IPO Action: The mainboard category is quiet this coming week, while the SME division is still in the spotlight with six listings

IPO Action: The mainboard category is quiet this coming week, while the SME division is still in the spotlight with six listings

IPO Action: The mainboard category is quiet this coming week, while the SME division is still in the spotlight with six listings

Kaushalya Logistics is one of the 182 firms that had their maiden initial public offering (IPO) in 2023 and raised a total of Rs 4,967 crore. The company will finish its IPO on January 3.

The week starting on January 1, 2024, will see no activity in the mainboard section as there won't be any new initial public offerings (IPOs) or listings. However, activity will still be happening in the SME category.

Six listings total are planned for the SME section next week; five of the listings were closed to the public last week, and one will shut the next week.

On January 1, Sameera Agro & Infra, a building and infrastructure development business, will make its NSE Emerge debut as the first company. 2.8 times as many people subscribed to the Rs 62.64 crore public issuance between December 21 and 27.

AIK Pipes & Polymers' listing on BSE SME on January 2 will be the second one to go live the following week. Over forty bookings for the Rs 15 crore public offer were made between December 26 and 28.

On January 3, a total of four listings, including HRH Next Services and Akanksha Power & Infrastructure, would be available on NSE Emerge. The other two, Shree Balaji Valve Components and Manoj Ceramics, will make their BSE SME debuts.

On December 29, all four firms concluded their public offerings. Over 115 subscriptions were made to the Rs 27.5 crore Akanksha Power & Infrastructure offer, while over 65 subscriptions were made to the Rs 9.6 million HRH Next Services issue. .. Investors responded strongly to Manoj Ceramics' Rs 14.5 crore IPO, which was approximately nine times subscribed, and Shree Balaji Valve Components' Rs 21.6 crore IPO, which was more than 270 times subscribed.

Next week, on January 5, KC Energy & Infra, which offers services for building and completing power transmission and distribution systems, will have its final listing. The Rs 16 crore initial public offering has received 146 subscriptions so far, showing strong investor interest. It is scheduled to conclude on January 2. On December 28, this deal was made available.

On January 3, Kaushalya Logistics, a supplier of logistics and transportation services, will conclude its public offering of Rs 36.6 crore. On the first day of bidding, December 29, more than nine subscriptions were made for the IPO.

In2023, a total of 182 businesses, including Kaushalya Logistics, made their initial public offerings (IPOs) and raised Rs 4,967 crore. Actually, the amount raised by SMEs via IPOs this year is the largest on record, and there were even more IPOs issued than in prior years.

109 firms raised Rs 1,980 crore via public offerings last year in 2022.

The BSE IPO Index (Mainboard Segment) gained 41 per cent during the last year, while the BSE Small and Medium Enterprises IPO Index soared 96%.

58 businesses in the mainboard sector raised a total of Rs 52,637 crore via public offerings throughout the year. The main market is anticipated to have a solid year in the next year as well.

"Overall, notable debuts and significant listing advances of many companies have generated substantial buzz in the IPO market," said Devang Mehta, Director, Equity Advisory, Spark Capital. Positive mood in the secondary market is also anticipated to increase primary market activity. Is not." stated private wealth management.

He went on to say that it is noteworthy that, after eight years, the market has raised the largest amount of fresh money. "OFS accounts for 58% of the money raised, with new capital making up around 42% of the total. In the previous four years, the corresponding percentage of OFS was between 85 and 90 percent."

Thus, "I don't see why it shouldn't continue in 2024." Even while IPOs are receiving a lot of subscriptions, there haven't been many sizable IPOs, which depletes liquidity and fosters a bullish environment, according to Mehta. He stated.