IPOs This Week: RR Kabel IPO to Kundan Edifice IPO; 6 new issues, 5 listings to keep primary market buzzing

livemint.com:

IPOs This Week: The primary market witnessed some major listings in both main board and small- and medium-sized enterprise (SME) segments last month, which kept investors engaged with subscriptions and listings. Moving on, the upcoming week sees strong market buzz for September, which is similarly packed with new listings and initial public offering (IPO) issues, that are available for subscription. ‘’There was decline in IPO activities in 2022 and expected to have a jump of 30 per cent in IPO issuance in 2023.

A strong pipeline of over $9 billion, which has been approved by capital markets regulator SEBI, and another $6 billion filed with the capital markets watchdog, of which $10 billion should fructify. Remaining fiscal 2023 looks promising for primary markets,'' said Mahavir Lunawat, Managing Director, Pantomath Capital Advisors Pvt. Ltd, a mid-market investment bank.

‘’Next week looks promising with IPOs like EMS Limited, RR Kabel among others on the horizon, targeting to raise cumulative fund amounting to ₹3,200+ crore. Further, it is encouraging to note that as IPO market is sizzling, FPI’s have poured over ₹21,000 crore into IPOs in April-August’23,'' added Lunawat. In the primary market during the period September 2 – September 9, one mainboard IPO i.e., Vishnu Prakash R.

Punglia Limited listed, raising a total of ₹309 crore and at a premium of 67 per cent. Among the ongoing issues, EMS IPO from the mainboard segment closes on Tuesday, September 12. From the SME segment, Unihealth Consultancy IPO, Jiwanram Sheoduttrai Industries IPO, and Meson Valves India IPO close on Monday, September 12.