IPOs Next Week: Arvind & Company Shipping Agency IPO to open, 14 new listings to keep primary market buzzing

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IPOs Next Week: The primary market witnessed some major listings in both main board and small- and medium-sized enterprise (SME) segments last month and in October's first week, which kept investors engaged with subscriptions and listings. Moving on, the second week of October sees strong market buzz - as new initial public offering (IPO) issues are closing and a bunch of companies are set to make their debut on D-Street. During the period September 30 – October 6, two mainboard IPOs Valiant Laboratories and Plaza Wires opened for listing raising an amount of ₹223.74 crore, according to market observers.

‘’The IPO market has been buzzing this fiscal year with at least two to three public offers opening every day. There were fewer mega IPOs compared to last year, as more companies raised smaller tranches of money; but also rewarded investors better,'' said Mahavir Lunawat, Managing Director, Pantomath Capital Advisors Pvt. Ltd, a mid-market investment bank.

Also Read: Upcoming IPO: Arvind And Company Shipping IPO opens next week. GMP, price, other details of NSE SME issue With the exception of four companies, every other IPO listed in this financial year gave positive listing gains. Besides, only seven of the 29 IPOs have given single digit listing gains.

The rest all gave double digit listing gains, according to Lunawat. ‘’Last half year looks promising, the pipeline too is robust, with around 30 companies getting SEBI approval for IPOs where they will collect ₹40,740 core and around 38 companies with IPO size of ₹43,659 crore still awaiting approval from SEBI and have filed offer document,'' added Lunawat. "Exciting news! Mint is now on WhatsApp Channels