The Arvind & Company Shipping Agency IPO will launch next week, and 14 additional listings will keep the primary market active

 The Arvind & Company Shipping Agency IPO will launch next week, and 14 additional listings will keep the primary market active

IPOs Coming Up: Last month and the first week of October, the primary market saw a number of significant listings on the main board and small- and medium-sized enterprise (SME) segments, which kept investors interested in subscriptions and listings. Moving on, there is a lot of market excitement during the second week of October as several new initial public offering (IPO) issues are opening and a number of businesses are about to make their D-Street debuts.

Market watchers estimate that two mainboard IPOs, Valiant Laboratories and Plaza Wires, raised a total of 223.74 crore between September 30 and October 6.

This fiscal year, the IPO market has been booming with at least two to three new public offerings starting each day. As more businesses raised lesser amounts of capital than they did the previous year, there were fewer major IPOs, but investors were also paid more favorably, according to Mahavir Lunawat, Managing Director of mid-market investment bank Pantomath Capital Advisors Pvt. Ltd.

Every other IPO listed in this financial year, with the exception of four businesses, provided positive listing gains. In addition, just seven of the 29 IPOs produced listing gains in the single digits. The remaining ones, according to Lunawat, all had double-digit listing gains.

The pipeline is strong, with around 30 firms receiving SEBI approval for initial public offerings (IPOs) in which they will raise $40,740 core and about 38 companies with an IPO size of $43,659 core still awaiting approval from SEBI and having submitted offer documents, Lunawat continued.

Let's look at a few of the businesses that are opening for subscription this week, as well as a few that are gaining bourse listings.

Arvind and Company Shipping IPO: On Thursday, October 12, the SME IPO will begin trading on the primary market and remain accessible for bids through October 16, 2023. The fixed price issue for the Arvind and Company Shipping IPO is worth 14.74 crore. The entire 32.76 lakh share offering is a new issuance. The proposed listing date for the Arvind and Company Shipping Agency IPO on the NSE SME is set for Wednesday, October 25, 2023.

fresh listings

1.Plaza Wires: On October 13, shares of the mainboard IPO will be listed on the BSE and NSE.

2. Arabian Petroleum: On October 9, the oil and lubricant SME company's shares will begin trading on the NSE SME.

City Crops Agro: On October 10, shares of the SME IPO will be offered on BSE SME.

4.Sunita Tools: On October 9, the machine parts SME firm's shares will begin trading on the BSE SME.

5.Goyal Salt: On October 10, shares of the raw salt SME company will list on the NSE SME.

6.E Factor Experiences: On October 9, the event management SME firm's shares will begin trading on the NSE SME.

7.Kontor Space: On October 10, shares of the renting SME company will list on the NSE SME.

8.Oneclick Logistics India: On October 11, the company's shares will begin trading on the NSE SME.

9.Canarys Automations: On October 11, shares of the IT solutions firm will begin trading on the NSE SME.

10.Vivaa Tradecom: On October 12, shares of the SME IPO will be listed on BSE SME.

11.Vishnusurya Projects and Infra: On October 12, shares of the SME's infrastructure component will list on the NSE SME.

12.Sharp Chucks and Machines: On October 12, shares of the SME maker will begin trading on the NSE SME.

13.Plada Infotech Services: On October 12, shares of the SME IPO will begin trading on the NSE SME.

14.Karnika Industries: On October 13, shares of the children's clothing SME company will begin trading on the NSE SME.