Muted IPO Activity Expected Next Week with One Opening and Three Listings
IPO activity remains muted next week with just one issue opening; three listings lined up
The Economic TimesImage: The Economic Times
The primary market anticipates a quiet week with only one IPO from Leapfrog Engineering Services, aiming to raise approximately ₹89 crore. Three companies, including Mehul Telecom and Citius Transnet Investment Trust, are set to list following previous offerings, but investor sentiment remains cautious with grey market premiums at zero.
- 01Only one IPO, Leapfrog Engineering Services, scheduled to open next week.
- 02The IPO aims to raise ₹89 crore with a price band of ₹21–23 per share.
- 03Three companies are set to list, but grey market premiums are currently at zero.
- 04Investor sentiment is cautious, focusing on quality and valuation.
- 05Future IPO activity may increase if market conditions remain stable.
Advertisement
In-Article Ad
The primary market is gearing up for a quiet week, with only one IPO from Leapfrog Engineering Services scheduled to open for subscription from April 23 to April 27. This SME IPO aims to raise approximately ₹89 crore at a price band of ₹21–23 per share. Retail investors will need to invest around ₹2.76 lakh for a minimum bid of 12,000 shares. Meanwhile, three companies, Mehul Telecom, Citius Transnet Investment Trust, and Property Share Investment Trust, are set to list, but grey market premiums are currently at zero, indicating muted expectations for their debuts. Analysts note that while broader equity markets have shown resilience, investor participation in the primary market is selective, with a focus on quality and valuation comfort rather than speculative gains. With only one IPO on offer, the near-term outlook appears subdued, though activity may pick up if market conditions stabilize and larger issues enter the pipeline.
Advertisement
In-Article Ad
The muted IPO activity may affect retail investors' opportunities in the primary market, potentially limiting access to new investment avenues.
Advertisement
In-Article Ad
Reader Poll
What do you think about the current IPO market conditions?
Connecting to poll...
Read the original article
Visit the source for the complete story.

