The IPOs of Uniparts India and Five Star Business Finance could also take place in November. The DCX IPO will open on October 31st and close on November 2nd. The Fusion Micro Finance IPO will open on November 2 and close on November 4.
The IPO of Global Health, which operates the Medanta hospital, will be open from November 3rd to 7th. The company kept the issue price from 319 to 336 for applicants.
The market will be very busy this month. Next week is Global Health Ltd., the group that runs the hospital under the Medanta brand. And Fusion Micro Finance Ltd., a company that provides finance to the people. Including initial public offerings (IPOs), a total of four companies are opening. two other companies IPO Those set to reopen include DCX Systems, a manufacturer of cable and wireless harnesses, and Bikaji Foods International.
Combined, these four companies could raise over Rs 4,500 crore from the IPO, according to merchant bank sources. The IPOs of Uniparts India and Five Star Business Finance could also take place in November, the sources said. The DCX IPO will open on October 31st and close on November 2nd. The Fusion Micro Finance IPO will open on November 2 and close on November 4. The IPO of Global Health and Bikaji Foods will open on November 3rd and close on November 7th.
Weak trend in the IPO market
So far this year, that is, in 2022, 22 companies have gone public. These companies received over Rs 44,000 crores from the sale of shares. In this regard, Rs 1.19 million was raised through 63 IPOs last year, i.e. in 2021. Vinod Nair, head of research at Geojit Financial Services, said: “The IPO market has been weak this year due to volatility in the secondary market. This situation is likely to continue in the future.
Vinod Nair said that despite this, the reaction of investors to the IPO was very good. This is due to the fact that investors get the opportunity to invest in new companies at attractive prices. He said IPOs remain attractive to institutional investors as well. They have the opportunity to invest in a new high-quality business that uses many different schemes. As part of the DCX Systems IPO, Rs 400 crore worth of new shares will be issued, while NCBG Holdings Inc and VNG Technology will issue an offer of sale (OFS) of Rs 100 crore.
The IPO of these companies will take place
The Bangalore-based company has already raised Rs 225 crore from anchor investors. The price range for the IPO was fixed at Rs 197-207 per share. Fusion Micro Finance intends to raise Rs 1,104 crore through an IPO. Accordingly, the company will issue new shares worth Rs 600 crore. Along with this, the founders and existing shareholders of the company will submit an offer to sell 1,36,95,466 ordinary shares. The company has set a price range for the IPO at Rs 350-368 per share.
As part of the Global Health IPO, Rs 500 crore worth of new shares will be issued. In addition, the company will put forward an offer to sell 5.08 crores of shares. The price range for the IPO was kept at Rs 319-336 per share. The company expects to raise Rs 2,206 crore from the IPO. Bikaji intends to raise Rs 1,000 crore from the IPO. In addition, the founders of the company will put forward an offer to sell 2.94 crores of shares. Shares of four companies will be listed on the BSE and NSE. (Language)