IPO rush continues: 7 issues to raise over Rs 1,400 crore this week

Another busy week awaits the primary market, with three mainboard and four SME initial public offerings set to open, looking to raise more than ₹1,400 crore. This compares with six mainboard and seven SME IPOs that together raised more than ₹4,447 crore last week. Among the mainboard IPOs opening this week, Purple Style Labs will be the largest, looking to raise around ₹680 crore, followed by Deepa Jewellers at ₹460 crore and Rays Belief at ₹125 crore. In the SME segment, Farm Peace, Phychem Technologies, Shanti Inorganics and Ashutosh Fibre will tap the market.

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Three mainboard IPOs that opened last week – Priority Jewels, ESDS Software Solutions and Lumino Industries – will close this week. Five companies that completed their IPOs last week – Augmont Enterprises, Hy-Tech Engineers, Skyways Air Services, Symbiotec Pharmalab and Annu Projects – are scheduled to list this week. In the SME segment, the IPOs of Paluck Technologies, Complete Sports & Management India and Kwick Forensic Solutions will close this week. Sumax Engineering, ABH Healthcare and Madhur Knit Crafts, which completed their IPOs last week, are scheduled to list this week.