1 week ago

India’s Busy IPO Week Brings 12 Issues Worth Rs 3,700 Crore

India’s Busy IPO Week Brings 12 Issues Worth Rs 3,700 Crore
Primary Market Heats Up: 12 IPOs Worth Rs 3,700 Crore Open This Week, Symbiotec Leads The Pack · republicworld.com

An IPO is when a company offers its shares to the public for the first time.

India’s stock market has a very busy week of IPO activity.

One report counts 12 issues worth more than Rs 3,700 crore during the week, while another focuses on 10 new IPOs opening next week.

Symbiotec Pharmalab has the largest offering, worth Rs 1,757 crore.

Skyways Air Services and Hy-Tech Engineers are also opening their IPOs on August 24.

Other companies, including Annu Projects and Lumino Industries, will open later.

Some smaller companies will offer shares through SME IPOs.

Investors are advised to study company finances, valuations, subscription levels, and anchor-investor participation instead of relying only on unofficial grey-market premiums.

Key facts

Reported weekly activity
Twelve public issues worth more than Rs 3,700 crore are described as opening during the week.
New IPO list
A separate schedule identifies 10 new IPOs: five mainboard and five SME issues.
Largest IPO
Symbiotec Pharmalab: Rs 1,757 crore, comprising Rs 150 crore fresh issue and about Rs 1,607 crore offer for sale.
Skyways Air Services
Rs 582.80 crore, comprising approximately Rs 398.80 crore fresh issue and Rs 184 crore offer for sale; subscription runs August 24-27.
Hy-Tech Engineers
Rs 135.73 crore, comprising Rs 60 crore fresh issue and Rs 75.73 crore offer for sale; subscription runs August 24-27.
Lumino Industries
Rs 700 crore, comprising Rs 500 crore fresh issue and Rs 200 crore offer for sale; subscription runs August 27-31.
Tempsens Instruments
Its Rs 650 crore IPO, opened August 20, closes Monday and is expected to list on August 28.

Sources

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