A tsunami of money is coming to the stock market, with 13 IPOs worth Rs 14,700 crore waiting at the door
Thirteen IPOs are hitting the stock market. Additionally, 11 new companies are set to list on the stock exchange. These 13 companies will raise over ₹14,700 crore through IPOs, including ₹14,338 crore in the mainboard segment.
The primary market will remain active in the current week, starting today, December 8th. Thirteen IPOs are hitting the stock market. Additionally, 11 new companies are going to be listed on the stock exchange.
These 13 companies will raise over ₹14,700 crore through IPOs, including ₹14,338 crore in the mainboard segment. Let us also tell you which IPOs are coming to the stock market in the second week of the month, as well as which companies will be making their stock market debuts alongside Meesho.
Manboard IPO
Bengaluru-based home and furnishings company Wakefit Innovations and pharmaceutical company Corona Remedies will be the first IPOs in the mainboard segment, opening their IPOs on December 8th with price bands of ₹185-195 per share and ₹1,008-1,062 per share, respectively.
Wakefit is raising ₹1,289 crore and Corona Remedies is raising ₹655.4 crore at the upper price band. Nephrocare Health Services and Park Medi World are also opening their IPOs for public subscription on December 10th with price bands of ₹438-460 per share and ₹154-162 per share, respectively.
NephroPlus, Asia's largest dialysis provider, is aiming to raise ₹871 crore through its public issue, and Park Hospital, a hospital chain operator in North India, is aiming to raise ₹920 crore.
The last IPO in the mainboard segment this week will be that of ICICI Prudential AMC, which is looking to raise ₹10,603 crore at the upper end of the price band of ₹2,061-₹2,165 per share. This is a pure OFS for Prudential.
SME IPO
The SME segment will also see activity, with eight initial public offerings (IPOs) worth ₹367 crore opening for subscription this week.
The first of these will be the IPOs of KV Toys India, Prodox Solutions, and Riddhi Display Equipments on December 8th, followed by the IPOs of Unicem Agritech and Shipwaves Online on December 10th. Additionally, the IPOs of Pageson Agro India and HRS Aluglaze will open on December 11th.
It will be followed by the Ashwini Container Movers IPO, which is the last one as per the current IPO schedule and will open on December 12. Five IPOs – Luxury Time, Western Overseas Study Abroad, MethodHub Software, Encompass Design India and Flywings Simulator Training Centre – which opened for subscription last week, are set to close this week.
These companies will debut in the stock market
In addition to the IPO launches, 11 new companies will be available for trading on the exchanges, including three from the mainboard segment – Meesho, Equus, and Vidya Wires.
All three will be listed on December 10. In the SME segment, Luxury Time and Western Overseas Study Abroad will debut on BSE SME on December 11, followed by MethodHub Software on December 12.
Encompass Design India and Flywings Simulator Training Center will also be listed on the National Stock Exchange on Friday, December 12.