Market Update: 14 IPOs Set to Close, 7 New Listings This Week

In the upcoming week, investors can anticipate a flurry of activity in the Indian stock market, with 14 initial public offerings (IPOs) drawing to a close and seven new companies making their debut on the bourses.

New Listings

In the mainboard segment, two notable debuts are scheduled for October 3rd. JSW Infrastructure, the country's second-largest commercial port operator, and Vaibhav Jewellers, a jewelry retail chain based in Andhra Pradesh, will begin trading. Market experts anticipate significant listing gains of around 15-20% for JSW Infrastructure, while Vaibhav Jewellers is expected to have a more subdued debut.

In the SME segment, Saakshi Medtech and Panels will also list their shares on NSE Emerge on October 3rd, while Mangalam Alloys and Digikore Studios will follow suit on October 4th.

Further listings include Organic Recycling Systems and Inspire Films, with trading in their shares commencing on October 5th.

IPO Closings

This week, the primary market will see the conclusion of several IPOs, presenting investors with an array of choices:

• Valiant Laboratories, a pharmaceutical company, will close its Rs 152-crore public issue on October 3rd. The IPO has been subscribed 2.17 times so far.

• Delhi-based wire manufacturer Plaza Wires will end its Rs 71-crore IPO subscription on October 5th, having been subscribed 4.68 times on the first day of bidding, September 29th.

• IT solutions firm Canarys Automations and logistics services provider Oneclick Logistics India will wrap up their public issues on October 3rd, with subscription rates of 98% and 16.49 times, respectively.

• Vinyas Innovative Technologies, E Factor Experiences (an event management company), and Goyal Salt (a raw salts refining firm) will also conclude their IPOs on October 3rd, with subscription rates of 3.03 times, 3.77 times, and an astonishing 103.71 times, respectively.

• Kontor Space, offering space-as-a-service by renting and managing commercial spaces, and Sunita Tools will close their public issues on the same day, with subscription rates of 15.76 times and 8.72 times, respectively.

• IPOs by Karnika Industries and Plada Infotech Services, with subscription rates of 12% and 1.33 times, will close on October 5th. Sharp Chucks and Machines, along with Vishnusurya Projects and Infra, will also conclude their IPOs on the same day, with subscription rates of 93% and 78%, respectively.

• Finally, the initial public offering of Vivaa Tradecom, which has garnered a 50% subscription so far, will close on October 4th.

Stay tuned for these market movements, as investors eagerly await both the closures and the exciting new listings this week.