IPOs next week: 3 new public issues, 9 listings scheduled to keep primary market busy
₹901 crores. Meanwhile, three companies got listed during the week R K SWAMY, JG Chemical and Gopal Snacks. Also read: Reddit Sees More Than 20% Sales Growth in 2024 in IPO Roadshow “Rise of the domestic capital, flourishing Indian entrepreneurship, improving governance, diligent institutional investors are among reasons likely to keep the IPO market ticking in 2024," said Mahavir Lunawat, Managing Director, Pantomath Capital Advisors Pvt.
Ltd. Commenting on the IPO market in 2024, Arvinder Singh Nanda, Senior Vice President, of Master Capital Services Ltd, said, “The Primary market is set to remain super busy in 2024 as well as many mainboard and SME IPOs are opening for subscription. In 2023, overall 57 IPOs were launched raising around ₹49,437cr.
The momentum of the IPO is expected to continue this year as well with bigger deals. Investors are eager to tap stock market ahead of general elections. Sentiment towards new-age companies has improved as well.
Large number of innovative and exciting IPOs are in queue. Keeping in mind India’s strong economic growth, there is still a sweet spot from the perspective of investment in India. The factors which are likely to keep IPO market robust in 2024 could be rise in domestic capital, governance improvement, flourishing Indian entrepreneurship, favourable government policies with FDI support, diligent institutional investors etc." Chatha Foods IPO opens for subscription on March 19, 2024 and closes on March 21, 2024.
The SME IPO is a book built issue of ₹34 crores and is entirely a fresh issue of 59.62 lakh shares. Also read: Chatha Foods IPO: Price band, issue size, key details to know The IPO price band has been fixed at ₹53 to ₹56 per share. Indorient Financial Services Ltd
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