- Hindi News
- Business
- Shadowfax Technologies Mainboard Listing Jan 28 | 5 SME IPOs Open This Week
Mumbai1 hour ago
- copy link
The primary market is going to be very busy in the stock market this week. Investors will have the opportunity to invest money in shares of many companies simultaneously. This week, 5 new IPOs in the SME segment are going to raise a total of more than Rs 226 crore. Also, 5 companies are going to be listed, out of which only Shadowfax Technologies is from the mainboard.
A slight rise is expected in the market, but ShadowFax Technologies is not getting any premium in the gray market. The boom seen in the IPO market for some time is expected to continue this week also. Market experts believe that due to liquidity and investor enthusiasm, these issues may get a good response.
5 SME IPOs will open this week
The IPO of Kasturi Metal Composite, a steel fiber products manufacturing company, will open on January 27. The price band has been kept at Rs 61-64. The company will raise Rs 17.6 crore from 27.52 lakh shares. It will be listed on BSE SME.
3 more SME IPOs will open from January 28
- Kanishka Aluminum India: The aluminum extrusion products maker will raise Rs 29.2 crore from 40 lakh shares at Rs 73 per share.
- Amsafe Equipments: Aluminum Scaffolding Manufacturer, price band Rs 116-123, target of Rs 66.42 crore from 54 lakh shares.
- Accretion Nutraveda: Ayurvedic and nutraceutical products company, price band Rs 122-129, will raise Rs 24.8 crore from 19.2 lakh shares.
CKK Retail Mart’s IPO will open on January 30.
Agro-commodity and carbonated soft drinks distributor CKK Retail Mart will float an issue of Rs 88 crore at Rs 155-163 price band.
Hanna and Shayona’s IPO will remain open till January 27
Both Hannah Joseph Hospital and Shayona Engineering will remain open till January 27. Hannah Joseph Hospital’s subscription has been 55% and Shayona Engineering’s has been 1.34 times (in the last two days). Both are from the SME segment.
5 listings this week: Focus will be on Shadowfax
ShadowFax Technologies: The logistics solutions provider company will be listed on BSE and NSE on January 28. Its Rs 1,907 crore IPO was subscribed 2.72 times on January 20-22. There is no premium visible in the gray market, meaning listings may be flat or with little movement.
Digilogic Systems: Debut on BSE SME from 28 January. KRM Ayurveda: On NSE Emerge from 29 January. Hannah Joseph Hospital and Shayona Engineering: Trading starts on BSE SME from 30 January.
Market overview and what to expect
It’s a short week, so volumes may be low. The focus of SME IPOs will be on the primary market, where small investors participate. The listing of Shadowfax on the mainboard may bring some movement, but the gray market signal is flat. Investors are advised to keep checking the allocation and GMP, as the risk is higher in the SME segment.
Read this news also…
Stock market closed today on Republic Day: There will be no trading in BSE and NSE; Holiday in commodity and currency markets also
The country is celebrating the 77th Republic Day today i.e. on 26 January (Monday). There will be no work in the Indian stock market today on the occasion of this national holiday. Both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) will remain closed for the day. Along with the equity segment, there will be a holiday in the derivatives and SLB segments as well. Now the market will open tomorrow i.e. Tuesday (January 27).
Along with the stock market, the country’s largest commodity exchange ‘MCX’ will also remain closed today. There will be no trading on MCX in both morning and evening sessions. Usually the evening session remains open on some holidays, but on the occasion of Republic Day, trading is suspended for the whole day. Read the full news…
Source link
[ad_3]
