Primary Market Set for Revival with Three New IPOs and Two Listings
After a brief period of inactivity, the primary market is poised to regain significant momentum in the coming week. Investors can anticipate a bustling schedule with three new initial public offerings (IPOs) opening for subscription and two additional listings on the horizon. This renewed activity signals a positive shift in market sentiment and investor appetite for new equity offerings.
Mainboard IPOs: Fractal Analytics and Aye Finance Lead the Charge
The mainboard segment will see two prominent public issues opening simultaneously. Fractal Analytics IPO, representing the artificial intelligence sector, and Aye Finance IPO, a notable player in the financial services space, are both scheduled to commence their subscription periods on February 9, with closing dates set for February 11.
Fractal Analytics IPO Details:
- Issue Size: ₹2,833.90 crore
- Fresh Issue: 1.14 crore shares worth ₹1,023.50 crore
- Offer for Sale: 2.01 crore shares amounting to ₹1,810.40 crore
- Price Band: ₹857 to ₹900 per share
- Book-Running Lead Manager: Kotak Mahindra Capital
- Registrar: MUFG Intime India
Aye Finance IPO Details:
- Issue Size: ₹1,010 crore
- Fresh Issue: 5.50 crore shares worth ₹710 crore
- Offer for Sale: 2.33 crore shares valued at ₹300 crore
- Price Band: ₹122 to ₹129 per share
- Book-Running Lead Manager: Axis Capital Ltd.
- Registrar: Kfin Technologies
SME Segment: Marushika Technology IPO and Upcoming Listings
In the small and medium enterprise (SME) segment, Marushika Technology IPO will open for subscription on February 12, with bidding closing on February 16. This book-built issue aggregates ₹26.97 crore and consists entirely of a fresh issue of 0.23 crore equity shares. The price band has been fixed at ₹111 to ₹117 per share, with NEXGEN Financial Solutions Pvt. Ltd. acting as the book-running lead manager and Skyline Financial Services Pvt. Ltd. serving as the registrar.
Additionally, the market will witness two SME listings in the coming week:
- Grover Jewells IPO: Scheduled to list on NSE SME with a tentative listing date of February 11.
- Brandman Retail IPO: Also set to list on NSE SME with a tentative listing date of February 11.
This comprehensive lineup of IPOs and listings demonstrates the dynamic nature of India's primary market, offering diverse investment opportunities across different sectors and market segments.
Disclaimer: This information is provided for educational purposes only. Investors are strongly advised to consult with a qualified investment advisor before making any financial decisions.
