New Listing

SEBI has granted approval for public offerings by Amagi Media Labs, Sahajanand Medical, and Fractal Analytics, paving the way for significant fundraising. The companies will utilize the funds for technology, acquisitions, and general corporate needs, with IPOs managed by top investment firms.

Trualt Bioenergy debuted on Dalal Street with a 6.65% gain at ₹529, lower than the listing price of ₹545. Investors are advised to book partial profits, retaining some shares with a stop loss at ₹520. The issue was subscribed 75 times during its bidding period between September 25 and 29.

Sambhv Steel Tubes will launch its IPO from June 25 to June 27, targeting ₹540 crore at a price range of ₹77-82 per share. The company focuses on manufacturing ERW steel pipes and aims to enhance its production capabilities.

Next week will see 17 new IPOs opening for subscription, including notable listings from Influx Healthtech and Aakaar Medical Technologies, with dates ranging from June 23 to June 30.

Prostarm Info Systems' IPO opens for subscription on May 27, aiming to raise ₹168 crore through 1.60 crore shares priced between ₹95 and ₹105. The offering allocates 50% for QIBs, 35% for NIIs, and 15% for retail investors.

India's primary market is seeing renewed IPO activity with nine companies listed in May, signaling improved sentiment. Overall, 79 companies have entered the exchanges in the current calendar year so far.

Enviro Infra Engineers plans to launch its IPO on Friday to raise ₹650.43 crore. The company specializes in water and wastewater treatment, benefiting from government projects and initiatives, with a strong emphasis on sustainable growth and financial performance.

The allotment process for Shubhshree Biofuels IPO is finalized today after being oversubscribed 132 times. Shares will be allocated proportionally to retail investors, with refunds starting on September 13, 2024. The IPO is expected to list on the NSE SME platform around September 16, 2024.

JNK India's stock debuted impressively on the market, opening at ₹621 per share on the NSE, a 49.63% increase from its issue price. The stock reached a peak of ₹709.80 per share. Market experts recommend holding onto the stock for the long term, citing the company's robust fundamentals.