Vedant Poly Fabs to Launch IPO on November 2 Amid 13 Upcoming Listings
The primary market sees limited activity with only one IPO opening next week, while 13 companies prepare for their stock market debut.
Vedant Poly Fabs' IPO will open for subscription on November 2, priced at Rs 88-94 per share.
A total of 13 companies are set to debut in the stock market next week, including major players like Bombay Coated & Special Steels.
Market observers note significant grey market premiums for several upcoming listings.
In a week marked by limited activity in the primary market, Vedant Poly Fabs is set to launch its initial public offering (IPO) on November 2. This offering, aimed at raising Rs 56.68 crore, will be available for subscription until November 4. The shares are priced between Rs 88 and Rs 94 each, targeting investors interested in the SME segment.
The IPO from Vedant Poly Fabs is part of a broader trend, as 13 companies are preparing to make their stock market debuts next week. Among these, Bombay Coated & Special Steels will close its Rs 183-crore public issue on the same day as Vedant's IPO opens. Other notable companies, including Antala Industries and Johnsoncab Electricals, are also set to finalize their offerings on November 2.
Recent subscription figures indicate a strong interest from investors. Bombay Coated & Special Steels has seen its IPO subscribed 3.78 times, while Antala Industries' offering was 83% subscribed within the first two days. Other companies like Johnsoncab Electricals and HGS (India) have also reported positive responses, with their IPOs receiving subscriptions of 1.07 times and 1.53 times, respectively.
The upcoming week will witness a total of 13 companies making their market debut, with EAAA India Alternatives leading the way on November 2. Following this, BLS Polymers and SFC Environmental Technologies will list on November 3, and M K Sons Fine Jewels on November 4. The SME segment will also see significant activity, with Wiscon Industries and Carver Roboweld among those debuting on November 3 and 4, respectively.
As the market prepares for these listings, grey market premiums are drawing attention. BLS Polymers and Maxwell Engineering Solutions are reportedly trading at premiums exceeding 40%, while HGS (India) shares are at a 25% premium. This trend indicates a positive outlook for the upcoming IPOs and market entries, with investors keenly watching for potential gains.
