This week three companies are set to open their IPO subscriptions, including one mainboard and two SME IPOs, aiming to raise over 137 crores from the primary market.
This week in India, investors can look forward to the opening of three IPOs, which include one from the mainboard and two from the SME sector. Collectively, these two SME IPOs aim to raise more than 137 crores from the primary market. The primary focus is on the upcoming Fractal Industries IPO, which is launching on February 16th and will last until February 18th for bidding. With a size of 49 crores, Fractal Industries, a garment manufacturing and supply chain company, will issue shares at a face value of 10 rupees.
Fractal Industries serves major online platforms like Myntra, Ajio, and Flipkart, positioning itself as a key player in the garment design and manufacturing industry. The IPO is priced between 205-216 rupees per share, and investors will need to apply for a minimum lot size consisting of 600 shares. The opening of these IPOs holds significance for investors seeking opportunities in the market, particularly in the SME segment, which is showing growth potential amidst a recovering economic landscape.
As the Indian market continues to evolve, such IPOs represent both a chance for companies to raise capital and for investors to diversify their portfolios. The upcoming weeks will likely see more activity in the primary market as confidence in IPO investments grows, prompted by positive market sentiment and ongoing interest in the new companies entering the public space.
