Activity is set to pick up in the primary market in the week beginning October 12, following a relatively muted previous week, with nine companies scheduled to launch their initial public offerings (IPOs), including six from the mainboard segment.
The nine companies are looking to raise a combined Rs 10,506 crore through their IPOs, comprising issues worth Rs 10,288 crore in the mainboard segment and Rs 218 crore in the small and medium enterprise (SME) segment.
Three IPOs are scheduled to open for public subscription on October 13, including that of mainboard company HD Fire Protect.
Mumbai-based HD Fire Protect, a manufacturer of fire protection equipment and systems, aims to raise Rs 712.3 crore through an IPO of 2.62 crore equity shares. The company has fixed the price band at Rs 258–271 per share.
Digital lending company Vaibhav Vyapaar and Kolkata-headquartered electro-mechanical projects and services provider Ravita Engineering Services, both from the SME segment, will also open their IPOs on October 13. The two companies aim to raise Rs 42.1 crore and Rs 116.05 crore, respectively.