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IPO Frenzy: NSE, Hero Motors, and More Launch This Week!
14 Sep
Summary
- NSE IPO opens September 17, aiming for ₹22,569 crore.
- Five IPOs will open for subscription this week.
- Grey market indicates potential listing gains for IPOs.
This week is set for a surge in IPO activity, with approximately five new issues opening for subscription and an estimated ten listings. The Bombay Stock Exchange and National Stock Exchange will be closed on September 14 for Ganesh Chaturthi, with IPO activities resuming on September 15.
The National Stock Exchange (NSE) IPO is slated to open for public subscription on September 17 and will close on September 21. This offer for sale aims to raise between ₹21,494 crore and ₹22,569 crore, with bidding for anchor investors scheduled for September 16.
Several other companies are also launching their IPOs. SS Retail's IPO, seeking to raise up to ₹360 crore through a fresh issue and ₹140 crore via an OFS, will open on September 16. Jindal Supreme (India) Ltd will open its ₹125 crore IPO, comprising a fresh issue and an OFS, on the same day.
Hero Motors Ltd, an auto parts manufacturer, will also launch its ₹1,000 crore IPO on September 16, with a mix of fresh issue and OFS components. Recent grey market activity indicates a positive outlook for these IPOs, with estimates suggesting potential listing gains.
