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. Last week, two mainboard IPOs - Rishabh Instruments Limited and Ratnaveer Precision Engineering listed raising a total of ₹655.8 crore.
‘’The capital market also showed a strong performance, largely supported by domestic capital accumulation. Strong investor confidence can be seen in the secondary market, but it becomes even more evident in IPOs as new and interesting ideas come to the market,'' said Mahavir Lunawat, Managing Director, Pantomath Capital Advisors Pvt. Ltd, a mid-market investment bank.
‘’Next week looks promising, the focus is on RR Kabel, Samhi Hotels, Zaggle Prepaid Ocean Services, and Michael Kaufman-backed Yatra Online, all aiming to gather ₹4,673 crore from investors,'' added Lunawat. Among the ongoing issues, Samhi Hotels IPO and Zaggle Prepaid Ocean Services IPO close on September 18, while Yatra Online IPO closes on September 20 from the mainboard segment. From the SME segment, Cellecor Gadgets IPO, Holmarc Opto-Mechatronics IPO, and Kody Technolab IPO closes on September 20.
Let's take a look at some of the companies that are opening for subscription this week, along with few that are getting listed on the bourses. The mainboard issue opens on September 20 and closes on September 22. Signature Global IPO comprises a fresh issue of equity shares worth ₹603 crore and an offer of sale (OFS) of shares
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