IPO lineup this week
In the Indian stock market, the primary market’s mainboard segment will maintain its quiet streak for the second week in a row, devoid of any new initial public offerings (IPOs). However, telecom behemoth Vodafone Idea, grappling with heavy debt, will launch its ₹18,000 crore FPO next week.
The VI FPO subscription period runs from April 18 to April 22, 2024, spanning five days.The VI FPO is priced in the range of ₹10 to ₹11 per share. Axis Capital Limited, Jefferies India Private Limited, and SBI Capital Markets Limited are the book running lead managers for the VI FPO, with Link Intime India Private Ltd serving as the issue’s registrar.
Ramdevbaba Solvent and Grill Splendour Services are gearing up to open their IPOs for subscription in the small and medium enterprise (SME) sector. Additionally, Dalal Street will see the debut listings of Teerth Gopicon and DGC Cables and Wires alongside these new offerings.
“India’s remarkable annual economic growth exceeding 7% has garnered significant investor interest. Furthermore, a surge of optimism has engulfed the nation, attracting retail investors eager to participate in the country’s growth story. In addition, prominent international investment banks like Goldman Sachs and Morgan Stanley have lauded India as a top investment destination for the coming decade. Despite the upcoming general elections, the investment pipeline remains strong,” stated Mahavir Lunawat, Managing Director of Pantomath Capital Advisors Pvt. Ltd., a leading mid-market investment bank.
