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The primary market is set for a busy week with the launch of six new public issues and the market debut of around 12 new IPOs. This follows a busy week where three mainboard segment IPOs raised over ₹6,000 crore amid ongoing general elections in the country.
The most anticipated IPO of the year, Go Digit General Insurance IPO, will open for subscription on May 15, 2024. The IPO is a book built issue of ₹2,614.65 crores and is a combination of a fresh issue of 4.14 crore shares aggregating to ₹1,125.00 crores and an offer for sale of 5.48 crore shares aggregating to ₹1,489.65 crores.
In addition to the Go Digit IPO, five other SME IPOs will open for subscription next week, including Veritaas Advertising IPO, Mandeep Auto Industries IPO, Indian Emulsifier IPO, Quest Laboratories IPO, and Rulka Electricals IPO.
The market will also witness the listing of 12 new IPOs, including Indegene IPO, Aadhar Housing Finance IPO, TBO Tek IPO, Refractory Shapes IPO, Winsol Engineers IPO, Finelistings Technologies IPO, Silkflex Polymers IPO, TGIF Agribusiness IPO, Energy Mission Machineries IPO, Piotex Industries IPO, Aztec Fluids & Machinery IPO, and Premier Roadlines IPO.
The robust domestic inflow, particularly with retail investors showing keen interest in equity markets, is empowering issuers to confidently launch IPOs in May.
The upcoming IPOs cover a range of sectors, including insurance, advertising, auto components, chemicals, pharmaceuticals, and electrical equipment, providing investors with diverse investment opportunities.
The primary market is expected to remain active in the coming months, with a number of other IPOs in the pipeline.
Investors are advised to carefully evaluate the fundamentals of each IPO and consult with financial advisors before making any investment decisions.