Page 2 - Electro Force News Today

Happy Forgings IPO is expected to have a strong listing, with the grey market indicating a premium of ₹400 per share. Happy Forgings, a manufacturer of heavy forgings and high-precision machined components, is set to make its stock market debut on Wednesday (December 27).

Experts expect the market to remain rangebound in the last week of the year 2023.

Amongst the IPOs and listings, all eyes will be on the eight listings scheduled in the coming truncated week in the mainboard segment, though the action will be more in the SME segment.

This presents multiple investment opportunities as several companies gear up to launch their initial public offerings (IPOs) next week, accompanied by eight scheduled new listings.

“Excited about the Electro Force IPO. The SME market has taken everyone by storm because there was little participation. The name of the company is Electro Force. It is a consumer electrical play, a B2B play with Rs 18 crore equity and a price earning of something like six-seven times one year forward.”

This week will experience about 12 IPOs commencement. Continue reading to find out the details of the Initial Public Offerings launching this week.

Going ahead, Bank of Japans policy decision, minutes of RBI MPC meeting and primary market action will be key to monitor. All eyes are on whether markets can scale new highs and continue gaining streak for eighth consecutive week

Analysts said the strong interest in IPOs is due to an increased focus on profitability and reasonable pricing of deals, at least relative to prevailing higher valuation multiples in listed peers.

If you have missed opportunities to bid in these IPOS then next week you will have multiple options to bid in

Flood of IPOs next week | More than Rs 4,600 crore of fund raising will be taking place by the 12 companies in the coming week starting from December 18, after nearly Rs 4,000-crore worth of IPOs launched in the last week ended December 15.