IPOs This Week: Blue Jet Healthcare IPO to On Door Concepts IPO; 5 New Issues, 2 Listings

The Indian primary market continues to be a hotbed of activity, with a flurry of initial public offerings (IPOs) and new listings capturing the attention of investors. In the third week of October, we’re gearing up for more action, as a host of companies prepare to open for subscription and get listed on the stock exchanges. This market dynamism speaks volumes about India’s economic resilience and its appeal as an investment destination, as noted by Mahavir Lunawat, Managing Director at Pantomath Capital Advisors Pvt. Ltd, a mid-market investment bank.

Let’s dive into the key offerings that will be the focus of the coming week, from the much-anticipated Blue Jet Healthcare IPO to other exciting companies entering the market.

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Blue Jet Healthcare IPO

The Blue Jet Healthcare IPO is set to open for subscription on Wednesday, October 25, and will close on Friday, October 27. This IPO, with a price band ranging from ₹329 to ₹346 per equity share of face value ₹2, is a book-built issue aiming to raise ₹840.27 crore. Notably, this offering consists entirely of an offer for sale of 2.43 crore shares. Blue Jet Healthcare Limited’s entrance into the primary market has garnered considerable attention, and investors are keenly watching this opportunity.

On Door Concepts IPO

On Door Concepts, an e-commerce website specializing in grocery and home essentials, is also set to make its debut on the stock exchange. The SME IPO will open for subscription on October 23, 2023, and will close on October 27, 2023. This IPO is a fixed price issue, targeting ₹31.18 crore, and comprises entirely of a fresh issue of 14.99 lakh shares. The convenience and e-commerce sector have seen remarkable growth in recent times, making On Door Concepts’ IPO all the more intriguing.

Paragon Fine And Speciality Chemicals IPO

Paragon Fine And Speciality Chemicals is another company to keep an eye on. This SME IPO opens for subscription on October 26, 2023, and closes on October 30, 2023. The IPO is a book-built issue, with a target of ₹51.66 crore and comprises entirely of a fresh issue of 51.66 lakh shares. The price band for this IPO is set at ₹95 to ₹100 per share. Paragon Fine And Speciality Chemicals is involved in custom synthesis and the manufacturing of specialty chemicals, a sector that has been experiencing growth in demand due to various industries’ needs.

Shanthala FMCG Products IPO

Shanthala FMCG Products, a distributor in the fast-moving consumer goods (FMCG) sector, is gearing up for its SME IPO. The subscription window for this IPO opens on October 27, 2023, and closes on October 31, 2023. Shanthala FMCG Products IPO is a fixed price issue, targeting ₹16.07 crore, and comprises entirely of a fresh issue of 17.66 lakh shares. With the Indian FMCG sector continuously expanding, this IPO presents an attractive opportunity for investors.

Maitreya Medicare Limited IPO

For those interested in the healthcare sector, Maitreya Medicare Limited, a multispeciality hospital, is entering the market. The SME IPO opens for subscription on October 27, 2023, and closes on November 1, 2023. This IPO is a book-built issue with a target of ₹14.89 crore and comprises entirely of a fresh issue of 18.16 lakh shares. The price band for the Maitreya Medicare Limited IPO is set at ₹78 to ₹82 per share. Healthcare remains a critical and resilient sector, making this offering particularly appealing.

New Listings:

In addition to the new IPOs, there are two companies that are set to be listed on stock exchanges.

  • Arvind and Company Shipping Agencies Limited: The shares of this SME IPO are expected to be listed on NSE SME on Wednesday, October 25. Investors who subscribed to this issue will see the shares credited to their demat accounts on Monday, October 23.
  • WomanCart Limited: Shares of the WomanCart SME IPO will be listed on NSE SME on Friday, October 27. The allotment will be finalized on October 23, and refunds will be initiated on October 25, with shares credited to demat accounts on October 26.

As the Indian primary market continues to surge with new listings and IPOs, investors have a diverse array of options to explore. Each of these companies represents a unique opportunity to participate in India’s growing economy, spanning sectors from healthcare and FMCG to e-commerce and specialty chemicals. Keep an eye on these offerings and listings to make informed investment decisions and be part of India’s vibrant economic landscape.

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