IPOs are back in the Indian capital market and May’22 will witness the opening and listing of a few of the top IPOs in the primary market. Even in the Indian stock market history, Life Insurance Corporation of India (LIC) IPO, the biggest IPO has already opened on 4th May 2022 and is currently active for the subscription.
Ongoing IPO
The LIC IPO will remain open till Monday, 9th May for subscription and will list in the secondary market on 17th May 2022. As of Day 5, the Issue has been subscribed 1.70 times till 11 am with policyholders 4.75 times, staff 3.61 times, retail 1.49 times, and NII 1.18 times.
Upcoming IPOs
Three new IPOs will open for subscription in the Indian market next week between 9th May to 13th May 2022. The new IPOs are Delhivery, Prudent Corporate Advisory Services, and Venus Pipes & Tubes.
Prudent Corporate Advisory Services IPO size is Rs 538.61 crore, Venus Pipes & Tubes’ IPO size is Rs 165.42 crore and Delhivery is aiming at an IPO issue size of Rs 5,235 crore. Together these three IPOs launching next week will raise around Rs 6,000 Crores from the primary market.
Here are the dates of the upcoming IPOs next week:
New Listings
In the next week, two IPOs will also list on the Indian stock exchanges namely, Campus Activewear and Rainbow Children’s Medicare. Campus Activewear IPO was subscribed 51.75 times on the last day of subscription. Whereas, Rainbow Children’s Medicare IPO was subscribed 12.43 times on the final day.
The IPO dates of both these companies were in April’22.
The Analysts are currently betting on LIC IPO with all major brokers giving a ‘Subscribe’ call for the Life Insurance Corporation of India.
