Upcoming IPOs: One new public issue and ten listings scheduled for this week
Ecos Mobility and Hospitality files DRHP with SEBI to launch IPO “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.," said Arvinder Singh Nanda, Senior Vice President, of Master Capital Services Ltd. Bharti Hexacom IPO opens for subscription on April 3, 2024 and closes on April 5, 2024.
It is a book built issue of ₹4,275 crores and is entirely an offer for sale of 7.5 crore shares. Also read: Bharti Hexacom IPO: From price band to GMP, here are 10 things to know before subscribing to the issue The price band is set at ₹542 to ₹570 per share. SBI Capital Markets Limited, Axis Capital Limited, Bob Capital Markets Limited, ICICI Securities Limited and Iifl Securities Ltd are the book running lead managers of the Bharti Hexacom IPO, while Kfin Technologies Limited is the registrar for the issue.
Read more on livemint.com
