The Indian share market has been buzzing with activity as several new Initial Public Offerings (IPOs) have made their debut. Among the latest entrants are Trust Fintech, SRM Contractors, Vruddhi Engineering Works, Blue Pebble, Aspire & Innovative, Radiowalla, TAC Infosec, GConnect Logitech, Yash Optics & Lens, Jay Kailash Namkeen, Aluwind Architectural, K2 Infragen, and Creative Graphics Solutions India.
One of the most anticipated IPOs is that of Bharti Hexacom. The company has fixed a price band of Rs 542-570 per share for its maiden public offer. At the upper end, the company plans to raise Rs 4,275 crore. The current Grey Market Premium (GMP) is Rs 40 in the unlisted market, indicating strong investor interest.
Another noteworthy IPO is that of SRM Contractors. The allotment of this IPO is expected to be finalized soon. This comes on the heels of the successful IPO of Canara Bank’s stake in Canara Robeco MF.
The IPO market in FY25 is expected to see a pipeline of Rs 70,000 crore, featuring some household names. This indicates a robust outlook for the Indian share market in the coming fiscal year.
Investors are advised to carefully consider their investment decisions and consult with their financial advisors. The stock market is subject to market risks, and past performance is not indicative of future results.
Stay tuned for more updates on the latest IPOs in the Indian share market.
