"Strike while the iron is hot" proverb perfectly fits into this IPO flourishing season.
Further to our previous three articles on IPO seasons 1) (IPO Season is back with diversified sectors) 2) (Flourishing IPO in a dry spell) and 3) (IPO season is back; But too many irons in the fire). Around eight (8) companies will hit capital market through IPO within next one-two weeks. Driven by improved investor sentiments and new line of Millennial investors, capital market is expected to raise over another thousand/s crores through IPO's.
Companies looking to raise funds through IPO from varied sectors including Wires and Cable, Hotels, Fintech, Online Travel, Textile, Gems and Jewellery and Infrastructure. IPO of these companies will start on the floor beginning 13th September. This week will be jam packed with IPO's from wire and cable company - R R Kabel which will begin on 13th September. Three (3) IPO's would begin on 14th September a) Hotel Chain operator Samhi Hotels IPO b) Fintech player - Zaggle Prepaid Ocean Services and c) Online Travel Player - Yatra.com will begin their subscriptions. Forthcoming IPO's in next week would be in the pipeline are Textile player - Sai Silks (Kalamandir) Limited, Gems and Jewellery player Manoj Vaibhav Gems 'N' Jewellers Limited and Steel baron - JSW's Sajjan Jindal promoted port operator company JSW Infrastructure Limited.
Many more IPO's are lined up to hit capital market in the coming months.
Many more IPO's are lined up to hit capital market in the coming months.
| Company Name | Open Date | Close Date |
|---|---|---|
| R R Kabel | 13-Sep-2023 | 15-Sep-2023 |
| Samhi Hotels | 14-Sep-2023 | 18-Sep-2023 |
| Zaggle Prepaid Ocean Services | 14-Sep-2023 | 18-Sep-2023 |
| Yatra.com | 14-Sep-2023 | 18-Sep-2023 |
| Sai Silks (Kalamandir) | 20-Sep-2023 | 22-Sep-2023 |
| Signatureglobal (India) | 20-Sep-2023 | 22-Sep-2023 |
| Manoj Vaibhav Gems 'N' Jewellers | 22-Sep-2023 | 26-Sep-2023 |
| JSW Infrastructure | 25-Sep-2023 | 27-Sep-2023 |
*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.
During the past IPO season, we have seen too many blockbuster IPO's with mind boggling subscriptions. Companies have raised over thousands of crores through IPO's in the past. 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 mid of 2023. Companies are lined up to raise funds 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!!
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