Dalal Street Set For A Flurry Of IPO Action This Week; 5 SME Public Offers To Go Live

The Indian stock market is gearing up for yet another week as six new initial public offerings (IPOs) are set to hit Dalal Street. With one mainboard and five small-medium enterprise IPOs, investors can anticipate a week packed with investment opportunities. Last week's IPO launches, including prominent entries such as Medi Assist Healthcare and Epack Durables, have set the stage for increased market activity.

Medi Assist Healthcare

Medi Assist Healthcare's public offering, which closed on January 18, witnessed an overwhelming response from investors. The IPO, with an offering of 16 times the available shares, is now slated for listing on January 23.

Epack Durables

Simultaneously, Epack Durables opened its IPO bidding on January 19, with the window closing on January 23. The book built issue, totaling Rs 640.05 crores, includes a fresh issue of Rs 400 crores and an offer for sale of Rs 240 crores. The IPO price band is set at Rs 218 to Rs 230 per share.

Next week, Dalal Street will see a diverse range of IPOs hitting the market. Here's a quick overview of the upcoming offerings.

Nova Agritech IPO: Opening for subscription on January 23 and closing on January 25, this book built issue is valued at Rs 143.81 crores. The price band is set at Rs 39 to Rs 41 per share.

EPACK Durable IPO: Bidding open since January 19 and closing on January 24, this Rs 640.05 crores book built issue has a price band of Rs 218 to Rs 230 per share.

Brisk Technovision IPO: Opening for subscription on January 23 and closing on January 25, this fixed-price issue of Rs 12.48 crores has a price set at Rs 156 per share.

Fonebook Retail IPO: Opening for subscription on January 24 and closing on January 29, this Rs 20.37 crores book built issue is entirely a fresh issue with a price band of Rs 66 to Rs 70 per share.

DelaPlex Limited IPO: Opening for subscription on January 24 and closing on January 29, this Rs 46.08 crores book built issue has a price band of Rs 186 to Rs 192 per share.

Megatherm Induction IPO: Opening for subscription on January 25 and closing on January 30, this Rs 53.91 crores book built issue has a price band of Rs 100 to Rs 108 per share.

Harshdeep Hortico Limited IPO: Opening for subscription on January 25 and closing on January 30, this Rs 19.09 crores book built issue has a price band of Rs 42 to Rs 45 per share.

Various financial institutions and advisory firms play crucial roles in managing these IPOs. Keynote Financial Services Ltd, Bajaj Capital Limited, Axis Capital Limited, Dam Capital Advisors Ltd, ICICI Securities Limited, Sun Capital Advisory Services (P) Ltd, Beeline Capital Advisors Pvt Ltd, Shreni Shares Limited, and Hem Securities Limited are among the prominent names associated with managing these offerings.

Investors are also keeping a close eye on new listings. Maxposure Limited IPO is set to be listed on NSE SME on January 23, 2024, following the finalization of allotment on Thursday, January 18, 2024. Simultaneously, Medi Assist Healthcare Services IPO will be listed on BSE and NSE on January 23, 2024, after the completion of allotment on the same date.

As Dalal Street braces for a flurry of IPO activity, investors are presented with a diverse array of options across sectors. From agriculture and technology to retail and healthcare, the upcoming offerings cater to a broad spectrum of investor preferences. With recent successes like Medi Assist Healthcare's robust subscription, the market is abuzz with anticipation, and eyes are set on the new opportunities the upcoming week will bring.