Business: India’s primary market will see significant market activity related to the listing of the much-awaited initial public offerings (IPOs) of NTPC Green Energy, Enviro Infra Engineers and two other small and medium enterprise (SME) public issues. Along with this, six other SME IPOs will also open this week starting November 25.
The stock market recovered with a gain of more than 2 percent after falling more than half a percent on Friday, including index heavyweights like Reliance, Infosys, ICICI Bank and TCS. The Nifty 50 closed 2.39 percent higher at 23,907.25 points after Friday’s trading session, compared to 23,349.90 points at the previous market close.
The BSE Sensex index closed 2.54 percent higher at 79,117.11 points compared to its previous close of 77,155.79 points. Despite challenges in the market due to Adani shares falling due to allegations from the US securities regulator, the entire third week of November remained quite active for the primary markets.
Looking ahead, the list of upcoming IPOs next week includes six SME IPOs that aim to raise funds from the public markets in the last week of November.
Rajputana Biodiesel Limited IPO
Rajputana Biodiesel Limited, a producer and supplier of biofuel and by-products, is offering a fresh issue of 19 lakh shares through a book-built issue with an aim to raise ₹24.70 crore from the stock market.
The public issue will open on Tuesday, November 26 and close on Thursday, November 28. The shares are expected to be listed on the NSE SME index on Tuesday, December 3.
The company has fixed a price band of ₹123 to ₹130 per share for the issue, with a face value of ₹10 per share and a lot size of 1,000 shares per lot. Retail investors have to invest a minimum of ₹1,30,000, and HNIs have to invest a minimum of 2 lots (2,000 shares), amounting to ₹2,60,000.
GYR Capital Advisors Pvt Ltd is the book runner, while Mashitla Securities Pvt Ltd is the registrar for the issue. Giriraj Stock Broking is the market maker for Rajputana Biodiesel IPO.
