The primary market will remain active though the number of new IPOs launch in the coming week starting from December 15 will be less compared to previous week.
Total four companies worth Rs 830 crore will launch their Initial Public Offerings (IPOs) next week against 15 offers worth nearly Rs 14,800 crore last week, including one from the mainboard segment.
Magnet winding wires manufacturer KSH International will be the only IPO, worth Rs 710-crore, from the mainboard segment, opening on December 16 with price band of Rs 365-384 per share. The IPO comprising fresh issue of shares worth Rs 420 crore, and an offer-for-sale of Rs 290 crore by promoters.
Among other three public issues, which are from the SME segment, the first will be Neptune Logitek, the logistics solutions provider, opening its Rs 47-crore IPO on December 15 with offer price of Rs 126 per share.
This follows Global Ocean Logistics India, and MARC Technocrats IPO which are scheduled for launch on December 17 with price band of Rs 74-78 per share, and 88-93 per share, respectively.
Freight forward multi modal logistics solutions provider Global Ocean Logistics India, and infrastructure consultancy services MARC Technocrats intend to raise Rs 30.4 crore, and 42.6 crore via IPOs, respectively.
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Further, ICICI Prudential AMC, the country's second largest asset management company, will close its Rs 10,603-crore maiden public issue on December 16. The offer was subscribed 72 percent till December 15, the first day of bidding, backed majorly by qualified institutional buyers who bid nearly 2 times their allotted quota.
In the SME segment, five companies are set to close their public issues next week with subscription for Pajson Agro India, and HRS Aluglaze ending on December 15, followed by Ashwini Container Movers, Exim Routes, and Stanbik Agro IPOs which will remain open till December 16.
Meanwhile, total 15 new companies will be available for trading on the bourses next week including five from the mainboard segment. Home and furnishings company Wakefit Innovations, and pharmaceutical firm Corona Remedies will be the first amongst them, trading on December 15, followed by Park Medi World, and Nephrocare Health Services on December 17, while ICICI Prudential AMC will be last to list on December 19.
Corona Remedies IPO shares attracted the maximum trading premium at 30 percent in the grey market, followed by ICICI Prudential AMC (above 10 percent), while other three - Wakefit Innovations, Park Medi World, and Nephrocare Health Services saw a 2-7 percent premium, the market observers said.
The grey market is an unofficial market for trading in the IPO shares till their listing on the bourses.
In the SME segment, there will be 10 companies available for trading next week. KV Toys India, Prodocs Solutions, and Riddhi Display Equipments will list their shares on the BSE SME effective December 15, followed by Unisem Agritech, and Shipwaves Online on December 17.
Pajson Agro India, and HRS Aluglaze will be next to make debut on the BSE SME, effective December 18, followed by Stanbik Agro on December 19.
Exim Routes, and Ashwini Container Movers are also scheduled for market debut on the SME effective December 19.
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