IPO calendar next week: 2 new issues, 8 listings to keep primary market vibrant even amid elections
elections, the primary market continues to remain vibrant with the public offer of Awfis Space Solutions set to open next week. Apart from the sole mainboard IPO, one other SME issue of GSM Foils will be launched on May 24.
Apart from the new issues, D-Street will see as many as 8 listings including that of the Go Digit General Insurance, which opened for subscription in the week gone by and generated significant enthusiasm among investors, reflecting the broader positive market sentiment.
«Looking ahead, the market is set to welcome several more IPOs, with expectations running high for their success,» said Mahavir Lunawat, MD, Pantomath Capital.
Here's what's on the IPO table next week
The IPO of office sharing startup Awfis Space Solutions is set to open for subscription on May 22. The company has fixed a price band of Rs 364-383 per share.
The issue will close on May 27, with the anchor book opening on May 21. The firm is anticipated to list on stock exchanges on May 30.
The total size of the offering will be Rs 576 to Rs 599 crore. At the upper end of the price band, the company is valued at Rs 2,659 crore.
The IPO of Awfis Space Solutions includes a fresh share sale of Rs 128 crore and an offer-for-sale (OFS) of up to 1,22,95,699 equity shares amounting to Rs 490.72 crore.
Peak XV Partners will now sell up to 6.6 million shares, while Bisque, a unit of ChrysCapital, will sell 5.6 million shares. Real estate investment trust, Link Investment Trust, will sell 85,201 shares.
About 75% of the offering is
