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The shares of Silkflex Polymers debuted on the NSE SME platform on Wednesday with a premium/discount of 15%. The stock was listed at Rs 60 as against an issue price of Rs 52 per share.
The market is expected to consolidate further with a positive bias in the coming week, with a focus on corporate earnings, the third phase of Lok Sabha elections, UK's first quarter GDP numbers, and Bank of England's policy meeting, experts said.
The primary market will witness opening of three new IPOs in the mainboard segment and six new IPOs in the small and medium enterprise (SME) segment.
Indegene will launch its IPO on May 6, Aadhar Housing Finance and TBO Tek on May 8. All three companies will cumulatively raise just over Rs 6,000 crore through their issues.