their luck. There are three mainboard public issues and a long list of Small and Medium Enterprises (SME) offerings. Let’s take a look at this:-
mainboard segment
Next week, three big companies – Meesho, Aequs and Vidya Wires will be in focus as their IPO is going to open for subscription on Wednesday, December 3. For this, bidding can be done till Friday, December 5, due to which the trading environment will remain intact throughout the week.
Meesho IPO
Meesho IPO backed by global investors will open for subscription next week. The company aims to raise Rs 5,421.2 crore through new shares and offer for sale (OFS), in which existing shareholders will sell some part of their stake. Its price band has been fixed between Rs 105-111 per share. Meesho’s shares are expected to be listed on the stock exchange on December 10 after the share allotment process to be held on December 8.
Aequs IPO
Equus is also coming with its public offer on 3rd December. It is a diversified contract manufacturer, which is planning to raise Rs 921.81 crore through a mix of fresh issue and OFS. Equus has fixed the price band for the IPO between Rs 118-124 per share. The company expects that the allotment will be finalized on December 8 and its market debut will be on December 10.
Vidya Wires
Vidya Wires, a winding and conductivity products company, will open its Rs 300 crore IPO on December 3. It has fixed the price range of Rs 48-52 per share, the allotment of which is expected to happen on December 8 and the listing on December 10. Like other issues, Vidya Wires is raising money through a mix of new shares and OFS.
Movement in SME segment also
Like the main board, the SME segment will also be active next week. Many issues will come in the market from Monday, December 1. During this period, IPOs of Astron Multigrain, Invicta Diagnostic, Speb Adhesive, Clear Secured Service and Ravelcare will open. The IPO of HelloG Holidays and Neochem Bio Solutions will be launched on Tuesday, December 2. After this, the issue of Luxury Time will open for subscription on 4th December.
These companies will be listed
Along with the new IPO, many companies will also be listed in the stock market in the coming weeks. SSMD Agrotech India will be listed on December 2, Mother Nutri Foods and KK Silk Mills on December 3. Whereas shares of Exato Technologies, Logical Solutions and Purple Wave Infocom will be listed on December 5. All these companies will be listed on BSE SME Exchange.
Disclaimer: (The information provided here is being given for information only. It is important to mention here that investment in the market is subject to market risks. Always take expert advice before investing money as an investor. ABPLive.com never advises anyone to invest money here.)
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