News
Seven IPOs, Including Amir Chand Jagdish Kumar, to Open Next Week
Seven initial public offerings (IPOs) are scheduled to open for subscription next week. The IPOs include Amir Chand Jagdish Kumar (Exports) IPO, Powerica IPO and Sai Parenteral's IPO, aiming to collectively raise ₹1,950 crore.
The primary market is set to see continued IPO activity as seven new initial public offerings are scheduled to open for subscription next week. Among these are three mainboard IPOs: Amir Chand Jagdish Kumar (Exports) IPO, Powerica IPO, and Sai Parenteral's IPO. Emkay Global Financial Services Ltd is the book-running lead manager for Amir Chand Jagdish Kumar (Exports) IPO, with Kfin Technologies Ltd. acting as registrar. ICICI Securities is the book-running lead manager for the Powerica IPO, while MUFG Intime India is the registrar. These IPOs are launching at a time when investor sentiment is cautious and selective. This week will also see the stock market debuts of Innovision IPO, GSP Crop Science IPO, and Novus Loyalty IPO.
Key Facts
- Seven new IPOs are scheduled to open for subscription next week.
- Three mainboard IPOs (Amir Chand Jagdish Kumar, Powerica, and Sai Parenteral) seek to raise ₹1,950 crore collectively.
- The price band for the Amir Chand Jagdish Kumar (Exports) IPO is ₹201 to ₹212 per share.
- Emkay Global Financial Services Ltd is the book-running lead manager for Amir Chand Jagdish Kumar (Exports) IPO.
- The price band for the Powerica IPO is ₹375 to ₹395 per share.
- ICICI Securities is the book-running lead manager for the Powerica IPO.
- The price band for the Sai Parenteral IPO is ₹372 to ₹392 per share.
- Investor sentiment is cautious and selective amid geopolitical developments.