The primary market will remain active in the coming week even amid ongoing general elections and volatility in the market. The D-Street will witness the launch of three new initial public offerings (IPOs) next week, one in mainboard segment and two small and medium enterprise (SME).
Apart from IPO openings, six new listings at the Indian bourses are also scheduled for next week.
“Amidst general elections, the primary market continues to remain vibrant, with amazing responses to certain IPOs such as Awfis Space Solutions. Confidence can be gauged by these offerings that have been launched amidst general elections, defying the earlier trend. As we speak, Kronox Lab Sciences’ IPO will be launched from June 3rd to 5th,” said Mahavir Lunawat, Managing Director, Pantomath Capital Advisors Pvt. Ltd.
He further added, “Looking ahead, get ready for a wave of IPOs from both new-age businesses and traditional sectors. We’re optimistic about the IPO post-election results. There are several factors why we believe this. First, there’s been an increase in domestic capital. Then, there are improved governance practices and a thriving Indian entrepreneurship spirit, as well as supportive government policies, especially when it comes to FDI. All of these things come together to give us confidence in the market.”
Here’s a list of IPOs which will remain open for subscription next week –
Kronox Lab Sciences IPO
Kronox Lab Sciences IPO opens for subscription on June 3, 2024 and closes on June 5, 2024. It is a book-built issue amounting to ₹130.15 crores, consisting entirely of an offer for sale of 0.96 crore shares.
The IPO price band has been set at ₹129 to ₹136 per share. Pantomath Capital Advisors Pvt Ltd serves as the book-running lead manager for the Kronox Lab Sciences IPO, with Kfin Technologies Limited acting as the registrar for the offering.
Magenta Lifecare IPO
Magenta Lifecare IPO opens for subscription on June 5, 2024 and closes on June 7, 2024. The IPO is a fixed-price offering amounting to ₹7 crore, consisting entirely of a fresh issuance of 20 lakh shares.
The IPO price band has been fixed at ₹35 per share. Fedex Securities Pvt Ltd serves as the book running lead manager for the Magenta Lifecare IPO, with Cameo Corporate Services Limited acting as the registrar for the issuance. Sunflower Broking is the market maker for the Magenta Lifecare IPO.
Sattrix IPO
Sattrix IPO opens for subscription on June 5, 2024 and closes on June 7, 2024. The SME IPO is a fixed-price offering of ₹21.78 crores, consisting entirely of a fresh issue of 18 lakh shares.
The SME IPO price band has been fixed at ₹121 per share. Isk Advisors Pvt Ltd is the book running lead manager for the Sattrix IPO, with Bigshare Services Pvt Ltd is the registrar for the offering. Sunflower Broking is the market maker for the Sattrix IPO.
Associated Coaters IPO
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Published: 02 Jun 2024, 09:47 AM IST
