IPO market
There is a lot of activity in the primary markets of India in the third week of December. Four IPOs worth about Rs 830 crore are going to come next week. Among which the shares issued on the main board of KSH International are prominent. Along with this, the focus of investors will also be on the busy listing calendar, in which 15 companies are going to be listed on the stock exchanges, which include well-known companies like ICICI Prudential AMC, Corona Remedies and Park Medi World. Let us also tell you which companies’ IPOs are coming. Along with this, listing of KIP companies is going to happen in the secondary market.
Listing of many companies is going to happen
The most awaited listing of next week is ICICI Prudential AMC. This stock got a stable response with more than 50 percent subscription on the very first day. Talking about debut outlook, the company’s GMP is Rs 249, which is 11 percent more than the IPO price. Among other main board listings, there is a lot of buzz in the informal market about Corona Remedies, whose GMP is 30 per cent more than the issue price. At the same time, Nephrocare’s GMP is 7 percent, which reflects moderate listing expectations, followed by Wakefit’s GMP which is modest at 5 percent. In the SME segment, KV Toys has a GMP of 63 per cent and is expected to have a strong listing, while other IPOs are not seeing much movement.
KSH International IPO
In the mainboard segment, the public issue of KSH International will open on Tuesday, December 16 and close on Thursday, December 18. Priced at Rs 365 to Rs 384 per share, the issue is worth approximately Rs 710 crore and will be listed on both BSE and NSE. Managed by Nuwama Wealth Management, KSH International is the biggest IPO to open next week and is expected to boost the overall sentiment in the primary market.
SME IPO Pipeline
Although the chances of new IPOs opening on the mainboard are relatively low, activity in the SME segment remains stable. Neptune Logitech will start the week with its Rs 46.62 crore IPO on Monday, December 15, which will open for subscription and close on Wednesday, December 17. The company is being listed on the BSE SME platform at a fixed price of Rs 126 per share, with Galactico Corporate Advisors acting as lead manager.
Two more SME IPOs will come at the end of the week. MRC Technocrats will open its IPO on Wednesday, December 17 and close on Friday, December 19. The price of IPO is between Rs 88 to Rs 93 per share. Its size is Rs 42.59 crore. The company will be listed on the NSE SME platform, with Narnolia Financial Services as the book-running lead manager.
On the same date, Global Ocean Logistics India will also issue its IPO, in which the share price will be between Rs 74 and Rs 78. This IPO of Rs 30.41 crore will be listed on BSE SME Exchange and is being managed by Marwari Chandrana Intermediaries.
Apart from the new IPO, next week is going to be very busy in terms of listings. Around 15 companies are expected to debut in the stock market, making it one of the busiest listing weeks of the year. These include ICICI Prudential Asset Management Company emerging as the biggest listing, along with well-known names like Corona Remedies and Park Medi World, which are likely to attract a lot of attention from investors.