Two new IPOs to open for subscription this week
The Indian stock market is set to witness a flurry of activity this week, with two new initial public offerings (IPOs) opening for subscription and seven existing ones scheduled for listing. The mainboard IPO of Excelsoft Technologies and the SME IPO of Gallard Steel will open for subscription on November 19, providing investors with new opportunities to invest in the stock market.
Excelsoft Technologies’ ₹500-crore IPO
The mainboard IPO of Excelsoft Technologies, a leading provider of educational software and services, will open for subscription on November 19 and will close on November 21. The company aims to raise ₹500 crore through its IPO, which will be used to fund its expansion plans, repay debt, and enhance its technology infrastructure. The issue consists of a fresh issue of equity shares aggregating up to ₹200 crore and an offer for sale of up to ₹300 crore by existing shareholders.
Excelsoft Technologies has a strong track record of growth, with its revenue increasing at a compound annual growth rate (CAGR) of 20% over the past three years. The company’s profit after tax has also grown at a CAGR of 25% during the same period. The company’s IPO is expected to attract strong interest from investors, given its strong financial performance and growth prospects.
Gallard Steel’s ₹37.50-crore IPO
On the SME front, Gallard Steel’s ₹37.50-crore IPO will also open for subscription on November 19. The company is a leading manufacturer of steel products, including steel bars, angles, and channels. The issue consists of a fresh issue of equity shares aggregating up to ₹25 crore and an offer for sale of up to ₹12.50 crore by existing shareholders.
Gallard Steel has a strong presence in the steel industry, with a diverse product portfolio and a strong customer base. The company’s revenue has grown at a CAGR of 15% over the past three years, while its profit after tax has grown at a CAGR of 20% during the same period. The company’s IPO is expected to provide investors with an opportunity to invest in a growing steel company with a strong track record of performance.
Seven existing IPOs scheduled for listing
In addition to the two new IPOs, seven existing IPOs are scheduled for listing this week. The most notable listing is that of PhysicsWallah, which will list on November 18. PhysicsWallah is an ed-tech company that provides online educational services to students. The company’s IPO was oversubscribed multiple times, indicating strong interest from investors.
The other six IPOs scheduled for listing this week include those of companies from diverse sectors, such as finance, healthcare, and technology. These listings will provide investors with an opportunity to buy and sell shares of these companies, and will also help to gauge the market’s sentiment towards these companies.
Investor interest in IPOs
The Indian IPO market has witnessed a surge in activity in recent times, with several companies raising funds through IPOs. Investor interest in IPOs has been strong, with many issues being oversubscribed multiple times. This is indicative of the strong appetite for equities among investors, driven by the growth prospects of the Indian economy and the potential for long-term returns from the stock market.
However, investors should also exercise caution when investing in IPOs, as the performance of these companies can be volatile in the short term. It is essential to conduct thorough research and analysis before investing in any IPO, and to consider factors such as the company’s financial performance, growth prospects, and industry trends.
Conclusion
In conclusion, the two new IPOs opening for subscription this week provide investors with new opportunities to invest in the stock market. Excelsoft Technologies’ ₹500-crore IPO and Gallard Steel’s ₹37.50-crore IPO are expected to attract strong interest from investors, given the strong financial performance and growth prospects of these companies. The seven existing IPOs scheduled for listing this week will also provide investors with an opportunity to buy and sell shares of these companies, and will help to gauge the market’s sentiment towards these companies. As always, investors should conduct thorough research and analysis before investing in any IPO, and should consider factors such as the company’s financial performance, growth prospects, and industry trends.
