Meanwhile, the equity benchmark Sensex and Nifty were trading flat with a negative bias. The…
These companies will launch IPOs in India next week
What’s the story
India’s primary market is gearing up for a flurry of activity with three new public issues worth over ₹1,750 crore opening for subscription next week.
The companies include Orkla India, Game Changers Texfab, and Jayesh Logistics in both mainboard and SME segments.
The renewed action could pave the way for a busy month as the market nears record highs and investor interest in new issues returns.
Orkla India to raise ₹1,668cr
The biggest event of the week is Orkla India’s ₹1,668 crore IPO.
The Indian arm of Norwegian food and consumer goods giant Orkla ASA, will open on October 29 and close on October 31. The price band has been fixed at ₹695-730 per share.
ICICI Securities is the book-running lead manager for this pure offer-for-sale (OFS) issue which will list on both BSE and NSE.
SME issues from Game Changers Texfab and Jayesh Logistics
Textile maker Game Changers Texfab will open its ₹54.84 crore SME IPO on October 28, closing on October 30.
The price band has been fixed at ₹96-102 per share for this issue which will list on BSE SME.
Meanwhile, logistics services provider Jayesh Logistics will open its ₹28.63 crore IPO on October 27 and close on October 29, with a price band of ₹116-122 per share.
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