The upcoming week, from January 12 – 18, is set to be another busy week on the IPO calendar. With new IPO openings to companies continuing their bidding timelines from the previous week, investors are set to be engaged with multiple bidding processes.
Furthermore, the market will also see companies listing on the stock exchanges as well as firms focusing on the allotment of shares after the completion of their subscription process, keeping the momentum alive in the market.
In addition to IPOs, the market will remain busy with companies releasing their quarterly earnings which may influence trends and investor sentiment significantly.
Let’s take a look at the IPOs scheduled between January 12 and 18, ongoing bids, key listings, allotments, and what the GMP indicates for these issues.
Upcoming IPO
As of now, five IPOs are set to open next week, one from the mainboard segment and the other from the SME segment.
Laxmi Dental IPO
A mainboard issue, Laxmi Dental IPO will open for subscription from January 13 and will close its bidding window on January 15, with a price band set between the range of Rs 407 to Rs 428 per share.
Laxmi Dental’s Rs 698.06 crore IPO includes a fresh issue of Rs 138 crore (0.32 crore shares) and an offer for sale worth Rs 560.06 crore (1.31 crore shares). The IPO is managed by Nuvama Wealth, Motilal Oswal, and SBI Capital, with Link Intime as the registrar. The allotment is likely on January 16, and the shares are set to list on BSE and NSE on January 20.
GMP: Ahead of the opening of the issue, in the grey market, the shares of the company are commanding at a premium of Rs 160, indicating a potential listing price of Rs 591 per share, a 37.38% surge over the IPO’s upper price band of Rs 588 per share. However, it is to note that GMP is not the actual listing price and may fluctuate depending on the market sentiment.
Also Read: Sat Kartar Shopping IPO opens tomorrow: 8 things to know before you subscribe
Kabra Jewels IPO
A SME issue, Kabra Jewels will run its IPO from January 15 to January 17. The price band of the issue is between Rs 121 to Rs 128 per share.
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