After several busy weeks, activity in the primary market is expected to remain muted in the first week of November, with only one initial public offering (IPO) opening for subscription. Meanwhile, 13 companies are set to make their stock market debut next week, starting November 2.
The only IPO opening next week belongs to the SME segment, while the mainboard segment will remain inactive.
Flexible packaging materials manufacturer Vedant Poly Fabs is set to open its Rs 56.68-crore IPO for public subscription on November 2. The company has fixed the price band at Rs 88-94 per share. The issue will close on November 4.
The IPO comprises 60.3 lakh shares, including a fresh issue of 54.26 lakh equity shares and an offer for sale (OFS) of 6.03 lakh shares by promoter entity Sethsawaria Poly Fab LLP.
Meanwhile, Bombay Coated & Special Steels, a mainboard company, will close its Rs 183-crore public issue on November 2.