IPO Calendar: Five Companies Set to Raise Nearly Rs 1,600 Crore This Week After Recent Lull.

India’s primary market is set for an active week with a cumulative value of at least Rs 1,572 crore in IPOs, led by significant offerings from HD Fire Protect, Fusion CX, and Sahajanand Medical Technologies. These offerings will provide a mixture of fresh capital and offers for sale, appealing to various investor profiles. While three mainboard IPOs are slated to open, the only listing expected during this period is that of RK Fashion Accessories, which saw a subscription rate of 2.7 times.

The HD Fire Protect IPO will take place from October 13 to October 15, with a price band set between Rs 258-271 per share. This complete offer for sale does not benefit the company directly. Conversely, Fusion CX will have its IPO from October 14 to October 16, offering both fresh issuance and an offer for sale with a price range of Rs 275-289 per share. Sahajanand Medical Technologies will open its IPO from October 15 to 19, with details to be determined later. Both HD Fire Protect and Fusion CX are expected to receive keen interest from retail investors due to their substantial issue sizes.

The favourable sentiment surrounding these offerings, particularly for HD Fire Protect and Fusion CX, suggests that investor confidence is robust in the current market landscape. As interest focuses largely on these new issues, the limited activity in listings suggests that retail investors might seek to capitalize on potential growth in the upcoming weeks. Overall, the anticipation surrounding these IPOs signals a positive trend that could enhance market liquidity and attract further investment in the Indian equity space.

Source: The Economic Times

(Expert Note: This report was prepared by the Wealthova IPO team.)