IPO Calendar: October was a busy month for stock market investors. Last month saw record-breaking activity in the IPO market. But now the first week of November and Diwali may see some slowdown in the primary market. Only one new IPO will open for investment this entire week. This will also be an SME IPO with a size of Rs. 57 crore will be less. However, despite the lack of new issues, the movement of listings in the stock market is set to be very sharp. A total of 13 companies’ shares are preparing to hit the market this week. It also includes 5 mainboard companies.
Opportunity to invest in Vedanta Poly Fabs IPO
The only IPO to open for investment in the first week of November is that of Vedanta Poly Fabs Ltd. This SME IPO of the company is worth Rs 56.68 crore. Investors will be able to invest money in it between November 2 and November 4. The company has fixed a price band of Rs 88 to Rs 94 per share for its shares. Through this issue, the company issued 54.26 lakh new shares at Rs. 51.01 crore will be collected. Apart from this, 6.04 lakh shares will be sold under Offer for Sale (OFS), of which about Rs. 5.67 crore will be collected.
If a retail investor wants to bid in this IPO, he has to apply for at least 2,400 shares. If we look at the upper price band, a retail investor should invest at least Rs. 2,25,600 has to be invested. The company’s share allotment is expected to be finalized on November 5. After this, its shares may be listed on the NSE SME platform on November 9. Vedanta Poly Fabs primarily deals in the manufacturing of flexible packaging materials. The company manufactures products such as shrink film, printed laminates and packaging pouches. These items are used in the packaging of food items and consumer goods.
Investors will be watching the Bombay Coated Steels issue
Apart from the new IPO, investors will also be keeping an eye on the mainboard IPOs of Bombay Coated and Special Steels this week. This IPO of 183.06 crore was opened last month on October 29. The last date for withdrawing money is 2nd November. This IPO is a completely fresh issue, under which the company has issued 2.23 crore new equity shares. For this, the price band has been fixed at 78 to 82 rupees per share. Retail investors have to bid for at least 182 shares. According to the upper price band, the minimum investment amount is Rs 14,924.
Bombay Coated has received good response from the market in the first two days. As of 30 October, the issue had been subscribed a total of 3.98 times. Of this, Qualified Institutional Buyers (QIB) accounted for 6.89 times and the retail category accounted for 3.17 times. The company’s share allotment is expected to be finalized on November 3, while its listing on BSE and NSE is possible on November 5. The company is engaged in the business of steel processing. It processes steel coils and manufactures products used by companies in the automobile, home appliances and engineering sectors.
13 companies will be listed in the stock market
It may be quiet on the new IPO front, but this week will be action-packed in terms of listings. A total of 13 companies are expected to list on the stock market between November 2 and November 6, some of which closed the IPO last week. However, these dates are also subject to change as per the final schedule of the exchange.
Five companies are slated to list in the mainboard category this week. The first listing of the EAAA India Alternatives IPO will take place on 2nd November. After this, on November 3, the SFC Environmental Technologies IPO will hit the market along with the BLS Polymers IPO. The MK Sons Fine Jewels IPO will list on November 4, while the listing of Bombay Coated and Special Steels is expected to be finalized on November 5.
A total of 8 companies are ready to enter the market in the SME category. Viscon Industries’ IPO will be listed on November 3rd. Carver Roboweld IPO shares will be listed on November 4 along with Ajawa Projects’ IPO. Antala Industries IPO will hit the market on 5th November. On the last trading day of the week i.e. 6th November, four SME companies will be listed simultaneously. These include Johnson Cab Electricals IPO, Maxwell Engineering Solutions IPO, Vectras Enprocon IPO and HGS (India) IPO.
