Upcoming IPOs: 2 new public issues and 4 new listings to keep primary market busy next week
Week Ahead: Inflation data, US Fed policy, global cues among key market triggers as Nifty 50 eyes 23,500 this weekLunawat further added, “We believe that companies with good fundamentals will go public & attract large amounts of capital from street. The upcoming Union Budget will be a crucial trigger for understanding the new government’s strategy for the economy."The primary market will take a breather as only two new public issues are set to open in the coming week.
In the mainboard segment, Le Travenues Technology Ltd, which is Ixigo's operator company, will launch its IPO. Meanwhile, in the small and medium enterprise (SME) section, United Cotfab IPO is scheduled to open for subscription.The Ixigo IPO will open for bidding on June 10 and will close on June 12.
The IPO of the traveler company is a book-built issue of ₹740.10 crore and is a combination of fresh issue of 1.29 crore shares aggregating to ₹120 crore and offer for sale of 6.67 crore shares aggregating to ₹620.10 crore.Also read: ixigo IPO to open on June 10; here's what GMP indicates ahead of public issueThe price band of the upcoming IPO is set at ₹88 to ₹93 per share. Axis Capital Limited, Dam Capital Advisors Ltd (formerly IDFC Securities Ltd), and JM Financial Limited are the book-running lead managers for the ixigo IPO, while Link Intime India Private Ltd serves as the registrar for the issue.The United Cotfab IPO will be open for subscription from June 13 to June 19.
The SME IPO is a fixed price issue of ₹36.29 crore and consists entirely of a fresh issue of 51.84 lakh shares.The price band of SME IPO is ₹70 per share. Beeline Capital Advisors Pvt Ltd is the book running lead manager of the United Cotfab IPO, while Purva Sharegistry India Pvt Ltd is
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