Rs 4,169 crore IPO rush this week: 19 issues to open for subscription; NSE to lead 12 listings
India’s primary market is set for a busy week, with 19 IPOs aiming to raise around Rs 4,169 crore, led by Elevate Campuses and Varmora Granito. The week will also see 12 listings, including NSE, as investors track grey market trends.
This week, India's primary market is set for a busy IPO rush, with 19 initial public offerings (IPOs) opening for subscription and aiming to raise approximately Rs 4,169 crore. Notable mainboard issues include Elevate Campuses, Varmora Granito, A-One Steels, ArMee Infotech, Swastika Infra, and Adroit Industries. Meanwhile, the Small and Medium Enterprises (SME) board will also feature a packed schedule of listings.
Among the mainboard listings, Elevate Campuses will raise Rs 2,100 crore, offering shares within a band of Rs 343-362. Varmora Granito will open an IPO worth Rs 708.02 crore, with a price range of Rs 140-148 per share. A-One Steels will launch a Rs 405 crore issue, while ArMee Infotech, Swastika Infra, and Adroit Industries will each open IPOs of Rs 300 crore, Rs 161 crore, and Rs 150.71 crore, respectively.
The SME board will showcase 12 listings, including NSE, whose grey market premium has cooled to around 3%. Other prominent SME listings include Vivekanand Cotspin, FX Multitech, Robokidz Eduventures, Himalaya Nutravedics, and Anand Seamless.
The market will closely watch the performance of these IPOs, as investors assess their appetite across both large and small issues. Mainboard IPOs are expected to absorb the majority of funds, led by Elevate Campuses and Varmora Granito, while the listing market will be particularly watchful of NSE, SS Retail, SpectraA Technology Solutions, and Hero Motors.
Written by urgent.news from The Economic Times - Top News's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
