"Strike while the iron is hot" proverb perfectly fits into this IPO flourishing season.
Further to our previous article (Flourishing IPO in a dry spell). Around six companies will hit capital market through IPO within next two weeks. Driven by improved investor sentiments and new line of Millennial investors, capital market is expected to raise over ₹4,520 crores through IPO's.
Companies looking to raise funds through IPO from varied sectors including Online Games and Sports, Banking, Jewellery, Engineering - Auto-Component and Speciality Chemicals. IPO of these companies will start on the floor starting 12th March till 19th March. Online Games and Sports company - NazaraTechnologies along with it Small Finance Banking company - Suryoday Small Finance Bank IPO would start from 17th. Jewellery firm - Kalyan Jewellers IPO will begin from 16th. IPO of Speciality chemicals company - will start from 12th March. Manufacturer of Acetyl Intermediates and Specialty Intermediates - Laxmi Organic Industries would start subscription along with it Diversified engineering company caters to Automobile, Alumunium and industrial engineering segments, - Craftsman Automation which owns and operates 12 strategically located manufacturing facilities across seven cities in India will start from 15th March.
| Company Name | Open Date | Close Date |
|---|---|---|
| Anupam Rasayan | 12-Mar-2021 | 16-Mar-2021 |
| Laxmi Organic Industries | 15-Mar-2021 | 17-Mar-2021 |
| Craftsman Automation | 15-Mar-2021 | 17-Mar-2021 |
| Kalyan Jewellers | 16-Mar-2021 | 18-Mar-2021 |
| Suryoday Small Finance Bank | 17-Mar-2021 | 19-Mar-2021 |
| Nazara Technologies | 17-Mar-2021 | 19-Mar-2021 |
*TBA: To be Announced
Investors must remain cautious to select right IPO during this peak season. Strong Fundamentals, Promoters experience and Quality management would only remain the key success of the company in the long run.
Earlier this month we have seen two blockbuster subscriptions of MTAR Technologies and Easy Trip Planners IPO's having subscribed over 200 times and 160 times respectively. Both the IPO's ironicaly have raise over ₹1,100 crores. Several other companies are rushing to raise funds now as iron is through IPO route.
Number of companies going for IPO has increased substantially since the begenning of 2021. Almost sixteen (16) companies IPO have either raised or in process of raising funds from capital markets in the form of IPO largely led by strong investors sentiments. Would these companies give better returns to investors, only time will tell. .
Untill then, keep applying in good IPO's. Also, wait and watch on IPO dates and subscription figures to keep a tab on IPO demand.
Happy Investing!!
Source: SEBI, BSE/NSE, Merchant Banker, News sources
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