IPO Calendar: 2 new issues, 11 listings on investors' radar next week
Indian IPO market has witnessed a notable upswing recently, driven by strong market sentiments and robust macro environment. In the upcoming week, two companies are gearing up to launch their IPOs, one in the mainboard and the other in the SME segment.
In the mainboard segment, the public offer of Gala Precision Engineering will open for subscription next week, while Jeyyam Global Foods will unveil its IPO for investors in the SME space.
Apart from the two new issues, the Street will also see as many as 11 listings including the ones of Premier Energies and Ecos Mobility, whose IPOs received good response in the week gone by.
Analysts anticipate the primary market will remain vibrant for the remainder of the year due to favorable market conditions. The strong show of recently listed IPOs will likely boost the confidence among companies.
«This renewed optimism is prompting investors to look at opportunities in the primary market and driving promoters to raise funds through IPOs. Foreign investors also favour India's primary market for its potential for higher returns,» said Pantomath Capital Advisors.
Here's what's on the IPO table next week
Gala Precision Engineering IPO
Gala Precision Engineering's Rs 167 crore issue will open for subscription on September 2 and close on September 4. The company has announced a price band of Rs 503-529 for its public offer.
The IPO includes a fresh equity issue of 25.59 lakh shares and an offer for sale (OFS) of 6.16 lakh shares.
The proceeds from the fresh issue will
