Huge Buzz in Stock Market this week: From 13 IPOs launch to 11 companies making Market debut
The week of December 8-12 will see 13 IPOs launch, raising over Rs 14,700 million. Notable mainboard offers include Wakefit and Corona Remedies. Eight SME IPOs are also opening for subscription. Additionally, 11 companies, including Meesho, Aquus, and Vidya Wires, are set to make their stock market debut this week.
New Delhi: The week starting, 8 December will see a flurry of IPOs getting launched. There are 13 IPOs set to make their debut. These 13 companies will raise more than Rs 14,700 million through IPO, which includes Rs 14,338 crore in the mainboard segment. Let us also tell you which IPOs are coming in the stock market in the second week of the month. Also, which companies are going to debut in the stock market with Meesho.
Wakefit IPO, Corona Remedies IPO and other offers
Bengaluru-based home and furnishing company Wakefit Innovations and pharmaceutical company Corona Remedies will be the first IPOs in the mainboard segment, which will open an IPO on 8 December with a price band of Rs 185-195 per share and Rs 1,008-1,062 per share respectively. Wakefit is raising Rs 1,289 crore and Corona Remedies 655.4 crore on the upper price band. This is followed by Nephrocare Health Services and Park Medi World, which are opening their IPOs for public subscription on December 10, with price bands ranging from Rs 438-460 per share and Rs 154-162 per share respectively.
Asia's largest dialysis provider company Nephroplus is aiming to raise Rs 871 million and hospital chain operator Park Hospital Rs 920 million in north India through its public issue. This week the last IPO of the mainboard segment will be that of ICICI Prudential AMC, which is raising Rs 10,603 crore at the upper level of the price band of Rs 2,061-2,165 per share. This is a pure OFS of Prudential.
Upcoming SME IPOs
There will also be a stir in the SME segment, where eight first public issues (IPOs) worth Rs 367 million will open for subscription this week. First of all, the IPO of KV Toys India, Prodox Solutions and Riddhi Display Equipments will be launched on 8 December, followed by the IPO of Unisem Agritech and ShipWaves Online on 10 December. In addition, the IPOs of Paijson Agro India and HRS Aluglaze will open on 11 December.
After that, the IPO of Ashwini Container Movers will come, which is the last one as per the current IPO schedule and will open on 12 December. The five IPOs — Luxury Time, Western Overseas Study Abroad, MethodHub Software, Encompass Design India and Flywings Simulator Training Centre, which were open for subscription last week, are scheduled to close this week.
11 Companies to make stock market debut
In addition to the IPO launch, 11 new companies will be available for trading on exchanges, including three companies from the mainboard segment — Meesho, Aquus and Vidya Wires. All three will be listed on December 10. In the SME segment, Luxury Time and Western Overseas Study Abroad will make their debut in BSE SMEs from 11 December, after which MethodHub software will be listed on 12 December. Encompass Design India and Flywings Simulator Training Center will also be listed on the National Stock Exchange on 12th December i.e. Friday.
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