Skip to main content

Record IPOs knock-on- the market amid robust response & Navratri fever

Auspicious time of Navratri and runaway returns delivered by some recent issues set the mood for record number of 14 SME (small and medium enterprises)  IPOs that have approached the primary market this week, including Concord Control Systems, Cargotrans Maritime, Lloyds Luxuries, Cargosol Logistics, Silicon Rental Solutions, Vedant Asset, Isolation Energy,   Cyber Media Research, Indong Tea, MaaghAdvertising, QMS Medical, Reetech International Cargo & Courier, Steelman Telecom, Swastik Pipe and Trident Lifeline.


The data compiled by Aaryana Matasco, an emerging company Investor Relations and PR Firm, shows the record for highest number of SME IPOs in a single month that was 24, witnessed in October 2018 is also being broken this month with the launch of 27 IPOs in September 2022.  

The secondary markets have been volatile, but demand for SME IPOs has been better this year. This year, the demand to list on the SME platform has been robust compared to 59 listings in 2021 which raised total amount Rs 787 crore. A total of 79 IPOs have debuted on the SME platforms and successfully raised Rs 1363 crore so far in 2022 calendar year.

Market experts believe the bearishness in the broader market and the slowing global economies did not impact SME issue offers. India is better placed to deal with ongoing economic challenges compared to many of our peer group countries.  Therefore, despite volatile market conditions, the Indian IPO market continues to see new offerings from a diverse array of sectors. As the market sentiment improves the activities will gain pace.

 

 

Comments

Post a Comment

Popular posts from this blog

TBZ unveils its Bridal Collection – Designed for Desire!

Post a Comment
Read more

PC Jeweller introduces ‘luxury with literature’ lounge concept ahead of Diwali celebrations

PC Jeweller has enthralled full swing into preparations with new innovations and beautification ahead of the most awaited festival of the year Diwali. To begin the same, PCJ has reworked its flagship store in Karol Bagh’s Bank Street and has also introduced a new concept of ‘Luxury with Literature’ Lounge for the elite high end customers the company caters to. The official curtain raiser for the showroom was held with much fervour and cheering. On the concept, Mr. Balram Garg, MD, PCJ explains, “The Karol Bagh showroom is the place from where PCJ started its legacy so a lot of sentiments attached to it. We thought to rework the whole place to bring in the contemporary look as we put in our designs. A customer when enters the showroom should immediately connect to the place and should be motivated to buy and not feel like just another shop. We have tried to bring in all the comfort factors, more innovative designs, prominent and soothing interiors which can involve the buyer into t
Post a Comment
Read more

President of Zanzibar visits Everest Spices Manufacturing Facility in Mumbai

Everest Spices signs MOU with Zanzibar to set up spices manufacturing unit in Africa Mumbai, February 10, 2014: Everest Spices, India’s leading spice manufacturer, distributor and marketer, signed an MOU with Zanzibar to set up its first overseas spices manufacturing unit in the African country. The MOU was signed on the occasion of the visit of His Excellency Dr. Ali Mohammed Shein, President of Zanzibar & Chairman of the Revolutionary Council (Zanzibar), visited the ultra modern Manufacturing facility of Everest Spices (makers of Everest Masala), a leading manufacturer and distributor of spices in Mumbai. He was given a warm reception on his arrival by Mr. Vadilal Shah, Chairman together with Mr. Sanjeev Shah & Mr. Rajeev Shah, Executive Directors, Everest Spices. His Excellency Dr. Ali Mohammed Shein, President of Zanzibar & Chairman of the Revolutionary Council (Zanzibar), said, “This is my second visit to India and we, in Zanzibar & Tanzania have been
Post a Comment
Read more