IPO Buzz: 4 IPOs And Factors To Hit The Market This Week

The domestic share market completed a tumultuous week with small gains, but market players were kept on their toes. Despite the positive GDP figures, the new Covid-19 variant ruined the equity numbers.

This week during December 6th and 14th, four companies‚ÄĒRateGain Travel Technologies, Shriram Properties, CE Info Systems (MapmyIndia), and Metro Brands, which is supported by Rakesh Jhunjhunwala‚ÄĒwill debut their deals.

Furthermore, on December 6, Anand Rathi Wealth, which has been subscribed 3.02 times, will finish its IPO.

The 79 percent subscribed Star Health & Allied Insurance IPO, which is sponsored by Jhunjhunwala, is expected to list on December 10.

Anand Rathi Wealth

  • The IPO date for Anand Rathi Wealth is December 2-6.¬†
  • Price range: 530-550 rupees per share¬†
  • Day 2 subscription: 3.02 times 1.2 crore shares are up for grabs in the first public offering (IPO).
  • The lot size (retail investors): Rs 14,850 for a single lot of 27 shares

RateGain Travel Technologies

  • The IPO date for RateGain Travel Technologies is December 7-9.
  • The price range is Rs 405-425 per share.
  • Rs 375 crore new issue
  • 2.26 crore shares were sold in the first public offering (IPO).
  • Size of the IPO: Rs 1,336 crore

Shriram Properties

  • Dates for the first public offering are December 8-10.
  • Price range: 113-118 rupees per share
  • Rs 250 crore for a new issuance
  • OFS: 350 crore rupees
  • The IPO would be worth Rs 600 crore.

CE Info Systems (MapmyIndia)

  • Dates for the first public offering are December 9-13.
  • Price range: unspecified
  • N/AOFS: 1.006 crore shares¬†
  • Size of the IPO: Rs 1,200 crore

Factors that will affect the IPO numbers this week:

RBI MPC Meet

The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) will meet from December 6 to 8. The committee will convene in the middle of growing inflation and the threat of Omicron. The RBI is likely to keep rates on hold, and markets will be paying close attention to the governor’s remarks.

Omicron Panic

The emergence of new coronavirus types has alarmed traders throughout the world, raising fears of a worldwide economic slowdown. The new form, according to the World Health Organization, is less dangerous but more likely to spread quickly. Any return to normalcy or restrictions on movement is likely to depress feelings even more.

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