• Source:JND
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IPO Next Week: At a time when the Indian stock market is witnessing immense pressure due to weak global cues, rising oil prices, weak investors' sentiment amid the ongoing war between the US and Iran and Israel in the Middle East, the primary market will remain busy during all five trading sessions next week (March 9 to 13).  

Three companies, including Rajputana Stainless, Innovision Ltd, and Rajmarg Infra Investment Trust, will float their initial public offering (IPO), keeping the IPO market busy despite bearish sentiment. However, the current market scenario hit grey market activities.

Three out of four companies have a fixed price band for their initial share sale, while Skyways Air Services has yet to announce a price band. However, the bidding dates, GMP and other information are available in the public domain. 

Also Read: SEDEMAC Mechatronics IPO Day 3: GMP Indicates Subdued Listing, Share Sale Not Fully Subscribed; Details

IPO Opening Next Week (March 9 To March 13)

Rajputana Stainless IPO 

The Rs 254.98 crore IPO of Rajputana Stainless will open for subscription on March 9 and will conclude on March 11. The price band for the book build issue have been fixed at Rs 116-Rs 122 per share, and bidders have to buy a lot of 110 shares to place a bid. 

The Rajputana Stainless shares are expected to list on the bourses on March 16. 

Meanwhile, the grey market premium of the Rajputana Stainless is zero on Friday as the shares have not started trading in the unofficial market yet, according to grey market tracking websites.  

Innovision Ltd

Innovision IPO will open for public subscription between March 10 and March 12. The price band has been fixed at Rs 521 to Rs 548 per share for the Rs 322.84 crore initial share sale. Investors have to buy a lot of 27 shares to place a bid. 

The share is expected to list on stock exchanges on March 17. 

Also Read: Stock Market Today Update: Equity Indices Drag Swiftly Post Last Day's Rally; Sensex Down 350 Points

The demand for Innovision's shares has not been seen in the unofficial market till Friday evening, according to Investorgain, meaning the GMP for the IPO is zero. 

Raajmarg Infra Investment Trust 

The Rs 6,000 crore initial share sale of the National Highway Authority of India (NHAI) backed Raajmarg Infra Investment Trust will open for public subscription on March  11. The share sale will close on March 13, and the listing of shares is expected to be done on March 24. 

The price band has been fixed at Rs 99-100 per share

According to Investorgain, a grey market tracking platform,  the shares of Raajmarg Infra Investment have not started any trading in the unofficial market, keeping the GMP zero.  


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