Ipo Calendar: Market Slows Post-Jio Surge, But 13 New Listings Set to Debut

India’s primary market is witnessing a relatively subdued week, with only Vedant Poly Fabs set to launch a Rs 57 crore IPO, scheduled for subscription from November 2 to November 4. The price band for this offering has been set between Rs 88 and Rs 94 per share. The IPO consists of a fresh issue of approximately 54.26 lakh shares, valued around Rs 51.01 crore, alongside an offer for sale comprising 6.04 lakh shares worth Rs 5.67 crore. Retail investors will need to apply for a minimum of 2,400 shares, which means an investment of Rs 2,25,600 if they opt for the upper price band.

The grey market sentiment surrounding Vedant Poly Fabs appears cautious, given the smaller size and niche nature of the offering. In contrast, the marketplace is also focused on the impending listings of other firms such as Bombay Coated & Special Steels, which is set to debut on November 5. The ongoing IPO for Bombay Coated has generated significant interest, with a subscription rate of 3.98 times recorded as of October 30, indicating a robust appetite from both retail and institutional investors. This backdrop of mixed sentiments presents both opportunities and risks for stakeholders.

For Indian investors, the upcoming week is significant as it will not only showcase Vedant Poly Fabs’ performance but also gauge market sentiments with the anticipated listings of several other firms. The contrasting scales of these offerings may lead to a diverse range of investment actions across the market. Investors are advised to keep a close watch on how these new listings perform, especially in light of the high-profile Jio Platforms IPO that set a benchmark just last week.

Source: The Economic Times

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