The primary market will see two public issues open for subscription this week, even as seven companies prepare to make their debut on the stock exchanges.
Excelsoft Technologies IPO
The public offer of Excelsoft Technologies will open on November 19 and close on November 21. The company plans to raise ₹500 crore through a combination of a fresh issue of ₹180 crore and an offer for sale of ₹320 crore.
The price band has been set at ₹114–₹120 per share. Anand Rathi Advisors is the book-running lead manager, while MUFG Intime India is the registrar.
Gallard Steel IPO
The ₹37.50 crore IPO of Gallard Steel will also open on November 19 and remain available for bidding till November 21. The SME issue consists entirely of a fresh issue of 0.25 crore equity shares.
The price band is ₹142–₹150 per share. Seren Capital is managing the issue, and Ankit Consultancy is the registrar.
Seven IPO Listings Scheduled
A busy week is lined up on the listing front with seven companies set to list their shares on the BSE, NSE and BSE SME platforms:
PhysicsWallah – November 18
Emmvee Photovoltaic – November 18
Workmates Core2Cloud (SME) – November 18
Mahamaya Lifesciences (SME) – November 18
Tenneco Clean Air – November 19
Fujiyama Power Systems – November 20
Capillary Technologies – November 21
Market watchers expect steady participation in this week’s offerings, with listing performance likely to set the tone for sentiment in the broader primary market.
