A Quieter Week for Primary Market with Focused IPO Action
The primary market in India is set for a relatively calmer week with only two new initial public offerings (IPOs) opening for subscription. While fresh fundraising activity slows, investor attention will shift to seven companies preparing to make their stock market debut.
New IPOs Opening for Subscription
Excelsoft Technologies IPO will be the major offering, opening on November 19 and closing on November 21. This mainboard IPO is a book-built offering aiming to raise ₹500 crore. The structure includes a fresh issue of 1.50 crore shares worth ₹180 crore and an offer for sale of 2.67 crore shares aggregating ₹320 crore. Investors can participate with a price band set between ₹114 to ₹120 per share.
In the SME segment, Gallard Steel IPO will also open on November 19 and close on November 21. This is a completely fresh issue aiming to raise ₹37.50 crore through 0.25 crore shares. The company has set its price band at ₹142 to ₹150 per share.
Companies Making Stock Market Debut
The coming week promises significant activity with seven IPOs scheduled to list on various exchanges:
- PhysicsWallah IPO lists on BSE and NSE around November 18
- Emmvee Photovoltaic IPO lists on BSE and NSE around November 18
- Tenneco Clean Air IPO lists on BSE and NSE around November 19
- Fujiyama Power Systems IPO lists on BSE and NSE around November 20
- Capillary Technologies IPO lists on BSE and NSE around November 21
- Workmates Core2Cloud IPO (SME) lists on BSE SME around November 18
- Mahamaya Lifesciences IPO (SME) lists on BSE SME around November 18
This blend of new subscription opportunities and multiple listings indicates continued dynamism in the Indian IPO market, offering diverse options for investors across different segments.
