India’s primary market has a busy week ahead. According to an Upstox calendar updated on 16 October, nine companies are scheduled to list on the NSE and BSE between 21 and 23 October, and two new mainboard issues open on 21 October: Jio Platforms and Paras Healthcare.
The listings are HD Fire Protect and Vaibhav Vyapaar on 21 October; Fusion CX and Ravita Engineering Services on 22 October; and Sahajanand Medical Technologies, Tonbo Imaging, Bonfiglioli Transmissions, Zetwerk and Shellz India on 23 October. Some trackers show different dates for individual companies, so investors should check the NSE and BSE notices.
Four of the issues listing on 23 October were open for bidding in the week to 19 October. Tonbo Imaging offered shares at Rs 665 to Rs 700. Bonfiglioli Transmissions was priced at Rs 558 to Rs 586 with a lot of 25 shares. Sahajanand Medical Technologies was priced at Rs 327 to Rs 344 with a lot of 43 shares, and Zetwerk at Rs 143 to Rs 151. Fusion CX (Rs 275 to Rs 289) closed on 16 October.
Paras Healthcare is raising Rs 1,450 crore, made up of a Rs 500 crore fresh issue and a Rs 950 crore offer for sale. The price band is Rs 660 to Rs 693 and the lot size is 21 shares. It is open from 21 to 23 October, the same days as the Jio Platforms issue.
Subscription levels and grey market premiums change through the day and are not official. Readers should check the exchanges or their broker for current numbers, and this article is not investment advice.
Sources: Upstox: Upcoming IPOs next week, 9 listings scheduled; Zeebiz: Mainboard issues to open this week.
Featured image: The BSE building on Dalal Street, Mumbai (cropped). Photo by BSEINDIA, licensed under CC BY-SA 3.0, via Wikimedia Commons.