The primary market is entering a relatively calm week, but that does not mean there is nothing to watch. Between February 16 and 20, IPO activity will be limited in terms of fresh public issues, yet investors will be tracking two important stock market debuts along with a couple of smaller offerings.
Only one mainboard IPO to open
Gaudium IVF and Women Health
The only mainboard public issue scheduled for subscription the coming week is from Gaudium IVF and Women Health. The healthcare services company will open its IPO on February 20, and the issue will close on February 24.
The IPO consists of 2.09 crore shares. This includes a fresh issue of 1.14 crore shares and an offer for sale of 0.95 crore shares by existing shareholders.
The basis of allotment is expected to be finalised on February 25, while the tentative listing date is February 27.
SME segment
Fractal Industries
Fractal Industries will open its Rs 49 crore IPO on February 16 and close on February 18.
The company is raising funds entirely through a fresh issue of 23 lakh shares, with no offer for sale component. The price band has been fixed at Rs 205-216 per share. With a lot size of 600 shares, investors will need a minimum investment of Rs 2,59,200 at the upper price band.
Listings to take centre stage
Even though new IPO launches are limited, the spotlight will remain on listings.
Fractal Analytics and Aye Finance are both set to debut on the exchanges on February 16.
Fractal Analytics saw a moderate response from investors, with its IPO subscribed 2.66 times. The allotment was finalised on February 12.
Aye Finance, which operates as a non-banking financial company, received a relatively muted response. Its issue was subscribed 1.04 times overall.
An SME issue, Marushika Technology, is scheduled to list on February 19.