Primary Market Activity To Slow In First Week Of November As Just One IPO Opens; 13 Companies Set For Stock Market Debut

After several busy weeks, activity in the primary market is set to slow in the first week of November. Only one fresh initial public offering (IPO) will open for subscription, while 13 companies are scheduled to list on the stock exchanges during the week.

The only new issue will come from the small and medium enterprise (SME) segment. The mainboard segment will have no fresh IPO opening during the week.

Flexible packaging materials manufacturer Vedant Poly Fabs will launch its ₹56.68-crore IPO today. The issue will remain open until 4 November, with the company setting a price band of ₹88-94 per share.

The Vedant Poly Fabs IPO comprises 60.3 lakh equity shares. This includes a fresh issue of 54.26 lakh shares and an offer for sale (OFS) of 6.03 lakh shares by promoter entity Sethsawaria Poly Fab LLP. Meanwhile, Bombay Coated & Special Steels will close its ₹183-crore mainboard IPO today.

IPOs Closing This Week

Alongside Bombay Coated & Special Steels, five SME IPOs will close during the first few days of this week.

Antala Industries will close its public issue today. Johnsoncab Electricals, HGS (India), Vectras Enprocon and Maxwell Engineering Solutions will follow, with their IPOs scheduled to close on 3 November.

13 Companies To Make Stock Market Debut

While fresh IPO activity will remain limited, 13 companies are scheduled to make their stock market debut next week.

Alternative investment management platform EAAA India Alternatives will be the first among them to list today.

The mainboard listing schedule includes BLS Polymers and SFC Environmental Technologies on 3 November. M K Sons Fine Jewels will debut on 4 November, followed by Bombay Coated & Special Steels on 5 November.

The SME segment will account for eight of the 13 listings. Wiscon Industries will make its debut on 3 November, followed by Carver Roboweld and Ajwa Projects on 4 November. Antala Industries will list on 5 November. All four companies will debut on the BSE SME platform.

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