IPO next week: Arvind & Company Shipping Agency’s IPO to open, 14 new listings to keep the primary market buzzing


IPO next week: The primary market last month and the first week of October saw some major listings in both the main board and small and medium-sized enterprises (SME) sectors, keeping investors engaged in subscriptions and listings. Moving forward, the second week of October is seeing a lot of activity in the market – as some new initial public offerings (IPOs) are being released and many companies are ready to make their debut on D-Street.

During the period 30 September – 6 October, two mainboard IPOs of Valiant Laboratories and Plaza Wires opened for listing to raise funds. 223.74 crore, according to market observers.

“The IPO market has been buzzing this financial year with at least two to three public offers opening every day. There were fewer mega IPOs than last year, as more companies raised smaller tranches; “But investors also got better rewards,” said Mahavir Lunawat, managing director of Pantomath Capital Advisors Pvt Ltd, a mid-market investment bank.

Also read: Upcoming IPO: Arvind & Company Shipping’s IPO will open next week. GMP, price, other details of NSE SME issue

Barring four companies, every other IPO listed this financial year delivered positive listing gains. Moreover, only seven out of 29 IPOs have delivered single-digit listing gains. According to Lunawat, everyone else delivered double-digit listing gains.

”The last half looks promising, the pipeline is also strong, about 30 companies have got SEBI approval for IPOs where they will raise IPO size of 40,740 cores and around 38 companies “Rs 43,659 crore is still awaiting approval from Sebi and they have filed the offer document,” Lunawat said.

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Let’s take a look at some of the companies that are opening for subscription this week, as well as some of the companies that are getting listed on the stock exchanges.

Arvind & Company Shipping IPO:

The SME IPO is scheduled to hit the primary market on Thursday, October 12 and will be open for bidding till October 16, 2023. Arvind & Company Shipping IPO is a fixed price issue 14.74 crores. This issue is a fresh issue of entirely 32.76 lakh shares. The IPO of Arvind & Company Shipping Agency will be listed on NSE SME, with the tentative listing date set for Wednesday, October 25, 2023.

New Lists:

1.Plaza Wires: Mainboard IPO shares will be listed on BSE and NSE on October 13.

2. Arabian Petroleum: Shares of the oil and lubricants SME firm will be listed on NSE SME on October 9.

3.City Crops Agro: SME IPO shares will be listed on BSE SME on October 10.

4.Sunita Tools: Shares of the machine parts SME company will be listed on BSE SME on October 9.

5.Goyal Salt: Shares of the raw salt SME manufacturer will be listed on NSE SME on October 10.

6.E Factor Anubhav: Shares of the event management SME firm will be listed on NSE SME on October 9.

7.Contour Space: Shares of rental SME firm to be listed on NSE SME on October 10

8.OneClick Logistics India: Shares of the logistics services SME firm will be listed on NSE SME on October 11.

9.Canaries Automation: Shares of IT solutions provider to list on NSE SME on October 11

10.Viva Tradecom: SME IPO shares to be listed on BSE SME on October 12

11.Vishnusurya Projects and Infra: Shares of the infrastructure segment SME will be listed on NSE SME on October 12.

12.Sharp Chucks & Machines: Shares of the SME manufacturer will be listed on NSE SME on October 12.

13.Plada Infotech Services: SME IPO shares will be listed on NSE SME on October 12.

14.Karnika Industries: Shares of the kids wear SME firm will be listed on NSE SME on October 13.

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Updated: 07 October 2023, 08:52 PM IST

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