IPO Calendar: Primary market cools after Jio frenzy, but 13 listings lined up
India’s IPO market is set for a quiet week, with just one fresh issue worth Rs 56.68 crore opening for subscription and no mainboard launches. Vedant Poly Fabs will be the only new IPO, while 13 companies are expected to list. The slowdown follows October’s blockbuster Rs 30,188 crore Jio Platforms IPO, which was subscribed over 22 times.
The primary market in India is experiencing a cooling effect after a series of large public offerings, with only one new IPO scheduled for subscription between November 2 and November 6. Vedant Poly Fabs, a small and medium enterprise, will be the sole company launching its IPO next week, with a price band of Rs 88-94 per share.
This follows a busy October for India's primary market, marked by Jio Platforms' record-breaking Rs 30,188 crore IPO, which attracted significant interest and subscription. Investors are now focusing on the final subscription days of existing issues and the listing performance of recently concluded offerings. Among the ongoing IPOs, Bombay Coated & Special Steels' Rs 183.06 crore IPO, which opened on October 29, will close for subscription on November 2, with a price band of Rs 78-82 per share.
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