Market Buzz: 8 new IPOs and 7 listings lined up for next week
The primary market is set to witness significant activity next week, starting from March 4, with the launch of eight initial public offerings (IPOs)
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The primary market is set to witness significant activity next week, starting from March 4, with the launch of eight initial public offerings (IPOs) and the listing of seven companies on the stock exchanges.
Collectively, these eight IPOs are expected to raise a total of Rs 1,483.2 crore.
Here's a glimpse at some of the key IPOs and listings scheduled for next week:
IPO Launches:
RK Swamy:
RK Swamy, a data-driven integrated marketing services provider, is leading the charge with an IPO worth Rs 423.56 crore, commencing on March 4.
The IPO includes a mix of fresh shares and an offer-for-sale (OFS), with the price band set at Rs 270-288 per share.
JG Chemicals:
Zinc oxide manufacturer JG Chemicals will open its IPO worth Rs 251.2 crore on March 5, with a price band of Rs 210-221 per share.
Gopal Snacks:
Rajkot-based snack maker Gopal Snacks will launch its IPO on March 6, aiming to raise Rs 650 crore through an offer-for-sale (OFS) by existing shareholders.
V R Infraspace:
V R Infraspace, a Gujarat-based real estate developer, will kick off its IPO from the SME segment on March 4, with a price of Rs 85 per share.
Sona Machinery:
Uttar Pradesh-based agricultural machinery manufacturer Sona Machinery's IPO will open on March 5, with the company looking to mobilize Rs 51.82 crore through a fresh issue.
Shree Karni Fabcom:
Gujarat-based fabric producer Shree Karni Fabcom will launch its IPO worth Rs 42.5 crore on March 6, with a price band of Rs 220-227 per share.
Koura Fine Diamond Jewelry:
Ahmedabad-based jewelry wholesaler Koura Fine Diamond Jewelry will open its IPO on March 6, priced at Rs 55 per share.
Pune E-Stock Broking:
Lastly, Pune E-Stock Broking will kick off its IPO on March 7, aiming to raise Rs 38.23 crore through the public issue.
Listings:
Platinum Industries and Exicom Tele-Systems will list their equity shares on March 5, following successful IPOs that raised Rs 235.32 crore and Rs 429 crore, respectively.
Bharat Highways Infrastructure Investment Trust is set to list its units on March 6 after raising Rs 2,500 crore through its public issue, while Mukka Proteins will list on March 7.
Additionally, in the SME segment, Owais Metal and Mineral Processing will list on March 4, Purv Flexipack on March 5, and MVK Agro Food Product on March 7.
These developments indicate a flurry of activity in the market, offering investors various opportunities to participate in new offerings and capitalize on potential listing gains.