The primary market is set to take a breather with only two new public issues opening in the coming week. In the mainboard segment, Le Travenues Technology Ltd, the operator company of Ixigo, will launch its IPO. Meanwhile, in the small and medium enterprise (SME) section, United Cotfab’s IPO is scheduled to open for subscription.
Here are the IPOs which will open for subscription this week –
Ixigo IPO
The Ixigo IPO will open for bidding on June 10 and close on June 12. The IPO, valued at Rs 740.10 crore, is a book-built issue comprising a fresh issue of 1.29 crore shares totaling Rs 120 crore and an offer for sale of 6.67 crore shares amounting to Rs 620.10 crore.
The upcoming Ixigo IPO has a price band set at Rs 88 to Rs 93 per share. Axis Capital Limited, Dam Capital Advisors Ltd (formerly IDFC Securities Ltd), and JM Financial Limited are the book-running lead managers for the IPO, with Link Intime India Private Ltd serving as the registrar for the issue.
The Grey Market Premium (GMP) for the Ixigo IPO stands at Rs 23 With the IPO’s price band set at Rs 93.00, analysts estimate the IPO’s listing price to be around Rs 116. This suggests an expected percentage gain per share of 24.73%.
United Cotfab IPO
The United Cotfab IPO will be open for subscription from June 13 to June 19. This SME IPO is a fixed price issue valued at Rs 36.29 crore, consisting entirely of a fresh issue of 51.84 lakh shares.
The price band for the United Cotfab SME IPO is set at Rs 70 per share. Beeline Capital Advisors Pvt Ltd is the book-running lead manager for the IPO, while Purva Sharegistry India Pvt Ltd is the registrar for the issue.
The Grey Market Premium (GMP) for the Cotfab SME IPO stands at Rs 15 With the IPO’s price band set at Rs 70.00, analysts estimate the IPO’s listing price to be around Rs 85. This suggests an expected percentage gain per share of 21.43%.
New Listings next week –
Kronox Lab Sciences IPO
The allotment for the Kronox Lab Sciences IPO was finalized on Thursday, June 6, 2024. The IPO is set to be listed on the BSE and NSE on June 10.
The Grey Market Premium (GMP) for the Kronox Lab Sciences IPO stands at Rs 82. With the IPO’s price band set at Rs 136.00, analysts estimate the IPO’s listing price to be around Rs 164.95. This suggests an expected percentage gain per share of 21.29%.
3C IT IPO
The allotment for the 3C IT IPO is expected to be finalized on Monday, June 10, 2024. The SME IPO is set to list on the BSE SME with a tentative listing date of Wednesday, June 12.
Sattrix IPO
The allotment for the Sattrix IPO is expected to be finalized on Monday, June 10, 2024. The SME IPO is scheduled to list on the BSE SME with a tentative listing date set for Wednesday, June 12.
The Grey Market Premium (GMP) for the Sattrix IPO stands at Rs 14. With the IPO’s price band set at Rs 121.00, analysts estimate the IPO’s listing price to be around Rs 135. This suggests an expected percentage gain per share of 11.57%.
Magenta Lifecare IPO
The allotment for the Magenta Lifecare IPO is expected to be finalized on Monday, June 10. The IPO is set to list on the BSE SME with a tentative listing date of Wednesday, June 12, 2024.
The Grey Market Premium (GMP) for the Sattrix IPO stands at Rs 11. With the IPO’s price band set at Rs 35.00, analysts estimate the IPO’s listing price to be around Rs 46. This suggests an expected percentage gain per share of 31.43%.
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