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Indian Stock Market Gears Up for New Year with 7 SME Debuts and Ongoing Bidding - CurrencyVeda
November 22, 2024

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Indian Stock Market Gears Up for New Year with 7 SME Debuts and Ongoing Bidding

Editor Currencyveda03 mins
Indian stock market

January 1, 2024

New Delhi, India

Year End Market Recap:

The Indian stock market wrapped up a bustling December, witnessing the listing of six companies that collectively raised Rs. 3,910 crore. The year 2023 proved to be an IPO bonanza with 173 SMEs and 52 mainboard listings.

Ongoing IPOs:

As the new year approaches, Kay Cee Energy & Infra Ltd and Kaushalya Logistics Ltd are currently open for IPO bidding. Kay Cee Energy & Infra offers a fresh issue of 29.5 lakh shares with a price band of Rs. 51 to Rs. 54 per share. Meanwhile, Kaushalya Logistics presents a combination of a fresh issue and an offer for sale, with a price band of Rs. 71 to Rs. 75 per share.

Also Read: India’s Direct Tax Collections Set to Triple Under Modi’s 10-Year Rule

Upcoming Listings:

The excitement continues with upcoming listings of Shri Balaji Valve Components, Manoj Ceramic Ltd, HRH Next Services Ltd, Akanksha Power and Infra Ltd, Sameera Agro and Infra Ltd, and AIK Pipes and Polymers. Investors can anticipate allotments between January 1 and January 4, 2024, with tentative listing dates in early January.

Tentative Schedule:

All eyes are on Kay Cee Energy & Infra, expecting allotment on January 3, 2024, and a tentative listing date set for January 5, 2024. For Kaushalya Logistics, allotment is projected on January 4, 2024, with a tentative listing date on January 8, 2024.

Conclusion:

The Indian stock market is poised for an eventful start to 2024, with ongoing IPOs and a lineup of SME debuts. Investors should stay tuned for the allotment results and listing dates, making informed decisions in the evolving market.

Also Read: NSE Shifts Bank Nifty Expiry Day to Wednesdays Starting March 1, 2024

Disclaimer:

CurrencyVeda provides this news article for informational purposes only. We do not offer investment advice or recommendations. Before making any investment decisions, please conduct thorough research, consult with financial experts, and carefully consider your financial situation, risk tolerance, and investment goals. Investing in the stock market carries risks, and it’s essential to make informed choices based on your individual circumstances. CurrencyVeda is not liable for any actions taken based on the information provided in this article.

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