Now Reading: Nine IPOs to raise Rs 7,681 crore next week
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Nine IPOs to raise Rs 7,681 crore next week
The primary market will remain active next week with nine companies looking to raise about Rs 7,681 crore through IPOs across mainboard and SME segments. The biggest mainboard IPO is Dhoot Transmission…
The Story in Brief
The primary market will remain active next week with nine companies looking to raise about Rs 7,681 crore through IPOs across mainboard and SME segments. The biggest mainboard IPO is Dhoot Transmission (Rs 3,066.89 crore, price band Rs 829-871) opening August 10-12. Other mainboard IPOs: Milky Mist Dairy Food (Rs 1,553 crore, August 11-13), Shiprocket (Rs 1,617.48 crore, August 12-14), and Molbio Diagnostics (Rs 939.70 crore, August 10-12). In the SME segment, Sham Foam and Fascinate Textiles open on August 13, while Q&T Foods and Pramodini Medicare open on August 14.
The Indian Opinion
The flurry of IPOs often tempts retail investors to chase listings without reading the red herring prospectus. While Dhoot Transmission and Shiprocket are high-profile, their valuations and business models differ vastly, one is auto components, the other logistics. Investors should wait for the first day of listing to see whether grey market premiums hold up. A better test: compare these IPOs' price-to-earnings ratios with listed peers.
Source: livemint.com
This story was synthesised by AI from the source linked above.
