Despite bearish trends and volatility in the secondary market, the primary market remains active, with two new initial public offerings (IPOs) set to open for subscription in the coming week, starting January 27. These include one mainboard IPO and one from the SME segment.
Dr Agarwal’s Health Care IPO
The highly anticipated IPO of Dr Agarwal’s Health Care, the parent company of the listed entity Dr Agarwals Eye Hospital, will open on January 29. The price band is set at ₹382-402 per share. This mainboard IPO includes a fresh issuance of equity shares worth ₹300 crore and an offer-for-sale of 6.78 crore shares worth ₹2,727.26 crore by promoters and investors, including Temasek Holdings and TPG. The subscription window will close on January 31.
Malpani Pipes and Fittings IPO
The SME segment will feature an IPO from Malpani Pipes and Fittings, a manufacturer of plastic pipes. The ₹26-crore public issue will also open on January 29, with a price band of ₹85-90 per share, and close on January 30.
IPOs Closing Next Week
The CLN Energy IPO is set to close on January 27. Meanwhile, the IPOs of GB Logistics Commerce and HM Electro Mech will conclude on January 28.
- The CLN Energy IPO has already garnered 2.68 times subscription over the last two days.
- GB Logistics Commerce and HM Electro Mech were fully booked on their first day, with subscriptions reaching 5.44 times and 7.32 times, respectively.
Upcoming Listings
Six companies are set to debut on the stock exchanges next week, including one from the mainboard segment.
- Denta Water and Infra Solutions will list on January 29, with shares trading at a 40% premium over the upper price band of ₹294 in the grey market.
- Five SME companies will also make their debut:
- Capital Numbers Infotech on the BSE SME on January 27
- Rexpro Enterprises on the NSE Emerge on January 29
- CLN Energy on the BSE SME on January 30
- GB Logistics Commerce and HM Electro Mech on January 31
Investors can look forward to a busy week in the IPO and listing space.
