Upcoming IPO: Luxury watch seller company Athos said on Wednesday that its IPO will open on May 18. The price band for this issue of Rs 472 crore has been fixed at Rs 836-878 per share.
Another IPO is in line to open next week. Luxury watch seller company Ethos said on Wednesday that its IPO will open on May 18. The price band for this issue of Rs 472 crore has been fixed at Rs 836-878 per share. The company said in a press conference organized through video conference that the IPO will close on May 20.
Fresh shares worth Rs 375 crore will be issued under the IPO. at the upper end of the price bandIPO472.3 crore is expected to be received from Rs. Player Ethos will use the proceeds of the IPO for debt repayment, working capital requirements, opening new stores and for general corporate purposes. This week also 3 IPOs have been opened. Today, two IPOs were opened on Wednesday and one on 10 May i.e. yesterday. The IPO market has once again gained momentum.
LIC listing next week
LIC shares will also be listed next week. LIC shares will be listed on BSE and NSE on May 17. The allotment of its shares will take place on May 12. However, the effect of market volatility is also visible on the IPO market. LIC shares have weakened in the gray-market condition.
Two IPOs opened today
Today, on Wednesday, May 11, two IPOs have been opened. These include logistics chain company Delhivery and pipe maker Venus Pipes. Both the issues will be open for investors till May 13. The IPO of the country’s leading wealth management company Prudent Corporate Advisory Services was open on Tuesday as well. It has got a good response from retail investors.
Recently, Hyderabad-based multi-specialty pediatric hospital chain Rainbow Children’s Medicare and Campus Activewear have been listed. There has been a weak listing of both the IPOs. Therefore, the sentiment of the primary market looks a bit weak.
However, the effect of volatility in the market can be seen on the IPO market. The position of LIC IPO in the gray market is getting weaker. Along with the global market, the domestic market is also going through huge ups and downs. Today on Wednesday, Indian markets closed in decline. Nifty has remained below 16500 for the last several days.
